Miller Industries (NYSE:MLR) Announces Quarterly Earnings Results

Miller Industries (NYSE:MLR) released its earnings results on Wednesday. The auto parts company reported $0.91 earnings per share (EPS) 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

Shares of NYSE:MLR traded up $0.10 during trading on Wednesday, reaching $54.72. The stock had a trading volume of 161,165 shares, compared to its average volume of 82,333. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.12 and a quick ratio of 1.46. The stock has a market capitalization of $625.96 million, a PE ratio of 9.07 and a beta of 0.97. The business’s 50-day moving average price is $64.46 and its 200 day moving average price is $65.11. Miller Industries has a 52 week low of $44.54 and a 52 week high of $78.25.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. DA Davidson restated a “buy” rating and set 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 report on Wednesday, November 13th.

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.