Motorcar Parts of America, Inc. (NASDAQ:MPAA) – Research analysts at FBR & Co cut their Q3 2018 EPS estimates for shares of Motorcar Parts of America in a note issued to investors on Monday. FBR & Co analyst C. Horn now anticipates that the auto parts company will earn $0.67 per share for the quarter, down from their previous forecast of $0.71. FBR & Co has a “Outperform” rating and a $39.00 price objective on the stock. FBR & Co also issued estimates for Motorcar Parts of America’s FY2018 earnings at $2.35 EPS.

Several other analysts also recently commented on the company. Zacks Investment Research downgraded Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. BidaskClub raised Motorcar Parts of America from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Roth Capital set a $31.00 price target on Motorcar Parts of America and gave the stock a “buy” rating in a report on Tuesday, June 13th. One equities 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 company. Motorcar Parts of America has a consensus rating of “Buy” and a consensus price target of $35.50.

WARNING: “FBR & Co Brokers Cut Earnings Estimates for Motorcar Parts of America, Inc. (MPAA)” was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/fbr-co-brokers-cut-earnings-estimates-for-motorcar-parts-of-america-inc-mpaa/1605848.html.

Motorcar Parts of America (NASDAQ:MPAA) traded down 0.14% during midday trading on Tuesday, hitting $28.56. 32,388 shares of the stock traded hands. Motorcar Parts of America has a 52 week low of $21.75 and a 52 week high of $31.57. The stock’s 50-day moving average price is $26.80 and its 200-day moving average price is $28.26. The stock has a market capitalization of $532.22 million, a P/E ratio of 14.80 and a beta of 0.98.

Motorcar Parts of America (NASDAQ:MPAA) last released its quarterly earnings data on Wednesday, August 9th. The auto parts company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $95.06 million for the quarter, compared to analyst estimates of $93.60 million. Motorcar Parts of America had a net margin of 8.75% and a return on equity of 16.77%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned $0.52 earnings per share.

A number of hedge funds have recently modified their holdings of MPAA. Dimensional Fund Advisors LP increased its stake in Motorcar Parts of America by 13.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,076,980 shares of the auto parts company’s stock valued at $30,414,000 after buying an additional 123,693 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Motorcar Parts of America by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,005,058 shares of the auto parts company’s stock worth $28,383,000 after buying an additional 11,783 shares in the last quarter. FMR LLC lifted its position in shares of Motorcar Parts of America by 0.6% during the 1st quarter. FMR LLC now owns 981,349 shares of the auto parts company’s stock worth $30,157,000 after buying an additional 5,400 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Motorcar Parts of America by 533.9% during the 2nd quarter. Royal Bank of Canada now owns 835,139 shares of the auto parts company’s stock worth $23,584,000 after buying an additional 703,390 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Motorcar Parts of America by 4.4% during the 2nd quarter. State Street Corp now owns 429,157 shares of the auto parts company’s stock worth $12,117,000 after buying an additional 18,153 shares in the last quarter.

About Motorcar Parts of America

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.

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

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