DA Davidson Issues Pessimistic Forecast for MLR Earnings

Miller Industries, Inc. (NYSE:MLR) – DA Davidson reduced their FY2025 EPS estimates for shares of Miller Industries in a research report issued to clients and investors on Monday, March 10th. DA Davidson analyst M. Shlisky now anticipates that the auto parts company will post earnings per share of $2.94 for the year, down from their previous estimate of $5.94. DA Davidson currently has a “Buy” rating and a $82.00 target price on the stock. The consensus estimate for Miller Industries’ current full-year earnings is $5.68 per share.

Separately, StockNews.com lowered shares of Miller Industries from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th.

Miller Industries Price Performance

MLR stock opened at $46.30 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 2.12. Miller Industries has a 52 week low of $41.38 and a 52 week high of $78.25. The firm’s fifty day moving average is $62.68 and its 200 day moving average is $64.68. The firm has a market cap of $529.60 million, a P/E ratio of 7.68 and a beta of 0.96.

Institutional Investors Weigh In On Miller Industries

A number of large investors have recently modified their holdings of MLR. R Squared Ltd bought a new stake in Miller Industries during the fourth quarter worth about $36,000. CANADA LIFE ASSURANCE Co bought a new stake in Miller Industries during the fourth quarter worth about $85,000. KLP Kapitalforvaltning AS bought a new stake in Miller Industries during the fourth quarter worth about $137,000. LSV Asset Management bought a new stake in Miller Industries during the fourth quarter worth about $176,000. Finally, Aquatic Capital Management LLC lifted its stake in shares of Miller Industries by 75.9% in the fourth quarter. Aquatic Capital Management LLC now owns 2,814 shares of the auto parts company’s stock worth $184,000 after buying an additional 1,214 shares in the last quarter. Institutional investors own 79.24% of the company’s stock.

Miller Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.20 per share. This is a positive change from Miller Industries’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.73%. Miller Industries’s payout ratio is presently 14.57%.

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.