Somewhat Favorable News Coverage Somewhat Unlikely to Affect Herman Miller (MLHR) Share Price

Headlines about Herman Miller (NASDAQ:MLHR) have been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Herman Miller earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 46.8504768159646 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news headlines that may have effected Accern’s analysis:

Herman Miller (MLHR) opened at $39.45 on Thursday. Herman Miller has a 52 week low of $28.55 and a 52 week high of $40.85. The firm has a market capitalization of $2,360.00, a price-to-earnings ratio of 19.43 and a beta of 1.48. The company has a current ratio of 1.33, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32.

Herman Miller (NASDAQ:MLHR) last issued its quarterly earnings results on Wednesday, December 20th. The business services provider reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. Herman Miller had a return on equity of 21.85% and a net margin of 5.36%. The company had revenue of $604.60 million for the quarter, compared to analyst estimates of $603.77 million. During the same quarter in the prior year, the company posted $0.54 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. sell-side analysts expect that Herman Miller will post 2.35 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Saturday, December 2nd will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, November 30th. Herman Miller’s dividend payout ratio is presently 35.47%.

MLHR has been the topic of a number of recent research reports. ValuEngine lowered Herman Miller from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research lowered Herman Miller from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub lowered Herman Miller from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Raymond James Financial raised Herman Miller from a “market perform” rating to an “outperform” rating and set a $43.00 price target on the stock in a research note on Tuesday, December 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Herman Miller currently has an average rating of “Buy” and a consensus target price of $41.67.

In other Herman Miller news, CEO Brian C. Walker sold 14,000 shares of the stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $35.38, for a total transaction of $495,320.00. Following the transaction, the chief executive officer now owns 160,979 shares of the company’s stock, valued at approximately $5,695,437.02. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Stephen C. Gane sold 30,988 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $39.77, for a total value of $1,232,392.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,002 shares of company stock worth $2,307,612. Corporate insiders own 1.91% of the company’s stock.

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About Herman Miller

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