Knoll Inc (KNL) Expected to Post Quarterly Sales of $311.65 Million

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Brokerages expect Knoll Inc (NYSE:KNL) to post $311.65 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Knoll’s earnings, with the lowest sales estimate coming in at $307.20 million and the highest estimate coming in at $316.10 million. Knoll reported sales of $296.60 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The business is scheduled to announce its next quarterly earnings report on Wednesday, April 24th.

According to Zacks, analysts expect that Knoll will report full year sales of $1.37 billion for the current year, with estimates ranging from $1.36 billion to $1.37 billion. For the next year, analysts anticipate that the business will post sales of $1.42 billion, with estimates ranging from $1.42 billion to $1.43 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Knoll.

Knoll (NYSE:KNL) last announced its quarterly earnings data on Wednesday, February 6th. The business services provider reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.04. The firm had revenue of $354.60 million during the quarter, compared to analysts’ expectations of $354.10 million. Knoll had a return on equity of 23.93% and a net margin of 5.62%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 EPS.

Several brokerages have weighed in on KNL. TheStreet raised Knoll from a “c+” rating to a “b” rating in a report on Friday, February 15th. ValuEngine raised Knoll from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research raised Knoll from a “sell” rating to a “hold” rating in a report on Saturday, December 1st. Finally, Sidoti dropped their price objective on Knoll from $31.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 2nd.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Knoll by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,344,814 shares of the business services provider’s stock worth $101,886,000 after buying an additional 71,163 shares during the period. Vanguard Group Inc grew its position in shares of Knoll by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 4,344,814 shares of the business services provider’s stock valued at $101,886,000 after purchasing an additional 71,163 shares during the period. BlackRock Inc. grew its position in shares of Knoll by 3.6% in the 4th quarter. BlackRock Inc. now owns 3,361,988 shares of the business services provider’s stock valued at $55,405,000 after purchasing an additional 117,192 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Knoll by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,178,766 shares of the business services provider’s stock valued at $35,906,000 after purchasing an additional 24,725 shares during the period. Finally, Macquarie Group Ltd. grew its position in shares of Knoll by 0.9% in the 4th quarter. Macquarie Group Ltd. now owns 1,929,234 shares of the business services provider’s stock valued at $31,794,000 after purchasing an additional 16,355 shares during the period. Institutional investors own 89.17% of the company’s stock.

NYSE:KNL traded down $0.69 on Thursday, hitting $18.87. 250,420 shares of the stock were exchanged, compared to its average volume of 207,728. The stock has a market capitalization of $939.01 million, a P/E ratio of 10.20 and a beta of 1.31. Knoll has a 52 week low of $15.72 and a 52 week high of $24.29. The company has a current ratio of 1.22, a quick ratio of 0.59 and a debt-to-equity ratio of 1.15.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.60 annualized dividend and a dividend yield of 3.18%. Knoll’s payout ratio is currently 32.43%.

About Knoll

Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, textiles, fine leathers, and felt for the workplace and residential markets in the United States, Canada, and Europe. The company operates through three segments: Office, Studio, and Coverings.

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