Sorl Auto Parts (SORL) to Release Quarterly Earnings on Tuesday

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Sorl Auto Parts (NASDAQ:SORL) will be announcing its earnings results after the market closes on Tuesday, August 14th. Analysts expect the company to announce earnings of $0.29 per share for the quarter.

Sorl Auto Parts (NASDAQ:SORL) last issued its quarterly earnings results on Tuesday, May 15th. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.24. The company had revenue of $107.73 million during the quarter, compared to the consensus estimate of $86.96 million. Sorl Auto Parts had a net margin of 6.08% and a return on equity of 12.95%. During the same quarter in the prior year, the firm posted $0.36 EPS. On average, analysts expect Sorl Auto Parts to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Sorl Auto Parts opened at $5.23 on Monday, MarketBeat Ratings reports. The company has a market cap of $97.88 million, a P/E ratio of 4.15 and a beta of 1.79. Sorl Auto Parts has a 1 year low of $3.70 and a 1 year high of $8.45. The company has a quick ratio of 0.97, a current ratio of 1.18 and a debt-to-equity ratio of 0.15.

SORL has been the subject of a number of research analyst reports. ValuEngine cut shares of Sorl Auto Parts from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. TheStreet cut shares of Sorl Auto Parts from a “b-” rating to a “c” rating in a research report on Wednesday, May 16th. Finally, Zacks Investment Research upgraded shares of Sorl Auto Parts from a “sell” rating to a “hold” rating in a research report on Wednesday, June 6th.

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Earnings History for Sorl Auto Parts (NASDAQ:SORL)

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