Declining Stock and Solid Fundamentals: Is The Market Wrong About Miller Industries, Inc. (NYSE:MLR)? [Yahoo! Finance]
Miller Industries, Inc. (MLR)
US:NYSE Investor Relations:
millerind.com/investor-relations
Company Research
Source: Yahoo! Finance
Miller Industries' ROE today. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital. How To Calculate Return On Equity? Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Miller Industries is: 19% = US$72m ÷ US$380m (Based on the trailing twelve months to June 2024). The 'return' is the yearly profit. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.19 in profit. Why Is ROE Important For Earnings Growth? Thus far, we have learned that ROE measures how efficiently a company is generating its profits. We now need to evaluate how much profit the company reinvests or "retains" for future growth which
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MLR
News
- MILLER INDUSTRIES TO ANNOUNCE THIRD QUARTER 2024 RESULTS ON WEDNESDAY NOVEMBER 13, 2024PR Newswire
- Miller Industries, Inc. (NYSE: MLR) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Miller Industries, Inc. (NYSE: MLR) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Miller Industries, Inc. (NYSE: MLR) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Miller Industries, Inc. (NYSE: MLR) is now covered by analysts at DA Davidson. They set a "buy" rating and a $82.00 price target on the stock.MarketBeat
MLR
Sec Filings
- 11/8/24 - Form SC
- 11/4/24 - Form SC
- 10/21/24 - Form SC
- MLR's page on the SEC website