DA Davidson Raises Earnings Estimates for Miller Industries

Miller Industries, Inc. (NYSE:MLR) – Equities research analysts at DA Davidson upped their FY2025 earnings per share (EPS) estimates for Miller Industries in a research report issued to clients and investors on Monday, May 12th. DA Davidson analyst M. Shlisky now forecasts that the auto parts company will post earnings per share of $2.95 for the year, up from their previous estimate of $2.94. The consensus estimate for Miller Industries’ current full-year earnings is $5.68 per share.

Miller Industries (NYSE:MLR) last announced its quarterly earnings data on Wednesday, May 7th. The auto parts company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.60 by $0.09. The firm had revenue of $225.65 million during the quarter, compared to analyst estimates of $224.35 million. Miller Industries had a net margin of 5.23% and a return on equity of 18.76%.

Miller Industries Trading Up 0.4%

NYSE MLR opened at $46.11 on Wednesday. Miller Industries has a 12-month low of $37.40 and a 12-month high of $78.25. The company has a fifty day simple moving average of $42.58 and a two-hundred day simple moving average of $58.29. The company has a current ratio of 2.12, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a market cap of $528.37 million, a P/E ratio of 7.65 and a beta of 1.20.

Miller Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.73%. Miller Industries’s dividend payout ratio is currently 16.99%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Royce & Associates LP boosted its holdings in Miller Industries by 29.8% in the fourth quarter. Royce & Associates LP now owns 644,607 shares of the auto parts company’s stock valued at $42,132,000 after purchasing an additional 148,079 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Miller Industries by 24.9% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 443,468 shares of the auto parts company’s stock valued at $18,790,000 after buying an additional 88,365 shares during the period. Systematic Financial Management LP boosted its stake in shares of Miller Industries by 2.0% in the fourth quarter. Systematic Financial Management LP now owns 403,191 shares of the auto parts company’s stock worth $26,353,000 after buying an additional 8,032 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Miller Industries by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 248,555 shares of the auto parts company’s stock worth $16,246,000 after buying an additional 1,511 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Miller Industries by 15.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 178,271 shares of the auto parts company’s stock worth $11,652,000 after acquiring an additional 24,427 shares during the period. 79.24% of the stock is owned by institutional investors and hedge funds.

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.