Q1 Earnings Forecast for MLR Issued By DA Davidson

Miller Industries, Inc. (NYSE:MLR) – Research analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Miller Industries in a research report issued on Monday, March 10th. DA Davidson analyst M. Shlisky anticipates that the auto parts company will post earnings of $0.60 per share for the quarter. 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. DA Davidson also issued estimates for Miller Industries’ FY2026 earnings at $4.59 EPS.

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

Miller Industries Stock Down 1.3 %

Shares of NYSE MLR opened at $45.62 on Tuesday. The company has a market capitalization of $521.85 million, a P/E ratio of 7.57 and a beta of 0.96. Miller Industries has a 52-week low of $41.38 and a 52-week high of $78.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 2.12. The company’s 50 day moving average price is $62.29 and its 200-day moving average price is $64.55.

Institutional Trading of Miller Industries

Several hedge funds have recently modified their holdings of the stock. FMR LLC increased its stake in shares of Miller Industries by 10.2% in the 3rd quarter. FMR LLC now owns 766,623 shares of the auto parts company’s stock valued at $46,764,000 after acquiring an additional 71,231 shares in the last quarter. Royce & Associates LP increased its stake in shares of Miller Industries by 29.8% in the 4th quarter. Royce & Associates LP now owns 644,607 shares of the auto parts company’s stock valued at $42,132,000 after acquiring an additional 148,079 shares in the last quarter. Systematic Financial Management LP increased its stake in Miller Industries by 2.0% during the 4th quarter. Systematic Financial Management LP now owns 403,191 shares of the auto parts company’s stock valued at $26,353,000 after purchasing an additional 8,032 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Miller Industries by 11.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 367,793 shares of the auto parts company’s stock valued at $22,435,000 after purchasing an additional 37,480 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Miller Industries by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 248,555 shares of the auto parts company’s stock valued at $16,246,000 after purchasing an additional 1,511 shares in the last quarter. Institutional investors own 79.24% of the company’s stock.

Miller Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.80 annualized dividend and a dividend yield of 1.75%. This is a positive change from Miller Industries’s previous quarterly dividend of $0.19. Miller Industries’s payout ratio is currently 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.