News headlines about Herman Miller (NASDAQ:MLHR) have trended somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Herman Miller earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 45.3053488076759 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Herman Miller Schedules First Quarter Fiscal 2018 Conference Call and Webcast (finance.yahoo.com)
- Design Within Reach Returns to Minnesota with a New Studio in Galleria Edina (finance.yahoo.com)
- $577.40 Million in Sales Expected for Herman Miller, Inc. (MLHR) This Quarter (americanbankingnews.com)
- Herman Miller, Inc. (MLHR) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
Several analysts have recently commented on MLHR shares. Zacks Investment Research upgraded shares of Herman Miller from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Tuesday, July 11th. Sidoti started coverage on shares of Herman Miller in a report on Tuesday, June 27th. They issued a “buy” rating and a $38.00 target price for the company. Finally, BidaskClub upgraded shares of Herman Miller from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.00.
Shares of Herman Miller (NASDAQ MLHR) opened at 33.45 on Monday. The stock has a 50 day moving average of $33.33 and a 200 day moving average of $32.11. The stock has a market cap of $2.00 billion, a P/E ratio of 16.32 and a beta of 1.44. Herman Miller has a one year low of $26.99 and a one year high of $36.45.
Herman Miller (NASDAQ:MLHR) last posted its quarterly earnings results on Wednesday, July 5th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.09. The firm had revenue of $577.20 million during the quarter, compared to analyst estimates of $583.53 million. Herman Miller had a return on equity of 22.94% and a net margin of 5.44%. Herman Miller’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 EPS. On average, analysts forecast that Herman Miller will post $2.27 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Saturday, September 2nd will be given a $0.18 dividend. This is a positive change from Herman Miller’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, August 30th. This represents a $0.72 dividend on an annualized basis and a yield of 2.15%. Herman Miller’s payout ratio is 35.12%.
In other Herman Miller news, CEO Brian C. Walker sold 14,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $32.73, for a total value of $458,220.00. Following the completion of the transaction, the chief executive officer now owns 160,979 shares of the company’s stock, valued at approximately $5,268,842.67. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Hezron T. Lopez sold 2,312 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $33.96, for a total value of $78,515.52. The disclosure for this sale can be found here. In the last three months, insiders sold 123,535 shares of company stock valued at $4,136,309. 1.91% of the stock is owned by insiders.
About Herman Miller
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