Motorcar Parts of America (MPAA) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Motorcar Parts of America (NASDAQ:MPAA) released its quarterly earnings data on Thursday. The auto parts company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06), Bloomberg Earnings reports. Motorcar Parts of America had a net margin of 3.81% and a return on equity of 12.45%. The company had revenue of $92.57 million during the quarter, compared to the consensus estimate of $95.73 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis.

Motorcar Parts of America traded up $0.60, reaching $24.03, during trading hours on Friday, according to Marketbeat. 508,000 shares of the company’s stock were exchanged, compared to its average volume of 204,852. The firm has a market cap of $411.22 million, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.48 and a beta of 1.64. Motorcar Parts of America has a one year low of $18.09 and a one year high of $30.16. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.74 and a quick ratio of 0.28.

Several equities research analysts have recently weighed in on MPAA shares. BidaskClub upgraded Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Roth Capital lowered Motorcar Parts of America from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $26.00 to $22.00 in a research note on Friday, June 15th. Zacks Investment Research upgraded Motorcar Parts of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 17th. Finally, ValuEngine lowered Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $31.00.

Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers, brake power boosters, and diagnostic equipment.

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

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