Herman Miller (MLHR) Given Coverage Optimism Rating of 0.21

Media coverage about Herman Miller (NASDAQ:MLHR) has trended somewhat positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Herman Miller earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 47.5956099207662 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern’s scoring:

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NASDAQ:MLHR opened at $33.10 on Tuesday. Herman Miller has a 52-week low of $29.25 and a 52-week high of $41.85. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.15 and a current ratio of 1.59. The firm has a market cap of $1,931.82, a price-to-earnings ratio of 15.32 and a beta of 1.40.

Herman Miller (NASDAQ:MLHR) last posted its quarterly earnings data on Wednesday, March 21st. The business services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. Herman Miller had a return on equity of 22.26% and a net margin of 5.55%. The firm had revenue of $578.40 million for the quarter, compared to the consensus estimate of $573.30 million. During the same quarter in the prior year, the business earned $0.39 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. analysts expect that Herman Miller will post 2.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Sunday, April 15th. Shareholders of record on Saturday, March 3rd were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Thursday, March 1st. Herman Miller’s payout ratio is 33.33%.

MLHR has been the topic of several recent analyst reports. Zacks Investment Research downgraded Herman Miller from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. ValuEngine downgraded Herman Miller from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. BidaskClub downgraded Herman Miller from a “hold” rating to a “sell” rating in a report on Thursday, March 29th. Finally, Raymond James Financial raised Herman Miller from a “market perform” rating to an “outperform” rating and set a $43.00 price objective on the stock in a report on Tuesday, December 26th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $41.67.

In other Herman Miller news, CEO Brian C. Walker sold 90,003 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $36.27, for a total transaction of $3,264,408.81. Following the completion of the sale, the chief executive officer now owns 226,389 shares in the company, valued at approximately $8,211,129.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Stephen C. Gane sold 8,781 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $41.00, for a total transaction of $360,021.00. Following the sale, the senior vice president now owns 2,536 shares of the company’s stock, valued at approximately $103,976. The disclosure for this sale can be found here. Insiders have sold a total of 223,981 shares of company stock valued at $8,380,032 in the last quarter. Corporate insiders own 1.91% of the company’s stock.

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Herman Miller Company Profile

Herman Miller, Inc is engaged in the research, design, manufacture, sale and distribution of office furniture systems, seating products, home furnishings and related services, among others. The Company’s segments include North American Furniture Solutions, which includes the design, manufacture and sale of furniture products for work-related settings, including office, education and healthcare environments, across the United States and Canada; EMEA, Latin America, and Asia Pacific (ELA) Furniture Solutions, which includes the operations associated with the design, manufacture, and sale of furniture products, primarily for work-related settings, in the Europe, Middle East and Africa (EMEA), Latin America and Asia-Pacific geographic regions, among others; Specialty segment, which includes the design, manufacture and sale of furniture products and textiles, and Consumer segment, which includes the sale of modern design furnishings and accessories to third-party retail distributors.

Insider Buying and Selling by Quarter for Herman Miller (NASDAQ:MLHR)

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