MillerKnoll (NASDAQ:MLKN) Releases FY 2027 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) updated its FY 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.850-2.150 for the period, compared to the consensus earnings per share estimate of 2.000. The company issued revenue guidance of $3.9 billion-$4.1 billion, compared to the consensus revenue estimate of $4.0 billion. MillerKnoll also updated its Q1 2027 guidance to 0.330-0.390 EPS.

MillerKnoll Trading Up 7.3%

Shares of NASDAQ:MLKN traded up $1.18 during midday trading on Wednesday, hitting $17.24. 1,130,858 shares of the stock were exchanged, compared to its average volume of 749,348. The business’s 50-day moving average price is $15.85 and its 200 day moving average price is $17.71. MillerKnoll has a 12 month low of $13.77 and a 12 month high of $23.18. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.92 and a current ratio of 1.64. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 123.14, a P/E/G ratio of 0.66 and a beta of 1.41.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Wednesday, June 24th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $973.87 million. MillerKnoll had a return on equity of 10.11% and a net margin of 0.28%.MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. Analysts predict that MillerKnoll will post 1.83 earnings per share for the current year.

MillerKnoll Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Saturday, May 30th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, May 29th. MillerKnoll’s dividend payout ratio (DPR) is presently 535.71%.

Analysts Set New Price Targets

Several research analysts have issued reports on MLKN shares. Zacks Research upgraded MillerKnoll from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MillerKnoll in a research report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, MillerKnoll currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On MillerKnoll

A number of institutional investors and hedge funds have recently modified their holdings of MLKN. Cerity Partners LLC purchased a new position in MillerKnoll in the 4th quarter worth approximately $228,000. Bridgefront Capital LLC purchased a new stake in shares of MillerKnoll during the fourth quarter valued at approximately $200,000. LPL Financial LLC bought a new position in shares of MillerKnoll in the fourth quarter worth approximately $198,000. Inceptionr LLC purchased a new position in shares of MillerKnoll in the third quarter worth $189,000. Finally, Squarepoint Ops LLC purchased a new position in shares of MillerKnoll in the third quarter worth $185,000. 87.50% of the stock is owned by hedge funds and other institutional investors.

About MillerKnoll

MillerKnoll, Inc (NASDAQ: MLKN) is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.