This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Why Herman Miller (MLHR) Is Gaining After Hours

NEW YORK (TheStreet) -- Herman Miller (MLHR - Get Report) is spiking in extended trading after guiding for better-than-expected sales and earnings in the current quarter.

After the bell, shares had added 5.2% to $30.20.

The office furniture distributor said it expects net sales for its fourth quarter ending May between $485 million and $505 million and net income of 43 cents to 47 cents a share.

Analysts surveyed by Thomson Reuters had expected earnings of 43 cents a share and sales of $487.53 million.

Must Read: Why Jabil Circuit (JBL) Is Gaining In After-Hours Trading

"The strength and consistency of demand this quarter was matched by progress in the advancement of our strategic agenda. We still have a great deal of work to do, but our performance this quarter shows that we are delivering on our commitments and making meaningful progress toward our vision of diversified, global growth," CEO Brian Walker said in a statement.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

In its third quarter, the Zeeland, Mich.-based business reported net sales of $455.9 million, a 7.7% year-over-year increase, and net income of 34 cents a share.

Analysts had forecast sales of $457.6 million and net income of 34 cents a share.

TheStreet Ratings team rates MILLER (HERMAN) INC as a Hold with a ratings score of C. The team has this to say about their recommendation:

"We rate MILLER (HERMAN) INC (MLHR) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
MLHR $32.14 0.00%
AAPL $117.81 0.00%
FB $105.45 0.00%
GOOG $750.26 0.00%
TSLA $231.61 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs