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 28^th, 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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