Wall Street brokerages expect Motorcar Parts of America, Inc. (NASDAQ:MPAA) to post sales of $112.83 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Motorcar Parts of America’s earnings, with the lowest sales estimate coming in at $112.50 million and the highest estimate coming in at $113.10 million. Motorcar Parts of America reported sales of $108.84 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.7%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 8th.

On average, analysts expect that Motorcar Parts of America will report full-year sales of $112.83 million for the current financial year, with estimates ranging from $460.40 million to $465.50 million. For the next fiscal year, analysts forecast that the company will post sales of $507.40 million per share, with estimates ranging from $497.60 million to $516.20 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Motorcar Parts of America.

Motorcar Parts of America (NASDAQ:MPAA) last posted its earnings results on Wednesday, August 9th. The auto parts company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.04. Motorcar Parts of America had a net margin of 8.75% and a return on equity of 16.77%. The company had revenue of $95.06 million for the quarter, compared to analysts’ expectations of $93.60 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. Motorcar Parts of America’s revenue for the quarter was up 11.3% compared to the same quarter last year.

A number of brokerages have recently issued reports on MPAA. B. Riley reiterated a “buy” rating and set a $39.00 target price on shares of Motorcar Parts of America in a report on Monday, June 12th. Zacks Investment Research raised Motorcar Parts of America from a “sell” rating to a “hold” rating and set a $28.00 target price on the stock in a research report on Wednesday, August 16th. BidaskClub lowered Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. TheStreet lowered Motorcar Parts of America from a “b-” rating to a “c” rating in a research report on Monday, August 28th. Finally, ValuEngine lowered Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Motorcar Parts of America has an average rating of “Buy” and an average target price of $35.50.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Credit Agricole S A purchased a new stake in Motorcar Parts of America in the 1st quarter worth about $317,000. Victory Capital Management Inc. acquired a new position in Motorcar Parts of America in the 1st quarter worth about $106,000. BNP Paribas Arbitrage SA increased its position in Motorcar Parts of America by 13.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,477 shares of the auto parts company’s stock worth $107,000 after purchasing an additional 412 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Motorcar Parts of America by 46.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,547 shares of the auto parts company’s stock worth $109,000 after purchasing an additional 1,124 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in Motorcar Parts of America by 77.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,664 shares of the auto parts company’s stock worth $103,000 after purchasing an additional 1,594 shares during the last quarter.

Motorcar Parts of America (MPAA) opened at 29.24 on Friday. Motorcar Parts of America has a 52-week low of $21.75 and a 52-week high of $31.57. The firm has a market cap of $544.89 million, a PE ratio of 15.15 and a beta of 0.98. The firm has a 50-day moving average of $27.17 and a 200-day moving average of $28.28.

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Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.

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

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