Equities research analysts predict that Dorman Products Inc. (NASDAQ:DORM) will post $1.03 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Dorman Products’ earnings. The lowest EPS estimate is $1.02 and the highest is $1.04. Dorman Products posted earnings per share of $0.85 in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.2%. The business is expected to issue its next quarterly earnings report on Tuesday, May 1st.
On average, analysts expect that Dorman Products will report full year earnings of $4.20 per share for the current fiscal year, with EPS estimates ranging from $4.10 to $4.26. For the next financial year, analysts anticipate that the company will report earnings of $4.61 per share, with EPS estimates ranging from $4.56 to $4.68. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Dorman Products.
Dorman Products (NASDAQ:DORM) last issued its earnings results on Monday, February 26th. The auto parts company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01. The firm had revenue of $227.72 million during the quarter, compared to analysts’ expectations of $234.58 million. Dorman Products had a return on equity of 18.14% and a net margin of 11.80%. Dorman Products’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the business earned $0.83 earnings per share.
DORM has been the subject of several research reports. Zacks Investment Research raised Dorman Products from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Thursday, March 1st. CL King raised Dorman Products from a “neutral” rating to a “strong-buy” rating in a research report on Wednesday, January 3rd. BidaskClub raised Dorman Products from a “strong sell” rating to a “sell” rating in a research report on Friday, January 5th. Finally, Barrington Research reaffirmed a “hold” rating on shares of Dorman Products in a research report on Tuesday, February 27th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $70.50.
In other Dorman Products news, SVP Jeffery Darby sold 1,100 shares of Dorman Products stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $72.77, for a total transaction of $80,047.00. Following the completion of the transaction, the senior vice president now directly owns 13,488 shares of the company’s stock, valued at $981,521.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.70% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Zions Bancorporation bought a new position in shares of Dorman Products during the third quarter valued at $193,000. Visionary Asset Management Inc. bought a new position in shares of Dorman Products in the third quarter valued at about $204,000. Mitchell Capital Management Co. bought a new position in shares of Dorman Products in the fourth quarter valued at about $220,000. Virtu Financial LLC bought a new position in shares of Dorman Products in the fourth quarter valued at about $225,000. Finally, Koch Industries Inc. bought a new position in shares of Dorman Products in the fourth quarter valued at about $234,000. 75.22% of the stock is owned by institutional investors.
Shares of Dorman Products stock traded down $0.44 during mid-day trading on Tuesday, reaching $68.68. The company had a trading volume of 179,035 shares, compared to its average volume of 249,238. The company has a market capitalization of $2,371.92, a PE ratio of 22.08, a P/E/G ratio of 1.53 and a beta of 0.91. Dorman Products has a 52-week low of $60.93 and a 52-week high of $88.50.
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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.
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