FY2018 Earnings Estimate for Motorcar Parts of America, Inc. (MPAA) Issued By B. Riley

Motorcar Parts of America, Inc. (NASDAQ:MPAA) – Analysts at B. Riley cut their FY2018 earnings per share (EPS) estimates for shares of Motorcar Parts of America in a research note issued on Tuesday. B. Riley analyst C. Horn now expects that the auto parts company will post earnings per share of $2.12 for the year, down from their previous forecast of $2.35. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Motorcar Parts of America’s Q4 2018 earnings at $0.78 EPS, Q1 2019 earnings at $0.49 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.70 EPS, Q4 2019 earnings at $0.87 EPS and FY2019 earnings at $2.73 EPS.

Several other research analysts have also weighed in on the stock. BidaskClub lowered shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Saturday. ValuEngine lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Motorcar Parts of America from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, TheStreet lowered shares of Motorcar Parts of America from a “b-” rating to a “c” rating in a research note on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.50.

Motorcar Parts of America (NASDAQ MPAA) traded up $0.22 during trading on Wednesday, reaching $25.70. 35,418 shares of the company’s stock traded hands, compared to its average volume of 144,053. The firm has a market cap of $477.69, a price-to-earnings ratio of 12.72, a PEG ratio of 0.52 and a beta of 0.99. The company has a current ratio of 0.89, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. Motorcar Parts of America has a 1 year low of $23.92 and a 1 year high of $31.57.

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

Several institutional investors and hedge funds have recently made changes to their positions in MPAA. Schwab Charles Investment Management Inc. increased its stake in shares of Motorcar Parts of America by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 84,426 shares of the auto parts company’s stock worth $2,385,000 after purchasing an additional 437 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Motorcar Parts of America by 10.4% during the 2nd quarter. Teachers Advisors LLC now owns 33,221 shares of the auto parts company’s stock worth $938,000 after purchasing an additional 3,134 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Motorcar Parts of America by 1.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 49,111 shares of the auto parts company’s stock worth $1,387,000 after purchasing an additional 572 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of Motorcar Parts of America by 100.4% during the 2nd quarter. Nationwide Fund Advisors now owns 27,945 shares of the auto parts company’s stock worth $789,000 after purchasing an additional 14,002 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in shares of Motorcar Parts of America by 7.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 11,290 shares of the auto parts company’s stock worth $319,000 after purchasing an additional 820 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.

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

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