Equities research analysts expect Motorcar Parts of America, Inc. (NASDAQ:MPAA) to report sales of $120.30 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Motorcar Parts of America’s earnings, with the highest sales estimate coming in at $123.40 million and the lowest estimate coming in at $117.20 million. Motorcar Parts of America reported sales of $111.77 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.6%. The business is expected to issue its next quarterly earnings results on Thursday, November 8th.

On average, analysts expect that Motorcar Parts of America will report full-year sales of $472.45 million for the current fiscal year, with estimates ranging from $471.40 million to $473.50 million. For the next fiscal year, analysts anticipate that the firm will report sales of $517.10 million per share, with estimates ranging from $511.50 million to $522.70 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Motorcar Parts of America.

Motorcar Parts of America (NASDAQ:MPAA) last released its earnings results on Thursday, August 9th. The auto parts company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.06). The firm had revenue of $92.57 million during the quarter, compared to the consensus estimate of $95.73 million. Motorcar Parts of America had a return on equity of 10.53% and a net margin of 0.86%. Motorcar Parts of America’s revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS.

Several research firms have recently issued reports on MPAA. BidaskClub upgraded shares of Motorcar Parts of America from a “strong sell” rating to a “sell” rating in a report on Friday, July 6th. ValuEngine upgraded shares of Motorcar Parts of America from a “strong sell” rating to a “sell” rating in a report on Friday, August 10th. Zacks Investment Research upgraded shares of Motorcar Parts of America from a “strong sell” rating to a “hold” rating in a report on Thursday. Finally, Roth Capital set a $25.00 target price on shares of Motorcar Parts of America and gave the stock a “hold” rating in a report on Sunday, August 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $32.00.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its holdings in Motorcar Parts of America by 93.9% during the 1st quarter. Barclays PLC now owns 5,864 shares of the auto parts company’s stock valued at $125,000 after buying an additional 2,840 shares in the last quarter. SG Americas Securities LLC bought a new stake in Motorcar Parts of America during the 2nd quarter valued at about $126,000. MetLife Investment Advisors LLC bought a new stake in Motorcar Parts of America during the 4th quarter valued at about $200,000. A.R.T. Advisors LLC bought a new stake in Motorcar Parts of America during the 1st quarter valued at about $220,000. Finally, GSA Capital Partners LLP bought a new stake in Motorcar Parts of America during the 2nd quarter valued at about $308,000.

Motorcar Parts of America stock opened at $24.75 on Monday. The stock has a market capitalization of $454.65 million, a PE ratio of 14.56, a PEG ratio of 0.53 and a beta of 1.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.46 and a quick ratio of 0.48. Motorcar Parts of America has a 12-month low of $18.09 and a 12-month high of $30.16.

Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application 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, brake power boosters, and diagnostic equipment.

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

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