$0.88 EPS Expected for Dorman Products, Inc. (DORM) This Quarter
Equities research analysts expect Dorman Products, Inc. (NASDAQ:DORM) to announce earnings per share of $0.88 for the current quarter, according to Zacks. Two analysts have made estimates for Dorman Products’ earnings, with the highest EPS estimate coming in at $0.90 and the lowest estimate coming in at $0.85. Dorman Products reported earnings per share of $0.77 during the same quarter last year, which would suggest a positive year over year growth rate of 14.3%. The firm is expected to announce its next quarterly earnings report on Monday, October 23rd.
On average, analysts expect that Dorman Products will report full-year earnings of $3.45 per share for the current year, with EPS estimates ranging from $3.40 to $3.49. For the next year, analysts expect that the firm will post earnings of $3.77 per share, with EPS estimates ranging from $3.70 to $3.82. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Dorman Products.
Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Tuesday, August 1st. The auto parts company reported $0.83 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.01). The business had revenue of $229.26 million during the quarter, compared to analyst estimates of $225.91 million. Dorman Products had a net margin of 12.66% and a return on equity of 18.64%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS.
DORM has been the topic of several recent research reports. BidaskClub downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Zacks Investment Research downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Finally, FBR & Co reaffirmed a “mkt perform” rating and issued a $74.50 price target on shares of Dorman Products in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Dorman Products has an average rating of “Hold” and a consensus price target of $81.25.
In other Dorman Products news, Director Paul R. Lederer sold 1,800 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $74.82, for a total value of $134,676.00. Following the sale, the director now owns 16,961 shares of the company’s stock, valued at $1,269,022.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.70% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC raised its position in shares of Dorman Products by 3.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,390 shares of the auto parts company’s stock valued at $115,000 after buying an additional 41 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Dorman Products in the second quarter valued at approximately $117,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Dorman Products by 8.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock valued at $119,000 after buying an additional 118 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Dorman Products by 10.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,447 shares of the auto parts company’s stock valued at $120,000 after buying an additional 139 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Dorman Products by 10.3% in the first quarter. Victory Capital Management Inc. now owns 1,930 shares of the auto parts company’s stock valued at $159,000 after buying an additional 180 shares during the last quarter. 75.57% of the stock is owned by institutional investors and hedge funds.
Dorman Products (DORM) traded up 0.70% during mid-day trading on Friday, reaching $68.76. 133,379 shares of the company’s stock were exchanged. The stock has a market capitalization of $2.34 billion, a PE ratio of 20.90 and a beta of 0.64. Dorman Products has a 1-year low of $60.00 and a 1-year high of $88.50. The firm’s 50-day moving average is $69.40 and its 200 day moving average is $77.66.
Dorman Products Company Profile
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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