DA Davidson Expects Reduced Earnings for Miller Industries

Miller Industries, Inc. (NYSE:MLR) – Investment analysts at DA Davidson dropped their FY2025 earnings per share (EPS) estimates for shares of Miller Industries in a report released 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 has a “Buy” rating and a $82.00 price objective on the stock. The consensus estimate for Miller Industries’ current full-year earnings is $5.68 per share.

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

Miller Industries Price Performance

Shares of MLR opened at $45.62 on Wednesday. The business’s 50-day moving average is $62.29 and its two-hundred day moving average is $64.55. The company has a market capitalization of $521.85 million, a P/E ratio of 7.57 and a beta of 0.96. 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 fifty-two week low of $41.38 and a fifty-two week high of $78.25.

Miller Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 17th. This is a boost from Miller Industries’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.75%. Miller Industries’s dividend payout ratio (DPR) is 14.57%.

Institutional Investors Weigh In On Miller Industries

Several institutional investors have recently bought and sold shares of the company. Sovereign s Capital Management LLC acquired a new stake in Miller Industries in the 4th quarter worth about $1,132,000. Squarepoint Ops LLC lifted its stake in Miller Industries by 11.8% in the 4th quarter. Squarepoint Ops LLC now owns 21,534 shares of the auto parts company’s stock worth $1,407,000 after purchasing an additional 2,273 shares in the last quarter. Two Sigma Advisers LP lifted its stake in Miller Industries by 79.7% in the 4th quarter. Two Sigma Advisers LP now owns 12,400 shares of the auto parts company’s stock worth $810,000 after purchasing an additional 5,500 shares in the last quarter. Two Sigma Investments LP lifted its stake in Miller Industries by 186.9% in the 4th quarter. Two Sigma Investments LP now owns 13,340 shares of the auto parts company’s stock worth $872,000 after purchasing an additional 8,691 shares in the last quarter. Finally, Systematic Financial Management LP lifted its stake in Miller Industries by 2.0% in the 4th quarter. Systematic Financial Management LP now owns 403,191 shares of the auto parts company’s stock worth $26,353,000 after purchasing an additional 8,032 shares in the last quarter. 79.24% of the stock is currently 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.