Prestigious Recognitions, Robust Earnings, and Expanded Share Repurchase Programs - Analyst Notes on Gentherm, Meritor, Motorcar, Monro and Dorman
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, June 3, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Gentherm Inc. (NASDAQ: THRM), Meritor, Inc. (NYSE: MTOR), Motorcar Parts of America Inc. (NASDAQ: MPAA), Monro Muffler Brake Inc. (NASDAQ: MNRO) and Dorman Products, Inc. (NASDAQ: DORM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3236-100free.
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Gentherm Inc. Analyst Notes
On May 29, 2014, Gentherm Inc. (Gentherm) stock price ended the day at $41.42, up 1.89%. The Company's shares have increased 4.10% over the past five trading days, outpacing the Nasdaq Composite which rose 3.85% over the same trading period. The full analyst notes on Gentherm are available to download free of charge at:
http://www.analystsreview.com/Jun-03-2014/THRM/report.pdf
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Meritor, Inc. Analyst Notes
On May 20, 2014, Meritor, Inc. (Meritor) announced that the Company has recognized David Dettloff with the 2013 Lifetime Achievement Award for Product Engineering. According to Meritor, Mr. Dettloff is a senior designer, Foundation Brake Engineering at Meritor's Troy, Michigan headquarters. Meritor stated that the award recognizes his efforts in designing products that have consistently fit the needs of global markets while reducing costs. Meritor added that Mr. Dettloff's major accomplishments since joining the Company in 1975 include designing the Q+ brake product along with its variants and developing brake components for OEM and aftermarket applications. Joe ElBehairy, Vice President, Engineering, Quality and Product Strategy said, "He's well-regarded in the engineering community for his technical contributions and passion for his work. His involvement in making Meritor a better place to work not only for his engineering colleagues but all employees is also recognized with this award." The full analyst notes on Meritor are available to download free of charge at:
http://www.analystsreview.com/Jun-03-2014/MTOR/report.pdf
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Motorcar Parts of America Inc. Analyst Notes
On May 29, 2014, Motorcar Parts of America, Inc. (Motorcar) stock increased slightly by 0.52% to end the day at $25.20. The Company's stock has gained 43.26% over the past six months, significantly more than the Nasdaq Composite which has gained 4.63% over the same period of time. The full analyst notes on Motorcar are available to download free of charge at:
http://www.analystsreview.com/Jun-03-2014/MPAA/report.pdf
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Monro Muffler Brake Inc. Analyst Notes
On May 22, 2014, Monro Muffler Brake, Inc. (Monro) reported its Q4 FY 2014 and full-year FY 2014 financial results (period ended March 29, 2014). For the quarter, sales totaled, $203.2 million, up 3.7% YoY. Net income totaled $11.9 million or $0.36 per diluted share versus $8.1 million or $0.25 per diluted share in Q4 FY 2013. For full-year FY 2014, net sales totaled $831.4 million, up 13.6% YoY. Annual net income came in at $54.5 million, or $1.67 per diluted share, compared to $42.6 million, or $1.32 per diluted share in FY 2013. John Van Heel, President and CEO stated, "We are very pleased with our team's ability to deliver earnings results ahead of expectations for the fourth quarter due to 1% higher comparable store tire units, improved margins, our ongoing focus on cost control and continued outperformance of our recent acquisitions." He continued, "We remain confident in our ability to further increase our market share and deliver strong sales and earnings growth in both strong and weak environments." The Company anticipates fiscal 2015 diluted EPS to be in the range of $1.95 to $2.15, an increase of 17% to 29% YoY. The full analyst notes on Monro are available to download free of charge at:
http://www.analystsreview.com/Jun-03-2014/MNRO/report.pdf
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Dorman Products, Inc. Analyst Notes
On May 20, 2014, Dorman Products, Inc. (Dorman) announced that its Board of Directors has approved an expansion and extension to the Company's on-going share repurchase program. Under the expansion, the Board declared an increase to the share repurchase program from $10 million to $30 million. The Company added that the Board has also authorized an extension of the expiration date of the share repurchase program from year-end 2014 to May 31, 2015. Dorman stated that it intends to finance the purchase using its available cash and cash equivalents. The full analyst notes on Dorman are available to download free of charge at:
http://www.analystsreview.com/Jun-03-2014/DORM/report.pdf
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