For its first fiscal quarter (ending August 31), MillerKnoll Inc (NASDAQ: MLKN) has reported a -109% decline in E.P.S. from $0.22 a year ago to $-0.02 in the current quarter. For the latest four quarters through August 31, E.P.S. were $0.88 compared to $0.44 a year ago — an increase of 100%.
Recent Price Action
MillerKnoll Inc (NASDAQ: MLKN) stock closed at $27.47 on 9/19/24 after a slight decline of -0.8%. Moreover, trading volume in this decline was exceptionally high at 261% of normal. The stock has risen 4.2% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
MLKN’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
MillerKnoll has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. MillerKnoll has a neutral Power Rating of 53 but a good Appreciation Score of 76, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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