Equities analysts expect that Knoll Inc (NYSE:KNL) will report sales of $349.10 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Knoll’s earnings, with the highest sales estimate coming in at $352.10 million and the lowest estimate coming in at $346.10 million. Knoll posted sales of $327.74 million during the same quarter last year, which suggests a positive year over year growth rate of 6.5%. The business is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, October 23rd.
On average, analysts expect that Knoll will report full year sales of $1.43 billion for the current fiscal year. For the next financial year, analysts expect that the firm will post sales of $1.51 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Knoll.
Knoll (NYSE:KNL) last posted its earnings results on Wednesday, July 24th. The business services provider reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. Knoll had a net margin of 6.11% and a return on equity of 24.27%. The firm had revenue of $367.30 million for the quarter, compared to analysts’ expectations of $339.13 million. During the same quarter last year, the firm earned $0.42 EPS. The company’s quarterly revenue was up 13.6% compared to the same quarter last year.
In other Knoll news, EVP David L. Schutte sold 5,000 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $24.84, for a total transaction of $124,200.00. Following the sale, the executive vice president now owns 58,424 shares of the company’s stock, valued at approximately $1,451,252.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Andrew B. Cogan sold 10,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $23.28, for a total transaction of $232,800.00. Following the sale, the chairman now directly owns 518,713 shares in the company, valued at approximately $12,075,638.64. The disclosure for this sale can be found here. Insiders sold a total of 19,305 shares of company stock worth $464,625 in the last ninety days. 1.60% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of KNL. Bank of Montreal Can raised its holdings in Knoll by 633.1% during the 2nd quarter. Bank of Montreal Can now owns 4,743 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 4,096 shares during the period. Meeder Asset Management Inc. grew its position in Knoll by 795.2% in the second quarter. Meeder Asset Management Inc. now owns 9,086 shares of the business services provider’s stock worth $208,000 after acquiring an additional 8,071 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Knoll in the second quarter worth $213,000. Xact Kapitalforvaltning AB purchased a new position in Knoll in the second quarter worth $216,000. Finally, Aperio Group LLC purchased a new position in Knoll in the second quarter worth $232,000. 90.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of Knoll stock traded down $0.16 during mid-day trading on Friday, hitting $24.85. 92,218 shares of the stock were exchanged, compared to its average volume of 223,993. Knoll has a 12 month low of $15.72 and a 12 month high of $25.89. The company has a 50-day simple moving average of $24.29 and a 200 day simple moving average of $22.32. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.53 and a current ratio of 1.15. The company has a market capitalization of $1.23 billion, a P/E ratio of 13.43 and a beta of 1.45.
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.17 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.74%. Knoll’s dividend payout ratio (DPR) is presently 36.76%.
Knoll Company Profile
Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, and coverings for the workplace and residential markets in the United States, Canada, Europe, and internationally. The company operates through Office and Lifestyle segments.
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