Equities research analysts expect Dorman Products, Inc. (NASDAQ:DORM) to report $235.45 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Dorman Products’ earnings. The lowest sales estimate is $234.40 million and the highest is $235.97 million. Dorman Products posted sales of $229.10 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.8%. The business is expected to announce its next earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that Dorman Products will report full year sales of $235.45 million for the current year, with estimates ranging from $909.90 million to $911.47 million. For the next fiscal year, analysts expect that the firm will post sales of $1.01 billion per share, with estimates ranging from $1.00 billion to $1.02 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Dorman Products.
Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Friday, October 27th. The auto parts company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.07). Dorman Products had a net margin of 12.53% and a return on equity of 18.32%. The business had revenue of $224.60 million for the quarter, compared to the consensus estimate of $233.56 million. During the same period in the prior year, the company earned $0.77 EPS. Dorman Products’s quarterly revenue was up 5.5% on a year-over-year basis.
A number of brokerages recently weighed in on DORM. FBR & Co reaffirmed a “mkt perform” rating and set a $74.50 price objective on shares of Dorman Products in a research report on Tuesday, July 18th. Zacks Investment Research raised shares of Dorman Products from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $75.00 price objective on shares of Dorman Products in a research report on Sunday, October 29th. B. Riley reaffirmed a “neutral” rating and set a $65.00 price objective (down previously from $75.00) on shares of Dorman Products in a research report on Wednesday, November 1st. Finally, BidaskClub downgraded shares of Dorman Products from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. Dorman Products currently has an average rating of “Hold” and a consensus target price of $68.33.
Institutional investors have recently bought and sold shares of the business. YorkBridge Wealth Partners LLC boosted its stake in Dorman Products by 3.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,390 shares of the auto parts company’s stock valued at $115,000 after purchasing an additional 41 shares during the period. SG Americas Securities LLC acquired a new position in Dorman Products during the 2nd quarter valued at about $117,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Dorman Products by 8.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock valued at $119,000 after purchasing an additional 118 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in Dorman Products by 10.6% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,447 shares of the auto parts company’s stock valued at $120,000 after purchasing an additional 139 shares during the period. Finally, Winslow Evans & Crocker Inc. boosted its stake in Dorman Products by 1,740.0% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,840 shares of the auto parts company’s stock valued at $132,000 after purchasing an additional 1,740 shares during the period. 76.39% of the stock is owned by hedge funds and other institutional investors.
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Shares of Dorman Products (NASDAQ:DORM) opened at $66.68 on Tuesday. Dorman Products has a 1 year low of $62.64 and a 1 year high of $88.50. The firm has a market cap of $2,246.25, a PE ratio of 20.12, a P/E/G ratio of 1.81 and a beta of 0.60.
About Dorman Products
Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.
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