Media stories about Herman Miller (NASDAQ:MLHR) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Herman Miller earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 77 out of 100, meaning that recent media coverage is likely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Comparing Virco Manufacturing Corporation (VIRC) & Herman Miller (MLHR) (americanbankingnews.com)
- Herman Miller is Oversold (nasdaq.com)
- Head to Head Comparison: Virco Manufacturing Corporation (VIRC) & Herman Miller (MLHR) (americanbankingnews.com)
- Herman Miller, Inc. (MLHR) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
Shares of Herman Miller (NASDAQ:MLHR) traded down 1.67% during midday trading on Friday, hitting $29.40. The stock had a trading volume of 796,940 shares. The stock has a market cap of $1.76 billion, a PE ratio of 13.55 and a beta of 1.40. Herman Miller has a 12 month low of $26.99 and a 12 month high of $36.46. The stock’s 50-day moving average is $32.20 and its 200-day moving average is $31.92.
Herman Miller (NASDAQ:MLHR) last announced its quarterly earnings results on Wednesday, March 22nd. The business services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. The firm had revenue of $524.90 million for the quarter, compared to the consensus estimate of $530.50 million. Herman Miller had a return on equity of 22.73% and a net margin of 5.75%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. Equities analysts anticipate that Herman Miller will post $2.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, July 15th. Stockholders of record on Saturday, June 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Wednesday, May 31st. Herman Miller’s payout ratio is currently 31.34%.
Several equities analysts have weighed in on MLHR shares. Raymond James Financial, Inc. upgraded Herman Miller from an “underperform” rating to a “market perform” rating in a research note on Thursday, March 23rd. Zacks Investment Research raised Herman Miller from a “sell” rating to a “hold” rating in a research report on Wednesday, March 8th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $35.00.
In other news, insider Andrew J. Lock sold 908 shares of the company’s stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $31.50, for a total transaction of $28,602.00. Following the transaction, the insider now directly owns 29,029 shares of the company’s stock, valued at $914,413.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Michael F. Ramirez sold 1,297 shares of the company’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $33.33, for a total value of $43,229.01. Following the transaction, the senior vice president now directly owns 14,966 shares in the company, valued at $498,816.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,107 shares of company stock worth $1,224,525. Corporate insiders own 1.91% of the company’s stock.
Herman Miller Company Profile
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