Analysts expect Knoll Inc (NYSE:KNL) to report earnings per share of $0.48 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Knoll’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.47. Knoll reported earnings of $0.39 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 23.1%. The firm is scheduled to issue its next earnings results on Monday, October 22nd.
On average, analysts expect that Knoll will report full-year earnings of $1.81 per share for the current fiscal year, with EPS estimates ranging from $1.80 to $1.81. For the next fiscal year, analysts forecast that the company will post earnings of $2.03 per share, with EPS estimates ranging from $2.00 to $2.06. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Knoll.
Knoll (NYSE:KNL) last released its earnings results on Monday, July 30th. The business services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. Knoll had a net margin of 6.54% and a return on equity of 20.90%. The firm had revenue of $323.40 million during the quarter, compared to analyst estimates of $307.70 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year.
KNL stock traded up $0.10 during trading on Monday, hitting $21.44. 207,700 shares of the company’s stock traded hands, compared to its average volume of 218,366. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.30 and a quick ratio of 0.61. Knoll has a 52 week low of $18.91 and a 52 week high of $24.29. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 15.46 and a beta of 0.87.
The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.80%. Knoll’s dividend payout ratio is currently 43.48%.
In other news, Chairman Andrew B. Cogan sold 18,000 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $23.00, for a total transaction of $414,000.00. Following the completion of the transaction, the chairman now owns 520,613 shares in the company, valued at $11,974,099. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kathleen G. Bradley sold 12,481 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $23.37, for a total transaction of $291,680.97. Following the transaction, the director now owns 120,523 shares of the company’s stock, valued at approximately $2,816,622.51. The disclosure for this sale can be found here. Insiders have sold 44,835 shares of company stock valued at $1,040,175 in the last 90 days. Insiders own 1.90% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. grew its position in shares of Knoll by 118.9% during the first quarter. Citigroup Inc. now owns 25,127 shares of the business services provider’s stock worth $507,000 after acquiring an additional 13,648 shares during the last quarter. Greenwich Wealth Management LLC grew its position in shares of Knoll by 16.3% during the second quarter. Greenwich Wealth Management LLC now owns 19,984 shares of the business services provider’s stock worth $416,000 after acquiring an additional 2,801 shares during the last quarter. Systematic Financial Management LP grew its position in Knoll by 9.6% in the 2nd quarter. Systematic Financial Management LP now owns 308,505 shares of the business services provider’s stock valued at $6,420,000 after buying an additional 26,917 shares in the last quarter. LSV Asset Management grew its position in Knoll by 50.7% in the 2nd quarter. LSV Asset Management now owns 540,644 shares of the business services provider’s stock valued at $11,250,000 after buying an additional 181,944 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Knoll by 5.3% in the 1st quarter. Wells Fargo & Company MN now owns 830,227 shares of the business services provider’s stock valued at $16,762,000 after buying an additional 41,717 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.
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.
Read More: Retained Earnings
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.