Motorcar Parts of America, Inc. (NASDAQ:MPAA) – Stock analysts at FBR & Co issued their Q1 2019 earnings estimates for Motorcar Parts of America in a research report issued on Monday. FBR & Co analyst C. Horn forecasts that the auto parts company will post earnings per share of $0.50 for the quarter. FBR & Co has a “Outperform” rating and a $39.00 price objective on the stock. FBR & Co also issued estimates for Motorcar Parts of America’s Q2 2019 earnings at $0.68 EPS, Q3 2019 earnings at $0.78 EPS and Q4 2019 earnings at $0.88 EPS.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings results on Wednesday, August 9th. The auto parts company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $95.06 million for the quarter, compared to analyst estimates of $93.60 million. Motorcar Parts of America had a net margin of 8.75% and a return on equity of 16.77%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 earnings per share.

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A number of other equities analysts have also recently commented on the stock. Roth Capital set a $31.00 target price on shares of Motorcar Parts of America and gave the company a “buy” rating in a report on Tuesday, June 13th. B. Riley reiterated a “buy” rating and issued a $39.00 price target on shares of Motorcar Parts of America in a research report on Monday, June 12th. Zacks Investment Research upgraded shares of Motorcar Parts of America from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Wednesday, August 30th. TheStreet cut shares of Motorcar Parts of America from a “b-” rating to a “c” rating in a research note on Monday, August 28th. Finally, BidaskClub upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Motorcar Parts of America presently has a consensus rating of “Buy” and a consensus target price of $35.50.

Motorcar Parts of America (NASDAQ MPAA) traded down 0.10% during trading on Wednesday, hitting $28.74. The company’s stock had a trading volume of 93,144 shares. Motorcar Parts of America has a one year low of $21.75 and a one year high of $31.57. The company has a 50-day moving average of $26.84 and a 200 day moving average of $28.26. The firm has a market cap of $535.57 million, a PE ratio of 14.89 and a beta of 0.98.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can grew its position in Motorcar Parts of America by 1.4% in the 2nd quarter. Bank of Montreal Can now owns 4,901 shares of the auto parts company’s stock valued at $138,000 after buying an additional 68 shares during the last quarter. Arizona State Retirement System increased its stake in Motorcar Parts of America by 1.0% in the 1st quarter. Arizona State Retirement System now owns 9,700 shares of the auto parts company’s stock valued at $298,000 after buying an additional 100 shares during the period. Texas Permanent School Fund increased its stake in Motorcar Parts of America by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 13,649 shares of the auto parts company’s stock valued at $385,000 after buying an additional 114 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in Motorcar Parts of America by 0.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,740 shares of the auto parts company’s stock valued at $530,000 after buying an additional 140 shares during the period. Finally, Aperio Group LLC increased its stake in Motorcar Parts of America by 2.6% in the 2nd quarter. Aperio Group LLC now owns 9,908 shares of the auto parts company’s stock valued at $280,000 after buying an additional 253 shares during the period.

About Motorcar Parts of America

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.

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

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