Miller Industries (MLR) to Release Quarterly Earnings on Wednesday

Miller Industries (NYSE:MLR) will release its earnings data after the market closes on Wednesday, May 8th.

Miller Industries (NYSE:MLR) last announced its quarterly earnings results on Wednesday, March 6th. The auto parts company reported $1.45 earnings per share (EPS) for the quarter. Miller Industries had a net margin of 5.05% and a return on equity of 17.97%. The company had revenue of $296.25 million during the quarter.

Miller Industries Stock Performance

Shares of MLR stock traded up $0.39 during trading hours on Thursday, reaching $49.60. The stock had a trading volume of 1,768 shares, compared to its average volume of 54,474. The firm has a market capitalization of $568.91 million, a PE ratio of 9.71 and a beta of 1.03. The firm has a 50-day simple moving average of $48.61 and a 200-day simple moving average of $43.09. Miller Industries has a twelve month low of $32.48 and a twelve month high of $53.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.17 and a quick ratio of 1.37.

Miller Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 18th were given a $0.19 dividend. This is a boost from Miller Industries’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Friday, March 15th. Miller Industries’s dividend payout ratio (DPR) is currently 14.99%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Miller Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 7th.

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.