Herman Miller Inc. opened up 5% on Thursday after an after-hours announcement of results for the end of their fiscal year, which occurred on May 28th, 2016.
The Zeeland, MI based furniture seller reported net sales of $582.6 million in Q4, comparatively higher than the same quarter last year. MLHR also announced earnings per share of $0.56, beating the Zacks Consensus estimate by $0.04.
Furthermore, the firm reported full fiscal year net sales of $2.26B, reflecting a year-over-year increase of 5.7%, as per their press release. Along with this, MLHR announced a 15% increase in its quarterly cash dividend to $0.17 per share, payable on October 2016.
MLHR expects Q1 revenue of $600M-$620M and an EPS of $0.60-$0.64 compared to the Zacks Consensus Estimate of $590.1M in revenue and an EPS of $0.61. The firm has not received any earnings estimate revisions in the last 60 days.
The Zacks Consensus Estimate is currently trending upward, with estimated increases of $0.62 per share in Q2, $2.32 per share in F1, as well as $2.56 per share in F2. The firm has consistently beaten EPS estimates, currently averaging a 12.59% EPS surprise coefficient over the last four quarters.
MLHR currently sits at a Zacks Rank #3 (Hold).
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Herman Miller Inc. opened up 5% on Thursday after an after-hours announcement of results for the end of their fiscal year, which occurred on May 28th, 2016.
The Zeeland, MI based furniture seller reported net sales of $582.6 million in Q4, comparatively higher than the same quarter last year. MLHR also announced earnings per share of $0.56, beating the Zacks Consensus estimate by $0.04.
Furthermore, the firm reported full fiscal year net sales of $2.26B, reflecting a year-over-year increase of 5.7%, as per their press release. Along with this, MLHR announced a 15% increase in its quarterly cash dividend to $0.17 per share, payable on October 2016.
MLHR expects Q1 revenue of $600M-$620M and an EPS of $0.60-$0.64 compared to the Zacks Consensus Estimate of $590.1M in revenue and an EPS of $0.61. The firm has not received any earnings estimate revisions in the last 60 days.
The Zacks Consensus Estimate is currently trending upward, with estimated increases of $0.62 per share in Q2, $2.32 per share in F1, as well as $2.56 per share in F2. The firm has consistently beaten EPS estimates, currently averaging a 12.59% EPS surprise coefficient over the last four quarters.
MLHR currently sits at a Zacks Rank #3 (Hold).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>