Headlines about Herman Miller (NASDAQ:MLHR) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Herman Miller earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 45.2990124053053 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Herman Miller : Schedules Fourth Quarter Fiscal 2018 Conference Call and Webcast (4-traders.com)
- MLHR Dividend Yield Pushes Above 2% (nasdaq.com)
- Herman Miller Schedules Fourth Quarter Fiscal 2018 Conference Call and Webcast (finance.yahoo.com)
- Design Within Reach Enters the Nashville Market with a New Studio in The Gulch (finance.yahoo.com)
Shares of Herman Miller opened at $36.50 on Thursday, according to MarketBeat. The firm has a market cap of $2.18 billion, a PE ratio of 16.90 and a beta of 1.41. The company has a current ratio of 1.59, a quick ratio of 1.15 and a debt-to-equity ratio of 0.42. Herman Miller has a one year low of $29.25 and a one year high of $41.85.
Herman Miller (NASDAQ:MLHR) last issued its quarterly earnings results on Wednesday, March 21st. The business services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The company had revenue of $578.40 million for the quarter, compared to analyst estimates of $573.30 million. Herman Miller had a return on equity of 22.26% and a net margin of 5.55%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. sell-side analysts anticipate that Herman Miller will post 2.24 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, July 15th. Stockholders of record on Saturday, June 2nd will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, May 31st. Herman Miller’s dividend payout ratio (DPR) is 33.33%.
Several equities research analysts have weighed in on the company. BidaskClub lowered Herman Miller from a “hold” rating to a “sell” rating in a research report on Friday, May 25th. Zacks Investment Research raised Herman Miller from a “sell” rating to a “hold” rating in a research report on Thursday, March 29th. Finally, ValuEngine lowered Herman Miller from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $41.67.
In other news, insider Gregory J. Bylsma sold 17,907 shares of the firm’s stock in a transaction on Friday, May 4th. The stock was sold at an average price of $32.23, for a total transaction of $577,142.61. Following the transaction, the insider now directly owns 60,441 shares of the company’s stock, valued at $1,948,013.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.91% of the stock is currently owned by company insiders.
Herman Miller Company Profile
Herman Miller, Inc engages in the research, design, manufacture, and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, home furnishings, and related services in the United States and internationally. The company provides modular systems under the Canvas Office Landscape, Locale, Public Office Landscape, Layout Studio, Action Office, Ethospace, Arras, and Resolve names; seating products under the Embody, Aeron, Mirra2, Setu, Say, Verus, Celle, Equa, Taper, and Ergon names; and storage products under the Meridian and Tu names.
Receive News & Ratings for Herman Miller Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herman Miller and related companies with MarketBeat.com's FREE daily email newsletter.