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

Dorel Industries (OTCMKTS:DIIBF) released its earnings results on Tuesday. The company reported ($1.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($1.58), Zacks reports. Dorel Industries had a negative net margin of 7.32% and a negative return on equity of 29.17%. The company had revenue of $326.85 million during the quarter, compared to analysts’ expectations of $352.00 million.

Dorel Industries Trading Down 0.8 %

DIIBF opened at $2.56 on Wednesday. The stock has a market capitalization of $83.43 million, a PE ratio of -0.81 and a beta of 2.66. The firm’s fifty day moving average price is $3.15 and its 200 day moving average price is $3.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.94 and a quick ratio of 0.46. Dorel Industries has a 12-month low of $2.36 and a 12-month high of $5.53.

Analyst Ratings Changes

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

About Dorel Industries

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.