Dorel Industries (OTCMKTS:DIIBF) Posts Quarterly Earnings Results, Misses Estimates By $0.25 EPS

Dorel Industries (OTCMKTS:DIIBF) released its earnings results on Wednesday. The company reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.25), Zacks reports. The firm had revenue of $249.50 million for the quarter, compared to analysts’ expectations of $283.60 million.

Dorel Industries Price Performance

OTCMKTS DIIBF traded down $0.25 during mid-day trading on Friday, reaching $0.89. The stock had a trading volume of 134,822 shares, compared to its average volume of 5,545. Dorel Industries has a 1 year low of $0.83 and a 1 year high of $1.76. The stock has a market cap of $30.95 million, a PE ratio of -0.21 and a beta of 1.58. The company has a fifty day moving average price of $1.13 and a 200 day moving average price of $1.23.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised Dorel Industries to a “hold” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Dorel Industries currently has an average rating of “Hold”.

Dorel Industries Company Profile

Dorel Industries Inc is a publicly traded Canadian company engaged in the design, manufacture and distribution of consumer products across two core segments. Headquartered in Montreal, Quebec, Dorel serves retailers and end consumers in North America, Europe and select markets in Asia and Latin America. The company markets globally recognized brands and maintains an integrated supply chain encompassing product development, manufacturing and distribution.

The Dorel Juvenile segment produces a wide range of baby and children’s products, including car seats, strollers, high chairs, play yards and nursery furniture.