Wall Street brokerages predict that Motorcar Parts of America, Inc. (NASDAQ:MPAA) will post sales of $142.67 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Motorcar Parts of America’s earnings, with the highest sales estimate coming in at $147.00 million and the lowest estimate coming in at $140.00 million. Motorcar Parts of America posted sales of $154.73 million during the same quarter last year, which would suggest a negative year over year growth rate of 7.8%. The business is scheduled to issue its next quarterly earnings results on Monday, November 8th.
On average, analysts expect that Motorcar Parts of America will report full year sales of $603.11 million for the current financial year, with estimates ranging from $598.50 million to $611.80 million. For the next fiscal year, analysts expect that the business will report sales of $630.33 million, with estimates ranging from $615.00 million to $648.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Motorcar Parts of America.
Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings data on Sunday, August 8th. The auto parts company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.20. The company had revenue of $149.03 million for the quarter, compared to analysts’ expectations of $120.40 million. Motorcar Parts of America had a return on equity of 13.39% and a net margin of 4.26%.
Shares of MPAA traded down $0.11 during midday trading on Wednesday, hitting $19.93. 30,232 shares of the company’s stock traded hands, compared to its average volume of 73,468. The stock has a market capitalization of $381.04 million, a price-to-earnings ratio of 15.33 and a beta of 1.80. The company has a current ratio of 1.31, a quick ratio of 0.36 and a debt-to-equity ratio of 0.05. The firm’s fifty day moving average is $19.82 and its 200-day moving average is $21.72. Motorcar Parts of America has a 1 year low of $14.35 and a 1 year high of $26.42.
In other news, Director Rudolph J. Borneo sold 3,000 shares of the stock in a transaction that occurred on Monday, September 20th. The shares were sold at an average price of $18.62, for a total value of $55,860.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 7.70% of the company’s stock.
A number of large investors have recently bought and sold shares of MPAA. Lazard Asset Management LLC purchased a new position in Motorcar Parts of America during the second quarter worth approximately $40,000. Metropolitan Life Insurance Co NY grew its holdings in Motorcar Parts of America by 51,866.7% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 3,118 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 3,112 shares in the last quarter. Eaton Vance Management acquired a new stake in Motorcar Parts of America during the 1st quarter valued at $74,000. Teachers Retirement System of The State of Kentucky grew its holdings in Motorcar Parts of America by 214.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 5,282 shares of the auto parts company’s stock valued at $119,000 after purchasing an additional 3,600 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in Motorcar Parts of America by 82.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,994 shares of the auto parts company’s stock worth $202,000 after acquiring an additional 4,058 shares in the last quarter. 93.76% of the stock is currently owned by institutional investors.
Motorcar Parts of America Company Profile
Motorcar Parts of America, Inc engages in manufacturing, remanufacturing, and distribution of automotive parts. Its products include starters, alternators, wheel hub assemblies and bearings, drums and rotors, brake pads and shoes, calipers, brake master cylinders, brake power boosters, and turbochargers.
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