MillerKnoll (NASDAQ:MLKN) Issues Q1 2027 Earnings Guidance

MillerKnoll (NASDAQ:MLKN) updated its first quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.330-0.390 for the period, compared to the consensus earnings per share estimate of 0.360. The company issued revenue guidance of $928.0 million-$968.0 million, compared to the consensus revenue estimate of $948.6 million. MillerKnoll also updated its FY 2027 guidance to 1.850-2.150 EPS.

MillerKnoll Stock Up 7.3%

Shares of MLKN stock traded up $1.18 during mid-day trading on Wednesday, hitting $17.24. 1,130,858 shares of the stock traded hands, compared to its average volume of 749,348. MillerKnoll has a 52-week low of $13.77 and a 52-week high of $23.18. The stock has a market cap of $1.18 billion, a P/E ratio of 123.14, a P/E/G ratio of 0.66 and a beta of 1.41. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.64 and a quick ratio of 0.92. The stock’s fifty day moving average is $15.85 and its two-hundred day moving average is $17.71.

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

MillerKnoll Announces Dividend

The company 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 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Friday, May 29th. MillerKnoll’s payout ratio is currently 535.71%.

Wall Street Analyst Weigh In

MLKN has been the subject of several analyst reports. 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 equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, MillerKnoll has a consensus rating of “Hold”.

Institutional Investors Weigh In On MillerKnoll

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in shares of MillerKnoll by 39.4% in the 1st quarter. Royal Bank of Canada now owns 19,451 shares of the company’s stock valued at $373,000 after acquiring an additional 5,495 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in MillerKnoll by 2.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company’s stock valued at $775,000 after purchasing an additional 801 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of MillerKnoll by 7.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 197,932 shares of the company’s stock worth $3,788,000 after purchasing an additional 13,099 shares during the period. Jane Street Group LLC raised its position in MillerKnoll by 311.8% during the 1st quarter. Jane Street Group LLC now owns 414,275 shares of the company’s stock worth $7,929,000 after buying an additional 313,684 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of MillerKnoll by 177.3% in the 2nd quarter. Hsbc Holdings PLC now owns 28,704 shares of the company’s stock valued at $553,000 after acquiring an additional 18,354 shares during the last quarter. 87.50% of the stock is currently owned by institutional investors and hedge funds.

MillerKnoll Company Profile

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.