Dorel Industries (TSE:DII.B) Announces Quarterly Earnings Results

Dorel Industries (TSE:DII.B) released its earnings results on Thursday. The company reported C($0.90) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$372.38 million during the quarter. Dorel Industries had a negative net margin of 6.47% and a negative return on equity of 48.11%.

Dorel Industries Stock Up 3.7%

Shares of TSE DII.B traded up C$0.06 during trading on Thursday, hitting C$1.70. 30,980 shares of the company traded hands, compared to its average volume of 19,941. The business’s fifty day moving average is C$1.71 and its 200 day moving average is C$1.72. Dorel Industries has a fifty-two week low of C$1.15 and a fifty-two week high of C$2.40. The firm has a market capitalization of C$58.87 million, a price-to-earnings ratio of -0.39, a P/E/G ratio of -0.11 and a beta of 0.63. The company has a debt-to-equity ratio of 287.70, a quick ratio of 0.64 and a current ratio of 1.45.

Wall Street Analyst Weigh In

Separately, TD Securities boosted their target price on shares of Dorel Industries from C$1.50 to C$2.25 and gave the company a “hold” rating in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$2.13.

Dorel Industries Company Profile

Dorel Industries Inc (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products. Dorel’s strength lies in the diversity, innovation, and quality of its products, as well as the superiority of its brands. Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi ®, Safety 1st¿, and Tiny Love ®, complemented by regional brands such as BebeConfort ®, Cosco Kids ®, Mother’s Choice, and Infanti ®. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture.