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: $62.05 to $64.86
• 50-Day Range: $56.50 to $67.94
• 52-Week Range: $34.96 to $69.75
• Volume: 124,059 shs
• Average Volume: 75,323 shs
• Market Capitalization: $721.46 million
• P/E Ratio: 10.98
• Dividend Yield: 1.21%
• Price Target: $82.00
• Consensus Rating: Buy

Miller Industries Stock Analysis - MarketRank™

Miller Industries scored higher than 77% of companies evaluated by MarketBeat, and ranked 29th out of 96 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: 3.5 / 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: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Miller Industries is 10.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.36.

Price to Earnings Ratio vs. Sector

The P/E ratio of Miller Industries is 10.98, 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 11.05.

Price to Book Value per Share Ratio

Miller Industries has a P/B Ratio of 2.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.77% 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 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Miller Industries has recently increased by 52.24%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Miller Industries pays a meaningful dividend of 1.23%, 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 13.26%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

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

Percentage of Shares Shorted

2.77% 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 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Miller Industries has recently increased by 52.24%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 0.96

News Sentiment

Miller Industries has a news sentiment score of 0.96. 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 0.41 average news sentiment score of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Miller Industries this week, compared to 2 articles on an average week.

Search Interest

1 people have searched for MLR on MarketBeat in the last 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 at the beginning of 2024. Since then, MLR stock has increased by 48.7% and is now trading at $62.90.
View the best growth stocks for 2024 here.

How were Miller Industries' earnings last quarter?

Miller Industries, Inc. (NYSE:MLR) posted its quarterly earnings results on Wednesday, August, 7th. The auto parts company reported $1.78 earnings per share (EPS) for the quarter. The auto parts company earned $371.45 million during the quarter. Miller Industries had a trailing twelve-month return on equity of 20.16% and a net margin of 5.55%.

Who are Miller Industries' major shareholders?

Top institutional investors of Miller Industries include SG Americas Securities LLC (0.04%) and Lakewood Asset Management LLC (0.04%).
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 Energy Transfer (ET), AT&T (T), Cornerstone Total Return Fund (CRF), SandRidge Permian Trust (PER), CBL & Associates Properties (CBL), Cornerstone Strategic Value Fund (CLM) and Ford Motor (F).

Company Calendar

• Last Earnings: 8/07/2024
• Ex-Dividend for 9/16 Dividend: 9/09/2024
• Dividend Payable: 9/16/2024
• Today: 10/09/2024
• Next Earnings (Estimated): 11/13/2024
• Fiscal Year End: 12/31/2024

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: +30.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.73
• Trailing P/E Ratio: 10.95
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $58.29 million
• Net Margins: 5.55%
• Pretax Margin: 7.02%
• Return on Equity: 20.16%
• Return on Assets: 10.70%

Debt

• Debt-to-Equity Ratio: 0.18
• Current Ratio: 2.08
• Quick Ratio: 1.44

Sales & Book Value

• Annual Sales: $1.29 billion
• Price / Sales: 0.56
• Cash Flow: $6.43 per share
• Price / Cash Flow: 9.76
• Book Value: $30.40 per share
• Price / Book: 2.06

Miscellaneous

• Outstanding Shares: 11,470,000
• Free Float: 10,988,000
• Market Cap: $719.63 million
• Optionable: Optionable
• Beta: 0.96