Herman Miller (MLHR) earnings: return to growth for furniture solutions?

4:48 pm ET, 26 Jun 2018

Herman Miller, Inc. (MLHR) is expected to report earnings on July 2 after market close. The report will be for the fiscal quarter ending May 2018.  The shares are trading at 34.75, up 1.16%.

What are the MLHR earnings expectations?  What news will the market be watching out for?  

Let us take a quick look at the most recent quarterly earnings.  Herman Miller dropped 20 percent upon Q3 earnings after guidance fell below analyst consensus estimates.  Despite revenue growth of 7 percent, the US furniture solutions segment saw a decline in new orders of 7 percent.

Trump's corporate tax rates and trade policies are likely to be key discussion points in the upcoming quarterly earnings.

Herman Miller Inc. has a mixed history of beating analysts’ earnings estimates.  In the past four quarters, the company: 

  • Beat analyst EPS estimates by 9 cents ($.64 actuals vs. $.55 forecast) in FQ4’17;
  • Missed analyst EPS estimates by 1 cents ($.57 actuals vs. $.58 forecast) in FQ1’18;
  • Missed analyst EPS estimates by 2 cents ($.57 actuals vs. $.59 forecast) in FQ2’18;
  • Beat analyst EPS estimates by 1 cents ($.50 actuals vs. $.49 forecast) in FQ3’18.

For FQ4’18, EPS is expected to decline by 8% year-over-year to $.59, while revenue is expected to grow 4% year-over-year to $601 million. 


Over the last month, Herman Miller, Inc. (MLHR) returned +6.27%.

Herman Miller, Inc. (MLHR) forward P/E ratio is 13.22, which is high compared to its industry peers’ P/E ratios.

Herman Miller, Inc. (MLHR) average analyst price target ($41.00) is 17.99% above its current price ($34.75).

For the latest price and information on Herman Miller, Inc., please visit Finstead and search for "MLHR price" or "MLHR news".

Herman Miller is a mid-cap furniture company that serves both office and home furnishing markets with a variety of products ranging from modular office setups to transportation terminals.

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finny Bites, please send us an email at hi@askfinny.com.

Herman Miller, Inc. (MLHR) Stock Guide

Updated at: 6:50 am ET, 22 Jul 2020

Before we start: if you're looking for MLHR stock price, you can quickly find it out by visiting Finny and typing "MLHR quote". If you're looking for a quick scoop on MLHR stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "MLHR". You'll get all this info in one place. Or you can just type "MLHR news" to get the latest stock news.

Looking to buy or sell Herman Miller, Inc. (MLHR)? Interested in getting the full scoop on MLHR, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this MLHR stock guide, we'll address key questions about MLHR, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Earnings and Dividends: earnings, earnings date, dividend rate and dividend yield;
Analyst Predictions: stock forecast and analyst ratings;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What are MLHR earnings?
2. When is MLHR earnings date?
3. What is MLHR stock forecast (i.e., prediction)?
4. MLHR buy or sell? What is MLHR Finny Score?
5. What are the reasons to buy MLHR? Why should I buy MLHR stock?
6. What are the reasons to sell MLHR? Why should I sell MLHR stock?
7. What are MLHR key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Earnings and Dividends

1. What are MLHR earnings?

MLHR trailing 12-month earnings per share (EPS) is $3.56.

2. When is MLHR earnings date?

MLHR earnings date is September 16, 2020.

Analyst Predictions

3. What is MLHR stock forecast (i.e., prediction)?

Based on MLHR analyst price targets, MLHR stock forecast is $23.00 (for a year from now). That means the average analyst price target for MLHR stock is $23.00. The prediction is based on 4 analyst estimates.

The low price target for MLHR is $23.00, while the high price target is $23.00.

MLHR analyst rating is Buy.

Analysis

4. MLHR buy or sell? What is MLHR Finny Score?

#{finnyScore:60}Our quantitative analysis shows 6 reasons to buy and 4 reasons to sell MLHR, resulting in Finny Score of 60.

5. What are the reasons to buy MLHR? Why should I buy MLHR stock?

Here are the reasons to buy MLHR stock:

  • MLHR quarterly revenue growth was 7.50%, higher than the industry and sector average revenue growth (1.85% and 1.65%, respectively). See MLHR revenue growth chart.
  • MLHR forward P/E ratio is 9.83, which is low compared to its industry peers’ P/E ratios. See MLHR forward P/E ratio chart.
  • MLHR PEG ratio (P/E adjusted for growth) is 0.15, which is low compared to its industry peers’ PEG ratios. See MLHR PEG chart.
  • MLHR average analyst rating is Buy. See MLHR analyst rating chart.
  • MLHR cash to debt ratio is 0.22, higher than the average industry (0.17) and sector (0.12) cash to debt ratio. See MLHR cash to debt chart.
  • MLHR Enterprise Value/EBITDA multiple is 5.79, which is low compared to its industry peers’ Enterprise Value/EBITDA ratios. See MLHR Enterprise Value/EBITDA chart.

6. What are the reasons to sell MLHR? Why should I sell MLHR stock?

Let's look at the reasons to sell MLHR stock (i.e., the bear case):

  • MLHR profitability is declining. The YoY profit margin change was -0.06 percentage points. See MLHR profitability chart.
  • MLHR average analyst price target ($23.00) is below its current price ($23.17). See MLHR price target chart.
  • MLHR short share of float is 4.34%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock. See MLHR short share of float chart.
  • MLHR short interest (days to cover the shorts) ratio is 3.42. The stock garners more short interest than the average industry, sector or S&P 500 stock. See MLHR short interest ratio chart.

Key Stats

7. What are MLHR key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for MLHR:

Metrics MLHR
Price $24.13
Average Price Target / Upside $23.00 / -4.68%
Average Analyst Rating Buy
Forward Dividend Yield 0.00%
Industry Business Equipment
Sector Industrials
Number of Employees 7,681
Market Cap $1.19B
Forward P/E Ratio 9.83
Price/Book Ratio 0.44
Revenue (TTM) $2.68B
YoY Quarterly Revenue Growth 7.50%
Profit Margin 7.85%

If you liked this analysis, check out Stock Guides for other stocks.

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finny Bites, please send us an email at hi@askfinny.com.

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