$MillerKnoll (MLKN.US)$ Driven by the mission to design and make the world's best products in the most sustainable way, MillerKnoll's sustainability strategy focuses on three key areas: Carbon: Design the lowest carbon footprint products and commit to achieving net-zero carbon emissions by 2050.1 Materials: Use sustainable, 100% bio-based or recycled materials by 2050. Circularity: Create timeless, durable produ...
$MillerKnoll (MLKN.US)$sank more than 10% after hours Wednesday after the furniture maker beat on fiscal Q2 earnings and revenues, but issued poorly received fiscal Q3 guidance. MLKN fell 10.3% to trade at $21.83 shortly before 4:30 p.m. ET after guiding fiscal Q3 adjusted earnings per share to $0.41-$0.47 – worse than the $0.53 that analysts' consensus had reportedly been calling for. The company also guided earnings per...
Check out the stocks making headlines in extended trading: $Restoration Hardware (RH.US)$ — Shares of luxury home furnishings retailer RH jumped 7% after the company said it expects its demand trends to accelerate throughout fiscal year 2024, even as it foresees business conditions to "remain challenging" until interest rates ease and the housing market bounces back. RH missed earnings and revenue expectations for the fourth quarter, however, and guided...
The insider transactions over the last year are seen as encouraging, suggesting that MillerKnoll insiders are not doubting the company. However, there have been no recent insider transactions.
Investors justify MillerKnoll's high P/E ratio with expectations of strong future growth. Shareholders' confidence in the company's future earnings contributes to their comfort with the P/E ratio.
MillerKnoll's declining ROCE and sales, coupled with increased capital employment, are worrisome trends. These factors have contributed to a 15% drop in the company's stock over the past five years. The company's efficiency in generating ROCE may be compromised as it now funds more of its operations with its own capital.
Despite a drop in the company's earnings and revenue over the last year, the market has been bidding up the stock. This suggests that investors may be focusing on factors other than earnings growth.
The significant increase in insider holdings at MillerKnoll, Inc. is seen as an encouraging sign as it indicates optimism about the company's prospects. Despite this increase, there has not been any insider transactions in the last three months.
MillerKnoll's undervaluation and positive future outlook present a potential opportunity for investors. Other factors, like the company's financial health and management track record, should also inform decisions.
MillerKnoll Stock Forum
Driven by the mission to design and make the world's best products in the most sustainable way, MillerKnoll's sustainability strategy focuses on three key areas:
Carbon: Design the lowest carbon footprint products and commit to achieving net-zero carbon emissions by 2050.1
Materials: Use sustainable, 100% bio-based or recycled materials by 2050.
Circularity: Create timeless, durable produ...
MLKN fell 10.3% to trade at $21.83 shortly before 4:30 p.m. ET after guiding fiscal Q3 adjusted earnings per share to $0.41-$0.47 – worse than the $0.53 that analysts' consensus had reportedly been calling for.
The company also guided earnings per...
$Restoration Hardware (RH.US)$
— Shares of luxury home furnishings retailer RH
jumped 7% after the company said it expects its demand trends to accelerate throughout fiscal year 2024, even as it foresees business conditions to "remain challenging" until interest rates ease and the housing market bounces back. RH missed earnings and revenue expectations for the fourth quarter, however, and guided...
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