News coverage about Herman Miller (NASDAQ:MLHR) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Herman Miller earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 47.5815937253718 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
MLHR stock opened at $33.30 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.59 and a debt-to-equity ratio of 0.42. Herman Miller has a 1 year low of $29.25 and a 1 year high of $41.85. The stock has a market capitalization of $1.98 billion, a PE ratio of 15.42 and a beta of 1.42.
Herman Miller (NASDAQ:MLHR) last posted its earnings results on Wednesday, March 21st. The business services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. Herman Miller had a return on equity of 22.26% and a net margin of 5.55%. The business had revenue of $578.40 million during the quarter, compared to analyst estimates of $573.30 million. During the same quarter last year, the firm earned $0.39 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. equities analysts predict that Herman Miller will post 2.24 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, July 15th. Stockholders of record on Saturday, June 2nd will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.16%. Herman Miller’s dividend payout ratio (DPR) is currently 33.33%.
A number of research firms have recently issued reports on MLHR. BidaskClub upgraded Herman Miller from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research lowered Herman Miller from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Finally, ValuEngine upgraded Herman Miller from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $41.67.
In related news, insider Gregory J. Bylsma sold 17,907 shares of the stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $32.23, for a total value of $577,142.61. Following the completion of the transaction, the insider now owns 60,441 shares of the company’s stock, valued at $1,948,013.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian C. Walker sold 125,000 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $37.98, for a total value of $4,747,500.00. Following the completion of the transaction, the chief executive officer now directly owns 20,701 shares of the company’s stock, valued at approximately $786,223.98. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by company insiders.
About Herman Miller
Herman Miller, Inc engages in the research, design, manufacture, and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, home furnishings, and related services in the United States and internationally. The company provides modular systems under the Canvas Office Landscape, Locale, Public Office Landscape, Layout Studio, Action Office, Ethospace, Arras, and Resolve names; seating products under the Embody, Aeron, Mirra2, Setu, Say, Verus, Celle, Equa, Taper, and Ergon names; and storage products under the Meridian and Tu names.
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