Equities research analysts expect Motorcar Parts of America, Inc. (NASDAQ:MPAA) to announce earnings per share (EPS) of $0.57 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Motorcar Parts of America’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.55. Motorcar Parts of America posted earnings per share of $0.64 during the same quarter last year, which indicates a negative year over year growth rate of 10.9%. The firm is scheduled to issue its next earnings results on Wednesday, November 8th.

According to Zacks, analysts expect that Motorcar Parts of America will report full-year earnings of $2.33 per share for the current financial year, with EPS estimates ranging from $2.30 to $2.36. For the next fiscal year, analysts expect that the firm will report earnings of $2.58 per share, with EPS estimates ranging from $2.52 to $2.64. Zacks Investment Research’s EPS calculations 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 quarterly earnings data on Wednesday, August 9th. The auto parts company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.04. Motorcar Parts of America had a return on equity of 16.77% and a net margin of 8.75%. The company had revenue of $95.06 million during the quarter, compared to the consensus estimate of $93.60 million. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year.

A number of equities analysts recently weighed in on MPAA shares. ValuEngine cut Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. B. Riley reaffirmed a “buy” rating and issued a $39.00 price target on shares of Motorcar Parts of America in a research note on Monday, June 12th. Roth Capital set a $31.00 price target on Motorcar Parts of America and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research cut Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, BidaskClub cut Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Motorcar Parts of America presently has an average rating of “Buy” and a consensus price target of $35.25.

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Motorcar Parts of America (NASDAQ MPAA) traded up 0.51% on Friday, hitting $27.73. The stock had a trading volume of 15,917 shares. The company has a 50-day moving average price of $26.34 and a 200-day moving average price of $28.22. Motorcar Parts of America has a 1-year low of $21.75 and a 1-year high of $31.57. The stock has a market capitalization of $516.75 million, a price-to-earnings ratio of 14.37 and a beta of 0.95.

In other news, VP Douglas Earl Schooner sold 1,192 shares of Motorcar Parts of America stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $28.57, for a total value of $34,055.44. Following the sale, the vice president now directly owns 4,235 shares in the company, valued at approximately $120,993.95. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders sold 6,531 shares of company stock worth $185,146. Corporate insiders own 4.40% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Bank of Montreal Can grew its position in shares of Motorcar Parts of America by 1.4% in the 2nd quarter. Bank of Montreal Can now owns 4,901 shares of the auto parts company’s stock worth $138,000 after buying an additional 68 shares during the last quarter. Arizona State Retirement System grew its position in shares of Motorcar Parts of America by 1.0% in the 1st quarter. Arizona State Retirement System now owns 9,700 shares of the auto parts company’s stock worth $298,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Motorcar Parts of America by 1.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the auto parts company’s stock worth $234,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund grew its position in shares of Motorcar Parts of America by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 13,649 shares of the auto parts company’s stock worth $385,000 after buying an additional 114 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its position in shares of Motorcar Parts of America by 0.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,740 shares of the auto parts company’s stock worth $530,000 after buying an additional 140 shares during the last quarter.

About Motorcar Parts of America

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.

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

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