SORL Auto Parts, Inc. (SORL) to Release Quarterly Earnings on Monday
SORL Auto Parts, Inc. (NASDAQ:SORL) will be announcing its earnings results before the market opens on Monday, August 14th. Analysts expect the company to announce earnings of $0.33 per share for the quarter.
SORL Auto Parts (NASDAQ:SORL) last posted its quarterly earnings data on Monday, May 15th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.21. SORL Auto Parts had a return on equity of 15.84% and a net margin of 8.80%. The company had revenue of $73.90 million during the quarter, compared to analysts’ expectations of $71.76 million. During the same quarter in the previous year, the business earned $0.02 EPS. On average, analysts expect SORL Auto Parts to post $1.29 EPS for the current fiscal year and $1.36 EPS for the next fiscal year.
SORL Auto Parts, Inc. (SORL) opened at 6.65 on Monday. SORL Auto Parts, Inc. has a 12-month low of $1.75 and a 12-month high of $9.74. The stock has a market cap of $128.37 million, a PE ratio of 4.99 and a beta of 1.57. The company’s 50-day moving average price is $7.25 and its 200-day moving average price is $5.06.
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Several research firms have issued reports on SORL. Zacks Investment Research cut SORL Auto Parts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. ValuEngine raised SORL Auto Parts from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd.
SORL Auto Parts Company Profile
SORL Auto Parts, Inc, through its interests in the Ruili Group Ruian Auto Parts Co, Ltd., a Sino-foreign joint venture (Joint Venture), develops, manufactures and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers (OEMs), and the related aftermarket both in China and abroad.
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