Dorel Industries Inc. (OTCMKTS:DIIBF) Posts Earnings Results, Misses Estimates By $0.25 EPS
Dorel Industries Inc. (OTCMKTS:DIIBF) released its quarterly earnings results on Friday. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by $0.25, MarketWatch Earnings reports. Dorel Industries had a negative net margin of 0.75% and a positive return on equity of 6.12%.
Shares of Dorel Industries (OTCMKTS:DIIBF) traded down 0.1746% on Friday, reaching $26.0644. 569 shares of the company traded hands. Dorel Industries has a 1-year low of $22.73 and a 1-year high of $30.80. The firm’s market capitalization is $844.56 million. The stock has a 50-day moving average price of $26.29 and a 200 day moving average price of $25.71.
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Separately, ValuEngine lowered shares of Dorel Industries from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Six equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $35.30.
Dorel Industries Company Profile
Dorel Industries Inc is a Canada-based global consumer products company which designs, manufactures and distributes a portfolio of product brands. The Company markets its products in the United States, Europe, Latin America, Canada, and Asia. The Company operates through three segments: Dorel Juvenile, Dorel Sports and Dorel Home Furnishings.
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