Dorel Industries (TSE:DII.B) Releases Earnings Results

Dorel Industries (TSE:DII.B) announced its earnings results on Thursday. The company reported C($0.90) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$372.38 million for the quarter. Dorel Industries had a negative return on equity of 48.11% and a negative net margin of 6.47%.

Dorel Industries Stock Performance

Shares of DII.B opened at C$1.70 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.64 and a debt-to-equity ratio of 287.70. The firm has a market cap of C$58.87 million, a PE ratio of -0.39, a price-to-earnings-growth ratio of -0.11 and a beta of 0.63. The company’s 50 day simple moving average is C$1.71 and its 200-day simple moving average is C$1.72. Dorel Industries has a 12-month low of C$1.15 and a 12-month high of C$2.40.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised their target price on shares of Dorel Industries from C$1.50 to C$2.25 and gave the stock a “hold” rating in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$2.13.

Dorel Industries Company Profile

Dorel Industries Inc (TSX: DII.B, DII.A) is a global organization, operating two distinct businesses in juvenile products and home products. Dorel’s strength lies in the diversity, innovation, and quality of its products, as well as the superiority of its brands. Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi ®, Safety 1st¿, and Tiny Love ®, complemented by regional brands such as BebeConfort ®, Cosco Kids ®, Mother’s Choice, and Infanti ®. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture.