Dorman Products, Inc. (DORM) Scheduled to Post Quarterly Earnings on Tuesday
Dorman Products, Inc. (NASDAQ:DORM) will issue its quarterly earnings data before the market opens on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.85 per share for the quarter.
Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Tuesday, May 2nd. The auto parts company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.06. Dorman Products had a net margin of 12.66% and a return on equity of 18.79%. The company had revenue of $221.60 million during the quarter, compared to the consensus estimate of $224.16 million. During the same period in the prior year, the business posted $0.71 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts expect Dorman Products to post $3.51 EPS for the current fiscal year and $3.83 EPS for the next fiscal year.
Dorman Products, Inc. (NASDAQ DORM) opened at 76.80 on Tuesday. The firm has a market capitalization of $2.63 billion, a P/E ratio of 23.93 and a beta of 0.63. Dorman Products, Inc. has a 1-year low of $56.10 and a 1-year high of $88.50. The stock’s 50 day moving average is $79.49 and its 200-day moving average is $77.97.
DORM has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. BidaskClub downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Jefferies Group LLC reissued a “hold” rating and set a $85.00 target price (up from $78.00) on shares of Dorman Products in a research report on Wednesday, May 3rd. FBR & Co reissued a “mkt perform” rating and set a $74.50 target price on shares of Dorman Products in a research report on Tuesday, July 18th. Finally, B. Riley reissued a “neutral” rating and set a $74.50 target price on shares of Dorman Products in a research report on Saturday, May 13th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $81.25.
In other Dorman Products news, Director Paul R. Lederer sold 7,593 shares of the company’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $82.70, for a total value of $627,941.10. Following the completion of the sale, the director now directly owns 15,873 shares of the company’s stock, valued at approximately $1,312,697.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 11.70% of the company’s stock.
About Dorman Products
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.
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