Zacks: Analysts Expect Knoll Inc (KNL) Will Post Quarterly Sales of $294.70 Million

Wall Street analysts expect Knoll Inc (NYSE:KNL) to report $294.70 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Knoll’s earnings, with the lowest sales estimate coming in at $285.00 million and the highest estimate coming in at $304.40 million. Knoll posted sales of $256.82 million in the same quarter last year, which would indicate a positive year over year growth rate of 14.7%. The business is expected to announce its next earnings report on Monday, April 23rd.

According to Zacks, analysts expect that Knoll will report full year sales of $294.70 million for the current fiscal year, with estimates ranging from $1.27 billion to $1.29 billion. For the next year, analysts anticipate that the firm will report sales of $1.34 billion per share, with estimates ranging from $1.34 billion to $1.35 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Knoll.

Knoll (NYSE:KNL) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.06). The company had revenue of $316.10 million during the quarter, compared to analysts’ expectations of $302.07 million. Knoll had a return on equity of 20.51% and a net margin of 7.08%. Knoll’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $0.44 earnings per share.

A number of equities analysts have commented on the company. Zacks Investment Research cut Knoll from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. ValuEngine cut Knoll from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Raymond James Financial raised Knoll from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $23.00 to $26.00 in a research note on Tuesday, December 26th. Finally, TheStreet raised Knoll from a “c+” rating to a “b-” rating in a research note on Friday, November 17th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $26.00.

Shares of Knoll (KNL) traded down $0.42 during trading on Monday, reaching $22.18. The company’s stock had a trading volume of 226,025 shares, compared to its average volume of 269,200. The company has a quick ratio of 0.62, a current ratio of 1.31 and a debt-to-equity ratio of 0.61. The stock has a market cap of $1,090.00, a PE ratio of 13.61 and a beta of 0.98. Knoll has a 1-year low of $16.57 and a 1-year high of $24.47.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.60 dividend on an annualized basis and a yield of 2.71%. Knoll’s dividend payout ratio (DPR) is currently 36.81%.

Several hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. grew its position in shares of Knoll by 6.5% in the 4th quarter. Victory Capital Management Inc. now owns 36,458 shares of the business services provider’s stock worth $840,000 after buying an additional 2,210 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Knoll by 2.8% in the 2nd quarter. Teachers Advisors LLC now owns 86,299 shares of the business services provider’s stock worth $1,730,000 after buying an additional 2,327 shares during the last quarter. Dumont & Blake Investment Advisors LLC grew its position in shares of Knoll by 8.3% in the 3rd quarter. Dumont & Blake Investment Advisors LLC now owns 33,590 shares of the business services provider’s stock worth $672,000 after buying an additional 2,580 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Knoll by 5.6% in the 2nd quarter. New York State Common Retirement Fund now owns 52,800 shares of the business services provider’s stock worth $1,059,000 after buying an additional 2,799 shares during the last quarter. Finally, Systematic Financial Management LP grew its position in shares of Knoll by 1.4% in the 4th quarter. Systematic Financial Management LP now owns 273,491 shares of the business services provider’s stock worth $6,301,000 after buying an additional 3,811 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

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About Knoll

Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.

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