Sorl Auto Parts (SORL) Scheduled to Post Earnings on Wednesday

Sorl Auto Parts (NASDAQ:SORL) will be releasing its earnings data after the market closes on Wednesday, May 15th. Analysts expect Sorl Auto Parts to post earnings of $0.27 per share for the quarter. Sorl Auto Parts has set its FY 2019 guidance at EPS.

Sorl Auto Parts (NASDAQ:SORL) last issued its quarterly earnings results on Monday, April 1st. The company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.04). Sorl Auto Parts had a return on equity of 11.32% and a net margin of 2.72%. The firm had revenue of $123.30 million for the quarter, compared to the consensus estimate of $104.95 million. On average, analysts expect Sorl Auto Parts to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Sorl Auto Parts stock opened at $3.52 on Tuesday. Sorl Auto Parts has a 1-year low of $1.77 and a 1-year high of $6.88. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.07. The company has a market cap of $69.71 million, a PE ratio of 2.86 and a beta of 2.56.

A number of brokerages have recently weighed in on SORL. ValuEngine raised shares of Sorl Auto Parts from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th. Zacks Investment Research raised shares of Sorl Auto Parts from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 22nd.

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Sorl Auto Parts Company Profile

SORL Auto Parts, Inc, together with its subsidiaries, develops, manufactures, and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers and the related aftermarket in the People's Republic of China. It operates through two segments, Commercial Vehicles Brake Systems and Passenger Vehicles Brake Systems.

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Earnings History for Sorl Auto Parts (NASDAQ:SORL)

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