Miller Industries (NYSE:MLR) Releases Quarterly Earnings Results, Misses Expectations By $0.17 EPS

08 May 2026, 19:20 by Jessica Moore · The Cerbat Gem

Miller Industries (NYSE:MLR – Get Free Report) issued its earnings results on Wednesday. The auto parts company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17), FiscalAI reports. The company had revenue of $180.86 million during the quarter, compared to analyst estimates of $181.10 million. Miller Industries had a return on equity of 3.69% and a net margin of 2.08%.

Miller Industries Price Performance

Shares of MLR stock traded up $0.53 during trading hours on Friday, hitting $48.22. 69,682 shares of the company’s stock were exchanged, compared to its average volume of 74,837. The stock’s 50-day moving average is $45.86 and its 200-day moving average is $41.94. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.22 and a quick ratio of 1.87. The stock has a market cap of $548.20 million, a price-to-earnings ratio of 35.98 and a beta of 1.13. Miller Industries has a 52 week low of $33.81 and a 52 week high of $49.89.

Miller Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, June 1st will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.84 dividend on an annualized basis and a yield of 1.7%. Miller Industries’s payout ratio is currently 42.42%.

Analyst Upgrades and Downgrades

MLR has been the topic of a number of analyst reports. Zacks Research cut Miller Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 10th. Loop Capital set a $44.00 target price on shares of Miller Industries in a research report on Monday, March 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Miller Industries in a report on Friday, March 27th. Finally, DA Davidson boosted their price target on shares of Miller Industries from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $48.50.

View Our Latest Research Report on Miller Industries

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its position in Miller Industries by 66.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 824 shares of the auto parts company’s stock worth $37,000 after buying an additional 329 shares in the last quarter. Russell Investments Group Ltd. increased its position in Miller Industries by 736.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,137 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 1,001 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Miller Industries in the second quarter worth about $125,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Miller Industries in the third quarter worth about $159,000. Finally, Strs Ohio acquired a new position in shares of Miller Industries during the first quarter worth approximately $182,000. 79.24% of the stock is owned by institutional investors.

Miller Industries Company Profile

(Get Free Report)

Miller Industries, Inc is a leading designer, engineer and manufacturer of towing and recovery vehicles and related equipment. The company’s product portfolio includes light-, medium- and heavy-duty tow trucks, integrated carriers, rotators, wreckers, trailers and associated hydraulic and electronic components. These products are marketed under well-known brand names, including Miller, Century, Holmes, Vulcan, Chevron and Jige International, serving a broad spectrum of customers in the towing, recovery, roadside assistance and vehicle transport industries.