SORL Auto Parts, Inc. (SORL) to Release Earnings on Monday
SORL Auto Parts, Inc. (NASDAQ:SORL) is scheduled to release its earnings data before the market opens on Monday, November 13th. Analysts expect SORL Auto Parts to post earnings of $0.18 per share for the quarter.
SORL Auto Parts (NASDAQ:SORL) last posted its earnings results on Monday, August 14th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). SORL Auto Parts had a net margin of 7.90% and a return on equity of 14.49%. The firm had revenue of $90.22 million during the quarter, compared to the consensus estimate of $90.61 million. On average, analysts expect SORL Auto Parts to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
SORL Auto Parts, Inc. (NASDAQ:SORL) opened at $5.75 on Friday. SORL Auto Parts, Inc. has a one year low of $2.68 and a one year high of $9.74. The stock has a market cap of $102.89, a P/E ratio of 4.20 and a beta of 1.73.
A number of research firms have recently issued reports on SORL. ValuEngine upgraded shares of SORL Auto Parts from a “buy” rating to a “strong-buy” rating in a research note on Friday. Zacks Investment Research upgraded shares of SORL Auto Parts from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th.
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SORL Auto Parts Company Profile
SORL Auto Parts, Inc, through its interests in the Ruili Group Ruian Auto Parts Co, Ltd., a Sino-foreign joint venture (Joint Venture), develops, manufactures and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers (OEMs), and the related aftermarket both in China and abroad.
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