Motorcar Parts of America, Inc. (NASDAQ:MPAA) – FBR & Co issued their Q1 2019 earnings per share estimates for Motorcar Parts of America in a research note issued on Monday. FBR & Co analyst C. Horn expects that the auto parts company will post earnings of $0.50 per share for the quarter. FBR & Co currently has a “Outperform” rating and a $39.00 target price on the stock. FBR & Co also issued estimates for Motorcar Parts of America’s Q2 2019 earnings at $0.68 EPS, Q3 2019 earnings at $0.78 EPS and Q4 2019 earnings at $0.88 EPS.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings data on Wednesday, August 9th. The auto parts company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $95.06 million during the quarter, compared to analysts’ expectations of $93.60 million. Motorcar Parts of America had a return on equity of 16.77% and a net margin of 8.75%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS.

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A number of other equities research analysts have also issued reports on MPAA. B. Riley reaffirmed a “buy” rating and set a $39.00 target price on shares of Motorcar Parts of America in a research report on Monday, June 12th. Roth Capital set a $31.00 target price on Motorcar Parts of America and gave the stock a “buy” rating in a research report on Tuesday, June 13th. BidaskClub lowered Motorcar Parts of America from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Zacks Investment Research raised Motorcar Parts of America from a “sell” rating to a “hold” rating and set a $28.00 target price on the stock in a research report on Wednesday, August 16th. Finally, TheStreet lowered Motorcar Parts of America from a “b-” rating to a “c” rating in a research report on Monday, August 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $35.50.

Motorcar Parts of America (MPAA) traded up 1.39% during mid-day trading on Wednesday, reaching $29.09. The company had a trading volume of 34,842 shares. The stock’s 50-day moving average is $26.94 and its 200 day moving average is $28.27. Motorcar Parts of America has a 12 month low of $21.75 and a 12 month high of $31.57. The firm has a market capitalization of $542.09 million, a P/E ratio of 15.07 and a beta of 0.98.

A number of large investors have recently bought and sold shares of the stock. Ashford Capital Management Inc. acquired a new position in Motorcar Parts of America during the second quarter valued at $11,330,000. Dynamic Technology Lab Private Ltd acquired a new position in Motorcar Parts of America during the second quarter valued at $292,000. The Manufacturers Life Insurance Company raised its position in Motorcar Parts of America by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 15,279 shares of the auto parts company’s stock valued at $432,000 after buying an additional 367 shares during the period. State Street Corp raised its position in Motorcar Parts of America by 4.4% during the second quarter. State Street Corp now owns 429,157 shares of the auto parts company’s stock valued at $12,117,000 after buying an additional 18,153 shares during the period. Finally, Gotham Asset Management LLC acquired a new position in Motorcar Parts of America during the second quarter valued at $561,000.

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.

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

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