Dorel Industries (DIIBF) Set to Announce Quarterly Earnings on Thursday

Dorel Industries (OTCMKTS:DIIBF) is expected to be posting its results after the market closes on Thursday, November 5th. Analysts expect the company to announce earnings of ($0.35) per share and revenue of $274.30 million for the quarter.

Dorel Industries (OTCMKTS:DIIBF) last issued its earnings results on Wednesday, August 5th. The company reported ($0.68) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.25). The firm had revenue of $249.50 million during the quarter, compared to the consensus estimate of $283.60 million.

Dorel Industries Stock Down 2.5%

DIIBF stock opened at $0.98 on Thursday. Dorel Industries has a 12-month low of $0.79 and a 12-month high of $1.76. The company has a market cap of $33.80 million, a price-to-earnings ratio of -0.24 and a beta of 1.63. The company has a 50 day moving average of $1.04 and a two-hundred day moving average of $1.18.

Analyst Upgrades and Downgrades

Separately, TD Securities reiterated a “hold” rating on shares of Dorel Industries in a research note on Friday, August 7th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Dorel Industries

Dorel Industries Inc was a Canadian consumer-products company headquartered in Montreal, Quebec. Founded in 1962, the company developed and marketed products through three principal business areas: juvenile products, home furnishings and recreational products. Its brands and operations served consumers through major retailers, e-commerce channels and specialty dealers in North America, Europe, Latin America and other international markets.

Dorel Juvenile produced car seats, strollers, playards, high chairs and other infant and child-care products.