News coverage about Herman Miller (NASDAQ:MLHR) has been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Herman Miller earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 46.2797717790426 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Herman Miller (NASDAQ:MLHR) opened at 34.60 on Friday. The company has a market cap of $2.07 billion, a PE ratio of 16.88 and a beta of 1.44. Herman Miller has a 12-month low of $26.99 and a 12-month high of $36.45. The company’s 50-day moving average price is $33.44 and its 200-day moving average price is $32.25.
Herman Miller (NASDAQ:MLHR) last posted its quarterly earnings data on Wednesday, July 5th. The business services provider reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.09. The firm had revenue of $577.20 million during the quarter, compared to analyst estimates of $583.53 million. Herman Miller had a net margin of 5.44% and a return on equity of 22.94%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. Equities analysts anticipate that Herman Miller will post $2.27 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Saturday, September 2nd will be paid a $0.18 dividend. This is a positive change from Herman Miller’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, August 30th. This represents a $0.72 annualized dividend and a yield of 2.08%. Herman Miller’s dividend payout ratio (DPR) is 35.12%.
A number of equities analysts recently commented on the company. BidaskClub upgraded Herman Miller from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Zacks Investment Research cut Herman Miller from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 12th. Finally, Sidoti assumed coverage on Herman Miller in a report on Tuesday, June 27th. They set a “buy” rating and a $38.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $38.00.
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In other Herman Miller news, CEO Brian C. Walker sold 56,050 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $33.59, for a total value of $1,882,719.50. Following the completion of the sale, the chief executive officer now owns 164,929 shares in the company, valued at approximately $5,539,965.11. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian C. Walker sold 14,000 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $32.73, for a total transaction of $458,220.00. Following the completion of the sale, the chief executive officer now owns 160,979 shares of the company’s stock, valued at approximately $5,268,842.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 123,535 shares of company stock valued at $4,136,309. Company insiders own 1.91% of the company’s stock.
About Herman Miller
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