Equities research analysts forecast that Knoll Inc (NYSE:KNL) will post sales of $294.70 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Knoll’s earnings, with the lowest sales estimate coming in at $285.00 million and the highest estimate coming in at $304.40 million. Knoll reported sales of $256.82 million in the same quarter last year, which indicates a positive year-over-year growth rate of 14.7%. The business is scheduled to issue its next earnings report on Monday, April 23rd.
On average, analysts expect that Knoll will report full year sales of $294.70 million for the current year, with estimates ranging from $1.27 billion to $1.29 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.34 billion per share, with estimates ranging from $1.34 billion to $1.35 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Knoll.
Knoll (NYSE:KNL) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.06). Knoll had a net margin of 7.08% and a return on equity of 19.97%. The company had revenue of $316.10 million for the quarter, compared to the consensus estimate of $302.07 million. During the same period last year, the company earned $0.44 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis.
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Knoll from a “buy” rating to a “hold” rating in a report on Friday, January 12th. ValuEngine downgraded shares of Knoll from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Raymond James Financial raised shares of Knoll from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $23.00 to $26.00 in a report on Tuesday, December 26th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Knoll has an average rating of “Buy” and an average price target of $26.00.
In related news, EVP David L. Schutte sold 2,358 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $21.57, for a total value of $50,862.06. Following the completion of the transaction, the executive vice president now owns 58,735 shares of the company’s stock, valued at approximately $1,266,913.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB bought a new position in shares of Knoll in the 4th quarter valued at about $202,000. Investors Research Corp bought a new position in shares of Knoll in the 4th quarter valued at about $234,000. Gotham Asset Management LLC bought a new position in shares of Knoll in the 4th quarter valued at about $262,000. SG Americas Securities LLC lifted its holdings in shares of Knoll by 63.6% in the 3rd quarter. SG Americas Securities LLC now owns 15,832 shares of the business services provider’s stock valued at $317,000 after acquiring an additional 6,156 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Knoll in the 4th quarter valued at about $393,000. 92.35% of the stock is owned by hedge funds and other institutional investors.
Knoll (KNL) opened at $22.19 on Friday. Knoll has a 1-year low of $16.57 and a 1-year high of $24.47. The company has a market cap of $1,098.43, a PE ratio of 16.44 and a beta of 1.02. The company has a current ratio of 1.25, a quick ratio of 0.60 and a debt-to-equity ratio of 0.50.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Wednesday, March 14th. Knoll’s payout ratio is 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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