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

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

Dorel Industries Trading Down 6.5%

TSE DII.B opened at C$1.59 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.64 and a debt-to-equity ratio of 287.70. The stock has a market cap of C$55.06 million, a P/E ratio of -0.36, a P/E/G ratio of -0.11 and a beta of 0.63. The company has a fifty day simple moving average of C$1.71 and a two-hundred day simple moving average of C$1.72. Dorel Industries has a 12-month low of C$1.15 and a 12-month high of C$2.40.

Wall Street Analysts Forecast Growth

Separately, TD Securities increased 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 research report on Thursday, March 12th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Dorel Industries has a consensus rating of “Hold” and a consensus price target of C$2.13.

About Dorel Industries

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.