For its third fiscal quarter (ending February 28), MillerKnoll Inc (NASDAQ: MLKN) has reported E.P.S. of $0.31 compared to $0.01 a year ago. For the latest four quarters through February 28, E.P.S. were $0.98 versus $0.84 for the same period a year ago.
Recent Price Action
On 3/27/24, MillerKnoll Inc (NASDAQ: MLKN) stock increased 1.8%, closing at $30.53. Moreover, above average trading volume at 127% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MLKN is expected to continue to be a Value Builder.
MillerKnoll has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. MillerKnoll has a slightly positive Appreciation Score of 65 and a very high Power Rating of 100, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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