Analysts expect Dorman Products Inc. (NASDAQ:DORM) to announce earnings of $0.86 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Dorman Products’ earnings, with the highest EPS estimate coming in at $0.88 and the lowest estimate coming in at $0.85. Dorman Products posted earnings per share of $0.83 in the same quarter last year, which indicates a positive year over year growth rate of 3.6%. The company is expected to announce its next earnings results on Wednesday, February 28th.

On average, analysts expect that Dorman Products will report full year earnings of $3.34 per share for the current year, with EPS estimates ranging from $3.32 to $3.35. For the next financial year, analysts forecast that the business will post earnings of $3.79 per share, with EPS estimates ranging from $3.78 to $3.79. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Dorman Products.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Friday, October 27th. The auto parts company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.07). The business had revenue of $224.60 million during the quarter, compared to the consensus estimate of $233.56 million. Dorman Products had a return on equity of 18.32% and a net margin of 12.53%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 earnings per share.

A number of research firms recently commented on DORM. CL King upgraded shares of Dorman Products from a “neutral” rating to a “strong-buy” rating in a report on Wednesday. FBR & Co reiterated a “neutral” rating and set a $65.00 price target (down from $75.00) on shares of Dorman Products in a report on Monday, October 30th. B. Riley reiterated a “neutral” rating and set a $65.00 price target (down from $75.00) on shares of Dorman Products in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a report on Monday. Finally, Jefferies Group reiterated a “hold” rating and set a $75.00 price target on shares of Dorman Products in a report on Sunday, October 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $68.33.

Dorman Products (DORM) traded up $1.22 during trading hours on Thursday, reaching $70.33. 508,212 shares of the company were exchanged, compared to its average volume of 481,000. Dorman Products has a 52 week low of $60.93 and a 52 week high of $88.50. The company has a market cap of $2,330.00, a price-to-earnings ratio of 21.25, a P/E/G ratio of 1.50 and a beta of 0.61.

A number of institutional investors have recently modified their holdings of DORM. YorkBridge Wealth Partners LLC increased its position in Dorman Products by 3.0% during 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 period. SG Americas Securities LLC purchased a new position in Dorman Products during the 2nd quarter valued at $117,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Dorman Products by 8.9% during 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 period. Bronfman E.L. Rothschild L.P. increased its position in Dorman Products by 10.6% during 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 period. Finally, Winslow Evans & Crocker Inc. increased its position in Dorman Products by 1,740.0% during 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 period. 76.23% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Brokerages Anticipate Dorman Products Inc. (DORM) Will Post Earnings of $0.86 Per Share” was published by American Banking News and is owned by of American Banking News. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/04/brokerages-anticipate-dorman-products-inc-dorm-will-post-earnings-of-0-86-per-share.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.

Get a free copy of the Zacks research report on Dorman Products (DORM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Dorman Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorman Products and related companies with MarketBeat.com's FREE daily email newsletter.