NEW YORK (TheStreet) -- Pep Boys (PBY) shares are down 3.1% to $9.07 in after-hours trading on Monday after the car care retailer reported its third quarter earnings results after the closing bell on Monday.
The company reported a third quarter net loss of 3 cents per share, wider than the 2 cents per share loss it reported during the same period last year, and short of analysts expectations by 15 cents per share.
Pep Boys also reported a 2.1% increase in net sales to $517.6 million for the quarter ended November 1, ahead of analysts $512.5 million expectations for the period.
TheStreet Ratings team rates PEP BOYS-MANNY MOE & JACK as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate PEP BOYS-MANNY MOE & JACK (PBY) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: PBY Ratings Report