Dorman Products, Inc. (DORM) to Release Quarterly Earnings on Monday
Dorman Products, Inc. (NASDAQ:DORM) is set to post its quarterly earnings results before the market opens on Monday, July 24th. Analysts expect Dorman Products to post earnings of $0.85 per share for the quarter.
Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Tuesday, May 2nd. The auto parts company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. Dorman Products had a net margin of 12.66% and a return on equity of 18.79%. The business had revenue of $221.60 million for the quarter, compared to analyst estimates of $224.16 million. During the same period last year, the business posted $0.71 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts expect Dorman Products to post $3.5 EPS for the current fiscal year and $3.82 EPS for the next fiscal year.
Shares of Dorman Products, Inc. (NASDAQ DORM) opened at 76.24 on Monday. Dorman Products, Inc. has a one year low of $56.10 and a one year high of $88.50. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 23.75 and a beta of 0.63. The company’s 50 day moving average is $81.99 and its 200-day moving average is $77.52.
In other Dorman Products news, Director Paul R. Lederer sold 7,593 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $82.70, for a total transaction of $627,941.10. Following the transaction, the director now owns 15,873 shares in the company, valued at $1,312,697.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 11.70% of the company’s stock.
Several brokerages recently issued reports on DORM. B. Riley reissued a “neutral” rating and set a $74.50 target price on shares of Dorman Products in a research note on Monday, May 8th. Zacks Investment Research downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Finally, Jefferies Group LLC restated a “hold” rating and set a $85.00 price objective (up previously from $78.00) on shares of Dorman Products in a report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $82.63.
TRADEMARK VIOLATION WARNING: “Dorman Products, Inc. (DORM) to Release Quarterly Earnings on Monday” was reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/07/17/dorman-products-inc-dorm-to-release-quarterly-earnings-on-monday.html.
Dorman Products Company Profile
Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.
Receive News & Ratings for Dorman Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorman Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.