Motorcar Parts of America (MPAA) Releases Quarterly Earnings, Beats Expectations By $0.05 EPS
Motorcar Parts of America (NASDAQ:MPAA) issued its quarterly earnings data on Monday. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.05, AnalystRatings.Net reports. The company had revenue of $63.00 million for the quarter, compared to the consensus estimate of $60.84 million.
MPAA has been the subject of a number of recent research reports. 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 analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $42.33.
Shares of Motorcar Parts of America (NASDAQ:MPAA) opened at 23.79 on Monday. Motorcar Parts of America has a one year low of $9.00 and a one year high of $29.29. The stock’s 50-day moving average is $23.89 and its 200-day moving average is $24.49. The company has a market cap of $358.8 million and a P/E ratio of 3.40.
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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