Miller Industries (MLR) Scheduled to Post Quarterly Earnings on Wednesday

Miller Industries (NYSE:MLR) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of $1.33 per share for the quarter.

Miller Industries (NYSE:MLR) last posted its quarterly earnings data on Wednesday, August 7th. The auto parts company reported $1.78 EPS for the quarter. Miller Industries had a return on equity of 20.16% and a net margin of 5.55%. The business had revenue of $371.45 million during the quarter. On average, analysts expect Miller Industries to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Miller Industries Trading Up 8.6 %

Shares of NYSE:MLR opened at $75.12 on Thursday. The business’s 50 day moving average price is $62.18 and its 200-day moving average price is $59.58. Miller Industries has a 1 year low of $36.57 and a 1 year high of $76.26. The firm has a market capitalization of $860.12 million, a price-to-earnings ratio of 12.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.08 and a quick ratio of 1.44.

Analyst Ratings Changes

Several analysts have recently issued reports on MLR shares. DA Davidson began coverage on shares of Miller Industries in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $82.00 target price on the stock. StockNews.com lowered shares of Miller Industries from a “buy” rating to a “hold” rating in a research note on Tuesday.

About Miller Industries

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.