Herman Miller, Inc. (MLHR) EPS Estimated At $0.58

December 12, 2017 - By Hazel Jackson

 Herman Miller, Inc. (MLHR) EPS Estimated At $0.58
Investors sentiment decreased to 1.29 in Q2 2017. Its down 0.15, from 1.44 in 2017Q1. It dropped, as 20 investors sold Herman Miller, Inc. shares while 64 reduced holdings. 34 funds opened positions while 74 raised stakes. 48.36 million shares or 1.06% less from 48.88 million shares in 2017Q1 were reported.
Ameritas Prns Inc reported 22,832 shares stake. Stevens Cap Management L P holds 41,705 shares. 24,630 were accumulated by State Treasurer State Of Michigan. Creative Planning holds 0% or 1,700 shares in its portfolio. Pnc Ser Gp accumulated 0% or 2,346 shares. Millennium Mgmt Ltd Liability Com holds 0% or 74,292 shares. Plante Moran Ltd Liability holds 7,178 shares. D E Shaw, New York-based fund reported 13,820 shares. Moreover, Weaver C Barksdale And Associates has 0.01% invested in Herman Miller, Inc. (NASDAQ:MLHR) for 383 shares. Cantab Cap Prtnrs Llp invested 0% of its portfolio in Herman Miller, Inc. (NASDAQ:MLHR). Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% stake. 85,000 are owned by Trillium Asset Mgmt Ltd Liability Corp. Johnson Fincl invested 0% of its portfolio in Herman Miller, Inc. (NASDAQ:MLHR). Vantage Invest Advsrs Limited has 0.01% invested in Herman Miller, Inc. (NASDAQ:MLHR). Point72 Asia (Hong Kong) Ltd invested in 0.01% or 216 shares.

Analysts expect Herman Miller, Inc. (NASDAQ:MLHR) to report $0.58 EPS on December, 20.They anticipate $0.04 EPS change or 7.41 % from last quarter’s $0.54 EPS. MLHR’s profit would be $34.67M giving it 15.00 P/E if the $0.58 EPS is correct. After having $0.57 EPS previously, Herman Miller, Inc.’s analysts see 1.75 % EPS growth. The stock increased 1.75% or $0.6 during the last trading session, reaching $34.8. About 377,030 shares traded or 6.11% up from the average. Herman Miller, Inc. (NASDAQ:MLHR) has risen 6.46% since December 12, 2016 and is uptrending. It has underperformed by 10.24% the S&P500.

Herman Miller, Inc. (NASDAQ:MLHR) Ratings Coverage

Among 4 analysts covering Herman Miller (NASDAQ:MLHR), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. Herman Miller had 5 analyst reports since December 18, 2015 according to SRatingsIntel. Sidoti initiated it with “Buy” rating and $3800 target in Tuesday, June 27 report. The stock of Herman Miller, Inc. (NASDAQ:MLHR) earned “Underperform” rating by Raymond James on Tuesday, January 3. The company was initiated on Friday, November 4 by Seaport Global. BB&T Capital downgraded the shares of MLHR in report on Friday, June 24 to “Hold” rating. The rating was downgraded by Raymond James to “Mkt Perform” on Friday, December 18.

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. The company has market cap of $2.08 billion. The firm provides modular systems under the Canvas Office Landscape, Locale, Public Office Landscape, Layout Studio, Action Office, Ethospace, Arras, and Resolve names; seating products under the Embody, Aeron, Mirra2, Setu, Say, Verus, Celle, Equa, Taper, and Ergon names; and storage products under the Meridian and Tu names. It has a 17.4 P/E ratio. It also offers wood casegoods under the Geiger name; freestanding furniture products under the Abak, Intent, Sense, and Envelop names; and healthcare products under the Palisade, Compass, Nala, Ava, and Nemschoff names, as well as provides Thrive portfolio of ergonomic solutions and textiles, and data analytics solutions.

More notable recent Herman Miller, Inc. (NASDAQ:MLHR) news were published by: Prnewswire.com which released: “Herman Miller Schedules Second Quarter Fiscal 2018 Conference Call and Webcast” on December 06, 2017, also Seekingalpha.com with their article: “Another Furniture Maker With 20% Upside: Herman Miller” published on June 28, 2017, Prnewswire.com published: “Herman Miller Introduces a New Digital System, Connecting Furniture to Help …” on June 12, 2017. More interesting news about Herman Miller, Inc. (NASDAQ:MLHR) were released by: Fool.com and their article: “Why Shares of Herman Miller, Inc. Popped 14% Today” published on July 06, 2017 as well as Valuewalk.com‘s news article titled: “Herman Miller, Inc. (MLHR) Earnings Preview” with publication date: September 18, 2017.

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