$0.57 EPS Expected for Herman Miller, Inc. (MLHR)

August 24, 2017 - By Darrin Black

 $0.57 EPS Expected for Herman Miller, Inc. (MLHR)
Investors sentiment increased to 1.08 in 2016 Q4. Its up 0.22, from 0.86 in 2016Q3. It improved, as 31 investors sold Herman Miller, Inc. shares while 68 reduced holdings. 36 funds opened positions while 71 raised stakes. 47.48 million shares or 2.00% less from 48.45 million shares in 2016Q3 were reported.
Macquarie Ltd holds 0.01% of its portfolio in Herman Miller, Inc. (NASDAQ:MLHR) for 111,500 shares. Arizona State Retirement Systems accumulated 0.01% or 26,845 shares. Prelude Cap Management Limited holds 0% or 324 shares. Alpha Windward Limited Liability has invested 0.32% in Herman Miller, Inc. (NASDAQ:MLHR). Moreover, Livforsakringsbolaget Skandia Omsesidigt has 0.04% invested in Herman Miller, Inc. (NASDAQ:MLHR) for 24,500 shares. Ahl Prns Llp reported 189,392 shares. Oregon Pub Employees Retirement Fund holds 0.01% or 20,687 shares. Hsbc Holdg Public Ltd Liability Corp invested 0.01% in Herman Miller, Inc. (NASDAQ:MLHR). New York-based Amalgamated Savings Bank has invested 0.01% in Herman Miller, Inc. (NASDAQ:MLHR). Gardner Russo & Gardner Ltd Com owns 0.06% invested in Herman Miller, Inc. (NASDAQ:MLHR) for 211,866 shares. Plante Moran Fincl Lc owns 7,178 shares. Rhumbline Advisers owns 136,768 shares. Gsa Cap Prtnrs Llp has invested 0.11% in Herman Miller, Inc. (NASDAQ:MLHR). New York-based Gotham Asset Mgmt Limited Liability has invested 0.01% in Herman Miller, Inc. (NASDAQ:MLHR). Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 1,671 shares.

Since March 30, 2017, it had 0 insider buys, and 3 selling transactions for $669,549 activity. LOCK ANDREW J also sold $28,602 worth of Herman Miller, Inc. (NASDAQ:MLHR) on Thursday, March 30. Goeman Donald D had sold 10,011 shares worth $338,822 on Tuesday, May 2. Watson Bruce Benedict also sold $302,125 worth of Herman Miller, Inc. (NASDAQ:MLHR) shares.

Investors wait Herman Miller, Inc. (NASDAQ:MLHR) to report on September, 20. its quarterly earnings Wall Street analysts expect $0.57 EPS, down $0.03 or 5.00 % from last year’s $0.6 same quarter earnings. This translates into $34.20 million profit for MLHR giving the stock a 14.55 P/E. This is assuming the current $0.57 EPS is accurate. Herman Miller, Inc.’s Wall Street analysts see -10.94 % negative EPS growth, taking into account the $0.64 EPS reproted in the previous quarter, About 97,705 shares traded. Herman Miller, Inc. (NASDAQ:MLHR) has risen 6.46% since August 24, 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. The stock of Herman Miller, Inc. (NASDAQ:MLHR) has “Buy” rating given on Tuesday, June 27 by Sidoti. BB&T Capital downgraded Herman Miller, Inc. (NASDAQ:MLHR) on Friday, June 24 to “Hold” rating. Raymond James downgraded the shares of MLHR in report on Friday, December 18 to “Mkt Perform” rating. On Tuesday, January 3 the stock rating was downgraded by Raymond James to “Underperform”. Seaport Global initiated the shares of MLHR in report on Friday, November 4 with “Neutral” rating.

Herman Miller, Inc. is engaged in the research, design, manufacture, sale and distribution of office furniture systems, seating products, home furnishings and related services, among others. The company has market cap of $1.99 billion.

More news for Herman Miller, Inc. (NASDAQ:MLHR) were recently published by: Gurufocus.com, which released: “Herman Miller Inc (MLHR) Files 10-K for the Fiscal Year Ended on May 31, 2017” on August 01, 2017. Law360.com‘s article titled: “Herman Miller’s Eames Chair Knockoff Award Cut To $6.3M” and published on August 02, 2017 is yet another important article.

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