Miller Industries (MLR) Set to Announce Quarterly Earnings on Wednesday

Aug 12, 2023

Miller Industries (NYSE:MLR - Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, August 9th.

Miller Industries (NYSE:MLR - Get Free Report) last announced its earnings results on Wednesday, May 3rd. The auto parts company reported $0.81 earnings per share for the quarter. Miller Industries had a return on equity of 9.39% and a net margin of 3.01%. The firm had revenue of $282.28 million for the quarter.

Shares of NYSE:MLR opened at $37.59 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.12 and a quick ratio of 1.32. The firm has a market capitalization of $430.03 million, a P/E ratio of 15.60 and a beta of 1.05. The business's 50-day moving average is $35.91 and its 200 day moving average is $33.19. Miller Industries has a 1 year low of $21.00 and a 1 year high of $38.88.

Separately, StockNews.com raised shares of Miller Industries from a "hold" rating to a "buy" rating in a research report on Saturday, May 13th.

Check Out Our Latest Stock Analysis on MLR

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MLR. JPMorgan Chase & Co. raised its position in Miller Industries by 12.4% during the 1st quarter. JPMorgan Chase & Co. now owns 9,847 shares of the auto parts company's stock worth $348,000 after buying an additional 1,084 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Miller Industries by 11.4% in the first quarter. Thrivent Financial for Lutherans now owns 966,162 shares of the auto parts company's stock worth $34,154,000 after acquiring an additional 98,692 shares during the period. State Street Corp raised its holdings in shares of Miller Industries by 7.7% during the first quarter. State Street Corp now owns 314,229 shares of the auto parts company's stock worth $11,108,000 after purchasing an additional 22,436 shares during the last quarter. Geode Capital Management LLC lifted its position in Miller Industries by 5.7% during the first quarter. Geode Capital Management LLC now owns 205,095 shares of the auto parts company's stock valued at $7,250,000 after purchasing an additional 11,024 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in Miller Industries by 24.0% in the first quarter. Two Sigma Investments LP now owns 25,964 shares of the auto parts company's stock valued at $918,000 after purchasing an additional 5,022 shares during the last quarter. Hedge funds and other institutional investors own 78.52% of the company's stock.

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 flatbed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment.

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