Gold prices dip as hawkish Fed minutes weigh ahead of Jackson Hole
In a challenging economic climate, MLKN stock has reached a 52-week low, dipping to $17.8 as investors navigate through a period marked by volatility and uncertainty. With a market capitalization of $1.18 billion and a solid dividend yield of 3.9%, the company maintains strong fundamentals. According to InvestingPro analysis, MLKN’s current trading price suggests the stock may be undervalued. This new low underscores a significant shift from the stock’s previous performance, reflecting broader market trends and investor sentiment. Over the past year, Herman Miller (NASDAQ:MLKN), the parent company of MLKN, has seen its stock value decrease by 35.07%, indicating a tough period for the furniture giant as it grapples with various headwinds affecting the industry. Despite these challenges, the company maintains financial stability with a healthy current ratio of 1.67 and has impressively maintained dividend payments for 55 consecutive years. The 52-week low serves as a critical indicator for the company’s stakeholders and potential investors, as they assess Herman Miller’s market position and future prospects. Get deeper insights and access to 8 additional exclusive ProTips for MLKN with an InvestingPro subscription.
In other recent news, MillerKnoll Inc. reported its third-quarter fiscal year 2025 earnings, meeting earnings per share (EPS) expectations but missing revenue forecasts. The company achieved an EPS of $0.44, aligning with analysts’ projections, while revenue reached $876.2 million, falling short of the anticipated $918.88 million. Despite the revenue shortfall, MillerKnoll reported growth in consolidated orders and backlog, with a noted strong performance in its retail segment, particularly in North America. The company faces macroeconomic uncertainties and tariff-related costs, which are estimated to impact the fourth quarter by $5-7 million.
MillerKnoll projects fourth-quarter net sales between $910 million and $950 million, with adjusted EPS expected between $0.46 and $0.52. The company plans to manage potential tariff impacts through strategic pricing and supply chain adjustments. Additionally, the company has undergone a change in its segment reporting structure, aiming to align with its long-term strategies. In the analyst community, MillerKnoll’s stock performance was noted, though specific upgrades or downgrades were not detailed in the recent reports. Despite the challenges, the company remains focused on its growth strategies and cost management efforts.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.