Zacks: Brokerages Anticipate Motorcar Parts of America, Inc. (MPAA) Will Post Earnings of $0.72 Per Share

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Equities analysts expect Motorcar Parts of America, Inc. (NASDAQ:MPAA) to post 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 during the same quarter last year, which suggests a positive year over year growth rate of 24.1%. The business is scheduled to report 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 company will report earnings of $2.39 per share. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Motorcar Parts of America.

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

A number of equities analysts have recently commented on the stock. BidaskClub lowered shares of Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 24th. ValuEngine lowered shares of Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research raised shares of Motorcar Parts of America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 17th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Motorcar Parts of America presently has an average rating of “Hold” and an average target price of $34.00.

Shares of Motorcar Parts of America traded down $0.64, reaching $20.02, during trading on Friday, MarketBeat reports. 1,099,246 shares of the company were exchanged, compared to its average volume of 192,082. The firm has a market cap of $420.58 million, a PE ratio of 8.98, a price-to-earnings-growth ratio of 0.37 and a beta of 1.21. Motorcar Parts of America has a 12-month low of $18.53 and a 12-month high of $30.16. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.18 and a current ratio of 0.74.

Large investors have recently modified their holdings of the company. BlackRock Inc. increased its holdings in Motorcar Parts of America by 2.5% during the first quarter. BlackRock Inc. now owns 2,501,773 shares of the auto parts company’s stock valued at $53,614,000 after buying an additional 61,819 shares during the period. Dimensional Fund Advisors LP increased its holdings in Motorcar Parts of America by 10.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,403,191 shares of the auto parts company’s stock valued at $30,070,000 after buying an additional 131,621 shares during the period. Royal Bank of Canada increased its holdings in Motorcar Parts of America by 6.7% during the first 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 period. River Road Asset Management LLC increased its holdings in Motorcar Parts of America by 0.3% during the first quarter. River Road Asset Management LLC now owns 947,250 shares of the auto parts company’s stock valued at $20,300,000 after buying an additional 2,453 shares during the period. Finally, Kennedy Capital Management Inc. increased its holdings in Motorcar Parts of America by 9.4% during the fourth quarter. Kennedy Capital Management Inc. now owns 694,993 shares of the auto parts company’s stock valued at $17,368,000 after buying an additional 59,767 shares during the period.

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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