Brokerages predict that Dorman Products Inc. (NASDAQ:DORM) will report earnings per share (EPS) of $0.89 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Dorman Products’ earnings, with estimates ranging from $0.81 to $0.94. Dorman Products reported earnings of $1.06 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 16%. The business is scheduled to issue its next quarterly earnings report on Monday, October 28th.
On average, analysts expect that Dorman Products will report full year earnings of $3.33 per share for the current year, with EPS estimates ranging from $3.26 to $3.40. For the next year, analysts forecast that the firm will report earnings of $4.34 per share, with EPS estimates ranging from $3.86 to $4.67. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Dorman Products.
Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Monday, October 28th. The auto parts company reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.22). Dorman Products had a net margin of 11.28% and a return on equity of 16.36%. The business had revenue of $253.80 million during the quarter, compared to analyst estimates of $268.65 million. During the same period last year, the company earned $1.06 EPS. The business’s revenue for the quarter was up 2.3% on a year-over-year basis.
Several equities research analysts recently issued reports on the company. Barrington Research reiterated a “hold” rating on shares of Dorman Products in a report on Monday, July 29th. Zacks Investment Research upgraded Dorman Products from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 1st. ValuEngine downgraded Dorman Products from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th. Finally, BidaskClub upgraded Dorman Products from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Dorman Products currently has an average rating of “Hold” and an average price target of $97.00.
Several hedge funds have recently bought and sold shares of the stock. Bridge City Capital LLC increased its holdings in Dorman Products by 0.5% during the 2nd quarter. Bridge City Capital LLC now owns 24,950 shares of the auto parts company’s stock worth $2,174,000 after purchasing an additional 123 shares during the period. Zions Bancorporation N.A. increased its holdings in Dorman Products by 5.7% during the 2nd quarter. Zions Bancorporation N.A. now owns 2,858 shares of the auto parts company’s stock worth $249,000 after purchasing an additional 155 shares during the period. LPL Financial LLC increased its holdings in Dorman Products by 5.0% during the 2nd quarter. LPL Financial LLC now owns 3,531 shares of the auto parts company’s stock worth $309,000 after purchasing an additional 169 shares during the period. Arizona State Retirement System increased its holdings in Dorman Products by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 44,961 shares of the auto parts company’s stock worth $3,918,000 after purchasing an additional 170 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its holdings in Dorman Products by 2.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,690 shares of the auto parts company’s stock worth $757,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 81.81% of the company’s stock.
Shares of Dorman Products stock opened at $73.76 on Friday. The firm has a market cap of $2.74 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 2.01 and a beta of 0.55. Dorman Products has a 52 week low of $67.39 and a 52 week high of $97.38. The business’s fifty day simple moving average is $80.33 and its 200-day simple moving average is $81.73.
Dorman Products Company Profile
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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