Equities analysts forecast that Knoll Inc (NYSE:KNL) will announce $0.53 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Knoll’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.54. Knoll posted earnings of $0.36 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 47.2%. The business is scheduled to report its next quarterly earnings results on Thursday, February 14th.
On average, analysts expect that Knoll will report full year earnings of $1.79 per share for the current fiscal year, with EPS estimates ranging from $1.78 to $1.80. For the next fiscal year, analysts forecast that the business will report earnings of $2.01 per share, with EPS estimates ranging from $2.00 to $2.02. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Knoll.
Knoll (NYSE:KNL) last announced its quarterly earnings data on Monday, October 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. The company had revenue of $327.70 million during the quarter, compared to the consensus estimate of $327.67 million. Knoll had a return on equity of 21.81% and a net margin of 6.44%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS.
Separately, Zacks Investment Research upgraded Knoll from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Saturday, August 4th.
In other Knoll news, Chairman Andrew B. Cogan sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $23.00, for a total value of $414,000.00. Following the completion of the transaction, the chairman now directly owns 520,613 shares in the company, valued at approximately $11,974,099. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John F. Maypole purchased 1,500 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was acquired at an average price of $20.01 per share, with a total value of $30,015.00. Following the completion of the purchase, the director now directly owns 27,622 shares in the company, valued at $552,716.22. The disclosure for this purchase can be found here. Insiders sold a total of 44,835 shares of company stock valued at $1,040,175 over the last 90 days. 1.90% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of KNL. Sun Life Financial INC bought a new position in Knoll in the 2nd quarter worth approximately $143,000. Xact Kapitalforvaltning AB boosted its stake in Knoll by 29.6% in the 1st quarter. Xact Kapitalforvaltning AB now owns 11,381 shares of the business services provider’s stock worth $230,000 after purchasing an additional 2,600 shares during the period. Engineers Gate Manager LP bought a new position in Knoll in the 2nd quarter worth approximately $269,000. Emerald Advisers Inc. PA bought a new position in Knoll in the 3rd quarter worth approximately $387,000. Finally, Greenwich Wealth Management LLC boosted its stake in Knoll by 16.3% in the 2nd quarter. Greenwich Wealth Management LLC now owns 19,984 shares of the business services provider’s stock worth $416,000 after purchasing an additional 2,801 shares during the period. Institutional investors and hedge funds own 90.19% of the company’s stock.
Shares of NYSE:KNL opened at $19.83 on Thursday. The company has a market cap of $992.11 million, a P/E ratio of 14.37 and a beta of 1.07. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 1.28. Knoll has a 12-month low of $18.91 and a 12-month high of $24.29.
Knoll Company Profile
Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, textiles, fine leathers, and felt for the workplace and residential markets in the United States, Canada, and Europe. The company operates through three segments: Office, Studio, and Coverings.
Recommended Story: How Short Selling Works
Get a free copy of the Zacks research report on Knoll (KNL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Knoll Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knoll and related companies with MarketBeat.com's FREE daily email newsletter.