Equities research analysts expect that Dorman Products Inc. (NASDAQ:DORM) will announce sales of $263.66 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Dorman Products’ earnings. The lowest sales estimate is $261.96 million and the highest is $265.53 million. Dorman Products reported sales of $238.15 million during the same quarter last year, which indicates a positive year over year growth rate of 10.7%. The company is scheduled to report its next earnings report on Tuesday, July 30th.
On average, analysts expect that Dorman Products will report full-year sales of $1.05 billion for the current year, with estimates ranging from $1.04 billion to $1.06 billion. For the next year, analysts forecast that the firm will report sales of $1.13 billion, with estimates ranging from $1.11 billion to $1.15 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Dorman Products.
Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Monday, April 29th. The auto parts company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.17). Dorman Products had a return on equity of 18.77% and a net margin of 12.76%. The company had revenue of $243.80 million during the quarter, compared to the consensus estimate of $248.09 million. During the same quarter last year, the firm earned $0.96 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis.
Several analysts have commented on DORM shares. Zacks Investment Research cut shares of German American Bancorp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. BidaskClub upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Friday. Finally, ValuEngine cut shares of Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $56.50.
Several institutional investors have recently modified their holdings of DORM. Captrust Financial Advisors grew its holdings in shares of Dorman Products by 90.7% in the 4th quarter. Captrust Financial Advisors now owns 412 shares of the auto parts company’s stock valued at $37,000 after buying an additional 196 shares during the period. Private Capital Group LLC grew its holdings in shares of Dorman Products by 22.3% in the 1st quarter. Private Capital Group LLC now owns 725 shares of the auto parts company’s stock valued at $64,000 after buying an additional 132 shares during the period. Quantamental Technologies LLC acquired a new position in shares of Dorman Products in the 1st quarter valued at $86,000. Coldstream Capital Management Inc. acquired a new position in shares of Dorman Products in the 4th quarter valued at $221,000. Finally, Ibex Investors LLC acquired a new position in shares of Dorman Products in the 4th quarter valued at $225,000. Institutional investors own 81.05% of the company’s stock.
Shares of Dorman Products stock traded up $2.66 on Friday, hitting $81.84. 117,655 shares of the company’s stock traded hands, compared to its average volume of 198,702. The firm has a 50-day moving average price of $84.78. The company has a market cap of $2.66 billion, a PE ratio of 19.49, a PEG ratio of 1.40 and a beta of 0.62. Dorman Products has a one year low of $65.68 and a one year high of $97.38.
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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