Miller Industries (NYSE:MLR) Announces Quarterly Earnings Results, Misses Expectations By $0.18 EPS

Miller Industries (NYSE:MLR) announced its quarterly earnings results on Wednesday. The auto parts company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.18), Zacks reports. Miller Industries had a net margin of 5.23% and a return on equity of 18.76%. Miller Industries updated its FY 2025 guidance to 2.900-3.200 EPS.

Miller Industries Price Performance

MLR traded up $0.10 during trading on Wednesday, hitting $54.72. The company’s stock had a trading volume of 161,332 shares, compared to its average volume of 82,333. The firm’s 50 day moving average price is $64.46 and its two-hundred day moving average price is $65.11. The company has a quick ratio of 1.46, a current ratio of 2.12 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $625.96 million, a price-to-earnings ratio of 9.07 and a beta of 0.97. Miller Industries has a 12 month low of $44.54 and a 12 month high of $78.25.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MLR shares. StockNews.com lowered shares of Miller Industries from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. DA Davidson reaffirmed a “buy” rating and set a $82.00 price objective on shares of Miller Industries in a research note on Friday, November 15th.

Miller Industries Company Profile

Miller Industries, Inc, together with its subsidiaries, manufactures and sells towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment.