Wall Street analysts predict that Dorman Products Inc. (NASDAQ:DORM) will report sales of $235.45 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Dorman Products’ earnings, with the highest sales estimate coming in at $235.97 million and the lowest estimate coming in at $234.40 million. Dorman Products reported sales of $229.10 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.8%. The business is scheduled to announce its next quarterly earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that Dorman Products will report full year sales of $235.45 million for the current year, with estimates ranging from $909.90 million to $911.47 million. For the next fiscal year, analysts expect that the firm will post sales of $1.01 billion per share, with estimates ranging from $1.00 billion to $1.02 billion. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Dorman Products.
DORM has been the subject of several research reports. Jefferies Group restated a “hold” rating and set a $75.00 price objective on shares of Dorman Products in a research report on Sunday, October 29th. FBR & Co restated a “neutral” rating and set a $65.00 price objective (down from $75.00) on shares of Dorman Products in a research report on Monday, October 30th. B. Riley restated a “neutral” rating and set a $65.00 price objective (down from $75.00) on shares of Dorman Products in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Dorman Products from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. Finally, BidaskClub downgraded shares of Dorman Products from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 14th. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $68.33.
Shares of Dorman Products (DORM) traded down $1.51 during mid-day trading on Friday, reaching $70.23. 185,377 shares of the company’s stock traded hands, compared to its average volume of 189,147. The firm has a market capitalization of $2,419.25, a P/E ratio of 21.22, a PEG ratio of 1.72 and a beta of 0.85. Dorman Products has a 1 year low of $60.93 and a 1 year high of $88.50.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dorman Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorman Products and related companies with MarketBeat.com's FREE daily email newsletter.