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

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Equities analysts forecast that Motorcar Parts of America, Inc. (NASDAQ:MPAA) will announce earnings of $0.54 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided 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 posted earnings of $0.50 per share during the same quarter last year, which indicates a positive year over year growth rate of 8%. The business is expected to announce its next quarterly earnings report on Thursday, November 8th.

According to Zacks, 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 year, analysts anticipate that the company will post earnings of $2.49 per share, with EPS estimates ranging from $2.47 to $2.50. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Motorcar Parts of America.

Motorcar Parts of America (NASDAQ:MPAA) last released its earnings results on Thursday, August 9th. The auto parts company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). The business had revenue of $92.57 million for the quarter, compared to analysts’ expectations of $95.73 million. Motorcar Parts of America had a return on equity of 10.53% and a net margin of 0.86%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS.

Several equities analysts have weighed in on the company. Zacks Investment Research cut Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Wednesday, June 20th. ValuEngine upgraded Motorcar Parts of America from a “strong sell” rating to a “sell” rating in a report on Friday, August 10th. BidaskClub cut Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Finally, Roth Capital cut Motorcar Parts of America from a “buy” rating to a “neutral” rating and cut their price target for the company from $26.00 to $22.00 in a report on Friday, June 15th. Two 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 stock. Motorcar Parts of America presently has an average rating of “Hold” and an average price target of $30.67.

NASDAQ MPAA traded up $0.77 during trading on Monday, hitting $21.67. 325,796 shares of the stock traded hands, compared to its average volume of 194,030. The stock has a market capitalization of $443.58 million, a PE ratio of 12.75 and a beta of 1.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.46 and a quick ratio of 0.48. Motorcar Parts of America has a 12-month low of $18.09 and a 12-month high of $30.16.

In other Motorcar Parts of America news, Director Joseph Edwin Ferguson sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $26.45, for a total transaction of $26,450.00. Following the completion of the transaction, the director now owns 3,742 shares in the company, valued at approximately $98,975.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey P. Mirvis sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $25.32, for a total value of $316,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 16,500 shares of company stock valued at $422,120 in the last 90 days. 4.70% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Private Capital Management LLC bought a new stake in shares of Motorcar Parts of America in the 2nd quarter valued at approximately $26,854,000. Heartland Advisors Inc. bought a new stake in shares of Motorcar Parts of America in the 2nd quarter valued at approximately $5,145,000. BlackRock Inc. lifted its stake in shares of Motorcar Parts of America by 6.0% in the 2nd quarter. BlackRock Inc. now owns 2,652,912 shares of the auto parts company’s stock valued at $49,636,000 after purchasing an additional 151,139 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Motorcar Parts of America by 10.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,551,951 shares of the auto parts company’s stock valued at $29,037,000 after purchasing an additional 148,760 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. lifted its stake in shares of Motorcar Parts of America by 34.8% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 516,898 shares of the auto parts company’s stock valued at $11,077,000 after purchasing an additional 133,400 shares during the last quarter.

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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