Dorel Industries (OTCMKTS:DIIBF) Releases Earnings Results

Dorel Industries (OTCMKTS:DIIBF) released its quarterly earnings data on Monday. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04), Zacks reports. The business had revenue of $276.09 million for the quarter, compared to analysts’ expectations of $274.30 million.

Dorel Industries Trading Down 4.6%

OTCMKTS:DIIBF opened at $0.91 on Tuesday. Dorel Industries has a 12 month low of $0.79 and a 12 month high of $1.76. The company has a market cap of $31.13 million, a PE ratio of -0.22 and a beta of 1.11. The company has a 50 day simple moving average of $1.01 and a two-hundred day simple moving average of $1.17.

Wall Street Analysts Forecast Growth

Separately, TD Securities reaffirmed a “hold” rating on shares of Dorel Industries in a research report on Friday, August 7th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

About Dorel Industries

Dorel Industries Inc was a Canadian consumer-products company headquartered in Montreal, Quebec. Founded in 1962, the company developed and marketed products through three principal business areas: juvenile products, home furnishings and recreational products. Its brands and operations served consumers through major retailers, e-commerce channels and specialty dealers in North America, Europe, Latin America and other international markets.

Dorel Juvenile produced car seats, strollers, playards, high chairs and other infant and child-care products.