Dorman Products (DORM) Issues FY19 Earnings Guidance

Dorman Products (NASDAQ:DORM) updated its FY19 earnings guidance on Monday. The company provided EPS guidance of $4.37-4.53 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.49. Dorman Products also updated its FY 2019 guidance to $4.37-4.53 EPS.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Dorman Products from a sell rating to a hold rating in a report on Monday, April 22nd. ValuEngine downgraded shares of Dorman Products from a buy rating to a hold rating in a report on Monday, February 4th. CL King downgraded shares of Dorman Products from a buy rating to a neutral rating in a report on Monday, January 14th. Finally, BidaskClub downgraded shares of Dorman Products from a buy rating to a hold rating in a report on Saturday, February 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Dorman Products currently has a consensus rating of Hold and an average price target of $56.50.

Shares of NASDAQ DORM opened at $93.53 on Monday. Dorman Products has a 52 week low of $56.36 and a 52 week high of $97.38. The stock has a market capitalization of $3.09 billion, a P/E ratio of 22.27, a P/E/G ratio of 1.62 and a beta of 0.55.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Monday, April 29th. The auto parts company reported $0.79 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.21). The company had revenue of $243.80 million during the quarter, compared to analyst estimates of $248.09 million. Dorman Products had a net margin of 13.72% and a return on equity of 20.20%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the business earned $0.96 EPS. Research analysts forecast that Dorman Products will post 4.45 EPS for the current fiscal year.

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About Dorman Products

Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.

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Earnings History and Estimates for Dorman Products (NASDAQ:DORM)

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