Miller Industries (MLR) Set to Announce Earnings on Wednesday

Miller Industries (NYSE:MLRGet Rating) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 4th.

Miller Industries (NYSE:MLRGet Rating) last issued its earnings results on Wednesday, March 9th. The auto parts company reported $0.24 earnings per share for the quarter. The firm had revenue of $201.69 million for the quarter. Miller Industries had a return on equity of 5.64% and a net margin of 2.27%.

Shares of MLR stock opened at $27.44 on Friday. The stock’s fifty day moving average price is $28.51 and its two-hundred day moving average price is $31.80. The company has a market cap of $313.12 million, a PE ratio of 19.19 and a beta of 0.99. Miller Industries has a fifty-two week low of $26.30 and a fifty-two week high of $45.22.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 28th. Shareholders of record on Monday, March 21st were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Friday, March 18th. Miller Industries’s dividend payout ratio is presently 50.35%.

Separately, StockNews.com assumed coverage on Miller Industries in a report on Thursday, March 31st. They issued a “buy” rating on the stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC boosted its holdings in shares of Miller Industries by 14.9% during the 4th quarter. Citadel Advisors LLC now owns 16,080 shares of the auto parts company’s stock valued at $537,000 after acquiring an additional 2,088 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Miller Industries by 128.7% during the 3rd quarter. Millennium Management LLC now owns 15,192 shares of the auto parts company’s stock valued at $517,000 after acquiring an additional 8,548 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Miller Industries by 229.4% during the 4th quarter. JPMorgan Chase & Co. now owns 13,528 shares of the auto parts company’s stock valued at $452,000 after acquiring an additional 9,421 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Miller Industries by 76.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 12,758 shares of the auto parts company’s stock valued at $426,000 after acquiring an additional 5,522 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Miller Industries by 69.0% during the 4th quarter. Bank of America Corp DE now owns 10,756 shares of the auto parts company’s stock valued at $360,000 after acquiring an additional 4,391 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors.

About Miller Industries (Get Rating)

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.

Further Reading

Earnings History for Miller Industries (NYSE:MLR)

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