Dorel Industries (DIIBF) Projected to Announce Quarterly Earnings on Wednesday

Dorel Industries (OTCMKTS:DIIBF) is projected to post its results after the market closes on Wednesday, August 5th. Analysts expect Dorel Industries to announce earnings of ($0.43) per share and revenue of $283.60 million for the quarter.

Dorel Industries (OTCMKTS:DIIBF) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.58) by ($0.07). The firm had revenue of $267.84 million during the quarter, compared to the consensus estimate of $299.70 million.

Dorel Industries Stock Up 1.3%

Shares of Dorel Industries stock opened at $1.11 on Tuesday. The business has a fifty day simple moving average of $1.14 and a 200-day simple moving average of $1.24. Dorel Industries has a fifty-two week low of $0.83 and a fifty-two week high of $1.76. The firm has a market cap of $38.48 million, a price-to-earnings ratio of -0.26 and a beta of 1.56.

Wall Street Analyst Weigh In

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