Q1 2018 EPS Estimates for Dorman Products, Inc. (DORM) Lifted by FBR & Co
Dorman Products, Inc. (NASDAQ:DORM) – Analysts at FBR & Co boosted their Q1 2018 earnings per share (EPS) estimates for Dorman Products in a report issued on Monday. FBR & Co analyst C. Horn now anticipates that the auto parts company will post earnings of $0.89 per share for the quarter, up from their previous forecast of $0.88. FBR & Co has a “Neutral” rating and a $65.00 price target on the stock. FBR & Co also issued estimates for Dorman Products’ Q2 2018 earnings at $0.92 EPS and FY2018 earnings at $3.78 EPS.
A number of other equities analysts have also weighed in on DORM. Jefferies Group LLC reissued a “hold” rating and set a $75.00 price objective on shares of Dorman Products in a research note on Sunday. BidaskClub raised Dorman Products from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised Dorman Products from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $71.50.
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Dorman Products (NASDAQ DORM) traded up 1.13% during mid-day trading on Tuesday, reaching $68.65. The company had a trading volume of 125,043 shares. Dorman Products has a 52 week low of $61.07 and a 52 week high of $88.50. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 20.87 and a beta of 0.63. The stock has a 50 day moving average of $70.67 and a 200 day moving average of $75.85.
Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Friday, October 27th. The auto parts company reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.07). Dorman Products had a net margin of 12.53% and a return on equity of 18.32%. The company had revenue of $224.60 million for the quarter, compared to analysts’ expectations of $233.56 million. During the same quarter in the previous year, the company posted $0.77 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis.
In other news, Director Paul R. Lederer sold 1,800 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $74.82, for a total value of $134,676.00. Following the transaction, the director now owns 16,961 shares of the company’s stock, valued at approximately $1,269,022.02. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 11.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in DORM. YorkBridge Wealth Partners LLC lifted its stake in shares of Dorman Products by 3.0% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,390 shares of the auto parts company’s stock valued at $115,000 after purchasing an additional 41 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Dorman Products in the 2nd quarter valued at $117,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Dorman Products by 8.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock valued at $119,000 after purchasing an additional 118 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Dorman Products by 10.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,447 shares of the auto parts company’s stock valued at $120,000 after purchasing an additional 139 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. lifted its stake in shares of Dorman Products by 1,740.0% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,840 shares of the auto parts company’s stock valued at $132,000 after purchasing an additional 1,740 shares during the last quarter. 76.07% of the stock is currently owned by institutional investors and hedge funds.
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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