Miller Industries Stock Today

MLR Stock  USD 50.15  0.84  1.70%   

Performance

11 of 100

 
Low
 
High
Good

Odds Of Distress

Less than 3

 
100  
 
Zero
Very Low
Miller Industries is selling at 50.15 as of the 28th of March 2024; that is 1.70 percent up since the beginning of the trading day. The stock's lowest day price was 49.57. Miller Industries has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Miller Industries are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
2nd of August 1994
Category
Consumer Cyclical
Classification
Industrials
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. The company has 11.45 M outstanding shares of which 56.67 K shares are now shorted by investors with about 1.13 days to cover. More on Miller Industries

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Follow Valuation Options Odds of Bankruptcy
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Miller Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Miller Industries' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Miller Industries or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO PresidentWilliam II
Thematic IdeaAutomobiles and Trucks (View all Themes)
Old NameMelior Resources Inc
Business ConcentrationConstruction Machinery & Heavy Transportation Equipment, Capital Goods, Consumer Cyclical, NYSE Composite, Automobiles and Trucks, Industrials, Machinery, Auto Parts, Consumer Cyclical (View all Sectors)
Average Analyst Recommendation
Analysts covering Miller Industries report their recommendations after researching Miller Industries' financial statements, talking to executives and customers, or listening in on Miller Industries' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Miller Industries. The Miller consensus assessment is calculated by taking the average forecast from all of the analysts covering Miller Industries.
Financial Strength
Based on the key indicators related to Miller Industries' liquidity, profitability, solvency, and operating efficiency, Miller Industries is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in April. Financial strength of Miller Industries is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.09360.0891
Sufficiently Up
Very volatile
Asset Turnover1.41.7633
Significantly Down
Slightly volatile
Gross Profit Margin0.150.1317
Fairly Up
Slightly volatile
Total Current Liabilities246.4 M234.7 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total75 M71.5 M
Sufficiently Up
Slightly volatile
Total Assets686.8 M654.1 M
Sufficiently Up
Slightly volatile
Total Current Assets536 M510.5 M
Sufficiently Up
Slightly volatile
Miller Industries' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Miller Industries' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Miller Industries' financial leverage. It provides some insight into what part of Miller Industries' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Miller Industries' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Miller Industries deploys its capital and how much of that capital is borrowed.
Liquidity
Miller Industries cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 60.83 M in debt with debt to equity (D/E) ratio of 0.14, which may show that the company is not taking advantage of profits from borrowing. Miller Industries has a current ratio of 2.22, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Miller Industries until it has trouble settling it off, either with new capital or with free cash flow. So, Miller Industries' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Miller Industries sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Miller to invest in growth at high rates of return. When we think about Miller Industries' use of debt, we should always consider it together with cash and equity.

Depreciation

7.21 Million
Miller Industries (MLR) is traded on New York Stock Exchange in USA. It is located in 8503 Hilltop Drive, Ooltewah, TN, United States, 37363 and employs 1,805 people. Miller Industries is listed under Construction Machinery & Heavy Transportation Equipment category by Fama And French industry classification. 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 Industries runs under Machinery sector within Industrials industry. The entity has 11.45 M outstanding shares of which 56.67 K shares are now shorted by investors with about 1.13 days to cover. Miller Industries has about 40.15 M in cash with 10.96 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.73.
Check Miller Industries Probability Of Bankruptcy
Ownership Allocation
The market capitalization of Miller Industries is $574 Million. The majority of Miller Industries outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Miller Industries to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Miller Industries. Please pay attention to any change in the institutional holdings of Miller Industries as this could imply that something significant has changed or is about to change at the company. Please take into account that even companies with profitable outlook can generate negative future returns on their equity. If the true value of the firm is less than the current market value, you may not be able generate positive returns on investment in the long run.
Check Miller Ownership Details

Miller Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Miller Industries jumping above the current price in 90 days from now is about 1.74%. The Miller Industries probability density function shows the probability of Miller Industries stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 2.1435. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Miller Industries will likely underperform. Additionally, miller Industries has an alpha of 0.0039, implying that it can generate a 0.003942 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 50.15HorizonTargetOdds Above 50.15
98.24%90 days
 50.15 
1.74%
Based on a normal probability distribution, the odds of Miller Industries to move above the current price in 90 days from now is about 1.74 (This Miller Industries probability density function shows the probability of Miller Stock to fall within a particular range of prices over 90 days) .

Miller Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Miller Industries that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Miller Industries' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Miller Industries' value.
InstituionRecorded OnShares
Mutual Of America Capital Management Llc2023-12-31
224.8 K
State Street Corporation2023-12-31
214.7 K
Goldman Sachs Group Inc2023-12-31
209.5 K
Huber Capital Management Llc2023-12-31
188.9 K
Pacific Ridge Capital Partners, Llc2023-12-31
166.7 K
Lord, Abbett & Co Llc2023-12-31
150.8 K
Ameriprise Financial Inc2023-12-31
131.3 K
Allspring Global Investments Holdings, Llc2023-12-31
127.8 K
Diversified Investment Strategies, Llc2023-12-31
113.7 K
Thrivent Financial For Lutherans2023-12-31
1.1 M
Dimensional Fund Advisors, Inc.2023-12-31
894.7 K
View Miller Industries Diagnostics

Miller Industries Historical Income Statement

Miller Industries Income Statement is one of the three primary financial statements used for reporting Miller's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Miller Industries revenue and expense. Miller Industries Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Miller Industries' Net Income is relatively stable compared to the past year. As of 03/28/2024, Income Tax Expense is likely to grow to about 16.3 M, while Interest Expense is likely to drop slightly above 4.3 M. View More Fundamentals

Miller Stock Against Markets

Picking the right benchmark for Miller Industries stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Miller Industries stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Miller Industries is critical whether you are bullish or bearish towards Miller Industries at a given time. Please also check how Miller Industries' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Miller Industries without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Miller Stock?

Before investing in Miller Industries, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Miller Industries. To buy Miller Industries stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Miller Industries. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Miller Industries stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Miller Industries stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Miller Industries stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Miller Industries, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Miller Stock please use our How to Invest in Miller Industries guide.

Already Invested in Miller Industries?

The danger of trading Miller Industries is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Miller Industries is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Miller Industries. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Miller Industries is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Miller Industries is a strong investment it is important to analyze Miller Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Miller Industries' future performance. For an informed investment choice regarding Miller Stock, refer to the following important reports:
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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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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.
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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.