Motorcar Parts of America, Inc. (MPAA) Analysts See $0.56 EPS

November 7, 2017 - By Richard Conner

 Motorcar Parts of America, Inc. (MPAA) Analysts See $0.56 EPS
Investors sentiment increased to 1.66 in Q2 2017. Its up 0.36, from 1.3 in 2017Q1. It improved, as 10 investors sold Motorcar Parts of America, Inc. shares while 28 reduced holdings. 20 funds opened positions while 43 raised stakes. 18.61 million shares or 0.60% more from 18.50 million shares in 2017Q1 were reported.
Stephens Mgmt Group Inc Lc owns 0.24% invested in Motorcar Parts of America, Inc. (NASDAQ:MPAA) for 352,841 shares. Northpointe Cap Llc has 0.75% invested in Motorcar Parts of America, Inc. (NASDAQ:MPAA). Ubs Asset Management Americas owns 41 shares. Citadel Advsrs holds 0% in Motorcar Parts of America, Inc. (NASDAQ:MPAA) or 17,169 shares. Millennium Mgmt stated it has 75,112 shares or 0% of all its holdings. Quantbot Tech L P stated it has 0% in Motorcar Parts of America, Inc. (NASDAQ:MPAA). 551,022 were reported by Fmr Ltd Llc. Putnam Investments Lc reported 97,100 shares. New York State Common Retirement Fund holds 0% or 21,200 shares in its portfolio. Thrivent Financial For Lutherans accumulated 11,290 shares or 0% of the stock. California State Teachers Retirement Sys holds 0% or 33,073 shares. Deutsche Bancorp Ag has 22,341 shares. 13,356 were accumulated by Credit Suisse Ag. Segall Bryant And Hamill Limited Liability Corporation stated it has 0.1% in Motorcar Parts of America, Inc. (NASDAQ:MPAA). Envestnet Asset accumulated 4,468 shares.

Investors wait Motorcar Parts of America, Inc. (NASDAQ:MPAA) to report on November, 8. its quarterly earnings Wall Street analysts expect $0.56 EPS, down $0.05 or 8.20 % from last year’s $0.61 same quarter earnings. This translates into $10.44M profit for MPAA giving the stock a 11.65 P/E. This is assuming the current $0.56 EPS is accurate. Motorcar Parts of America, Inc.’s Wall Street analysts see 60.00 % EPS growth, taking into account the $0.35 EPS reproted in the previous quarter, About 100,315 shares traded. Motorcar Parts of America, Inc. (NASDAQ:MPAA) has risen 7.21% since November 7, 2016 and is uptrending. It has underperformed by 9.49% the S&P500.

Motorcar Parts of America, Inc. (NASDAQ:MPAA) Ratings Coverage

Among 6 analysts covering Motorcar Parts of America (NASDAQ:MPAA), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Motorcar Parts of America has $44 highest and $3100 lowest target. $40.33’s average target is 54.52% above currents $26.1 stock price. Motorcar Parts of America had 13 analyst reports since August 11, 2015 according to SRatingsIntel. Zacks upgraded the shares of MPAA in report on Monday, August 17 to “Sell” rating. The company was maintained on Tuesday, August 11 by B. Riley & Co. The firm earned “Buy” rating on Monday, March 14 by CL King. Roth Capital maintained it with “Buy” rating and $44 target in Tuesday, November 10 report. Roth Capital maintained it with “Buy” rating and $3200 target in Tuesday, August 8 report. The rating was initiated by Sidoti with “Buy” on Wednesday, September 9. The stock of Motorcar Parts of America, Inc. (NASDAQ:MPAA) earned “Neutral” rating by B. Riley & Co on Wednesday, August 10. The firm earned “Buy” rating on Tuesday, August 11 by TH Capital. TH Capital maintained it with “Buy” rating and $44 target in Tuesday, November 10 report. The stock of Motorcar Parts of America, Inc. (NASDAQ:MPAA) earned “Buy” rating by Roth Capital on Friday, August 18.

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. The company has market cap of $486.38 million. The Firm sells its products in North America to auto parts retail and traditional warehouse chains and to automobile manufacturers for both their aftermarket programs and their warranty replacement programs . It has a 13.46 P/E ratio. It recycles materials, including metal from the used cores and corrugated packaging.

More notable recent Motorcar Parts of America, Inc. (NASDAQ:MPAA) news were published by: Seekingalpha.com which released: “Motorcar Parts Of America: Overvalued” on May 03, 2017, also Globenewswire.com with their article: “D&V Electronics Ltd. Acquired by Motorcar Parts of America” published on July 24, 2017, Globenewswire.com published: “Motorcar Parts of America Announces Appointment of New Directors” on February 21, 2017. More interesting news about Motorcar Parts of America, Inc. (NASDAQ:MPAA) were released by: Seekingalpha.com and their article: “Motorcar Parts of America’s (MPAA) CEO Selwyn Joffe on Q1 2018 Results …” published on August 11, 2017 as well as Seekingalpha.com‘s news article titled: “Motorcar Parts Of America Poised To Deliver Growth In The Aftermarket Segment” with publication date: March 30, 2017.

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