Herman Miller – Revenues on rise

Herman Miller, Inc. (NASDAQ:MLHR). Last Market Price: 16.15, Change: +0.01, % Change: (0.06%). Shares trade in the range of 16.07 – 17.71 dollars. It has a market capitalization of 938.87M dollars, making it a Small Cap Stock and has 58.13M outstanding shares. The company has a beta of 1.1, indicating, the stock to be more volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 1.06; P/E of 15.17. It operates in Consumer Cyclical sector and belongs to Furniture and Fixtures industry. Percentage shares held by institutional investors is 82%. The company has a 52 week high of $ 28.94 and a 52 week low of $ 16.07. Average volumes of shares traded daily are 443,792. Volume traded in the last session was at 707,362, 1.59 times the average volume.

• Reports Q1 (Aug) EPS  $0.42 better than street estimates
• Revenues rose 20.3% year on year to $458.1 million

For Q2 (May ’11), It had a Net profit margin of 3.87%, an Operating margin of 7.16%. Other Key stats and ratios are : Return on average assets of 8.23%, Return on average equity of 39.50%. The organization has an employee strength of 5,616

Consensus Recommendation is a Outperform.

Estimate for sales for the Quarter Ending Nov-11 show a mean of 458.63 million dollars, an estimate high of 460.60 million dollars and an estimate low of 455.30 million dollars. A year ago the figures stood at 411.00 million dollars.

Estimate for sales for the Quarter Ending Feb-12 show a mean of 447.17 million dollars, an estimate high of 457.00 million dollars and an estimate low of 439.10 million dollars. A year ago the figures stood at 382.40 million dollars.

Estimate for EPS for the Quarter Ending Nov-11 show a mean of 0.38 dollars, an estimate high of 0.39 dollars and an estimate low of 0.38 dollars. A year ago the figures stood at 0.38 dollars.

Estimate for EPS for the Quarter Ending Feb-12 show a mean of 0.35 dollars, an estimate high of 0.38 dollars and an estimate low of 0.31 dollars. A year ago the figures stood at 0.31 dollars.

Sales for Quarter Ending Aug-11 was estimated at 444.70 million dollars, however the actual sales figure stood at 458.10 million dollars, 13.4 million dollars more than estimates.

Sales for Quarter Ending May-11 was estimated at 417.98 million dollars, however the actual sales figure stood at 441.50 million dollars, 23.52 million dollars more than estimates.

Post Written By: Ed Liston Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.