Barrington Research restated their hold rating on shares of Dorman Products (NASDAQ:DORM) in a research report sent to investors on Tuesday morning. Barrington Research also issued estimates for Dorman Products’ Q1 2018 earnings at $1.02 EPS, Q2 2018 earnings at $1.06 EPS, Q3 2018 earnings at $1.00 EPS, Q4 2018 earnings at $1.01 EPS, FY2018 earnings at $4.10 EPS, Q1 2019 earnings at $1.13 EPS, Q2 2019 earnings at $1.18 EPS, Q3 2019 earnings at $1.12 EPS, Q4 2019 earnings at $1.13 EPS and FY2019 earnings at $4.56 EPS.

“We estimate that free cash flow for DORM should total over $137 million in 2018.”,” the firm’s analyst commented.

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Several other brokerages also recently issued reports on DORM. BidaskClub raised Dorman Products from a hold rating to a buy rating in a report on Friday, February 16th. B. Riley reissued a neutral rating and issued a $65.00 price target (down previously from $75.00) on shares of Dorman Products in a report on Wednesday, November 1st. Zacks Investment Research downgraded Dorman Products from a hold rating to a sell rating in a report on Friday, November 3rd. FBR & Co reissued a neutral rating and issued a $65.00 price target (down previously from $75.00) on shares of Dorman Products in a report on Monday, October 30th. Finally, CL King raised Dorman Products from a neutral rating to a strong-buy rating in a report on Wednesday, January 3rd. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $70.50.

Dorman Products (NASDAQ:DORM) opened at $69.84 on Tuesday. The company has a market capitalization of $2,290.35, a P/E ratio of 20.37, a PEG ratio of 1.48 and a beta of 0.91. Dorman Products has a 12-month low of $60.93 and a 12-month high of $88.50.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Monday, February 26th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.01. The business had revenue of $227.72 million for the quarter, compared to the consensus estimate of $234.58 million. Dorman Products had a return on equity of 18.14% and a net margin of 11.80%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. research analysts expect that Dorman Products will post 4.2 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in DORM. Ameritas Investment Partners Inc. raised its stake in Dorman Products by 5.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,405 shares of the auto parts company’s stock valued at $199,000 after acquiring an additional 115 shares in the last quarter. WCM Investment Management CA raised its stake in Dorman Products by 7.0% during the 3rd quarter. WCM Investment Management CA now owns 11,517 shares of the auto parts company’s stock valued at $825,000 after acquiring an additional 750 shares in the last quarter. ETRADE Capital Management LLC raised its stake in Dorman Products by 12.0% during the 3rd quarter. ETRADE Capital Management LLC now owns 7,103 shares of the auto parts company’s stock valued at $509,000 after acquiring an additional 760 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Dorman Products by 3.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,322 shares of the auto parts company’s stock valued at $1,765,000 after acquiring an additional 790 shares in the last quarter. Finally, Telemus Capital LLC raised its stake in Dorman Products by 2.1% during the 3rd quarter. Telemus Capital LLC now owns 38,694 shares of the auto parts company’s stock valued at $2,771,000 after acquiring an additional 801 shares in the last quarter. 72.87% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Dorman Products (NASDAQ:DORM)

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