Dorel Industries (OTCMKTS:DIIBF) Releases Earnings Results, Misses Expectations By $0.31 EPS

Dorel Industries (OTCMKTS:DIIBF) announced its quarterly earnings data on Friday. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.31), MarketWatch Earnings reports. The firm had revenue of $685.67 million during the quarter. Dorel Industries had a positive return on equity of 4.93% and a negative net margin of 16.60%.

Shares of OTCMKTS DIIBF traded up $0.29 during midday trading on Friday, reaching $3.90. The stock had a trading volume of 19,402 shares, compared to its average volume of 5,805. Dorel Industries has a 12-month low of $3.52 and a 12-month high of $15.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.42 and a current ratio of 1.02. The stock has a 50-day moving average of $4.48 and a 200-day moving average of $6.93. The company has a market capitalization of $126.36 million, a price-to-earnings ratio of 3.82 and a beta of 0.75.

A number of brokerages have recently issued reports on DIIBF. ValuEngine raised shares of Dorel Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. TD Securities cut shares of Dorel Industries from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd.

About Dorel Industries

Dorel Industries Inc designs, manufactures, sources, markets, and distributes juvenile products, bicycles, and furniture worldwide. The company's Dorel Home segment engages in the design, manufacture, sourcing, and distribution of ready-to assemble furniture and home furnishings, including metal folding furniture, children's furniture, step stool, hand truck, ladder, outdoor furniture, and other imported furniture and futon products.

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Earnings History for Dorel Industries (OTCMKTS:DIIBF)

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