Dorel Industries (DIIBF) Expected to Release Quarterly Earnings on Thursday

Dorel Industries (OTCMKTS:DIIBF) is expected to be posting its results after the market closes on Thursday, August 6th. Analysts expect Dorel Industries to post earnings of ($0.43) per share and revenue of $283.60 million for the quarter.

Dorel Industries (OTCMKTS:DIIBF) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.58) by ($0.07). The company had revenue of $267.84 million for the quarter, compared to analyst estimates of $299.70 million.

Dorel Industries Trading Down 5.1%

Shares of DIIBF stock opened at $1.03 on Thursday. The firm has a fifty day simple moving average of $1.14 and a two-hundred day simple moving average of $1.24. Dorel Industries has a 12 month low of $0.83 and a 12 month high of $1.76. The firm has a market capitalization of $35.78 million, a PE ratio of -0.24 and a beta of 1.56.

Analyst Ratings Changes

Separately, TD Securities upgraded shares of Dorel Industries to a “hold” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Dorel Industries Company Profile

Dorel Industries Inc is a publicly traded Canadian company engaged in the design, manufacture and distribution of consumer products across two core segments. Headquartered in Montreal, Quebec, Dorel serves retailers and end consumers in North America, Europe and select markets in Asia and Latin America. The company markets globally recognized brands and maintains an integrated supply chain encompassing product development, manufacturing and distribution.

The Dorel Juvenile segment produces a wide range of baby and children’s products, including car seats, strollers, high chairs, play yards and nursery furniture.