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, 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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