Miller Industries (MLR) Earning Somewhat Critical News Coverage, Analysis Finds
News coverage about Miller Industries (NYSE:MLR) has trended somewhat negative on Friday, Accern reports. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Miller Industries earned a coverage optimism score of -0.01 on Accern’s scale. Accern also assigned press coverage about the auto parts company an impact score of 47.6502263117009 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Miller Industries (NYSE:MLR) opened at $27.40 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.25 and a quick ratio of 1.64. The company has a market capitalization of $311.77, a price-to-earnings ratio of 17.23 and a beta of 0.59. Miller Industries has a 12 month low of $22.80 and a 12 month high of $29.00.
Miller Industries (NYSE:MLR) last issued its earnings results on Wednesday, November 8th. The auto parts company reported $0.39 EPS for the quarter. The business had revenue of $153.36 million during the quarter. Miller Industries had a return on equity of 9.58% and a net margin of 3.01%.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, December 4th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.63%. Miller Industries’s payout ratio is 45.28%.
Separately, BidaskClub lowered Miller Industries from a “hold” rating to a “sell” rating in a report on Friday, July 28th.
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In related news, Director A Russell Chandler III sold 1,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $25.15, for a total value of $25,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.09% of the company’s stock.
Miller Industries Company Profile
Miller Industries, Inc is a manufacturer of towing and recovery equipment. The Company manufactures the bodies of wreckers and car carriers, which are installed on truck chassis manufactured by third parties. It has domestic manufacturing operations in Tennessee and Pennsylvania, and foreign manufacturing operations in France and the United Kingdom.
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