Equities research analysts forecast that Motorcar Parts of America, Inc. (NASDAQ:MPAA) will post $112.83 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Motorcar Parts of America’s earnings. The highest sales estimate is $113.10 million and the lowest is $112.50 million. Motorcar Parts of America posted sales of $108.84 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.7%. The company is scheduled to issue its next quarterly earnings results on Wednesday, November 8th.

On average, analysts expect that Motorcar Parts of America will report full-year sales of $112.83 million for the current year, with estimates ranging from $460.40 million to $465.50 million. For the next year, analysts expect that the company will post sales of $507.40 million per share, with estimates ranging from $497.60 million to $516.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Motorcar Parts of America.

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

Several brokerages recently weighed in on MPAA. Zacks Investment Research raised shares of Motorcar Parts of America from a “sell” rating to a “hold” rating and set a $28.00 target price on the stock in a report on Wednesday, August 16th. BidaskClub cut shares of Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. TheStreet raised shares of Motorcar Parts of America from a “c” rating to a “b-” rating in a report on Monday, October 9th. FBR & Co reaffirmed an “outperform” rating and issued a $39.00 target price on shares of Motorcar Parts of America in a report on Tuesday, July 18th. Finally, ValuEngine cut shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $35.50.

A number of hedge funds have recently added to or reduced their stakes in MPAA. Royal Bank of Canada raised its holdings in Motorcar Parts of America by 533.9% during the second quarter. Royal Bank of Canada now owns 835,139 shares of the auto parts company’s stock worth $23,584,000 after purchasing an additional 703,390 shares in the last quarter. Ashford Capital Management Inc. acquired a new stake in Motorcar Parts of America during the second quarter worth approximately $11,330,000. Vanguard Group Inc. raised its holdings in Motorcar Parts of America by 24.2% during the first quarter. Vanguard Group Inc. now owns 993,275 shares of the auto parts company’s stock worth $30,523,000 after purchasing an additional 193,579 shares in the last quarter. Northpointe Capital LLC raised its holdings in Motorcar Parts of America by 268.7% during the second quarter. Northpointe Capital LLC now owns 254,344 shares of the auto parts company’s stock worth $7,183,000 after purchasing an additional 185,363 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Motorcar Parts of America by 13.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,076,980 shares of the auto parts company’s stock worth $30,414,000 after purchasing an additional 123,693 shares in the last quarter.

Motorcar Parts of America (MPAA) opened at 28.65 on Friday. The stock has a market cap of $533.89 million, a P/E ratio of 14.84 and a beta of 0.98. The stock has a 50 day moving average of $28.41 and a 200-day moving average of $28.29. Motorcar Parts of America has a 12 month low of $21.75 and a 12 month high of $31.57.

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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.

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

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