MillerKnoll (NASDAQ:MLKN) Updates FY25 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) updated its FY25 earnings guidance on Thursday. The company provided earnings per share guidance of $2.20 for the period, compared to the consensus earnings per share estimate of $2.18. MillerKnoll also updated its FY 2025 guidance to 2.200-2.200 EPS.

MillerKnoll Stock Performance

MLKN opened at $23.50 on Friday. MillerKnoll has a 12-month low of $19.10 and a 12-month high of $31.73. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 0.99 and a beta of 1.18. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.93. The company’s 50 day moving average is $28.45 and its 200 day moving average is $27.47.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data on Thursday, September 19th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). MillerKnoll had a net margin of 2.27% and a return on equity of 10.94%. The business had revenue of $861.50 million for the quarter, compared to the consensus estimate of $889.38 million. During the same period in the previous year, the firm earned $0.37 EPS. The company’s revenue was down 6.1% on a year-over-year basis. On average, equities research analysts predict that MillerKnoll will post 2.21 EPS for the current year.

MillerKnoll Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Saturday, August 31st will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Friday, August 30th. MillerKnoll’s payout ratio is 67.57%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded MillerKnoll from a buy rating to a strong-buy rating in a research note on Saturday, August 3rd.

About MillerKnoll

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.