Brokerages expect Motorcar Parts of America, Inc. (NASDAQ:MPAA) to announce earnings of $0.43 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Motorcar Parts of America’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.42. Motorcar Parts of America reported earnings per share of $0.35 in the same quarter last year, which would suggest a positive year over year growth rate of 22.9%. The company is scheduled to issue its next quarterly earnings results on Monday, February 10th.

According to Zacks, analysts expect that Motorcar Parts of America will report full year earnings of $1.82 per share for the current fiscal year, with EPS estimates ranging from $1.78 to $1.85. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.14 per share. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Motorcar Parts of America.

Motorcar Parts of America (NASDAQ:MPAA) last released its quarterly earnings results on Tuesday, November 12th. The auto parts company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.26. Motorcar Parts of America had a negative net margin of 1.14% and a positive return on equity of 10.48%. The business had revenue of $151.43 million during the quarter, compared to analysts’ expectations of $142.98 million. During the same quarter in the previous year, the company earned $0.60 EPS. The business’s quarterly revenue was up 16.4% compared to the same quarter last year.

MPAA has been the subject of a number of research reports. Zacks Investment Research cut shares of Motorcar Parts of America from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. BidaskClub cut shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. Roth Capital upped their price objective on shares of Motorcar Parts of America from $17.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. TheStreet raised shares of Motorcar Parts of America from a “d+” rating to a “c-” rating in a research note on Monday, November 4th. Finally, ValuEngine cut shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $25.33.

In other Motorcar Parts of America news, SVP Richard K. Mochulsky sold 2,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $20.79, for a total value of $41,580.00. Following the completion of the transaction, the senior vice president now directly owns 6,047 shares in the company, valued at approximately $125,717.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Duane Franklin Miller sold 3,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $19.58, for a total transaction of $58,740.00. Corporate insiders own 5.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State of Tennessee Treasury Department raised its holdings in Motorcar Parts of America by 8.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 8,242 shares of the auto parts company’s stock worth $139,000 after purchasing an additional 648 shares in the last quarter. Kirr Marbach & Co. LLC IN raised its holdings in Motorcar Parts of America by 0.4% in the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 254,995 shares of the auto parts company’s stock worth $4,309,000 after purchasing an additional 1,040 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Motorcar Parts of America by 1.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 107,367 shares of the auto parts company’s stock worth $2,299,000 after purchasing an additional 1,266 shares in the last quarter. Bank of Montreal Can raised its holdings in Motorcar Parts of America by 2,191.7% in the 2nd quarter. Bank of Montreal Can now owns 1,650 shares of the auto parts company’s stock worth $35,000 after purchasing an additional 1,578 shares in the last quarter. Finally, First Hawaiian Bank raised its holdings in Motorcar Parts of America by 27.7% in the 2nd quarter. First Hawaiian Bank now owns 9,411 shares of the auto parts company’s stock worth $201,000 after purchasing an additional 2,041 shares in the last quarter.

Shares of Motorcar Parts of America stock traded up $0.29 during trading on Monday, reaching $19.80. The company’s stock had a trading volume of 90,700 shares, compared to its average volume of 140,219. Motorcar Parts of America has a 52-week low of $13.41 and a 52-week high of $24.60. The company has a market cap of $369.88 million, a price-to-earnings ratio of 13.11 and a beta of 1.49. The firm’s 50-day moving average is $18.95 and its two-hundred day moving average is $17.66. The company has a quick ratio of 0.38, a current ratio of 1.24 and a debt-to-equity ratio of 0.25.

About Motorcar Parts of America

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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