Motorcar Parts of America (MPAA) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Resource from: Mideast Time Likes:194

Jun 17,2015

Motorcar Parts of America logoMotorcar Parts of America (NASDAQ:MPAA) issued its quarterly earnings data on Monday. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.02, AnalystRatings.NET reports. The company had revenue of $90.90 million for the quarter. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. Shares of Motorcar Parts of America (NASDAQ:MPAA) opened at 29.20 on Tuesday. Motorcar Parts of America has a 52-week low of $21.79 and a 52-week high of $36.43. The stock has a 50-day moving average of $29. and a 200-day moving average of $28.. The company has a market cap of $524.49 million and a P/E ratio of 43.45. MPAA has been the subject of a number of recent research reports. Analysts at Roth Capital set a $37.00 price target on shares of Motorcar Parts of America and gave the company a “buy” rating in a research note on Friday. On a related note, analysts at Zacks reiterated a “hold” rating on shares of Motorcar Parts of America in a research note on Friday, May 1st. Motorcar Parts of America, Inc (NASDAQ:MPAA) is a manufactures, remanufactures and distributes new and remanufactured steering components, brake calipers, master cylinders, hub assembly and bearings, and clutches and clutch hydraulics for virtually all passenger and truck vehicles.

(Mideast Time)

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