Dorman Products (NASDAQ:DORM) updated its FY 2020
Pre-Market earnings guidance on Monday. The company provided earnings per share guidance of 3.35-3.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.84. The company issued revenue guidance of $1.041-1.071 billion, compared to the consensus revenue estimate of $1.07 billion.Dorman Products also updated its FY20 guidance to $3.35-3.55 EPS.
Several brokerages have recently issued reports on DORM. B. Riley reduced their price target on Dorman Products from $70.00 to $60.00 and set a neutral rating for the company in a report on Tuesday. Zacks Investment Research lowered shares of Dorman Products from a hold rating to a sell rating in a research report on Wednesday. Barrington Research assumed coverage on shares of Dorman Products in a research report on Monday. They set a hold rating for the company. ValuEngine raised shares of Dorman Products from a hold rating to a buy rating in a research report on Wednesday, October 30th. Finally, Stephens cut their target price on shares of Dorman Products from $75.00 to $65.00 and set an equal weight rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $62.50.
Shares of DORM opened at $64.54 on Thursday. The company has a current ratio of 3.42, a quick ratio of 2.26 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.10 billion, a PE ratio of 24.05, a PEG ratio of 1.59 and a beta of 0.49. Dorman Products has a 1 year low of $63.53 and a 1 year high of $95.72. The stock has a 50 day simple moving average of $74.17 and a 200-day simple moving average of $75.28.
Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Monday, February 24th. The auto parts company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.18). The company had revenue of $239.57 million for the quarter, compared to analyst estimates of $265.89 million. Dorman Products had a return on equity of 11.43% and a net margin of 8.45%. The business’s revenue was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 earnings per share. On average, sell-side analysts forecast that Dorman Products will post 3.35 EPS for the current fiscal year.
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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