Equities analysts expect Motorcar Parts of America, Inc. (NASDAQ:MPAA) to post $119.23 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Motorcar Parts of America’s earnings, with the highest sales estimate coming in at $124.10 million and the lowest estimate coming in at $114.90 million. Motorcar Parts of America posted sales of $112.60 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.9%. The firm is scheduled to issue its next earnings report on Thursday, February 8th.

On average, analysts expect that Motorcar Parts of America will report full year sales of $119.23 million for the current year, with estimates ranging from $455.80 million to $465.50 million. For the next financial year, analysts anticipate that the company will post sales of $504.90 million per share, with estimates ranging from $490.10 million to $516.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Motorcar Parts of America.

Motorcar Parts of America (NASDAQ:MPAA) last issued its earnings results on Thursday, November 9th. The auto parts company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.06). The business had revenue of $111.77 million for the quarter, compared to the consensus estimate of $112.83 million. Motorcar Parts of America had a return on equity of 15.15% and a net margin of 8.03%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 earnings per share.

A number of equities analysts have recently commented on the company. B. Riley reissued a “buy” rating on shares of Motorcar Parts of America in a report on Wednesday, November 1st. Zacks Investment Research raised Motorcar Parts of America from a “sell” rating to a “hold” rating and set a $28.00 target price for the company in a report on Wednesday, August 16th. BidaskClub lowered Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. TheStreet upgraded Motorcar Parts of America from a “c” rating to a “b-” rating in a research report on Monday, October 9th. Finally, ValuEngine lowered Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Motorcar Parts of America presently has a consensus rating of “Hold” and a consensus price target of $35.50.

Motorcar Parts of America (NASDAQ MPAA) opened at $24.83 on Tuesday. The firm has a market capitalization of $483.99, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 0.49 and a beta of 0.93. The company has a quick ratio of 0.29, a current ratio of 0.89 and a debt-to-equity ratio of 0.06. Motorcar Parts of America has a fifty-two week low of $24.13 and a fifty-two week high of $31.57.

Large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue boosted its holdings in 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 acquiring an additional 1,594 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Motorcar Parts of America by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,060 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 608 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Motorcar Parts of America by 1.4% in the second quarter. Bank of Montreal Can now owns 4,901 shares of the auto parts company’s stock worth $138,000 after purchasing an additional 68 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Motorcar Parts of America by 57.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,478 shares of the auto parts company’s stock worth $155,000 after purchasing an additional 2,001 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of Motorcar Parts of America by 14.8% in the second quarter. Voya Investment Management LLC now owns 9,322 shares of the auto parts company’s stock worth $263,000 after purchasing an additional 1,204 shares during the last quarter.

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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.

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

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