Research Analysts Set Expectations for MLR FY2025 Earnings

Miller Industries, Inc. (NYSE:MLR) – Investment analysts at DA Davidson lifted their FY2025 earnings estimates for Miller Industries in a report issued on Monday, November 10th. DA Davidson analyst M. Shlisky now forecasts that the auto parts company will post earnings of $1.72 per share for the year, up from their previous estimate of $1.54. The consensus estimate for Miller Industries’ current full-year earnings is $5.68 per share. DA Davidson also issued estimates for Miller Industries’ FY2026 earnings at $4.12 EPS.

Miller Industries (NYSE:MLR) last released its quarterly earnings data on Wednesday, November 5th. The auto parts company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.02 by $0.25. The business had revenue of $178.67 million during the quarter, compared to analyst estimates of $177.55 million. Miller Industries had a net margin of 4.35% and a return on equity of 10.48%. Miller Industries has set its FY 2025 guidance at EPS.

Several other equities research analysts have also issued reports on the company. Zacks Research raised Miller Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Miller Industries in a research note on Wednesday, October 8th. Finally, Loop Capital set a $46.00 target price on shares of Miller Industries in a report on Monday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.00.

Miller Industries Trading Down 1.1%

MLR opened at $38.11 on Wednesday. The stock has a 50-day moving average of $40.06 and a 200 day moving average of $42.52. The company has a current ratio of 3.32, a quick ratio of 2.19 and a debt-to-equity ratio of 0.13. Miller Industries has a 12 month low of $33.81 and a 12 month high of $78.25. The firm has a market cap of $435.64 million, a P/E ratio of 10.41 and a beta of 1.24.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MLR. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Miller Industries by 24.9% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 443,468 shares of the auto parts company’s stock worth $18,790,000 after purchasing an additional 88,365 shares during the last quarter. Systematic Financial Management LP boosted its holdings in shares of Miller Industries by 0.8% in the 2nd quarter. Systematic Financial Management LP now owns 387,729 shares of the auto parts company’s stock valued at $17,238,000 after buying an additional 3,111 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Miller Industries by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 288,809 shares of the auto parts company’s stock worth $12,842,000 after buying an additional 7,252 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Miller Industries by 64.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 286,984 shares of the auto parts company’s stock worth $12,160,000 after buying an additional 112,925 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Miller Industries by 855.1% during the 1st quarter. Millennium Management LLC now owns 156,930 shares of the auto parts company’s stock worth $6,649,000 after acquiring an additional 140,500 shares in the last quarter. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

Miller Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, December 2nd will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Miller Industries’s dividend payout ratio is currently 30.77%.

About Miller Industries

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.