Brokerages predict that Dorman Products, Inc. (NASDAQ:DORM – Get Rating) will post $1.29 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Dorman Products’ earnings, with the highest EPS estimate coming in at $1.30 and the lowest estimate coming in at $1.27. Dorman Products posted earnings of $1.10 per share during the same quarter last year, which would indicate a positive year over year growth rate of 17.3%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Dorman Products will report full-year earnings of $5.51 per share for the current financial year, with EPS estimates ranging from $5.45 to $5.54. For the next year, analysts forecast that the company will post earnings of $6.04 per share, with EPS estimates ranging from $5.93 to $6.20. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Dorman Products.
Dorman Products (NASDAQ:DORM – Get Rating) last released its quarterly earnings data on Monday, April 25th. The auto parts company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.08. The business had revenue of $401.60 million during the quarter, compared to analysts’ expectations of $371.84 million. Dorman Products had a net margin of 9.19% and a return on equity of 16.88%. The company’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 EPS.
NASDAQ DORM traded up $0.85 during trading on Monday, reaching $96.98. 2,557 shares of the company’s stock were exchanged, compared to its average volume of 113,346. The company has a 50 day moving average price of $96.06 and a two-hundred day moving average price of $102.06. The stock has a market cap of $3.05 billion, a P/E ratio of 22.99 and a beta of 0.69. Dorman Products has a 1 year low of $88.43 and a 1 year high of $122.96.
Several institutional investors have recently bought and sold shares of DORM. Swiss National Bank boosted its position in shares of Dorman Products by 6.7% in the 1st quarter. Swiss National Bank now owns 67,300 shares of the auto parts company’s stock valued at $6,396,000 after purchasing an additional 4,200 shares during the period. Csenge Advisory Group boosted its position in shares of Dorman Products by 0.6% in the 1st quarter. Csenge Advisory Group now owns 28,151 shares of the auto parts company’s stock valued at $2,675,000 after purchasing an additional 159 shares during the period. Summit Creek Advisors LLC boosted its position in shares of Dorman Products by 0.4% in the 1st quarter. Summit Creek Advisors LLC now owns 243,268 shares of the auto parts company’s stock valued at $23,118,000 after purchasing an additional 964 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Dorman Products by 5.0% in the 1st quarter. Teacher Retirement System of Texas now owns 5,829 shares of the auto parts company’s stock valued at $554,000 after purchasing an additional 279 shares during the period. Finally, Leeward Investments LLC MA acquired a new stake in shares of Dorman Products in the 1st quarter valued at about $11,090,000. 82.23% of the stock is owned by institutional investors and hedge funds.
Dorman Products Company Profile (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.
- Get a free copy of the StockNews.com research report on Dorman Products (DORM)
- Johnson Outdoors Falls On Bleak Outlook
- Time to Buy These 3 Oversold Mid-Caps
- Institutional Support For Tyson Foods Is Growing
- Mattel Stock is Ready to Catch
- HCA Healthcare Stock is Ready to Climb Higher
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.