Knoll Inc (KNL) Expected to Announce Earnings of $0.39 Per Share

Wall Street brokerages predict that Knoll Inc (NYSE:KNL) will announce $0.39 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Knoll’s earnings, with estimates ranging from $0.35 to $0.42. Knoll posted earnings of $0.29 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 34.5%. The business is expected to announce its next quarterly earnings results on Thursday, July 26th.

According to Zacks, analysts expect that Knoll will report full year earnings of $1.74 per share for the current year, with EPS estimates ranging from $1.68 to $1.80. For the next year, analysts expect that the firm will report earnings of $1.97 per share, with EPS estimates ranging from $1.89 to $2.05. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Knoll.

Knoll (NYSE:KNL) last posted its earnings results on Wednesday, April 25th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm had revenue of $296.60 million during the quarter, compared to analysts’ expectations of $296.80 million. Knoll had a net margin of 7.08% and a return on equity of 19.97%. The business’s revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 EPS.

Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Knoll from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. ValuEngine lowered shares of Knoll from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $26.00.

In related news, EVP David L. Schutte sold 2,358 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $21.57, for a total value of $50,862.06. Following the completion of the sale, the executive vice president now owns 58,735 shares of the company’s stock, valued at approximately $1,266,913.95. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in KNL. Nationwide Fund Advisors grew its holdings in shares of Knoll by 56.4% during the third quarter. Nationwide Fund Advisors now owns 42,306 shares of the business services provider’s stock worth $846,000 after buying an additional 15,260 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Knoll by 21.6% during the third quarter. New York State Common Retirement Fund now owns 64,222 shares of the business services provider’s stock worth $1,284,000 after buying an additional 11,422 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Knoll by 21.9% during the third quarter. Ameriprise Financial Inc. now owns 78,568 shares of the business services provider’s stock worth $1,571,000 after buying an additional 14,099 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Knoll by 216.4% during the third quarter. Wells Fargo & Company MN now owns 521,086 shares of the business services provider’s stock worth $10,422,000 after buying an additional 356,380 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Knoll by 2.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 291,489 shares of the business services provider’s stock worth $5,830,000 after buying an additional 7,302 shares in the last quarter. 92.35% of the stock is owned by institutional investors and hedge funds.

NYSE KNL traded up $0.02 on Thursday, hitting $20.44. The company had a trading volume of 434,481 shares, compared to its average volume of 232,064. The firm has a market cap of $1,024.66, a PE ratio of 14.81 and a beta of 1.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.60 and a current ratio of 1.25. Knoll has a 12-month low of $16.57 and a 12-month high of $24.47.

The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Wednesday, March 14th. Knoll’s payout ratio is presently 43.48%.

About Knoll

Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, textiles, fine leathers, and felt for the workplace and residential markets in the United States, Canada, and Europe. The company operates through three segments: Office, Studio, and Coverings.

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