Miller Industries (NYSE:MLR - Get Free Report) released its quarterly earnings results on Wednesday. The auto parts company reported $0.91 earnings per share for the quarter, missing the consensus estimate 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%. The company had revenue of $221.91 million during the quarter, compared to analyst estimates of $290.30 million. Miller Industries updated its FY 2025 guidance to 2.900-3.200 EPS.
Miller Industries Stock Performance
Shares of NYSE MLR traded up $1.40 during midday trading on Friday, hitting $47.87. 268,148 shares of the company's stock were exchanged, compared to its average volume of 85,040. The company has a quick ratio of 1.46, a current ratio of 2.12 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $547.53 million, a PE ratio of 7.94 and a beta of 0.96. Miller Industries has a 12 month low of $41.38 and a 12 month high of $78.25. The company's 50 day moving average price is $63.43 and its 200 day moving average price is $64.89.
Miller Industries Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Monday, March 17th. This is an increase from Miller Industries's previous quarterly dividend of $0.19. Miller Industries's payout ratio is 13.84%.
Analyst Ratings Changes
MLR has been the subject of a number of research analyst reports. DA Davidson reaffirmed a "buy" rating and issued a $82.00 target price on shares of Miller Industries in a research note on Friday, November 15th. StockNews.com lowered Miller Industries from a "buy" rating to a "hold" rating in a report on Wednesday, November 13th.
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Miller Industries Company Profile
(
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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.
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