Dorel Industries (OTCMKTS:DIIBF) Releases Earnings Results, Misses Expectations By $1.58 EPS

Dorel Industries (OTCMKTS:DIIBF) issued its quarterly earnings data on Tuesday. The company reported ($1.82) EPS for the quarter, missing the consensus estimate of ($0.24) by ($1.58), Zacks reports. The business had revenue of $326.85 million during the quarter, compared to analyst estimates of $352.00 million. Dorel Industries had a negative net margin of 7.32% and a negative return on equity of 29.17%.

Dorel Industries Stock Performance

DIIBF opened at $2.56 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.46 and a debt-to-equity ratio of 0.28. The firm’s 50-day moving average price is $3.15 and its 200 day moving average price is $3.53. The firm has a market capitalization of $83.43 million, a PE ratio of -0.81 and a beta of 2.66. Dorel Industries has a twelve month low of $2.36 and a twelve month high of $5.53.

Analysts Set New Price Targets

DIIBF has been the topic of a number of research analyst reports. TD Securities cut shares of Dorel Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 18th. BMO Capital Markets upgraded Dorel Industries to a “hold” rating in a report on Monday, November 18th.

Dorel Industries Company Profile

Dorel Industries Inc engages in the design, manufacture, sourcing, marketing, and distribution of home and juvenile products worldwide. The company operates through Dorel Home and Dorel Juvenile segments. The Dorel Home segment offers ready-to assemble furniture and home furnishings products, including metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items.