Zacks: Brokerages Anticipate Knoll Inc (KNL) Will Announce Earnings of $0.48 Per Share
Equities analysts expect Knoll Inc (NYSE:KNL) to post earnings of $0.48 per share for the current fiscal quarter, Zacks Investment Research reports. 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 posted earnings per share of $0.39 in the same quarter last year, which would indicate a positive year over year growth rate of 23.1%. The firm is scheduled to announce its next quarterly earnings report on Monday, October 22nd.
On average, analysts expect that Knoll will report full-year earnings of $1.81 per share for the current financial year, with EPS estimates ranging from $1.80 to $1.81. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.03 per share, with EPS estimates ranging from $2.00 to $2.06. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Knoll.
Knoll (NYSE:KNL) last announced its quarterly earnings data on Monday, July 30th. The business services provider reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. The firm had revenue of $323.40 million for the quarter, compared to analyst estimates of $307.70 million. Knoll had a return on equity of 20.90% and a net margin of 6.54%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS.
KNL traded down $0.37 during mid-day trading on Monday, reaching $21.34. The stock had a trading volume of 387,630 shares, compared to its average volume of 218,420. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 15.46 and a beta of 0.87. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.61 and a current ratio of 1.30. Knoll has a 52 week low of $18.91 and a 52 week high of $24.29.
The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Thursday, September 13th. Knoll’s dividend payout ratio (DPR) is currently 43.48%.
In other news, Director Kathleen G. Bradley sold 12,481 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $23.37, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Andrew B. Cogan sold 18,000 shares of the stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $23.00, for a total value of $414,000.00. Following the completion of the transaction, the chairman now directly owns 520,613 shares in the company, valued at approximately $11,974,099. The disclosure for this sale can be found here. In the last three months, insiders sold 44,835 shares of company stock worth $1,040,175. 1.90% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Northern Trust Corp lifted its stake in shares of Knoll by 3.2% in the 2nd quarter. Northern Trust Corp now owns 651,262 shares of the business services provider’s stock valued at $13,553,000 after purchasing an additional 20,303 shares during the period. Delphi Management Inc. MA acquired a new position in shares of Knoll in the 2nd quarter valued at $2,004,000. California Public Employees Retirement System lifted its stake in shares of Knoll by 31.6% in the 2nd quarter. California Public Employees Retirement System now owns 90,817 shares of the business services provider’s stock valued at $1,890,000 after purchasing an additional 21,820 shares during the period. Voya Investment Management LLC lifted its stake in shares of Knoll by 1.2% in the 2nd quarter. Voya Investment Management LLC now owns 1,674,532 shares of the business services provider’s stock valued at $34,847,000 after purchasing an additional 20,664 shares during the period. Finally, Raymond James & Associates lifted its stake in shares of Knoll by 5.7% in the 2nd quarter. Raymond James & Associates now owns 55,160 shares of the business services provider’s stock valued at $1,148,000 after purchasing an additional 2,951 shares during the period. 89.41% of the stock is currently owned by institutional investors.
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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