Wall Street analysts expect Knoll Inc (NYSE:KNL) to announce $352.00 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Knoll’s earnings, with the highest sales estimate coming in at $355.70 million and the lowest estimate coming in at $348.30 million. Knoll posted sales of $316.12 million during the same quarter last year, which suggests a positive year-over-year growth rate of 11.4%. The business is expected to issue its next earnings results on Thursday, February 14th.
On average, analysts expect that Knoll will report full year sales of $1.30 billion for the current year. For the next fiscal year, analysts anticipate that the firm will report sales of $1.36 billion, with estimates ranging from $1.36 billion to $1.37 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Knoll.
Knoll (NYSE:KNL) last posted its quarterly earnings data on Monday, October 29th. The business services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. Knoll had a net margin of 6.44% and a return on equity of 21.81%. The firm had revenue of $327.70 million for the quarter, compared to analysts’ expectations of $327.67 million. During the same period in the previous year, the company posted $0.39 EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year.
KNL has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Knoll from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Saturday, August 4th. ValuEngine cut shares of Knoll from a “hold” rating to a “sell” rating in a report on Wednesday.
NYSE KNL traded down $0.43 on Friday, hitting $19.09. 210,355 shares of the stock were exchanged, compared to its average volume of 253,258. Knoll has a 52-week low of $18.91 and a 52-week high of $24.29. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.61 and a current ratio of 1.30. The stock has a market cap of $985.19 million, a price-to-earnings ratio of 13.83 and a beta of 1.07.
In related news, Director John F. Maypole purchased 1,500 shares of the stock in a transaction dated Friday, November 2nd. The shares were acquired at an average cost of $20.01 per share, for a total transaction of $30,015.00. Following the acquisition, the director now directly owns 27,622 shares in the company, valued at approximately $552,716.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Roxanne B. Klein sold 1,835 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $22.90, for a total transaction of $42,021.50. Following the transaction, the senior vice president now owns 16,592 shares in the company, valued at $379,956.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,835 shares of company stock worth $626,175. 1.90% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of KNL. Millennium Management LLC boosted its holdings in Knoll by 125.6% in the first quarter. Millennium Management LLC now owns 663,901 shares of the business services provider’s stock worth $13,404,000 after purchasing an additional 369,584 shares in the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in Knoll in the third quarter worth $6,650,000. Assenagon Asset Management S.A. bought a new stake in Knoll in the third quarter worth $5,862,000. LSV Asset Management boosted its holdings in Knoll by 34.2% in the third quarter. LSV Asset Management now owns 725,644 shares of the business services provider’s stock worth $17,016,000 after purchasing an additional 185,000 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Knoll by 5.9% in the second quarter. BlackRock Inc. now owns 3,213,773 shares of the business services provider’s stock worth $66,879,000 after purchasing an additional 179,407 shares in the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.
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.
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