Zacks: Brokerages Anticipate Motorcar Parts of America, Inc. (MPAA) to Announce $0.72 EPS

Analysts expect that Motorcar Parts of America, Inc. (NASDAQ:MPAA) will report earnings of $0.72 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Motorcar Parts of America’s earnings. Motorcar Parts of America reported earnings of $0.58 per share in the same quarter last year, which would suggest a positive year over year growth rate of 24.1%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, June 14th.

On average, analysts expect that Motorcar Parts of America will report full-year earnings of $1.94 per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $2.39 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Motorcar Parts of America.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings data on Thursday, June 14th. The auto parts company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.12). Motorcar Parts of America had a return on equity of 13.00% and a net margin of 4.02%. The company had revenue of $121.10 million during the quarter, compared to analyst estimates of $123.86 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year.

Several equities research analysts recently weighed in on MPAA shares. BidaskClub raised shares of Motorcar Parts of America from a “strong sell” rating to a “sell” rating in a research note on Tuesday, April 10th. Zacks Investment Research raised shares of Motorcar Parts of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 17th. Finally, ValuEngine downgraded shares of Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Motorcar Parts of America presently has a consensus rating of “Hold” and a consensus target price of $34.00.

MPAA traded down $0.64 during trading hours on Friday, hitting $20.02. 1,099,246 shares of the company’s stock were exchanged, compared to its average volume of 192,082. Motorcar Parts of America has a 12-month low of $18.53 and a 12-month high of $30.16. The company has a market cap of $420.58 million, a P/E ratio of 8.98, a PEG ratio of 0.37 and a beta of 1.21. The company has a quick ratio of 0.18, a current ratio of 0.74 and a debt-to-equity ratio of 0.05.

Large investors have recently made changes to their positions in the business. Principal Financial Group Inc. grew its position in shares of Motorcar Parts of America by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 146,199 shares of the auto parts company’s stock valued at $3,133,000 after buying an additional 3,499 shares during the last quarter. Royal Bank of Canada grew its position in shares of Motorcar Parts of America by 6.7% in the 1st quarter. Royal Bank of Canada now owns 1,026,189 shares of the auto parts company’s stock valued at $21,992,000 after buying an additional 64,607 shares during the last quarter. Foundry Partners LLC grew its position in shares of Motorcar Parts of America by 17.9% in the 1st quarter. Foundry Partners LLC now owns 299,990 shares of the auto parts company’s stock valued at $6,429,000 after buying an additional 45,475 shares during the last quarter. Voce Capital Management LLC grew its position in shares of Motorcar Parts of America by 93.9% in the 1st quarter. Voce Capital Management LLC now owns 186,764 shares of the auto parts company’s stock valued at $4,002,000 after buying an additional 90,421 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Motorcar Parts of America in the 1st quarter valued at $473,000.

Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes automotive aftermarket 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 and brake power boosters for import and domestic cars, light trucks, heavy duty, agricultural, and industrial applications.

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

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