Miller Industries (NYSE:MLR) Announces Quarterly Earnings Results

Miller Industries (NYSE:MLR) issued its quarterly earnings data 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 Stock Performance

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

Wall Street Analysts Forecast Growth

MLR has been the topic of several research analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $82.00 price target on shares of Miller Industries in a research report on Friday, November 15th. StockNews.com downgraded Miller Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th.

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.