Knoll Inc (NYSE:KNL) – Research analysts at Seaport Global Securities decreased their Q1 2019 earnings estimates for Knoll in a research note issued on Thursday, February 7th. Seaport Global Securities analyst M. Mccall now forecasts that the business services provider will earn $0.40 per share for the quarter, down from their previous forecast of $0.41.
Several other equities research analysts have also weighed in on KNL. Zacks Investment Research lowered Knoll from a “hold” rating to a “sell” rating in a research report on Saturday, November 3rd. ValuEngine lowered Knoll from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th. TheStreet lowered Knoll from a “b-” rating to a “c+” rating in a research report on Wednesday, December 19th. Finally, Sidoti dropped their price target on Knoll from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, January 2nd.
NYSE KNL opened at $20.44 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.60 and a current ratio of 1.28. Knoll has a twelve month low of $15.72 and a twelve month high of $24.29. The company has a market cap of $1.01 billion, a P/E ratio of 11.05 and a beta of 1.23.
Knoll (NYSE:KNL) last issued its quarterly earnings data on Wednesday, February 6th. The business services provider reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.04. The firm had revenue of $354.60 million for the quarter, compared to analyst estimates of $354.10 million. Knoll had a return on equity of 24.14% and a net margin of 5.62%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $0.36 EPS.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Knoll by 56.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,625 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 1,301 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of Knoll during the fourth quarter valued at approximately $131,000. Investors Research Corp raised its stake in Knoll by 4.9% during the fourth quarter. Investors Research Corp now owns 10,650 shares of the business services provider’s stock valued at $176,000 after buying an additional 500 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Knoll during the fourth quarter valued at $179,000. Finally, Lido Advisors LLC purchased a new position in Knoll during the third quarter valued at $201,000. Institutional investors own 89.97% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.94%. Knoll’s dividend payout ratio is presently 32.43%.
Knoll Company Profile
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.
Read More: Leveraged Buyout (LBO) Explained
Receive News & Ratings for Knoll Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knoll and related companies with MarketBeat.com's FREE daily email newsletter.