News articles about Motorcar Parts of America (NASDAQ:MPAA) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Motorcar Parts of America earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the auto parts company an impact score of 45.536019820571 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Motorcar Parts of America (MPAA) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
- Motorcar Parts of America Inc. (MPAA) Expected to Announce Quarterly Sales of $124.26 Million (americanbankingnews.com)
- Brokerages Anticipate Motorcar Parts of America Inc. (MPAA) to Post $0.72 EPS (americanbankingnews.com)
- Motorcar Parts of America (MPAA) Raised to Hold at Zacks Investment Research (americanbankingnews.com)
- Motorcar Parts of America (MPAA) Earns “Buy” Rating from B. Riley (americanbankingnews.com)
MPAA has been the subject of several recent research reports. Zacks Investment Research raised Motorcar Parts of America from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 17th. BidaskClub cut Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 24th. ValuEngine cut Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. B. Riley reiterated a “buy” rating and set a $39.00 price objective on shares of Motorcar Parts of America in a research report on Monday, February 12th. Finally, Roth Capital set a $26.00 price target on Motorcar Parts of America and gave the company a “buy” rating in a report on Monday, February 12th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Motorcar Parts of America has a consensus rating of “Hold” and a consensus price target of $34.00.
Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings data on Friday, February 9th. The auto parts company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.15). The business had revenue of $100.10 million for the quarter, compared to analysts’ expectations of $113.46 million. Motorcar Parts of America had a return on equity of 13.00% and a net margin of 4.02%. Motorcar Parts of America’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 earnings per share. sell-side analysts expect that Motorcar Parts of America will post 1.81 EPS for the current year.
Motorcar Parts of America declared that its Board of Directors has initiated a share buyback program on Friday, February 9th that allows the company to buyback $5.00 million in shares. This buyback authorization allows the auto parts company to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.
In other news, CEO Joffe Selwyn acquired 5,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was acquired at an average price of $21.00 per share, for a total transaction of $105,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 140,271 shares in the company, valued at approximately $2,945,691. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have acquired a total of 6,612 shares of company stock valued at $140,356 in the last quarter. 4.20% of the stock is currently owned by insiders.
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Motorcar Parts of America Company Profile
Motorcar Parts of America, Inc manufactures, remanufactures, and distributes automotive aftermarket 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 and brake power boosters for import and domestic cars, light trucks, heavy duty, agricultural, and industrial applications.
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