Herman Miller (MLHR) Given News Sentiment Rating of 0.13
Media stories about Herman Miller (NASDAQ:MLHR) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Herman Miller earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 46.0982027065429 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Why Herman Miller (MLHR) Stock Might be a Great Pick (finance.yahoo.com)
- Herman Miller, Inc. (MLHR) SVP Sells $384,802.86 in Stock (americanbankingnews.com)
- Herman Miller, Inc. (MLHR) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Herman Miller, Inc. (MLHR) EVP Michael F. Ramirez Sells 4,091 Shares (americanbankingnews.com)
- Herman Miller, Inc. (MLHR) SVP Sells $186,552.05 in Stock (americanbankingnews.com)
A number of brokerages recently issued reports on MLHR. Zacks Investment Research downgraded Herman Miller from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded Herman Miller from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. BidaskClub upgraded Herman Miller from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Finally, Sidoti began coverage on Herman Miller in a report on Tuesday, June 27th. They set a “buy” rating and a $38.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $38.00.
Shares of Herman Miller (NASDAQ:MLHR) traded up 0.70% on Thursday, reaching $36.00. The company had a trading volume of 24,580 shares. The stock’s 50 day moving average is $34.14 and its 200 day moving average is $32.69. Herman Miller has a 52 week low of $26.99 and a 52 week high of $37.00. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 18.00 and a beta of 1.46.
Herman Miller (NASDAQ:MLHR) last posted its quarterly earnings results on Thursday, September 21st. The business services provider reported $0.57 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. Herman Miller had a net margin of 5.34% and a return on equity of 22.02%. The firm had revenue of $580.30 million during the quarter, compared to the consensus estimate of $578.27 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The company’s revenue was down 3.1% on a year-over-year basis. On average, equities analysts anticipate that Herman Miller will post $2.27 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Saturday, September 2nd will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Wednesday, August 30th. This is an increase from Herman Miller’s previous quarterly dividend of $0.17. Herman Miller’s payout ratio is currently 36.00%.
In other news, SVP Stephen C. Gane sold 10,686 shares of Herman Miller stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $36.01, for a total transaction of $384,802.86. Following the completion of the sale, the senior vice president now owns 21,985 shares of the company’s stock, valued at $791,679.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Hezron T. Lopez sold 2,312 shares of Herman Miller stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $33.96, for a total transaction of $78,515.52. The disclosure for this sale can be found here. Insiders have sold 181,942 shares of company stock valued at $6,163,421 in the last ninety days. Insiders own 1.91% of the company’s stock.
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About Herman Miller
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