Motorcar Parts of America (MPAA) Scheduled to Post Earnings on Monday
Motorcar Parts of America (NASDAQ:MPAA) will be posting its Q115 quarterly earnings results on Monday, August 11th. Analysts expect Motorcar Parts of America to post earnings of $0.25 per share and revenue of $60.84 million for the quarter.
Motorcar Parts of America (NASDAQ:MPAA) last announced its earnings results on Monday, June 16th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.04. The company had revenue of $76.70 million for the quarter, compared to the consensus estimate of $70.65 million. During the same quarter last year, the company posted ($0.14) earnings per share. Motorcar Parts of America’s revenue was up 32.2% compared to the same quarter last year. On average, analysts expect Motorcar Parts of America to post $1.60 EPS for the current fiscal year and $1.97 EPS for the next fiscal year.
Shares of Motorcar Parts of America (NASDAQ:MPAA) opened at 23.26 on Friday. Motorcar Parts of America has a 52-week low of $8.60 and a 52-week high of $29.29. The stock’s 50-day moving average is $23.91 and its 200-day moving average is $24.4. The company has a market cap of $350.8 million and a P/E ratio of 3.35.
A number of analysts have recently weighed in on MPAA shares. Analysts at TheStreet upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Wednesday, June 18th. Analysts at B. Riley cut their price target on shares of Motorcar Parts of America from $34.00 to $28.00 in a research note on Friday, June 13th. One investment analyst has rated the stock with a hold rating and two have assigned a buy rating to the stock. Motorcar Parts of America currently has an average rating of “Buy” and a consensus target price of $42.33.
Motorcar Parts of America, Inc (NASDAQ:MPAA) is a manufactures, remanufactures and distributes new and remanufactured steering components, brake calipers, master cylinders, hub assembly and bearings, and clutches and clutch hydraulics for virtually all passenger and truck vehicles.
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