$124.26 Million in Sales Expected for Motorcar Parts of America Inc. (MPAA) This Quarter

Equities analysts expect that Motorcar Parts of America Inc. (NASDAQ:MPAA) will post sales of $124.26 million for the current quarter, according to Zacks. Three analysts have issued estimates for Motorcar Parts of America’s earnings, with the highest sales estimate coming in at $125.77 million and the lowest estimate coming in at $122.60 million. Motorcar Parts of America posted sales of $114.41 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.6%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, June 13th.

On average, analysts expect that Motorcar Parts of America will report full year sales of $124.26 million for the current year, with estimates ranging from $429.50 million to $437.10 million. For the next year, analysts anticipate that the business will post sales of $478.89 million per share, with estimates ranging from $468.70 million to $495.17 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Motorcar Parts of America.

How to Become a New Pot Stock Millionaire

Motorcar Parts of America (NASDAQ:MPAA) last announced its earnings results on Friday, February 9th. The auto parts company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.15). The business had revenue of $100.10 million for the quarter, compared to the consensus estimate of $113.46 million. Motorcar Parts of America had a net margin of 4.02% and a return on equity of 13.00%. Motorcar Parts of America’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS.

Several brokerages recently weighed in on MPAA. BidaskClub downgraded shares of Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Roth Capital set a $26.00 price target on shares of Motorcar Parts of America and gave the company a “buy” rating in a research report on Monday, February 12th. B. Riley reissued a “buy” rating and set a $39.00 price target on shares of Motorcar Parts of America in a research report on Monday, February 12th. Zacks Investment Research downgraded shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Finally, ValuEngine downgraded shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $34.00.

In other news, CEO Joffe Selwyn bought 5,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of $21.00 per share, for a total transaction of $105,000.00. Following the purchase, the chief executive officer now owns 140,271 shares in the company, valued at $2,945,691. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought a total of 6,612 shares of company stock worth $140,356 in the last quarter. Corporate insiders own 4.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC purchased a new stake in Motorcar Parts of America in the 4th quarter worth $200,000. BNP Paribas Arbitrage SA increased its holdings in shares of Motorcar Parts of America by 71.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 9,385 shares of the auto parts company’s stock worth $276,000 after buying an additional 3,907 shares during the last quarter. HBK Investments L P bought a new stake in shares of Motorcar Parts of America in the 4th quarter worth about $240,000. Brandywine Global Investment Management LLC bought a new stake in shares of Motorcar Parts of America in the 4th quarter worth about $277,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Motorcar Parts of America in the 4th quarter worth about $288,000.

Shares of MPAA traded down $0.19 on Tuesday, hitting $21.91. 119,983 shares of the stock traded hands, compared to its average volume of 149,037. The company has a market capitalization of $417.91, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 0.37 and a beta of 1.16. The company has a quick ratio of 0.18, a current ratio of 0.74 and a debt-to-equity ratio of 0.05. Motorcar Parts of America has a one year low of $20.11 and a one year high of $31.57.

Motorcar Parts of America declared that its Board of Directors has authorized a stock buyback program on Friday, February 9th that allows the company to buyback $5.00 million in outstanding shares. This buyback authorization allows the auto parts company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

WARNING: “$124.26 Million in Sales Expected for Motorcar Parts of America Inc. (MPAA) This Quarter” was originally reported by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3341674/124-26-million-in-sales-expected-for-motorcar-parts-of-america-inc-mpaa-this-quarter.html.

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.

Get a free copy of the Zacks research report on Motorcar Parts of America (MPAA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Motorcar Parts of America (NASDAQ:MPAA)

Receive News & Ratings for Motorcar Parts of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorcar Parts of America and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

ClearPoll Market Cap Achieves $8.14 Million
ClearPoll Market Cap Achieves $8.14 Million
CRTCoin  Price Hits $0.40 on Top Exchanges
CRTCoin Price Hits $0.40 on Top Exchanges
Cara Therapeutics  Receives $25.18 Consensus Target Price from Analysts
Cara Therapeutics Receives $25.18 Consensus Target Price from Analysts
Brokerages Set Tallgrass Energy Partners LP  Price Target at $48.67
Brokerages Set Tallgrass Energy Partners LP Price Target at $48.67
Amarin Co.  Expected to Post Earnings of -$0.07 Per Share
Amarin Co. Expected to Post Earnings of -$0.07 Per Share
Etheroll  Trading Up 58.5% Over Last 7 Days
Etheroll Trading Up 58.5% Over Last 7 Days


Leave a Reply

© 2006-2018 Ticker Report. Google+.