Dorel Industries (OTCMKTS:DIIBF) Posts Earnings Results, Misses Expectations By $0.25 EPS

Dorel Industries (OTCMKTS:DIIBF) released its quarterly earnings results on Wednesday. The company reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.25), Zacks reports. The business had revenue of $249.50 million during the quarter, compared to the consensus estimate of $283.60 million.

Dorel Industries Price Performance

OTCMKTS DIIBF traded down $0.11 on Thursday, hitting $1.03. 14,825 shares of the company’s stock were exchanged, compared to its average volume of 5,147. The firm has a market cap of $35.71 million, a price-to-earnings ratio of -0.24 and a beta of 1.58. The firm’s 50-day moving average price is $1.13 and its two-hundred day moving average price is $1.23. Dorel Industries has a fifty-two week low of $0.83 and a fifty-two week high of $1.76.

Wall Street Analysts Forecast Growth

Separately, TD Securities upgraded shares of Dorel Industries to a “hold” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

About Dorel Industries

Dorel Industries Inc is a publicly traded Canadian company engaged in the design, manufacture and distribution of consumer products across two core segments. Headquartered in Montreal, Quebec, Dorel serves retailers and end consumers in North America, Europe and select markets in Asia and Latin America. The company markets globally recognized brands and maintains an integrated supply chain encompassing product development, manufacturing and distribution.

The Dorel Juvenile segment produces a wide range of baby and children’s products, including car seats, strollers, high chairs, play yards and nursery furniture.