FY2018 EPS Estimates for Motorcar Parts of America, Inc. Decreased by Analyst (MPAA)

Motorcar Parts of America, Inc. (NASDAQ:MPAA) – Investment analysts at B. Riley dropped their FY2018 earnings per share (EPS) estimates for Motorcar Parts of America in a research note issued to investors on Tuesday. B. Riley analyst C. Horn now forecasts that the auto parts company will post earnings per share of $2.12 for the year, down from their prior estimate of $2.35. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Motorcar Parts of America’s Q4 2018 earnings at $0.78 EPS, Q1 2019 earnings at $0.49 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.70 EPS, Q4 2019 earnings at $0.87 EPS and FY2019 earnings at $2.73 EPS.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings data on Friday, February 9th. The auto parts company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.15). Motorcar Parts of America had a return on equity of 15.15% and a net margin of 8.03%. The company had revenue of $100.10 million during the quarter, compared to analyst estimates of $113.46 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The business’s revenue was down 11.1% compared to the same quarter last year.

MPAA has been the topic of several other reports. Zacks Investment Research lowered shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Thursday, November 16th. BidaskClub upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a report on Friday, January 5th. ValuEngine lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, TheStreet lowered shares of Motorcar Parts of America from a “b-” rating to a “c” rating in a report on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $35.50.

Shares of Motorcar Parts of America (NASDAQ:MPAA) traded down $1.98 during mid-day trading on Wednesday, hitting $22.53. 1,087,289 shares of the stock traded hands, compared to its average volume of 179,270. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.89. Motorcar Parts of America has a 52-week low of $20.94 and a 52-week high of $31.57. The firm has a market cap of $484.75, a price-to-earnings ratio of 13.69, a P/E/G ratio of 0.55 and a beta of 0.99.

A number of institutional investors have recently added to or reduced their stakes in MPAA. Royal Bank of Canada lifted its holdings in 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. Ashford Capital Management Inc. acquired a new stake in Motorcar Parts of America during the 2nd quarter worth approximately $11,330,000. Dimensional Fund Advisors LP raised its holdings in shares of 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 purchasing an additional 123,693 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in shares of Motorcar Parts of America by 27.0% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 347,056 shares of the auto parts company’s stock valued at $8,673,000 after purchasing an additional 73,860 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Motorcar Parts of America by 1,036.3% in the 4th quarter. Victory Capital Management Inc. now owns 66,653 shares of the auto parts company’s stock valued at $1,666,000 after purchasing an additional 60,787 shares in the last quarter.

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Motorcar Parts of America Company Profile

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)

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