Miller Industries (MLR) to Release Quarterly Earnings on Wednesday

Miller Industries (NYSE:MLR) is set to announce its earnings results after the market closes on Wednesday, August 7th.

Miller Industries (NYSE:MLR) last issued its quarterly earnings results on Wednesday, May 8th. The auto parts company reported $0.76 EPS for the quarter. Miller Industries had a net margin of 4.77% and a return on equity of 15.98%. The firm had revenue of $197.21 million during the quarter.

MLR stock traded down $0.42 on Friday, hitting $30.16. 1,883 shares of the company were exchanged, compared to its average volume of 32,606. Miller Industries has a twelve month low of $22.80 and a twelve month high of $35.26. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.27 and a quick ratio of 1.55. The company has a fifty day simple moving average of $30.45. The firm has a market cap of $360.13 million, a PE ratio of 10.06 and a beta of 1.01.

In related news, Director A Russell Chandler III sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $30.67, for a total transaction of $245,360.00. Following the completion of the transaction, the director now owns 66,742 shares of the company’s stock, valued at $2,046,977.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard H. Roberts sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $33.64, for a total transaction of $50,460.00. Following the transaction, the director now directly owns 33,732 shares of the company’s stock, valued at approximately $1,134,744.48. The disclosure for this sale can be found here. Insiders have sold 22,500 shares of company stock valued at $701,420 in the last ninety days. 3.90% of the stock is currently owned by company insiders.

Separately, ValuEngine lowered shares of Miller Industries from a “hold” rating to a “sell” rating in a research report on Thursday.

Miller Industries Company Profile

Miller Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment. It 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 that are used to transport new or disabled vehicles and other equipment.

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Earnings History for Miller Industries (NYSE:MLR)

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