News / Motorcar Parts of America (MPAA) Releases Earnings Results, Beats Expectations By $0.07 EPS
Date: 2017-02-14
Motorcar Parts of America (MPAA) Releases Earnings Results, Beats Expectations By $0.07 EPS
Motorcar Parts of America (MPAA) announced its most recent quarterly financial results on Thursday, Feb-9-2017. MPAA said it had a profit of $0.60 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.53. The company posted revenue of $112.60 million in the period, compared to analysts expectations of $100.81 million. MPAA’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.
Several company insiders have filed Insider transactions , on Nov 17, 2016, Rudolph J Borneo (director) sold 3,000 shares at $26.14 per share price. According to the SEC, on Jun 24, 2016, Philip Gay (director) sold 3,000 shares at $30.35 per share price. On Jun 21, 2016, Joffe Selwyn (President, CEO & Chairman) sold 75,000 shares at $30.50 per share price, according to the Form-4 filing with the securities and exchange commission.
Motorcar Parts of America opened for trading at $25.49 and hit $27.705 on the upside on Tuesday, eventually ending the session at $27.57, with a gain of 8.37% or 2.13 points. The heightened volatility saw the trading volume jump to 2,68,760 shares. Company has a market cap of $515 M.
Motorcar Parts of America Inc. (MPA) is a manufacturer remanufacturer and distributor of aftermarket automotive parts for import and domestic cars light trucks heavy duty agricultural and industrial applications. The Company 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 (OES). The Company’s products include rotating electrical products such as alternators and starters; wheel hub assemblies and bearings and new brake master cylinders. Its products meet equipment manufacturer specifications. It carries over 10000 stock keeping units (SKUs) for automotive parts that are sold under its customers’ private label brand names and the Company’s Xtreme Reliance and other brand names. The Company sells its products to retail automotive chain stores including Advance AutoZone Genuine Parts (NAPA) O’Reilly and Pep Boys.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
