Past 3 Quarter Report of Herman Miller Inc. (NASDAQ:MLHR)

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earning reaction history

Herman Miller Inc. (NASDAQ:MLHR) moved down -1.79% and closed its last trading session at $30.15. This Business Services Sector stock currently has the Market Capitalization of 1.81 Billion. The Average Volume for the stock is measured as 367.99 Million. The Stock has a 52-Week High of $36.46 and 52-Week Low of $26.99 following the dates, it touched its 52-Week High on Aug 26, 2016 and 52-Week Low on Oct 14, 2016. Currently, the Return on Assets value for the trailing twelve months is 11.1% with the Return on Equity and Return on Investment of 25.6% and 20.4% respectively. This firm currently has YTD (year to date) performance of -11.34 Percent which is not good. The Short Ratio for the stock is 3.52.

Herman Miller Inc. (NASDAQ:MLHR) Price to Earnings (P/E) ratio is 13.38. EPS or Earning per Share stands at $2.25. The TTM operating margin is 9 percent.

Herman Miller Inc. (NASDAQ:MLHR) reports its Earnings on Wed 22 Mar (In 3 Days). The estimated EPS for the current quarter is said to be $0.33. Following Earnings result, share price were UP 15 times out of last 27 Qtrs. The stock has reduced about -15.1% since it reported its last earnings. The Closing price of Herman Miller Inc. (NASDAQ:MLHR) at Last Earnings was $35.5 as compared to the previous closing price of $30.7. The Predicted Move on the 7th day after Herman Miller Inc. (NASDAQ:MLHR) will release its earnings at about 6%.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Herman Miller Inc. (NASDAQ:MLHR) beats earnings by 66%, The Stock Missed Earnings  2  times and has met earnings  2  times.

Earnings History:

We will discuss the past Quarters Earnings below:

Herman Miller Inc. (NASDAQ:MLHR) reported its previous quarter on 12/21/2016 where it reported the Actual Earnings of $0.54. The Closing price before the company posted its earnings was $35.5. The Stock declined on the very next day of earnings and maintained its stock price at $34.35 by showing a % change of -3.24 percent from its previous closing price. The Next Day Volume after Earnings was reported as 892418. On the 7th day After Earnings Report, the stock hit its share price as $34 by showing -4.23% decrease from the Stock price Before Earnings were reported.

On 09/21/2016, the stock reported the EPS of $0.6 where Analysts were projecting the EPS to be $0.62 showing a difference of $-0.02. Thus Surprise Factor was there with -3.2 percent. Before Earnings Announcement on 09/21/2016, the firm had its stock price of $31.98. And immediately on the next day after earnings announcement, the stock declined -4.82% and closed its trading session at $30.44. On 7th Day after earnings release, Herman Miller Inc. (NASDAQ:MLHR) dropped to -10.19% from $31.98 to $28.72.

On 06/22/2016, Analysts were suspecting EPS of $0.52/share where Herman Miller Inc. (NASDAQ:MLHR) reported its Actual EPS of $0.67. Thus showing a Surprise of 28.8 percent. The Closing Price of the stock before earnings was $30.9 while on the Next day the stock closed its trading session at $32.17 with a percentage change of 4.11% from the price of 30.9 before Earnings. The Stock Closing Price on the 7th day of earnings was $28.85.

Company Profile:

Herman Miller, Inc. engages in the research, design, manufacture, and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, home furnishings, and related services in the United States and internationally. It provides modular systems under the Canvas Office Landscape, Locale, Metaform Portfolio, Public Office Landscape, Action Office, Layout Studio, Arras, Ethospace, and Resolve names; seating products under the Embody, Aeron, Mirra2, Setu, Sayl, Celle, Equa, and Ergon names; and storage products under the Meridian and Tu names. The company also offers wooden casegoods under the Geiger name; freestanding furniture products under the Abak, Intent, Sense, and Envelop names; and healthcare products under the Palisade, Compass, Nala, and Nemschoff names, as well as provides Thrive portfolio of ergonomic solutions and textiles. In addition, it provides products for residential settings under the Eames, Nelson, Bubble, Airia, Ardea, Bumper, Burdick Group, Everywhere, Claw, Caper, Distil, Envelope, Formwork, Full Round, H Frame, I Beam, Landmark, Logic Mini, Logic Power Access Solutions, Renew, Rolled Arm, Scissor, Sled, Soft Pad, Swoop, Tone, Twist, Ward Bennett, and Wireframe names. The company’s products are used in institutional environments, including offices and related conference, lobby, and lounge areas, as well as general public areas, such as transportation terminals; health/science environments comprising hospitals, clinics, and other healthcare facilities; industrial and educational settings; and residential and other environments. It markets its products through its sales staff, own dealer network, independent dealers and retailers, and independent contract office furniture dealers, as well as through e-commerce Website. Herman Miller, Inc. was founded in 1905 and is headquartered in Zeeland, Michigan.