Dorman Products (DORM) to Release Quarterly Earnings on Tuesday

Dorman Products (NASDAQ:DORM) will announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Dorman Products has set its FY24 guidance at $5.40-5.70 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Monday, February 26th. The auto parts company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.16. The firm had revenue of $494.30 million for the quarter, compared to the consensus estimate of $494.86 million. Dorman Products had a return on equity of 12.92% and a net margin of 6.70%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $1.01 EPS. On average, analysts expect Dorman Products to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Dorman Products Stock Up 0.2 %

DORM stock opened at $90.95 on Friday. The business has a 50-day moving average of $91.84 and a 200-day moving average of $82.69. Dorman Products has a fifty-two week low of $60.01 and a fifty-two week high of $98.55. The stock has a market capitalization of $2.82 billion, a P/E ratio of 22.18 and a beta of 0.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.25 and a quick ratio of 1.09.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. StockNews.com raised shares of Dorman Products from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Roth Mkm restated a “buy” rating and set a $116.00 price objective on shares of Dorman Products in a research note on Monday, March 25th. Barrington Research reissued an “outperform” rating and set a $90.00 price target on shares of Dorman Products in a research report on Tuesday, February 27th. Finally, TheStreet upgraded Dorman Products from a “c+” rating to a “b” rating in a research note on Wednesday, March 20th.

Dorman Products Company Profile

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.