Knoll (KNL) Issues Quarterly Earnings Results

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Knoll (NYSE:KNL) posted its quarterly earnings data on Monday. The business services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01, MarketWatch Earnings reports. The firm had revenue of $327.70 million for the quarter, compared to analysts’ expectations of $327.67 million. Knoll had a return on equity of 20.90% and a net margin of 6.54%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 EPS.

KNL stock traded up $0.70 during trading hours on Tuesday, hitting $20.19. 6,406 shares of the stock were exchanged, compared to its average volume of 200,059. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.30 and a quick ratio of 0.61. The stock has a market capitalization of $973.33 million, a price-to-earnings ratio of 14.12 and a beta of 0.87. Knoll has a 12 month low of $18.91 and a 12 month high of $24.29.

In other Knoll news, Chairman Andrew B. Cogan sold 18,000 shares of the stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $23.00, for a total transaction of $414,000.00. Following the transaction, the chairman now owns 520,613 shares in the company, valued at approximately $11,974,099. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Roxanne B. Klein sold 1,835 shares of the stock in a transaction on Monday, August 20th. The stock was sold at an average price of $22.90, for a total value of $42,021.50. Following the transaction, the senior vice president now owns 16,592 shares in the company, valued at approximately $379,956.80. 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 quarter. Company insiders own 1.90% of the company’s stock.

Separately, Zacks Investment Research cut Knoll from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd.

Knoll Company Profile

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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Earnings History for Knoll (NYSE:KNL)

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