Knoll Inc (NYSE:KNL) – Seaport Global Securities lifted their Q1 2018 earnings per share estimates for shares of Knoll in a report released on Sunday. Seaport Global Securities analyst M. Mccall now forecasts that the business services provider will earn $0.33 per share for the quarter, up from their previous estimate of $0.31. Seaport Global Securities also issued estimates for Knoll’s Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.56 EPS and FY2019 earnings at $2.05 EPS.
A number of other equities analysts also recently weighed in on the company. Raymond James Financial raised Knoll from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $23.00 to $26.00 in a research report on Tuesday, December 26th. Zacks Investment Research downgraded Knoll from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. TheStreet raised Knoll from a “c+” rating to a “b-” rating in a research report on Friday, November 17th. Finally, ValuEngine downgraded Knoll from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.67.
Knoll (NYSE:KNL) opened at $21.49 on Tuesday. The firm has a market capitalization of $1,006.74, a P/E ratio of 15.11 and a beta of 0.98. The company has a current ratio of 1.31, a quick ratio of 0.62 and a debt-to-equity ratio of 0.61. Knoll has a 12-month low of $16.57 and a 12-month high of $26.25.
Knoll (NYSE:KNL) last released its earnings results on Thursday, February 8th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.06). The company had revenue of $316.10 million during the quarter, compared to analyst estimates of $302.07 million. Knoll had a net margin of 7.08% and a return on equity of 20.51%. Knoll’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS.
A number of hedge funds and other institutional investors have recently made changes to their positions in KNL. OxFORD Asset Management LLP acquired a new position in Knoll during the second quarter worth approximately $275,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Knoll during the second quarter worth approximately $300,000. Stoneridge Investment Partners LLC bought a new stake in shares of Knoll during the third quarter worth approximately $301,000. SG Americas Securities LLC boosted its holdings in shares of Knoll by 63.6% during the third quarter. SG Americas Securities LLC now owns 15,832 shares of the business services provider’s stock worth $317,000 after acquiring an additional 6,156 shares during the period. Finally, Teacher Retirement System of Texas bought a new stake in shares of Knoll during the fourth quarter worth approximately $393,000. 90.86% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Wednesday, March 14th. Knoll’s dividend payout ratio (DPR) is presently 36.81%.
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Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.
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