Equities analysts expect Motorcar Parts of America, Inc. (NASDAQ:MPAA) to report sales of $94.31 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Motorcar Parts of America’s earnings. The highest sales estimate is $94.70 million and the lowest is $93.92 million. Motorcar Parts of America posted sales of $85.41 million in the same quarter last year, which suggests a positive year over year growth rate of 10.4%. The business is expected to issue its next quarterly earnings report on Tuesday, August 8th.

According to Zacks, analysts expect that Motorcar Parts of America will report full-year sales of $94.31 million for the current fiscal year, with estimates ranging from $460.40 million to $465.50 million. For the next year, analysts expect that the firm will post sales of $502.30 million per share, with estimates ranging from $497.10 million to $507.50 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Motorcar Parts of America.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings data on Wednesday, June 14th. The auto parts company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by $0.02. Motorcar Parts of America had a return on equity of 18.59% and a net margin of 8.92%. The company had revenue of $114.90 million for the quarter, compared to analyst estimates of $113.56 million. During the same period in the previous year, the business posted $0.50 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year.

Several equities analysts have recently commented on MPAA shares. Zacks Investment Research raised Motorcar Parts of America from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. ValuEngine lowered Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Roth Capital set a $31.00 target price on Motorcar Parts of America and gave the company a “buy” rating in a report on Tuesday, June 13th. BidaskClub lowered Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, B. Riley reaffirmed a “buy” rating and set a $39.00 target price on shares of Motorcar Parts of America in a report on Monday, June 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Motorcar Parts of America presently has an average rating of “Hold” and a consensus target price of $35.75.

Shares of Motorcar Parts of America (NASDAQ MPAA) opened at 27.99 on Wednesday. The firm’s 50-day moving average price is $28.01 and its 200-day moving average price is $28.52. Motorcar Parts of America has a 52-week low of $21.75 and a 52-week high of $34.73. The firm has a market capitalization of $522.04 million, a PE ratio of 14.50 and a beta of 0.95.

COPYRIGHT VIOLATION NOTICE: “Analysts Expect Motorcar Parts of America, Inc. (MPAA) Will Post Quarterly Sales of $94.31 Million” was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/07/26/analysts-expect-motorcar-parts-of-america-inc-mpaa-will-post-quarterly-sales-of-94-31-million.html.

In related news, VP Douglas Earl Schooner sold 1,192 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $28.57, for a total value of $34,055.44. Following the completion of the transaction, the vice president now directly owns 4,235 shares of the company’s stock, valued at approximately $120,993.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rudolph J. Borneo sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $27.49, for a total value of $82,470.00. Following the completion of the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $82,470. The disclosure for this sale can be found here. Insiders sold a total of 9,531 shares of company stock valued at $267,616 over the last three months. Corporate insiders own 4.40% of the company’s stock.

Institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue raised its position in shares of Motorcar Parts of America by 77.0% in the second quarter. State of Alaska Department of Revenue now owns 3,664 shares of the auto parts company’s stock worth $103,000 after buying an additional 1,594 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Motorcar Parts of America during the first quarter worth about $106,000. BNP Paribas Arbitrage SA raised its position in shares of Motorcar Parts of America by 13.4% in the first quarter. BNP Paribas Arbitrage SA now owns 3,477 shares of the auto parts company’s stock worth $107,000 after buying an additional 412 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Motorcar Parts of America by 46.4% in the first quarter. Envestnet Asset Management Inc. now owns 3,547 shares of the auto parts company’s stock worth $109,000 after buying an additional 1,124 shares during the period. Finally, Mason Street Advisors LLC raised its position in shares of Motorcar Parts of America by 7.2% in the first quarter. Mason Street Advisors LLC now owns 4,371 shares of the auto parts company’s stock worth $134,000 after buying an additional 292 shares during the period.

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.

Get a free copy of the Zacks research report on Motorcar Parts of America (MPAA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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