Wall Street analysts expect Dorman Products Inc. (NASDAQ:DORM) to announce $1.04 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Dorman Products’ earnings. The lowest EPS estimate is $1.03 and the highest is $1.05. Dorman Products reported earnings of $0.80 per share in the same quarter last year, which indicates a positive year over year growth rate of 30%. The firm is scheduled to report its next quarterly earnings report after the market closes on Friday, October 26th.
On average, analysts expect that Dorman Products will report full-year earnings of $4.19 per share for the current year, with EPS estimates ranging from $4.15 to $4.25. For the next fiscal year, analysts forecast that the business will post earnings of $4.57 per share, with EPS estimates ranging from $4.47 to $4.68. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Dorman Products.
Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Tuesday, July 31st. The auto parts company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.04. Dorman Products had a net margin of 12.42% and a return on equity of 19.13%. The company had revenue of $238.15 million during the quarter, compared to the consensus estimate of $244.87 million. During the same period in the prior year, the business posted $0.84 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis.
DORM has been the subject of a number of recent research reports. BidaskClub downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a research note on Thursday, September 20th. ValuEngine upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. Zacks Investment Research upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. Finally, Barrington Research restated a “hold” rating on shares of Dorman Products in a research note on Thursday, July 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $59.60.
In other news, SVP Jeffery Darby sold 1,367 shares of the stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $76.13, for a total transaction of $104,069.71. Following the completion of the transaction, the senior vice president now directly owns 12,639 shares in the company, valued at approximately $962,207.07. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mathias J. Barton sold 18,986 shares of the stock in a transaction dated Thursday, September 13th. The stock was 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 owns 111,011 shares of the company’s stock, valued at $9,029,634.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,278 shares of company stock valued at $1,949,046. Company insiders own 11.90% of the company’s stock.
Large investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in Dorman Products by 1.7% in the 1st quarter. Principal Financial Group Inc. now owns 228,991 shares of the auto parts company’s stock valued at $15,161,000 after purchasing an additional 3,731 shares during the last quarter. Pinebridge Investments L.P. lifted its stake in Dorman Products by 7.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 25,763 shares of the auto parts company’s stock valued at $1,761,000 after purchasing an additional 1,779 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new stake in Dorman Products in the 2nd quarter valued at about $300,000. Dupont Capital Management Corp lifted its stake in Dorman Products by 12.6% in the 2nd quarter. Dupont Capital Management Corp now owns 18,744 shares of the auto parts company’s stock valued at $1,280,000 after purchasing an additional 2,092 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Dorman Products by 5.1% in the 2nd quarter. Legal & General Group Plc now owns 64,197 shares of the auto parts company’s stock valued at $4,420,000 after purchasing an additional 3,103 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.
Shares of Dorman Products stock traded up $0.76 during trading hours on Friday, reaching $67.42. 171,482 shares of the company’s stock were exchanged, compared to its average volume of 167,672. Dorman Products has a fifty-two week low of $56.36 and a fifty-two week high of $83.42. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 1.31 and a beta of 1.07.
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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