DA Davidson Lowers Earnings Estimates for Miller Industries

Miller Industries, Inc. (NYSE:MLR) – Analysts at DA Davidson lowered their FY2025 EPS estimates for Miller Industries in a note issued to investors 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 prior estimate of $5.94. 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.

Miller Industries Price Performance

NYSE:MLR opened at $43.88 on Wednesday. The business’s 50-day moving average price is $61.85 and its 200 day moving average price is $64.40. The firm has a market cap of $501.95 million, a P/E ratio of 7.28 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 quick ratio of 1.46, a current ratio of 2.12 and a debt-to-equity ratio of 0.16.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. R Squared Ltd bought a new position in Miller Industries in the fourth quarter valued at about $36,000. CANADA LIFE ASSURANCE Co acquired a new stake in shares of Miller Industries during the fourth quarter worth about $85,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Miller Industries during the fourth quarter worth about $137,000. LSV Asset Management acquired a new stake in Miller Industries in the 4th quarter valued at approximately $176,000. Finally, Aquatic Capital Management LLC boosted its stake in shares of Miller Industries by 75.9% during the 4th quarter. Aquatic Capital Management LLC now owns 2,814 shares of the auto parts company’s stock worth $184,000 after acquiring an additional 1,214 shares during the period. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Miller Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.82%. This is a positive change from Miller Industries’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, March 17th. 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.