Beeline Holdings sells $1.2 million in stock, totals $14.5 million since March
In a challenging economic climate, Miller Industries Inc . (NYSE:MLR) stock has touched a 52-week low, dipping to $41.01. The company, known for its manufacturing of vehicle towing and recovery equipment, has faced a tough market environment, with a year-to-date decline of 33.07%. Trading at a P/E ratio of just 7.29 and maintaining a 16-year streak of dividend payments, InvestingPro analysis suggests the stock may be undervalued at current levels. Investors are closely monitoring the stock as it navigates through industry headwinds and macroeconomic pressures. With a strong current ratio of 2.68 and analyst price targets suggesting significant upside potential, the stock’s technical indicators point to oversold conditions. InvestingPro subscribers can access 12 additional exclusive ProTips and comprehensive valuation metrics to make more informed investment decisions about MLR’s current market position.
In other recent news, Miller Industries reported a notable miss in its fourth-quarter 2024 earnings, with both earnings per share (EPS) and revenue falling short of expectations. The company’s EPS was $0.91, below the projected $1.21, while revenue reached $221.9 million, missing the forecasted $294.3 million. Despite the disappointing quarter, the company achieved a 9% increase in full-year 2024 net sales, amounting to $1.26 billion. Miller Industries plans to launch new products and expand military contracts, which could potentially boost future performance. The company has set a 2025 revenue guidance range of $950 million to $1 billion and an EPS guidance of $2.90 to $3.20 per diluted share. Analysts from D.A. Davidson have discussed expectations for the first half of 2025, suggesting it may resemble the challenging fourth quarter of 2024. The company is also addressing chassis shipment volatility, which has impacted delivery schedules and revenue. Despite these challenges, Miller Industries remains focused on reducing inventory levels and improving its financial position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.