Dorman Products Inc. (DORM) Expected to Post Earnings of $1.07 Per Share

Wall Street brokerages expect Dorman Products Inc. (NASDAQ:DORM) to announce earnings of $1.07 per share for the current quarter, Zacks reports. Three analysts have made estimates for Dorman Products’ earnings. The highest EPS estimate is $1.09 and the lowest is $1.05. Dorman Products reported earnings of $0.87 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 23%. The business is scheduled to report its next quarterly earnings report on Monday, February 25th.

According to Zacks, analysts expect that Dorman Products will report full year earnings of $4.18 per share for the current year, with EPS estimates ranging from $4.16 to $4.20. For the next financial year, analysts forecast that the company will post earnings of $4.61 per share, with EPS estimates ranging from $4.58 to $4.65. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Dorman Products.

Dorman Products (NASDAQ:DORM) last released its earnings results on Thursday, October 25th. The auto parts company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.02. The firm had revenue of $247.95 million during the quarter, compared to analyst estimates of $234.46 million. Dorman Products had a net margin of 12.85% and a return on equity of 19.80%.

A number of research analysts recently commented on DORM shares. BidaskClub upgraded shares of Dorman Products from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 20th. ValuEngine raised shares of Dorman Products from a “hold” rating to a “buy” rating in a research note on Tuesday, November 13th. Finally, Barrington Research restated a “hold” rating on shares of Dorman Products in a research report on Monday, October 29th. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.50.

In other Dorman Products news, CEO Mathias J. Barton sold 18,986 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $81.34, for a total transaction of $1,544,321.24. Following the transaction, the chief executive officer now directly owns 111,011 shares of the company’s stock, valued at approximately $9,029,634.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Mathias J. Barton sold 38,871 shares of the company’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $87.89, for a total transaction of $3,416,372.19. Following the completion of the sale, the chief executive officer now directly owns 82,931 shares in the company, valued at $7,288,805.59. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Dorman Products by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,732,884 shares of the auto parts company’s stock valued at $210,213,000 after buying an additional 38,825 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Dorman Products by 7.2% during the third quarter. Legal & General Group Plc now owns 68,799 shares of the auto parts company’s stock worth $5,312,000 after purchasing an additional 4,602 shares during the last quarter. Csenge Advisory Group purchased a new position in shares of Dorman Products during the third quarter valued at $3,390,000. Teachers Advisors LLC increased its stake in shares of Dorman Products by 5.6% during the third quarter. Teachers Advisors LLC now owns 54,111 shares of the auto parts company’s stock valued at $4,162,000 after buying an additional 2,864 shares during the period. Finally, Neuberger Berman Group LLC grew its stake in Dorman Products by 6.0% in the third quarter. Neuberger Berman Group LLC now owns 18,532 shares of the auto parts company’s stock valued at $1,425,000 after purchasing an additional 1,050 shares during the last quarter. Hedge funds and other institutional investors own 79.97% of the company’s stock.

Shares of DORM stock opened at $81.13 on Monday. Dorman Products has a 1 year low of $56.36 and a 1 year high of $91.32. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 1.49 and a beta of 0.98.

Dorman Products Company Profile

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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Earnings History and Estimates for Dorman Products (NASDAQ:DORM)

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