Miller Industries Stock Analysis
MLR Stock | USD 50.10 0.05 0.1% |
Miller Industries is overvalued with Real Value of 33.05 and Target Price of 21.0. The main objective of Miller Industries stock analysis is to determine its intrinsic value, which is an estimate of what Miller Industries is worth, separate from its market price. There are two main types of Miller Industries' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Miller Industries' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Miller Industries' stock to identify patterns and trends that may indicate its future price movements.
The Miller Industries stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Miller Industries is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Miller Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Miller Industries' ongoing operational relationships across important fundamental and technical indicators.
Miller |
Miller Stock Analysis Notes
About 83.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.65. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Miller Industries recorded earning per share (EPS) of 5.07. The entity last dividend was issued on the 15th of March 2024. The firm had 1:5 split on the 1st of October 2001. Miller Industries, Inc., together with its subsidiaries, manufactures and sells towing and recovery equipment. The company was incorporated in 1990 and is based in Ooltewah, Tennessee. Miller Industries operates under Auto Parts classification in the United States and is traded on New York Stock Exchange. It employs 1421 people. To find out more about Miller Industries contact William II at 423 238 4171 or learn more at https://www.millerind.com.Miller Industries Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Miller Industries' investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Miller Industries or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Over 83.0% of the company shares are owned by institutional investors | |
On 25th of March 2024 Miller Industries paid $ 0.19 per share dividend to its current shareholders | |
Latest headline from finance.yahoo.com: Advisory Research Sends Letter to Miller Industries Board of Directors Regarding Opportunities to Enhance Shareholder Value |
Miller Industries Upcoming and Recent Events
Earnings reports are used by Miller Industries to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Miller Industries previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
13th of March 2024 Upcoming Quarterly Report | View | |
31st of December 2023 Next Fiscal Quarter End | View |
Miller Largest EPS Surprises
Earnings surprises can significantly impact Miller Industries' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
---|---|---|---|---|---|---|---|
2010-05-04 | 2010-03-31 | 0.13 | 0.17 | 0.04 | 30 | ||
2009-08-05 | 2009-06-30 | 0.08 | 0.12 | 0.04 | 50 | ||
2012-03-07 | 2011-12-31 | 0.48 | 0.43 | -0.05 | 10 |
Miller Industries Thematic Classifications
In addition to having Miller Industries stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Automobiles and TrucksUSA Equities from Automobiles and Trucks industry as classified by Fama & French |
Miller Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Miller Industries is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Miller Industries backward and forwards among themselves. Miller Industries' institutional investor refers to the entity that pools money to purchase Miller Industries' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Mutual Of America Capital Management Llc | 2023-12-31 | 224.8 K | State Street Corporation | 2023-12-31 | 214.7 K | Goldman Sachs Group Inc | 2023-12-31 | 209.5 K | Huber Capital Management Llc | 2023-12-31 | 188.9 K | Pacific Ridge Capital Partners, Llc | 2023-12-31 | 166.7 K | Lord, Abbett & Co Llc | 2023-12-31 | 150.8 K | Ameriprise Financial Inc | 2023-12-31 | 131.3 K | Allspring Global Investments Holdings, Llc | 2023-12-31 | 127.8 K | Diversified Investment Strategies, Llc | 2023-12-31 | 113.7 K | Thrivent Financial For Lutherans | 2023-12-31 | 1.1 M | Dimensional Fund Advisors, Inc. | 2023-12-31 | 894.7 K |
Miller Market Capitalization
The company currently falls under 'Small-Cap' category with a total capitalization of 574 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Miller Industries's market, we take the total number of its shares issued and multiply it by Miller Industries's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Miller Profitablity
Miller Industries' profitability indicators refer to fundamental financial ratios that showcase Miller Industries' ability to generate income relative to its revenue or operating costs. If, let's say, Miller Industries is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Miller Industries' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Miller Industries' profitability requires more research than a typical breakdown of Miller Industries' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 0.05 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.08 %, which entails that for every 100 dollars of revenue, it generated $0.08 of operating income. Last Reported | Projected for 2024 | ||
Return On Capital Employed | 0.19 | 0.15 | |
Return On Assets | 0.09 | 0.09 | |
Return On Equity | 0.17 | 0.18 |
Management Efficiency
Miller Industries has Return on Asset of 0.0857 % which means that on every $100 spent on assets, it made $0.0857 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1818 %, implying that it generated $0.1818 on every 100 dollars invested. Miller Industries' management efficiency ratios could be used to measure how well Miller Industries manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Miller Industries' Return On Assets are relatively stable compared to the past year. As of 03/29/2024, Return On Equity is likely to grow to 0.18, while Return On Capital Employed is likely to drop 0.15. At this time, Miller Industries' Total Assets are relatively stable compared to the past year. As of 03/29/2024, Other Current Assets is likely to grow to about 8 M, while Non Currrent Assets Other are likely to drop slightly above 778 K.Last Reported | Projected for 2024 | ||
Price Book Value Ratio | 1.39 | 1.86 | |
Enterprise Value Multiple | 5.59 | 8.72 | |
Price Fair Value | 1.39 | 1.86 |
The analysis of Miller Industries' management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Miller Industries' future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Miller Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.0152 | Forward Dividend Yield 0.0152 | Forward Dividend Rate 0.76 | Beta 1.041 |
Technical Drivers
As of the 29th of March, Miller Industries secures the Mean Deviation of 1.34, risk adjusted performance of 0.0755, and Downside Deviation of 1.63. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Miller Industries, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Miller Industries, which can be compared to its peers in the industry. Please verify Miller Industries coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Miller Industries is priced some-what accurately, providing market reflects its recent price of 50.1 per share. Given that Miller Industries has jensen alpha of (0.02), we recommend you to check Miller Industries's last-minute market performance to make sure the company can sustain itself at a future point.Miller Industries Price Movement Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Miller Industries middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Miller Industries. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Miller Industries Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Miller Industries insiders, such as employees or executives, is commonly permitted as long as it does not rely on Miller Industries' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Miller Industries insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Jeffrey Badgley over three weeks ago Disposition of 1440 shares by Jeffrey Badgley of Miller Industries at 45.28 subject to Rule 16b-3 | ||
Richard Roberts over six months ago Miller Industries exotic insider transaction detected | ||
Josias Reyneke over a year ago Exercise or conversion by Josias Reyneke of 2000 shares of Miller Industries subject to Rule 16b-3 |
Miller Industries Predictive Daily Indicators
Miller Industries intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Miller Industries stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Accumulation Distribution | 1444.57 | |||
Daily Balance Of Power | (0.06) | |||
Rate Of Daily Change | 1.0 | |||
Day Median Price | 50.15 | |||
Day Typical Price | 50.13 | |||
Price Action Indicator | (0.07) | |||
Period Momentum Indicator | (0.05) |
Miller Industries Corporate Filings
F4 | 8th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10K | 6th of March 2024 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
13A | 9th of February 2024 An amended filing to the original Schedule 13G | ViewVerify |
8K | 6th of February 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 26th of January 2024 An amended filing to the original Schedule 13G | ViewVerify |
8K | 30th of November 2023 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
10Q | 8th of November 2023 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 23rd of August 2023 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Miller Industries Forecast Models
Miller Industries' time-series forecasting models are one of many Miller Industries' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Miller Industries' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Miller Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Miller Industries prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Miller shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Miller Industries. By using and applying Miller Stock analysis, traders can create a robust methodology for identifying Miller entry and exit points for their positions.
Last Reported | Projected for 2024 | ||
Pretax Profit Margin | 0.06 | 0.03 | |
Operating Profit Margin | 0.07 | 0.06 | |
Net Profit Margin | 0.05 | 0.05 | |
Gross Profit Margin | 0.13 | 0.15 |
Current Miller Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Miller analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Miller analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Price | Advice | # of Analysts | |
21.0 | Strong Sell | 0 | Odds |
Most Miller analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Miller stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Miller Industries, talking to its executives and customers, or listening to Miller conference calls.
Miller Analyst Advice DetailsMiller Stock Analysis Indicators
Miller Industries stock analysis indicators help investors evaluate how Miller Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Miller Industries shares will generate the highest return on investment. By understating and applying Miller Industries stock analysis, traders can identify Miller Industries position entry and exit signals to maximize returns.
Begin Period Cash Flow | 40.2 M | |
Long Term Debt | 60 M | |
Common Stock Shares Outstanding | 11.5 M | |
Total Stockholder Equity | 347.9 M | |
Tax Provision | 13.6 M | |
Quarterly Earnings Growth Y O Y | 0.793 | |
Property Plant And Equipment Net | 115.9 M | |
Cash And Short Term Investments | 29.9 M | |
Cash | 29.9 M | |
Accounts Payable | 191.8 M | |
Net Debt | 30.9 M | |
50 Day M A | 44.1458 | |
Total Current Liabilities | 234.7 M | |
Other Operating Expenses | 1.1 B | |
Non Current Assets Total | 143.6 M | |
Non Currrent Assets Other | 819 K | |
Stock Based Compensation | 1.1 M |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Miller Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in Miller Stock, please use our How to Invest in Miller Industries guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Miller Stock analysis
When running Miller Industries' price analysis, check to measure Miller Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Miller Industries is operating at the current time. Most of Miller Industries' value examination focuses on studying past and present price action to predict the probability of Miller Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Miller Industries' price. Additionally, you may evaluate how the addition of Miller Industries to your portfolios can decrease your overall portfolio volatility.
Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |
Is Miller Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Miller Industries. If investors know Miller will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Miller Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.793 | Dividend Share 0.72 | Earnings Share 5.07 | Revenue Per Share 100.827 | Quarterly Revenue Growth 0.312 |
The market value of Miller Industries is measured differently than its book value, which is the value of Miller that is recorded on the company's balance sheet. Investors also form their own opinion of Miller Industries' value that differs from its market value or its book value, called intrinsic value, which is Miller Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Miller Industries' market value can be influenced by many factors that don't directly affect Miller Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Miller Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Miller Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Miller Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.