Media coverage about Herman Miller (NASDAQ:MLHR) has trended somewhat positive on Friday, AlphaOne Sentiment Analysis reports. AlphaOne, a service of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Herman Miller earned a media sentiment score of 0.25 on AlphaOne’s scale. AlphaOne also assigned news coverage about the business services provider an impact score of 49 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted AlphaOne’s analysis:
- Durant’s decision validated by title and Finals MVP (cote-ivoire.com)
- NBA Finals On ABC: Most-Watched Since 1998 (eleganthomesinla.com)
- (MLHR) Shares now up at $32.53 Herman Miller Introduces a New Digital… (fidaily.com)
- Herman Miller, Inc. breached its 50 day moving average in a Bearish Manner : MLHR-US : June 12, 2017 (finance.yahoo.com)
- Herman Miller Introduces a New Digital System, Connecting Furniture to Help Organizations Improve Workplace Strategy and Employee Wellbeing (finance.yahoo.com)
Shares of Herman Miller (NASDAQ MLHR) traded down 0.96% on Friday, reaching $30.95. The company had a trading volume of 547,876 shares. Herman Miller has a 12 month low of $26.99 and a 12 month high of $36.46. The firm’s 50 day moving average is $32.33 and its 200 day moving average is $31.96. The firm has a market capitalization of $1.85 billion, a PE ratio of 14.26 and a beta of 1.40.
Herman Miller (NASDAQ:MLHR) last issued its 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 business had revenue of $524.90 million for the quarter, compared to analyst estimates of $530.50 million. Herman Miller had a net margin of 5.75% and a return on equity of 22.73%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 EPS. On average, equities research analysts expect that Herman Miller will post $2.08 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, July 15th. Stockholders of record on Saturday, June 3rd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.20%. Herman Miller’s dividend payout ratio (DPR) is presently 31.34%.
Several research firms have recently commented on MLHR. Zacks Investment Research lowered Herman Miller from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Raymond James Financial, Inc. raised Herman Miller from an “underperform” rating to a “market perform” rating in a research report on Thursday, March 23rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $35.00.
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In other news, insider Andrew J. Lock sold 908 shares of the company’s stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $31.50, for a total value of $28,602.00. Following the sale, the insider now owns 29,029 shares in the company, valued at approximately $914,413.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Michael F. Ramirez sold 1,297 shares of the company’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $33.33, for a total transaction of $43,229.01. Following the completion of the sale, the senior vice president now owns 14,966 shares in the company, valued at approximately $498,816.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,107 shares of company stock worth $1,224,525. Company insiders own 1.91% of the company’s stock.
About Herman Miller
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