News articles about Knoll (NYSE:KNL) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Knoll earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 47.9038808279873 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Knoll Inc Has Returned 25.6% Since SmarTrend Recommendation (KNL) (mysmartrend.com)
- Knoll, Inc. (KNL) Coverage Initiated at Sidoti (americanbankingnews.com)
- BRIEF-Charles Rayfield named Knoll chief financial officer (KNL) (markets.businessinsider.com)
- Knoll (KNL) Names Charles Rayfield as CFO (streetinsider.com)
- See what the IHS Markit Score report has to say about Knoll Inc. (finance.yahoo.com)
Several brokerages have commented on KNL. Sidoti began coverage on Knoll in a research report on Wednesday. They issued a “buy” rating and a $28.00 price target on the stock. Zacks Investment Research downgraded Knoll from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, ValuEngine lowered Knoll from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.00.
Shares of Knoll (NYSE KNL) traded down 1.15% during mid-day trading on Friday, hitting $18.11. The stock had a trading volume of 379,690 shares. The stock has a market capitalization of $877.76 million, a P/E ratio of 12.50 and a beta of 0.98. The stock has a 50 day moving average of $19.07 and a 200-day moving average of $22.02. Knoll has a 52 week low of $16.57 and a 52 week high of $28.40.
Knoll (NYSE:KNL) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.08. Knoll had a return on equity of 23.40% and a net margin of 6.43%. The company had revenue of $268.70 million for the quarter, compared to the consensus estimate of $284.65 million. During the same quarter last year, the business earned $0.44 EPS. Knoll’s revenue was down 8.8% on a year-over-year basis. On average, equities research analysts predict that Knoll will post $1.38 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Thursday, September 14th. Knoll’s dividend payout ratio is presently 41.38%.
In related news, Director Benjamin A. Pardo sold 2,200 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $19.45, for a total transaction of $42,790.00. Following the sale, the director now owns 23,773 shares of the company’s stock, valued at approximately $462,384.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.90% of the company’s stock.
Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.
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