$0.49 Earnings Per Share Expected for Motorcar Parts of America, Inc. (MPAA) This Quarter

Equities research analysts expect Motorcar Parts of America, Inc. (NASDAQ:MPAA) to announce earnings of $0.49 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Motorcar Parts of America’s earnings. The lowest EPS estimate is $0.47 and the highest is $0.50. Motorcar Parts of America reported earnings of $0.60 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 18.3%. The business is expected to issue its next quarterly earnings results before the market opens on Friday, February 9th.

On average, analysts expect that Motorcar Parts of America will report full-year earnings of $2.06 per share for the current year, with EPS estimates ranging from $1.96 to $2.15. For the next year, analysts expect that the company will post earnings of $2.46 per share, with EPS estimates ranging from $2.31 to $2.73. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Motorcar Parts of America.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings results on Friday, February 9th. The auto parts company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.15). The company had revenue of $100.10 million during the quarter, compared to analysts’ expectations of $113.46 million. Motorcar Parts of America had a net margin of 8.03% and a return on equity of 15.15%. Motorcar Parts of America’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share.

Several equities research analysts recently issued reports on MPAA shares. B. Riley reissued a “buy” rating on shares of Motorcar Parts of America in a research note on Wednesday, November 1st. ValuEngine lowered Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Thursday. BidaskClub lowered Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Finally, TheStreet lowered Motorcar Parts of America from a “b-” rating to a “c” rating in a research note on Tuesday, December 5th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Motorcar Parts of America presently has a consensus rating of “Hold” and an average target price of $35.50.

A number of large investors have recently bought and sold shares of MPAA. Victory Capital Management Inc. lifted its stake in Motorcar Parts of America by 44.5% during the third quarter. Victory Capital Management Inc. now owns 5,866 shares of the auto parts company’s stock worth $173,000 after purchasing an additional 1,806 shares during the last quarter. Voya Investment Management LLC lifted its stake in Motorcar Parts of America by 14.8% during 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. BNP Paribas Arbitrage SA lifted its stake in Motorcar Parts of America by 71.3% during the third quarter. BNP Paribas Arbitrage SA now owns 9,385 shares of the auto parts company’s stock worth $276,000 after purchasing an additional 3,907 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Motorcar Parts of America during the second quarter worth about $292,000. Finally, Thrivent Financial For Lutherans lifted its stake in Motorcar Parts of America by 7.8% during the second 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.

Shares of Motorcar Parts of America (NASDAQ MPAA) traded down $2.50 during midday trading on Friday, hitting $22.01. The stock had a trading volume of 1,363,678 shares, compared to its average volume of 195,649. The stock has a market capitalization of $484.75, a PE ratio of 12.30, a PEG ratio of 0.55 and a beta of 0.99. Motorcar Parts of America has a one year low of $20.94 and a one year high of $31.57. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.89.

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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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