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

Miller Industries (NYSE:MLR) released its earnings results on Wednesday. The auto parts company reported $0.91 earnings per share for the quarter, missing the consensus estimate 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 Up 0.2 %

Shares of NYSE MLR traded up $0.10 during midday trading on Wednesday, reaching $54.72. The company’s stock had a trading volume of 161,165 shares, compared to its average volume of 82,333. Miller Industries has a fifty-two week low of $44.54 and a fifty-two week high of $78.25. The stock has a 50 day simple moving average of $64.46 and a 200-day simple moving average of $65.11. The stock has a market capitalization of $625.96 million, a price-to-earnings ratio of 9.07 and a beta of 0.97. The company has a current ratio of 2.12, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. DA Davidson restated a “buy” rating and issued a $82.00 price target on shares of Miller Industries in a report on Friday, November 15th. StockNews.com lowered shares of Miller Industries from a “buy” rating to a “hold” rating in a research note 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.