U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) – Equities research analysts at Barrington Research reduced their Q1 2019 earnings per share (EPS) estimates for shares of U.S. Auto Parts Network in a report issued on Monday, March 11th. Barrington Research analyst G. Prestopino now forecasts that the specialty retailer will earn ($0.05) per share for the quarter, down from their prior forecast of ($0.01). Barrington Research has a “Buy” rating and a $5.00 price objective on the stock. Barrington Research also issued estimates for U.S. Auto Parts Network’s Q2 2019 earnings at ($0.03) EPS, Q3 2019 earnings at ($0.03) EPS, Q4 2019 earnings at ($0.03) EPS, FY2019 earnings at ($0.14) EPS, Q1 2020 earnings at ($0.04) EPS, Q2 2020 earnings at ($0.01) EPS, Q3 2020 earnings at ($0.02) EPS, Q4 2020 earnings at ($0.02) EPS and FY2020 earnings at ($0.09) EPS.
U.S. Auto Parts Network (NASDAQ:PRTS) last announced its earnings results on Thursday, March 7th. The specialty retailer reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.12). The business had revenue of $64.65 million for the quarter, compared to analysts’ expectations of $61.67 million. U.S. Auto Parts Network had a negative return on equity of 9.02% and a negative net margin of 1.31%.
Shares of PRTS opened at $1.00 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 1.31. The company has a market cap of $34.99 million, a PE ratio of -7.14 and a beta of 1.47. U.S. Auto Parts Network has a 12-month low of $0.88 and a 12-month high of $2.26.
Large investors have recently bought and sold shares of the stock. S. Muoio & CO. LLC purchased a new position in U.S. Auto Parts Network in the 4th quarter valued at $46,000. B. Riley Financial Inc. purchased a new position in U.S. Auto Parts Network in the 4th quarter valued at $168,000. 22NW LP purchased a new position in U.S. Auto Parts Network in the 4th quarter valued at $395,000. Vanguard Group Inc grew its position in U.S. Auto Parts Network by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 885,653 shares of the specialty retailer’s stock valued at $1,373,000 after buying an additional 20,136 shares during the last quarter. Finally, North Star Investment Management Corp. grew its position in U.S. Auto Parts Network by 3.1% in the 4th quarter. North Star Investment Management Corp. now owns 1,786,685 shares of the specialty retailer’s stock valued at $1,626,000 after buying an additional 53,350 shares during the last quarter. Hedge funds and other institutional investors own 29.90% of the company’s stock.
In other news, major shareholder David Kanen sold 42,658 shares of the firm’s stock in a transaction that occurred on Monday, December 24th. The shares were sold at an average price of $0.69, for a total transaction of $29,434.02. Following the transaction, the insider now directly owns 173,514 shares in the company, valued at $119,724.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 458,751 shares of company stock worth $451,043. Insiders own 24.20% of the company’s stock.
U.S. Auto Parts Network Company Profile
U.S. Auto Parts Network, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories primarily in the United States and the Philippines. It offers collision parts, such as parts for the exterior of an automobile; mirror products; engine parts comprising engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce Websites and online marketplaces.
See Also: Why is the price-sales ratio important?
Receive News & Ratings for U.S. Auto Parts Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Auto Parts Network and related companies with MarketBeat.com's FREE daily email newsletter.