Knoll Inc (NYSE:KNL) – Equities research analysts at Seaport Global Securities lifted their FY2018 earnings per share (EPS) estimates for Knoll in a report released on Sunday. Seaport Global Securities analyst M. Mccall now forecasts that the business services provider will earn $1.80 per share for the year, up from their prior forecast of $1.62.

Knoll (NYSE:KNL) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.06). The firm had revenue of $316.10 million for the quarter, compared to the consensus estimate of $302.07 million. Knoll had a net margin of 7.08% and a return on equity of 20.51%. Knoll’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 earnings per share.

Several other equities analysts have also commented on the company. Zacks Investment Research lowered Knoll from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine lowered Knoll from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Raymond James Financial upgraded Knoll from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $23.00 to $26.00 in a research report on Tuesday, December 26th. Finally, TheStreet upgraded Knoll from a “c+” rating to a “b-” rating in a research report on Friday, November 17th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Knoll has a consensus rating of “Buy” and an average price target of $26.67.

Shares of Knoll (NYSE:KNL) traded up $0.12 during trading on Wednesday, hitting $21.38. The stock had a trading volume of 48,345 shares, compared to its average volume of 283,307. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.31 and a quick ratio of 0.62. The company has a market cap of $1,060.53, a price-to-earnings ratio of 15.92 and a beta of 0.98. Knoll has a 12-month low of $16.57 and a 12-month high of $24.47.

A number of institutional investors and hedge funds have recently bought and sold shares of KNL. Investors Research Corp bought a new position in Knoll during the 4th quarter worth approximately $234,000. OxFORD Asset Management LLP bought a new position in Knoll during the 2nd quarter worth approximately $275,000. Dynamic Technology Lab Private Ltd bought a new position in Knoll during the 2nd quarter worth approximately $300,000. Stoneridge Investment Partners LLC bought a new position in Knoll during the 3rd quarter worth approximately $301,000. Finally, SG Americas Securities LLC grew its position in Knoll by 63.6% during the 3rd quarter. SG Americas Securities LLC now owns 15,832 shares of the business services provider’s stock worth $317,000 after acquiring an additional 6,156 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.60 annualized dividend and a yield of 2.81%. Knoll’s payout ratio is 36.81%.

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About Knoll

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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