$0.10 EPS Expected for Motorcar Parts of America, Inc. (NASDAQ:MPAA) This Quarter

Equities research analysts expect Motorcar Parts of America, Inc. (NASDAQ:MPAA) to report earnings of $0.10 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Motorcar Parts of America’s earnings, with estimates ranging from $0.09 to $0.10. Motorcar Parts of America posted earnings of $0.15 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 33.3%. The firm is expected to issue its next quarterly earnings report on Thursday, August 8th.

On average, analysts expect that Motorcar Parts of America will report full year earnings of $1.88 per share for the current fiscal year, with EPS estimates ranging from $1.86 to $1.90. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Motorcar Parts of America.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings results on Friday, June 28th. The auto parts company reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. Motorcar Parts of America had a negative net margin of 1.56% and a positive return on equity of 10.38%. The company had revenue of $132.66 million during the quarter, compared to analysts’ expectations of $131.53 million. During the same quarter in the previous year, the business posted $0.54 EPS. The firm’s revenue was up 7.5% on a year-over-year basis.



Several research firms have commented on MPAA. BidaskClub cut shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine cut shares of Viewray from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a report on Thursday, July 4th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $27.00.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Motorcar Parts of America by 2.8% in the 4th quarter. BlackRock Inc. now owns 2,802,966 shares of the auto parts company’s stock valued at $46,642,000 after buying an additional 77,507 shares in the last quarter. Private Capital Management LLC raised its position in Motorcar Parts of America by 0.7% in the 1st quarter. Private Capital Management LLC now owns 1,610,851 shares of the auto parts company’s stock valued at $30,397,000 after purchasing an additional 11,855 shares during the last quarter. Global Alpha Capital Management Ltd. raised its position in Motorcar Parts of America by 31.0% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 1,246,164 shares of the auto parts company’s stock valued at $23,515,000 after purchasing an additional 294,546 shares during the last quarter. Rutabaga Capital Management LLC MA raised its position in Motorcar Parts of America by 486.8% in the 1st quarter. Rutabaga Capital Management LLC MA now owns 665,942 shares of the auto parts company’s stock valued at $12,566,000 after purchasing an additional 552,446 shares during the last quarter. Finally, Pzena Investment Management LLC raised its position in Motorcar Parts of America by 67.0% in the 1st quarter. Pzena Investment Management LLC now owns 653,637 shares of the auto parts company’s stock valued at $12,334,000 after purchasing an additional 262,307 shares during the last quarter.

NASDAQ MPAA traded down $0.16 on Thursday, hitting $17.97. 104,245 shares of the stock were exchanged, compared to its average volume of 150,088. The company has a current ratio of 1.26, a quick ratio of 0.40 and a debt-to-equity ratio of 0.09. Motorcar Parts of America has a fifty-two week low of $12.09 and a fifty-two week high of $27.19. The firm has a market cap of $364.35 million, a P/E ratio of 11.90 and a beta of 1.64. The firm has a 50-day simple moving average of $18.52.

Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers, brake power boosters, and diagnostic equipment.

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Earnings History and Estimates for Motorcar Parts of America (NASDAQ:MPAA)

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