$0.54 EPS Expected for Motorcar Parts of America, Inc. (MPAA) This Quarter

Analysts expect Motorcar Parts of America, Inc. (NASDAQ:MPAA) to announce earnings per share (EPS) of $0.54 for the current quarter, Zacks reports. Two analysts have issued estimates for Motorcar Parts of America’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.60. Motorcar Parts of America reported earnings of $0.50 per share during the same quarter last year, which suggests a positive year over year growth rate of 8%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Friday, November 9th.

On average, analysts expect that Motorcar Parts of America will report full-year earnings of $2.06 per share for the current financial year, with EPS estimates ranging from $2.05 to $2.07. For the next fiscal year, analysts anticipate that the business will post earnings of $2.49 per share, with EPS estimates ranging from $2.47 to $2.50. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Motorcar Parts of America.

Several research firms have issued reports on MPAA. BidaskClub cut Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 21st. ValuEngine cut Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 10th. CL King cut Motorcar Parts of America from a “buy” rating to a “neutral” rating in a research note on Friday, November 9th. Finally, Zacks Investment Research cut Motorcar Parts of America from a “strong-buy” rating to a “hold” rating in a research note on Saturday, October 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $30.67.

In other news, Director Jeffrey P. Mirvis sold 12,500 shares of Motorcar Parts of America stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $25.32, for a total value of $316,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Motorcar Parts of America by 20.2% in the third quarter. Vanguard Group Inc. now owns 1,152,737 shares of the auto parts company’s stock valued at $27,031,000 after buying an additional 193,851 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Motorcar Parts of America by 15.0% in the third quarter. Teachers Advisors LLC now owns 40,892 shares of the auto parts company’s stock valued at $959,000 after buying an additional 5,339 shares in the last quarter. Equitable Trust Co. grew its stake in shares of Motorcar Parts of America by 44.3% in the third quarter. Equitable Trust Co. now owns 54,060 shares of the auto parts company’s stock valued at $1,268,000 after buying an additional 16,600 shares in the last quarter. MetLife Investment Advisors LLC grew its stake in shares of Motorcar Parts of America by 63.2% in the third quarter. MetLife Investment Advisors LLC now owns 13,057 shares of the auto parts company’s stock valued at $306,000 after buying an additional 5,057 shares in the last quarter. Finally, Private Capital Management LLC grew its stake in shares of Motorcar Parts of America by 1.6% in the third quarter. Private Capital Management LLC now owns 1,458,150 shares of the auto parts company’s stock valued at $34,194,000 after buying an additional 22,890 shares in the last quarter.

MPAA stock traded up $0.10 during midday trading on Friday, hitting $17.95. 162,522 shares of the company’s stock were exchanged, compared to its average volume of 266,253. The company has a quick ratio of 0.48, a current ratio of 1.46 and a debt-to-equity ratio of 0.10. The stock has a market cap of $337.65 million, a price-to-earnings ratio of 10.56 and a beta of 1.66. Motorcar Parts of America has a 1-year low of $12.09 and a 1-year high of $28.98.

About Motorcar Parts of America

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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