$0.48 EPS Expected for Knoll Inc (KNL) This Quarter

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Equities analysts expect Knoll Inc (NYSE:KNL) to announce $0.48 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Knoll’s earnings. The lowest EPS estimate is $0.47 and the highest is $0.49. Knoll posted earnings per share of $0.39 in the same quarter last year, which suggests a positive year-over-year growth rate of 23.1%. The firm is expected to issue its next earnings results on Monday, October 22nd.

On average, analysts expect that Knoll will report full year earnings of $1.81 per share for the current financial year, with EPS estimates ranging from $1.80 to $1.81. For the next year, analysts expect that the firm will report earnings of $2.03 per share, with EPS estimates ranging from $2.00 to $2.06. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Knoll.

Knoll (NYSE:KNL) last announced its quarterly earnings results on Monday, July 30th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $323.40 million for the quarter, compared to analyst estimates of $307.70 million. Knoll had a net margin of 6.54% and a return on equity of 20.90%. The company’s revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS.

A number of equities research analysts have issued reports on KNL shares. ValuEngine raised shares of Knoll from a “sell” rating to a “hold” rating in a report on Saturday, June 16th. Zacks Investment Research raised shares of Knoll from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Wednesday, June 27th.

In other news, Director Kathleen G. Bradley sold 12,481 shares of Knoll stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $23.37, for a total transaction of $291,680.97. Following the sale, the director now owns 120,523 shares of the company’s stock, valued at approximately $2,816,622.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Andrew B. Cogan sold 18,000 shares of Knoll stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $23.00, for a total transaction of $414,000.00. Following the sale, the chairman now directly owns 520,613 shares in the company, valued at approximately $11,974,099. The disclosure for this sale can be found here. Insiders have sold a total of 44,835 shares of company stock worth $1,040,175 in the last ninety days. Insiders own 1.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Sun Life Financial INC bought a new stake in Knoll during the second quarter worth about $143,000. Xact Kapitalforvaltning AB boosted its stake in Knoll by 29.6% during the first quarter. Xact Kapitalforvaltning AB now owns 11,381 shares of the business services provider’s stock worth $230,000 after acquiring an additional 2,600 shares in the last quarter. Engineers Gate Manager LP bought a new stake in Knoll during the second quarter worth about $269,000. Greenwich Wealth Management LLC boosted its stake in Knoll by 16.3% during the second quarter. Greenwich Wealth Management LLC now owns 19,984 shares of the business services provider’s stock worth $416,000 after acquiring an additional 2,801 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in Knoll by 118.9% during the first quarter. Citigroup Inc. now owns 25,127 shares of the business services provider’s stock worth $507,000 after acquiring an additional 13,648 shares in the last quarter. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

Knoll stock traded down $0.37 during trading hours on Monday, reaching $21.34. The stock had a trading volume of 387,630 shares, compared to its average volume of 218,420. The firm has a market cap of $1.16 billion, a PE ratio of 15.46 and a beta of 0.87. Knoll has a 52 week low of $18.91 and a 52 week high of $24.29. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 1.28.

The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Thursday, September 13th. Knoll’s payout ratio is 43.48%.

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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