Dorman Products (DORM) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Dorman Products (NASDAQ:DORM) announced its earnings results on Tuesday. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.01, ARN reports. The company had revenue of $178.00 million for the quarter, compared to the consensus estimate of $172.28 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 13.8% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Ned Davis Research initiated coverage on shares of Dorman Products in a research note to investors on Monday, October 7th. They set a “neutral” rating on the stock. On a related note, analysts at B. Riley initiated coverage on shares of Dorman Products in a research note to investors on Tuesday, September 3rd. They set a “sell” rating and a $36.50 price target on the stock. Finally, analysts at Merrill Lynch initiated coverage on shares of Dorman Products in a research note to investors on Tuesday, August 13th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $48.25.
Dorman Products (NASDAQ:DORM) traded up 0.20% during mid-day trading on Tuesday, hitting $49.09. 61,675 shares of the company’s stock traded hands. Dorman Products has a 52-week low of $28.52 and a 52-week high of $52.43. The stock has a 50-day moving average of $49.86 and a 200-day moving average of $43.49. The company has a market cap of $1.785 billion and a price-to-earnings ratio of 24.16.
Dorman Products, Inc (NASDAQ:DORM) is a supplier of automotive and heavy duty truck replacement parts and service line products primarily for the automotive aftermarket.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.