Dorman Products, Inc. (NASDAQ:DORM – Get Rating) – Barrington Research cut their Q2 2022 earnings per share (EPS) estimates for Dorman Products in a research note issued to investors on Tuesday, April 26th. Barrington Research analyst G. Prestopino now forecasts that the auto parts company will post earnings of $1.27 per share for the quarter, down from their previous estimate of $1.28. Barrington Research has a “Outperform” rating on the stock. Barrington Research also issued estimates for Dorman Products’ Q3 2022 earnings at $1.35 EPS, Q4 2022 earnings at $1.54 EPS, Q1 2023 earnings at $1.43 EPS, Q2 2023 earnings at $1.42 EPS, Q3 2023 earnings at $1.49 EPS and Q4 2023 earnings at $1.66 EPS.
Dorman Products (NASDAQ:DORM – Get Rating) last announced its earnings results on Monday, April 25th. The auto parts company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.08. The company had revenue of $401.60 million for the quarter, compared to analyst estimates of $371.84 million. Dorman Products had a return on equity of 16.42% and a net margin of 9.78%. The firm’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.04 earnings per share.
NASDAQ:DORM opened at $96.65 on Thursday. The company has a fifty day simple moving average of $95.34 and a two-hundred day simple moving average of $102.13. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 23.46 and a beta of 0.77. Dorman Products has a 52 week low of $88.43 and a 52 week high of $122.96.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Dorman Products by 2.4% in the fourth quarter. BlackRock Inc. now owns 4,221,306 shares of the auto parts company’s stock valued at $477,049,000 after acquiring an additional 98,211 shares in the last quarter. State Street Corp boosted its stake in Dorman Products by 3.7% in the fourth quarter. State Street Corp now owns 905,090 shares of the auto parts company’s stock valued at $102,284,000 after acquiring an additional 32,243 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Dorman Products by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 824,554 shares of the auto parts company’s stock valued at $78,066,000 after buying an additional 19,433 shares during the last quarter. Eaton Vance Management raised its holdings in shares of Dorman Products by 11.6% in the fourth quarter. Eaton Vance Management now owns 725,553 shares of the auto parts company’s stock valued at $81,919,000 after buying an additional 75,325 shares during the last quarter. Finally, abrdn plc raised its holdings in shares of Dorman Products by 9.0% in the fourth quarter. abrdn plc now owns 612,098 shares of the auto parts company’s stock valued at $69,173,000 after buying an additional 50,723 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.
About Dorman Products (Get Rating)
Dorman Products, Inc supplies replacement parts and fasteners for passenger cars, light trucks, and medium- and heavy-duty trucks in the automotive aftermarket industry worldwide. It offers original equipment dealer products, such as intake and 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 oil drain plugs, and wheel bolts and lug nuts.
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