Motorcar Parts of America
(MPAA - Get Report)
remanufactures alternators and starters for import and domestic cars, light trucks, heavy-duty agricultural and industrial applications. These products are distributed to both the do-it-yourself (DIY) and do-it-for-me (DIFM) markets across the U.S. and Canada. The company is expected to report fourth-quarter and full-year 2011 results on June 14. The stock has a beta of 0.60
Net income for the fourth quarter of 2011 is forecast at $3.3 million on sales of $40.5 million, compared to net income of $2.9 million on $38.6 million sales recorded during 2010 fourth quarter, according to analysts polled by
. Earnings per share are pegged at 26 cents, up from 24 cents per share reported during the comparable quarter last year.
Net income for full year 2011 is forecast at $13.1 million on sales of $159 million, compared to net income of $9.7 million on $147.2 million sales recorded during full year 2010, according to analysts polled by
. Earnings per share are pegged at $1.09 cents, up from 80 cents per share reported during the previous year.
Of the four analysts covering the stock, 75% recommend a buy and the remaining rate a hold. There are no sell ratings on the stock. On average, analysts estimate 8.8% upside to $17 in value from current levels.