Miller Industries (MLR) Stock Price, News & Analysis

Company Overview

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. It also provides transport trailers for moving various vehicles for auto auctions, car dealerships, leasing companies, and other similar operations. The company markets its products under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige, and Boniface brands. Miller Industries, Inc. sells its products through independent distributors in North America, and Canada, Mexico; and through prime contractors to governmental entities. Miller Industries, Inc. was incorporated in 1990 and is headquartered in Ooltewah, Tennessee.

Key Stats

• Today's Range: $66.66 to $67.67
• 50-Day Range: $57.81 to $76.87
• 52-Week Range: $38.33 to $78.25
• Volume: 25,712 shs
• Average Volume: 76,343 shs
• Market Capitalization: $769.23 million
• P/E Ratio: 11.15
• Dividend Yield: 1.13%
• Price Target: $82.00
• Consensus Rating: Buy

Miller Industries Stock Analysis - MarketRank™

Miller Industries scored higher than 66% of companies evaluated by MarketBeat, and ranked 38th out of 90 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Miller Industries has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Miller Industries has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 4.58%

Earnings Growth

Earnings for Miller Industries are expected to grow by 4.58% in the coming year, from $5.68 to $5.94 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Miller Industries is 11.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.15.

Price to Earnings Ratio vs. Sector

The P/E ratio of Miller Industries is 11.15, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 11.81.

Price to Book Value per Share Ratio

Miller Industries has a P/B Ratio of 1.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.84% of the float of Miller Industries has been sold short.

Short Interest Ratio / Days to Cover

Miller Industries has a short interest ratio ("days to cover") of 6.3.

Change versus previous month

Short interest in Miller Industries has recently increased by 3.63%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Miller Industries pays a meaningful dividend of 1.12%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Miller Industries does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Miller Industries is 12.60%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Miller Industries will have a dividend payout ratio of 12.79% next year. This indicates that Miller Industries will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.84% of the float of Miller Industries has been sold short.

Short Interest Ratio / Days to Cover

Miller Industries has a short interest ratio ("days to cover") of 6.3.

Change versus previous month

Short interest in Miller Industries has recently increased by 3.63%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.80

News Sentiment

Miller Industries has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for Miller Industries this week, compared to 2 articles on an average week.

Search Interest

Only 1 people have searched for MLR on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

2 people have added Miller Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Miller Industries insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 4.20% of the stock of Miller Industries is held by insiders.

Percentage Held by Institutions

79.24% of the stock of Miller Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MLR Stock Analysis - Frequently Asked Questions

How have MLR shares performed this year?

Miller Industries' stock was trading at $42.29 on January 1st, 2024. Since then, MLR stock has increased by 59.0% and is now trading at $67.24.
View the best growth stocks for 2024 here.

How were Miller Industries' earnings last quarter?

Miller Industries, Inc. (NYSE:MLR) issued its earnings results on Tuesday, November, 12th. The auto parts company reported $1.33 EPS for the quarter, hitting analysts' consensus estimates of $1.33. The auto parts company earned $314.27 million during the quarter. Miller Industries had a net margin of 5.23% and a trailing twelve-month return on equity of 18.76%.

Who are Miller Industries' major shareholders?

Miller Industries' top institutional shareholders include FMR LLC (6.70%), Thrivent Financial for Lutherans (4.46%), Royce & Associates LP (4.34%) and Systematic Financial Management LP (3.45%).
View institutional ownership trends.

How do I buy shares of Miller Industries?

Shares of MLR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Miller Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Miller Industries investors own include SPDR S&P 500 ETF Trust (SPY), Dell Technologies (DELL), VF (VFC), Vanguard S&P 500 ETF (VOO), Walmart (WMT), NVIDIA (NVDA) and Meta Platforms (META).

Company Calendar

• Ex-Dividend for 9/16 Dividend: 9/09/2024
• Dividend Payable: 9/16/2024
• Last Earnings: 11/12/2024
• Today: 11/21/2024
• Ex-Dividend for 12/9 Dividend: 12/02/2024
• Dividend Payable: 12/09/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/05/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Auto/Tires/Trucks
• Industry: Truck & bus bodies
• Sub-Industry: Construction & Farm Machinery & Heavy Trucks
• Current Symbol: NYSE:MLR
• CUSIP: 60055120
• CIK: 924822
• Web: www.millerind.com
• Phone: (423) 238-4171
• Fax: 423-238-5371
• Employees: 1,821
• Year Founded: 1994

Price Target and Rating

• Average Stock Price Target: $82.00
• High Stock Price Target: $82.00
• Low Stock Price Target: $82.00
• Potential Upside/Downside: +22.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $6.03
• Trailing P/E Ratio: 11.08
• Forward P/E Ratio: 11.77
• P/E Growth: N/A
• Net Income: $58.29 million
• Net Margins: 5.23%
• Pretax Margin: 6.64%
• Return on Equity: 18.76%
• Return on Assets: 9.79%

Debt

• Debt-to-Equity Ratio: 0.16
• Current Ratio: 2.12
• Quick Ratio: 1.46

Sales & Book Value

• Annual Sales: $1.15 billion
• Price / Sales: 0.66
• Cash Flow: $6.14 per share
• Price / Cash Flow: 10.88
• Book Value: $34.55 per share
• Price / Book: 1.93

Miscellaneous

• Outstanding Shares: 11,440,000
• Free Float: 10,959,000
• Market Cap: $764.54 million
• Optionable: Optionable
• Beta: 0.94