$0.25 EPS Expected for Motorcar Parts of America, Inc. (MPAA) This Quarter

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Analysts expect that Motorcar Parts of America, Inc. (NASDAQ:MPAA) will post earnings per share of $0.25 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Motorcar Parts of America’s earnings, with estimates ranging from $0.17 to $0.32. Motorcar Parts of America posted earnings of $0.38 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 34.2%. The company is expected to announce its next earnings report on Wednesday, August 8th.

According to Zacks, analysts expect that Motorcar Parts of America will report full year earnings of $2.03 per share for the current fiscal year, with EPS estimates ranging from $1.92 to $2.14. For the next fiscal year, analysts anticipate that the company will post earnings of $2.28 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Motorcar Parts of America.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings data on Thursday, June 14th. The auto parts company reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.12). The firm had revenue of $121.10 million for the quarter, compared to the consensus estimate of $123.86 million. Motorcar Parts of America had a return on equity of 12.45% and a net margin of 3.81%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 earnings per share.

Several equities analysts have recently issued reports on MPAA shares. BidaskClub upgraded Motorcar Parts of America from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 27th. Zacks Investment Research upgraded Motorcar Parts of America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 17th. ValuEngine lowered Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Finally, Roth Capital lowered Motorcar Parts of America from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $26.00 to $22.00 in a research report on Friday, June 15th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $33.00.

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

Shares of Motorcar Parts of America stock traded up $0.30 during trading on Tuesday, hitting $19.25. 132,000 shares of the company were exchanged, compared to its average volume of 206,984. The firm has a market capitalization of $353.49 million, a P/E ratio of 11.15, a PEG ratio of 0.40 and a beta of 1.47. Motorcar Parts of America has a 1-year low of $18.09 and a 1-year high of $30.16. The company has a current ratio of 0.74, a quick ratio of 0.28 and a debt-to-equity ratio of 0.05.

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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