FY2018 EPS Estimates for Motorcar Parts of America, Inc. Cut by Analyst (MPAA)

Motorcar Parts of America, Inc. (NASDAQ:MPAA) – Equities research analysts at B. Riley dropped their FY2018 EPS estimates for shares of Motorcar Parts of America in a note issued to investors on Monday. B. Riley analyst C. Horn now forecasts that the auto parts company will post earnings of $1.80 per share for the year, down from their previous estimate of $2.10. B. Riley currently has a “Buy” rating and a $39.00 target price on the stock. B. Riley also issued estimates for Motorcar Parts of America’s Q4 2018 earnings at $0.67 EPS, Q1 2019 earnings at $0.47 EPS, Q2 2019 earnings at $0.63 EPS, Q3 2019 earnings at $0.64 EPS, Q4 2019 earnings at $0.80 EPS and FY2019 earnings at $2.54 EPS.

Motorcar Parts of America (NASDAQ:MPAA) last released its quarterly earnings results on Friday, February 9th. The auto parts company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.15). Motorcar Parts of America had a net margin of 4.02% and a return on equity of 13.00%. The company had revenue of $100.10 million for the quarter, compared to the consensus estimate of $113.46 million. During the same period last year, the company earned $0.60 earnings per share. Motorcar Parts of America’s revenue for the quarter was down 11.1% compared to the same quarter last year.

Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Thursday, November 16th. BidaskClub raised shares of Motorcar Parts of America from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 16th. TheStreet cut shares of Motorcar Parts of America from a “b-” rating to a “c” rating in a research note on Tuesday, December 5th. ValuEngine cut shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Roth Capital set a $26.00 price target on shares of Motorcar Parts of America and gave the company a “buy” rating in a research note on Monday, February 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $34.00.

Shares of Motorcar Parts of America (MPAA) opened at $22.96 on Thursday. Motorcar Parts of America has a 52 week low of $20.73 and a 52 week high of $31.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.29 and a current ratio of 0.74. The company has a market cap of $455.87, a P/E ratio of 26.70, a PEG ratio of 0.57 and a beta of 0.99.

Motorcar Parts of America declared that its Board of Directors has initiated a share repurchase plan on Friday, February 9th that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the auto parts company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

In other Motorcar Parts of America news, CEO Joffe Selwyn acquired 5,000 shares of Motorcar Parts of America stock in a transaction on Monday, February 12th. The shares were purchased at an average cost of $21.00 per share, with a total value of $105,000.00. Following the completion of the purchase, the chief executive officer now owns 140,271 shares in the company, valued at $2,945,691. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders acquired 6,150 shares of company stock worth $130,386. Insiders own 4.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in MPAA. Schwab Charles Investment Management Inc. boosted its stake in Motorcar Parts of America by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 84,426 shares of the auto parts company’s stock valued at $2,385,000 after acquiring an additional 437 shares during the last quarter. Teachers Advisors LLC boosted its stake in Motorcar Parts of America by 10.4% in the second quarter. Teachers Advisors LLC now owns 33,221 shares of the auto parts company’s stock valued at $938,000 after acquiring an additional 3,134 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Motorcar Parts of America by 1.2% in the second quarter. TIAA CREF Investment Management LLC now owns 49,111 shares of the auto parts company’s stock valued at $1,387,000 after acquiring an additional 572 shares during the last quarter. Nationwide Fund Advisors boosted its stake in Motorcar Parts of America by 100.4% in the second quarter. Nationwide Fund Advisors now owns 27,945 shares of the auto parts company’s stock valued at $789,000 after acquiring an additional 14,002 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in Motorcar Parts of America by 7.8% in the second quarter. Thrivent Financial For Lutherans now owns 11,290 shares of the auto parts company’s stock valued at $319,000 after acquiring an additional 820 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: “FY2018 EPS Estimates for Motorcar Parts of America, Inc. Cut by Analyst (MPAA)” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/17/fy2018-eps-estimates-for-motorcar-parts-of-america-inc-cut-by-analyst-mpaa.html.

Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.

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

Receive News & Ratings for Motorcar Parts of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorcar Parts of America and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply