Motorcar Parts of America (MPAA) Scheduled to Post Quarterly Earnings on Monday
Resource from: Ticker Report Likes:230
Aug 10,2015
Motorcar Parts of America (NASDAQ:MPAA) will issue its Q116 quarterly earnings data on Monday, August 10th. Analysts expect the company to announce earnings of $0.36 per share and revenue of $79.06 million for the quarter.
Motorcar Parts of America (NASDAQ:MPAA) last released its quarterly earnings data on Monday, June 15th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.10. The company had revenue of $90.90 million for the quarter. Motorcar Parts of America’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the company posted $0.43 EPS. On average, analysts expect Motorcar Parts of America to post $2.14 EPS for the current fiscal year and $2.40 EPS for the next fiscal year.
Shares of Motorcar Parts of America (NASDAQ:MPAA) opened at 30.14 on Friday. The company has a market capitalization of $541.74 million and a price-to-earnings ratio of 46.37. The company’s 50 day moving average price is $29.89 and its 200-day moving average price is $28.37. Motorcar Parts of America has a 1-year low of $22.12 and a 1-year high of $36.43.
Several analysts recently weighed in on MPAA shares. B. Riley reiterated a “buy” rating and set a $37.00 target price on shares of Motorcar Parts of America in a research note on Friday. Zacks upgraded Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Roth Capital set a $37.00 target price on Motorcar Parts of America and gave the stock a “buy” rating in a report on Friday, June 12th.
In other news, COO Steven Kratz sold 10,000 shares of Motorcar Parts of America stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $31.56, for a total transaction of $315,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Joffe Selwyn sold 151,500 shares of Motorcar Parts of America stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $31.42, for a total transaction of $4,760,130.00. The disclosure for this sale can be found here.
Motorcar Parts of America, Inc. is a manufacturer, remanufacturer, and distributor of aftermarket automotive parts. The Company’s replacement parts are sold for use on vehicles after initial vehicle purchase. The automotive parts are sold to automotive retail chain stores and warehouse distributors throughout North America and to automobile manufacturers for both their aftermarket programs and warranty replacement programs (NASDAQ:MPAA). The Company’s products include alternators and starters, wheel hub assemblies and bearings, and new brake master cylinders. The Company obtains used automotive parts, commonly known as used cores, primarily from its customers under the Company’s core exchange program. It also purchases used cores from vendors (core brokers). The Company has remanufacturing, warehousing and shipping/receiving operations for automotive parts in North America and Asia. In addition, the Company utilizes various third party warehouse distribution centers in North America.
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
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