Knoll (KNL) Releases Earnings Results, Misses Expectations By $0.06 EPS
Knoll (NYSE:KNL) issued its quarterly earnings results on Thursday. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.06), Bloomberg Earnings reports. Knoll had a return on equity of 21.94% and a net margin of 6.21%. The business had revenue of $316.10 million for the quarter, compared to the consensus estimate of $302.07 million. During the same period in the prior year, the business posted $0.44 earnings per share. Knoll’s revenue was up 7.9% on a year-over-year basis.
Shares of Knoll (KNL) traded down $0.26 during midday trading on Friday, reaching $20.40. The company’s stock had a trading volume of 691,222 shares, compared to its average volume of 214,591. The company has a current ratio of 1.31, a quick ratio of 0.62 and a debt-to-equity ratio of 0.61. The company has a market cap of $1,019.57, a price-to-earnings ratio of 14.57 and a beta of 0.98. Knoll has a 1-year low of $16.57 and a 1-year high of $27.25.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Wednesday, March 14th. Knoll’s dividend payout ratio (DPR) is presently 42.86%.
Knoll Company Profile
Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.
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