Motorcar Parts of America, Inc. (NASDAQ:MPAA ) Q4 2024 Earnings Conference Call June 11, 2024 1:00 PM ET Company Participants Gary Maier - VP-Corporate Communications & IR Selwyn Joffe - Chairman, President & CEO David Lee - CFO Conference Call Participants Carolina Jolly - Gabelli Funds Bill Dezellem - Tieton Capital Chris Riemenschneider - Morgan Stanley Operator Thank you for standing by. My name is Ellie, and I'll be your conference operator for today.
Motorcar Parts (MPAA) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to loss of $0.05 per share a year ago.
The Motorcar Parts of America stock quote has declined significantly due to increased debt/interest expense, plus fears of recession. Enterprise valuations are now very low and the same as experienced during past recessions and business cycle bottoms. A double in share pricing to $10 is possible either through a swing back toward normalized investment valuations or a takeover/take private offer.