Dorman Products (DORM) Earning Positive News Coverage, Analysis Shows
News articles about Dorman Products (NASDAQ:DORM) have been trending positive recently, Accern reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dorman Products earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned news stories about the auto parts company an impact score of 45.9476293357183 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Pfister Unveils Striking New Collections and Innovations at Kitchen & Bath Industry Show (econotimes.com)
- Dorman Products (DORM) Lifted to “Sell” at BidaskClub (americanbankingnews.com)
- Dorman Products Inc. (DORM) Expected to Post Quarterly Sales of $235.45 Million (americanbankingnews.com)
- Brokerages Anticipate Dorman Products Inc. (DORM) Will Post Earnings of $0.86 Per Share (americanbankingnews.com)
DORM has been the topic of several recent research reports. Zacks Investment Research upgraded Dorman Products from a “sell” rating to a “hold” rating in a research report on Monday, January 1st. Jefferies Group restated a “hold” rating and issued a $75.00 price objective on shares of Dorman Products in a research report on Sunday, October 29th. B. Riley restated a “neutral” rating and issued a $65.00 price objective (down previously from $75.00) on shares of Dorman Products in a research report on Wednesday, November 1st. FBR & Co restated a “neutral” rating and issued a $65.00 price objective (down previously from $75.00) on shares of Dorman Products in a research report on Monday, October 30th. Finally, BidaskClub upgraded Dorman Products from a “strong sell” rating to a “sell” rating in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $68.33.
Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Friday, October 27th. The auto parts company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.07). Dorman Products had a return on equity of 18.32% and a net margin of 12.53%. The company had revenue of $224.60 million during the quarter, compared to analysts’ expectations of $233.56 million. During the same quarter in the prior year, the company posted $0.77 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. analysts forecast that Dorman Products will post 3.34 earnings per share for the current year.
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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