Dorel Industries (OTCMKTS:DIIBF) Releases Quarterly Earnings Results, Misses Expectations By $0.54 EPS

Dorel Industries (OTCMKTS:DIIBF) posted its quarterly earnings results on Friday. The company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.54), Zacks reports. Dorel Industries had a negative return on equity of 299.25% and a negative net margin of 12.76%.The business had revenue of $298.57 million for the quarter, compared to the consensus estimate of $294.80 million.

Dorel Industries Stock Down 0.5%

OTCMKTS:DIIBF opened at $1.03 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 2.32. Dorel Industries has a 12-month low of $0.83 and a 12-month high of $4.06. The stock’s fifty day simple moving average is $1.20 and its 200-day simple moving average is $1.12. The firm has a market capitalization of $33.65 million, a P/E ratio of -0.18 and a beta of 1.69.

About Dorel Industries

Dorel Industries Inc engages in the design, manufacture, sourcing, marketing, and distribution of home and juvenile products worldwide. The company operates through Dorel Home and Dorel Juvenile segments. The Dorel Home segment offers ready-to assemble furniture and home furnishings products, including metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items.