Dorman Products, Inc. (DORM) Set to Announce Earnings on Monday
Dorman Products, Inc. (NASDAQ:DORM) is set to post its quarterly earnings results before the market opens on Monday, October 23rd. Analysts expect Dorman Products to post earnings of $0.88 per share for the quarter.
Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.01). The company had revenue of $229.26 million for the quarter, compared to the consensus estimate of $225.91 million. Dorman Products had a net margin of 12.66% and a return on equity of 18.64%. Dorman Products’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS. On average, analysts expect Dorman Products to post $3.45 EPS for the current fiscal year and $3.8 EPS for the next fiscal year.
Dorman Products, Inc. (NASDAQ:DORM) opened at 69.60 on Monday. Dorman Products, Inc. has a 52-week low of $60.00 and a 52-week high of $88.50. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 21.16 and a beta of 0.63. The company’s 50-day moving average is $69.59 and its 200 day moving average is $76.48.
ILLEGAL ACTIVITY NOTICE: “Dorman Products, Inc. (DORM) Set to Announce Earnings on Monday” was posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/10/16/dorman-products-inc-dorm-set-to-announce-earnings-on-monday.html.
Several equities research analysts recently commented on the company. Zacks Investment Research downgraded Dorman Products from a “hold” rating to a “sell” rating in a report on Monday, July 10th. FBR & Co reiterated a “mkt perform” rating and issued a $74.50 price objective on shares of Dorman Products in a report on Tuesday, July 18th. Finally, BidaskClub upgraded Dorman Products from a “sell” rating to a “hold” rating in a report on Saturday, June 24th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $78.00.
In other Dorman Products news, Director Paul R. Lederer sold 1,800 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $74.82, for a total transaction of $134,676.00. Following the completion of the sale, the director now directly owns 16,961 shares in the company, valued at approximately $1,269,022.02. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.
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.