Media coverage about Motorcar Parts of America (NASDAQ:MPAA) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Motorcar Parts of America earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave news headlines about the auto parts company an impact score of 46.5813495676699 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern’s scoring:
- REPEAT/Gabelli & Company’s 41st Annual Automotive Aftermarket Symposium (finance.yahoo.com)
- Head to Head Contrast: Tenneco (TEN) vs. Motorcar Parts of America (MPAA) (americanbankingnews.com)
- $112.83 Million in Sales Expected for Motorcar Parts of America, Inc. (MPAA) This Quarter (americanbankingnews.com)
- Motorcar Parts of America (MPAA) & The Competition Head-To-Head Survey (americanbankingnews.com)
- Analysts Anticipate Motorcar Parts of America, Inc. (MPAA) Will Post Earnings of $0.55 Per Share (americanbankingnews.com)
Shares of Motorcar Parts of America (MPAA) traded up 1.36% during mid-day trading on Thursday, hitting $29.79. 57,756 shares of the stock were exchanged. The company has a 50-day moving average price of $27.52 and a 200-day moving average price of $28.30. Motorcar Parts of America has a 12 month low of $21.75 and a 12 month high of $31.57. The stock has a market cap of $555.14 million, a price-to-earnings ratio of 15.44 and a beta of 0.98.
Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings data on Wednesday, August 9th. The auto parts company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The business 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 business’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. Equities analysts expect that Motorcar Parts of America will post $2.36 earnings per share for the current year.
A number of brokerages have recently issued reports on MPAA. TheStreet raised shares of Motorcar Parts of America from a “c” rating to a “b-” rating in a research note on Monday. Zacks Investment Research lowered shares of Motorcar Parts of America from a “strong-buy” rating to a “sell” rating in a research note on Wednesday. BidaskClub raised shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. FBR & Co reissued an “outperform” rating and set a $39.00 target price on shares of Motorcar Parts of America in a research note on Tuesday, July 18th. Finally, ValuEngine lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $35.50.
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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.
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