Zacks: Brokerages Anticipate Motorcar Parts of America, Inc. (NASDAQ:MPAA) Will Announce Earnings of $0.45 Per Share

Wall Street brokerages expect Motorcar Parts of America, Inc. (NASDAQ:MPAA) to report earnings per share of $0.45 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Motorcar Parts of America’s earnings, with estimates ranging from $0.35 to $0.57. Motorcar Parts of America reported earnings per share of $0.60 in the same quarter last year, which would indicate a negative year over year growth rate of 25%. The business is expected to issue its next quarterly earnings report on Tuesday, January 14th.

According to Zacks, analysts expect that Motorcar Parts of America will report full-year earnings of $1.79 per share for the current year, with EPS estimates ranging from $1.62 to $1.90. For the next financial year, analysts anticipate that the company will report earnings of $1.98 per share. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Motorcar Parts of America.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings data on Thursday, August 8th. The auto parts company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. Motorcar Parts of America had a positive return on equity of 9.93% and a negative net margin of 1.73%. The company had revenue of $108.60 million for the quarter, compared to analysts’ expectations of $106.08 million. During the same period in the previous year, the firm posted $0.15 EPS. Motorcar Parts of America’s revenue was up 15.8% compared to the same quarter last year.



Several research firms recently issued reports on MPAA. TheStreet cut Motorcar Parts of America from a “c” rating to a “d+” rating in a report on Thursday, August 8th. Roth Capital reiterated a “buy” rating and issued a $17.00 price objective on shares of Motorcar Parts of America in a report on Wednesday, September 4th. BidaskClub upgraded Motorcar Parts of America from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 11th. Finally, Zacks Investment Research upgraded Motorcar Parts of America from a “strong sell” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $20.67.

MPAA stock opened at $16.37 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.33 and a debt-to-equity ratio of 0.26. Motorcar Parts of America has a 12-month low of $12.09 and a 12-month high of $25.90. The stock has a market cap of $309.23 million, a price-to-earnings ratio of 10.84 and a beta of 1.52. The business’s 50-day moving average is $15.63 and its 200 day moving average is $18.38.

Institutional investors have recently modified their holdings of the company. Bank of Montreal Can boosted its holdings in shares of Motorcar Parts of America by 2,191.7% during the 2nd quarter. Bank of Montreal Can now owns 1,650 shares of the auto parts company’s stock worth $35,000 after purchasing an additional 1,578 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Motorcar Parts of America by 410.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,927 shares of the auto parts company’s stock worth $74,000 after purchasing an additional 3,158 shares during the last quarter. Quantamental Technologies LLC acquired a new position in shares of Motorcar Parts of America during the 2nd quarter worth approximately $92,000. SG Americas Securities LLC acquired a new position in shares of Motorcar Parts of America during the 1st quarter worth approximately $137,000. Finally, Aperio Group LLC acquired a new position in shares of Motorcar Parts of America during the 2nd quarter worth approximately $177,000.

About Motorcar Parts of America

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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