SORL Auto Parts, Inc. (SORL) Set to Announce Earnings on Monday

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SORL Auto Parts, Inc. (NASDAQ:SORL) is set to release its earnings data before the market opens on Monday, August 14th. Analysts expect SORL Auto Parts to post earnings of $0.33 per share for the quarter.

SORL Auto Parts (NASDAQ:SORL) last announced its quarterly earnings data on Monday, May 15th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.21. The business had revenue of $73.90 million during the quarter, compared to analyst estimates of $71.76 million. SORL Auto Parts had a net margin of 8.80% and a return on equity of 15.84%. During the same quarter in the prior year, the business earned $0.02 earnings per share. On average, analysts expect SORL Auto Parts to post $1.29 EPS for the current fiscal year and $1.36 EPS for the next fiscal year.

SORL Auto Parts, Inc. (NASDAQ:SORL) opened at 6.97 on Friday. SORL Auto Parts, Inc. has a 12 month low of $2.00 and a 12 month high of $9.74. The stock’s 50 day moving average is $7.21 and its 200-day moving average is $5.23. The firm has a market cap of $134.55 million, a price-to-earnings ratio of 5.23 and a beta of 1.57.

A number of analysts have recently issued reports on SORL shares. Zacks Investment Research cut shares of SORL Auto Parts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. ValuEngine upgraded shares of SORL Auto Parts from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd.

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SORL Auto Parts Company Profile

SORL Auto Parts, Inc, through its interests in the Ruili Group Ruian Auto Parts Co, Ltd., a Sino-foreign joint venture (Joint Venture), develops, manufactures and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers (OEMs), and the related aftermarket both in China and abroad.

Earnings History for SORL Auto Parts (NASDAQ:SORL)

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