Knoll, Inc. (NYSE:KNL) – Research analysts at Seaport Global Securities cut their Q3 2017 EPS estimates for shares of Knoll in a note issued to investors on Monday. Seaport Global Securities analyst M. Mccall now forecasts that the business services provider will post earnings of $0.33 per share for the quarter, down from their previous forecast of $0.46. Seaport Global Securities also issued estimates for Knoll’s Q4 2017 earnings at $0.44 EPS and FY2018 earnings at $1.70 EPS.
A number of other equities analysts have also recently weighed in on KNL. Zacks Investment Research cut Knoll from a “hold” rating to a “strong sell” rating in a report on Tuesday. ValuEngine cut Knoll from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
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Shares of Knoll (KNL) opened at 19.02 on Tuesday. Knoll has a 52-week low of $16.57 and a 52-week high of $28.40. The stock has a market cap of $931.96 million, a PE ratio of 13.12 and a beta of 1.00. The company’s 50 day moving average price is $19.94 and its 200 day moving average price is $22.78.
Knoll (NYSE:KNL) last released its earnings results on Thursday, July 27th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.08. Knoll had a return on equity of 23.64% and a net margin of 6.43%. The business had revenue of $268.70 million for the quarter, compared to analysts’ expectations of $284.65 million. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year.
A number of institutional investors have recently added to or reduced their stakes in KNL. New York State Teachers Retirement System boosted its position in Knoll by 2.4% in the first quarter. New York State Teachers Retirement System now owns 4,300 shares of the business services provider’s stock worth $102,000 after buying an additional 100 shares during the last quarter. Quantbot Technologies LP raised its stake in Knoll by 1,808.0% in the first quarter. Quantbot Technologies LP now owns 7,193 shares of the business services provider’s stock valued at $171,000 after buying an additional 6,816 shares during the period. Strs Ohio raised its stake in Knoll by 6.0% in the second quarter. Strs Ohio now owns 8,800 shares of the business services provider’s stock valued at $176,000 after buying an additional 500 shares during the period. Sei Investments Co. raised its stake in Knoll by 35.1% in the first quarter. Sei Investments Co. now owns 9,016 shares of the business services provider’s stock valued at $214,000 after buying an additional 2,343 shares during the period. Finally, Camelot Portfolios LLC purchased a new stake in Knoll during the first quarter valued at approximately $251,000. 98.17% of the stock is owned by institutional investors.
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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