Knoll Inc (NYSE:KNL) – Equities researchers at Seaport Global Securities raised their Q1 2018 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 post earnings of $0.33 per share for the quarter, up from their prior forecast of $0.31. Seaport Global Securities also issued estimates for Knoll’s Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.56 EPS and FY2019 earnings at $2.05 EPS.
A number of other brokerages also recently weighed in on KNL. Raymond James Financial upgraded Knoll from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $23.00 to $26.00 in a report on Tuesday, December 26th. Zacks Investment Research cut shares of Knoll from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. TheStreet raised shares of Knoll from a “c+” rating to a “b-” rating in a research report on Friday, November 17th. Finally, ValuEngine cut shares of Knoll from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $26.67.
Knoll (NYSE:KNL) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.06). Knoll had a return on equity of 20.51% and a net margin of 7.08%. The business had revenue of $316.10 million for the quarter, compared to analyst estimates of $302.07 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.79%. Knoll’s dividend payout ratio (DPR) is presently 36.81%.
Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Knoll by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,992,197 shares of the business services provider’s stock worth $39,844,000 after purchasing an additional 68,154 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Knoll by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,904,661 shares of the business services provider’s stock worth $38,093,000 after purchasing an additional 58,169 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Knoll by 29.5% during the 3rd quarter. Macquarie Group Ltd. now owns 1,795,464 shares of the business services provider’s stock worth $35,909,000 after purchasing an additional 409,142 shares in the last quarter. State Street Corp boosted its position in shares of Knoll by 5.1% during the 2nd quarter. State Street Corp now owns 917,266 shares of the business services provider’s stock worth $18,386,000 after purchasing an additional 44,520 shares in the last quarter. Finally, Investment Counselors of Maryland LLC boosted its position in shares of Knoll by 2.9% during the 3rd quarter. Investment Counselors of Maryland LLC now owns 810,581 shares of the business services provider’s stock worth $16,212,000 after purchasing an additional 22,706 shares in the last quarter. 90.86% of the stock is currently 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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