$0.54 Earnings Per Share Expected for Motorcar Parts of America, Inc. (MPAA) This Quarter

Analysts expect that Motorcar Parts of America, Inc. (NASDAQ:MPAA) will post earnings per share of $0.54 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Motorcar Parts of America’s earnings, with the highest EPS estimate coming in at $0.60 and the lowest estimate coming in at $0.48. Motorcar Parts of America reported earnings of $0.50 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 8%. The firm is scheduled to issue its next earnings results on Thursday, November 8th.

According to Zacks, analysts expect that Motorcar Parts of America will report full year earnings of $2.06 per share for the current year, with EPS estimates ranging from $2.05 to $2.07. For the next fiscal year, analysts forecast that the firm will report earnings of $2.49 per share, with EPS estimates ranging from $2.47 to $2.50. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Motorcar Parts of America.

Motorcar Parts of America (NASDAQ:MPAA) last posted its earnings results on Thursday, August 9th. The auto parts company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.06). Motorcar Parts of America had a return on equity of 10.53% and a net margin of 0.86%. The firm had revenue of $92.57 million during the quarter, compared to the consensus estimate of $95.73 million. During the same period in the previous year, the company posted $0.43 EPS. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year.

Several research analysts recently issued reports on MPAA shares. Zacks Investment Research upgraded shares of Motorcar Parts of America from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Thursday, September 13th. BidaskClub upgraded shares of Motorcar Parts of America from a “hold” rating to a “buy” rating in a research report on Wednesday, August 22nd. ValuEngine upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. Finally, Roth Capital set a $25.00 price target on shares of Motorcar Parts of America and gave the stock a “hold” rating in a research report on Sunday, August 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $30.67.

In other Motorcar Parts of America news, Director Joseph Edwin Ferguson sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $26.45, for a total transaction of $26,450.00. Following the transaction, the director now directly owns 3,742 shares in the company, valued at approximately $98,975.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Rudolph J. Borneo sold 3,000 shares of the company’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $26.39, for a total transaction of $79,170.00. Following the transaction, the director now owns 3,000 shares in the company, valued at $79,170. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,500 shares of company stock worth $422,120. 4.70% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its position in Motorcar Parts of America by 93.9% during the 1st quarter. Barclays PLC now owns 5,864 shares of the auto parts company’s stock valued at $125,000 after purchasing an additional 2,840 shares during the period. SG Americas Securities LLC acquired a new position in Motorcar Parts of America during the 2nd quarter valued at about $126,000. A.R.T. Advisors LLC acquired a new position in Motorcar Parts of America during the 1st quarter valued at about $220,000. GSA Capital Partners LLP acquired a new position in Motorcar Parts of America during the 2nd quarter valued at about $308,000. Finally, First Trust Advisors LP lifted its position in Motorcar Parts of America by 18.0% during the 2nd quarter. First Trust Advisors LP now owns 21,616 shares of the auto parts company’s stock valued at $404,000 after purchasing an additional 3,295 shares during the period.

Shares of MPAA traded down $0.22 during trading hours on Thursday, hitting $21.50. The stock had a trading volume of 3,373 shares, compared to its average volume of 186,286. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.48 and a current ratio of 1.46. Motorcar Parts of America has a 52 week low of $18.09 and a 52 week high of $28.98. The firm has a market cap of $404.24 million, a price-to-earnings ratio of 12.67 and a beta of 1.66.

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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