--- title: "Miller Industries (NYSE:MLR) Announces Earnings Results, Beats Expectations By $0.27 EPS" type: "News" locale: "en" url: "https://longbridge.com/en/news/295044265.md" description: "Miller Industries (NYSE:MLR) reported quarterly earnings of $0.63 EPS, beating estimates by $0.27, with revenue of $239.99 million exceeding forecasts. Despite the positive financial results, the stock declined 0.5% to $50.56. Major institutional investors including Millennium Management and Goldman Sachs increased their stakes. Analyst ratings remain mixed, with a consensus 'Hold' rating and a target price of $50.00." datetime: "2026-08-06T02:26:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295044265.md) - [en](https://longbridge.com/en/news/295044265.md) - [zh-HK](https://longbridge.com/zh-HK/news/295044265.md) generator: "portal-rs" --- # Miller Industries (NYSE:MLR) Announces Earnings Results, Beats Expectations By $0.27 EPS Miller Industries (NYSE:MLR - Get Free Report) released its quarterly earnings data on Wednesday. The auto parts company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.36 by $0.27, FiscalAI reports. Miller Industries had a net margin of 2.08% and a return on equity of 3.70%. The business had revenue of $239.99 million during the quarter, compared to analyst estimates of $210.80 million. Get **Miller Industries** alerts: ## Miller Industries Stock Down 0.5% - 3 Stocks You’ll Love to Own, But Hate To Encounter Miller Industries stock traded down $0.26 during trading hours on Wednesday, reaching $50.56. The stock had a trading volume of 92,644 shares, compared to its average volume of 67,426. The business's 50 day moving average price is $49.63 and its 200-day moving average price is $46.64. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.98 and a quick ratio of 1.78. Miller Industries has a 52 week low of $33.81 and a 52 week high of $52.93. The company has a market cap of $576.37 million, a price-to-earnings ratio of 37.73 and a beta of 1.11. ## Hedge Funds Weigh In On Miller Industries A number of large investors have recently made changes to their positions in the business. Millennium Management LLC raised its position in shares of Miller Industries by 855.1% in the 1st quarter. Millennium Management LLC now owns 156,930 shares of the auto parts company's stock valued at $6,649,000 after purchasing an additional 140,500 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Miller Industries by 64.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 286,984 shares of the auto parts company's stock worth $12,160,000 after purchasing an additional 112,925 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Miller Industries by 22.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 566,171 shares of the auto parts company's stock valued at $22,885,000 after purchasing an additional 101,973 shares in the last quarter. UBS Group AG increased its stake in Miller Industries by 88.6% during the 3rd quarter. UBS Group AG now owns 89,874 shares of the auto parts company's stock valued at $3,633,000 after purchasing an additional 42,214 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Miller Industries by 19.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 205,372 shares of the auto parts company's stock valued at $7,675,000 after buying an additional 33,966 shares during the last quarter. 79.24% of the stock is owned by institutional investors and hedge funds. ## Wall Street Analyst Weigh In Several brokerages have weighed in on MLR. Weiss Ratings reissued a "hold (c)" rating on shares of Miller Industries in a research note on Wednesday, June 24th. Zacks Research raised shares of Miller Industries from a "strong sell" rating to a "hold" rating in a research report on Friday, July 10th. Finally, DA Davidson raised their price target on shares of Miller Industries from $53.00 to $56.00 and gave the stock a "buy" rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $50.00. **View Our Latest Stock Analysis on MLR** ## About Miller Industries (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. Headquartered in Ooltewah, Tennessee, Miller Industries was founded in the early 1990s and has grown into a global supplier of towing and recovery solutions. ## Featured Articles - Five stocks we like better than Miller Industries - SpaceX: Love the Company, But the Stock Is a Harder Call - Ulta's Growth Is Real, But So Are the Risks - BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story - Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Miller Industries Right Now? Before you consider Miller Industries, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Miller Industries wasn't on the list. While Miller Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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