Knoll (KNL) Receiving Somewhat Positive Media Coverage, Analysis Shows

Media coverage about Knoll (NYSE:KNL) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Knoll earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 70 out of 100, meaning that recent press coverage is likely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern Sentiment’s rankings:

A number of research firms have issued reports on KNL. Zacks Investment Research raised shares of Knoll from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Wednesday, June 21st. ValuEngine lowered shares of Knoll from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.

Shares of Knoll (NYSE KNL) opened at 19.59 on Tuesday. The firm’s 50-day moving average is $21.57 and its 200 day moving average is $24.04. Knoll has a 52 week low of $19.25 and a 52 week high of $28.40. The firm has a market cap of $949.47 million, a PE ratio of 12.03 and a beta of 1.00.

Knoll (NYSE:KNL) last released its quarterly earnings results on Monday, April 24th. The business services provider reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. Knoll had a return on equity of 26.34% and a net margin of 7.02%. The firm had revenue of $256.80 million during the quarter, compared to analysts’ expectations of $252.95 million. During the same period last year, the firm posted $0.36 EPS. The business’s revenue was down 9.8% on a year-over-year basis. Equities research analysts forecast that Knoll will post $1.65 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were given a $0.15 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $0.60 dividend on an annualized basis and a yield of 3.06%. Knoll’s payout ratio is 36.81%.

In other news, insider Andrew B. Cogan sold 17,000 shares of the firm’s stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $23.19, for a total value of $394,230.00. Following the transaction, the insider now directly owns 595,698 shares in the company, valued at approximately $13,814,236.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by company insiders.

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Knoll Company Profile

Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.

Insider Buying and Selling by Quarter for Knoll (NYSE:KNL)

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