Dorman Products Inc. (DORM) Expected to Announce Earnings of $0.86 Per Share

Equities research analysts expect that Dorman Products Inc. (NASDAQ:DORM) will announce $0.86 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Dorman Products’ earnings, with estimates ranging from $0.85 to $0.88. Dorman Products reported earnings per share of $0.83 during the same quarter last year, which suggests a positive year over year growth rate of 3.6%. The company is scheduled to report its next earnings results on Wednesday, February 28th.

According to Zacks, 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 year, analysts expect that the firm will post earnings of $3.79 per share, with EPS estimates ranging from $3.78 to $3.79. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Dorman Products.

DORM has been the topic of a number of recent analyst reports. Zacks Investment Research raised Dorman Products from a “sell” rating to a “hold” rating in a research note on Monday, January 1st. BidaskClub raised Dorman Products from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Jefferies Group reissued a “hold” rating and set a $75.00 price target on shares of Dorman Products in a research note on Sunday, October 29th. B. Riley reissued a “neutral” rating and set a $65.00 price target (down previously from $75.00) on shares of Dorman Products in a research note on Wednesday, November 1st. Finally, FBR & Co reissued a “neutral” rating and set a $65.00 price target (down previously from $75.00) on shares of Dorman Products in a research note on Monday, October 30th. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Dorman Products currently has an average rating of “Hold” and an average target price of $68.33.

Dorman Products (NASDAQ:DORM) opened at $72.63 on Thursday. Dorman Products has a 52 week low of $60.93 and a 52 week high of $88.50. The firm has a market capitalization of $2,406.77, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 1.71 and a beta of 0.85.

Several institutional investors and hedge funds have recently modified their holdings of DORM. TIAA CREF Investment Management LLC raised its position in shares of Dorman Products by 1.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 73,917 shares of the auto parts company’s stock worth $6,118,000 after buying an additional 1,324 shares during the period. Amalgamated Bank raised its position in shares of Dorman Products by 7.6% in the 2nd quarter. Amalgamated Bank now owns 3,814 shares of the auto parts company’s stock worth $316,000 after buying an additional 270 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Dorman Products by 2.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 15,440 shares of the auto parts company’s stock worth $1,278,000 after buying an additional 307 shares during the period. Northern Trust Corp raised its position in shares of Dorman Products by 0.4% in the 2nd quarter. Northern Trust Corp now owns 495,067 shares of the auto parts company’s stock worth $40,977,000 after buying an additional 1,945 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Dorman Products by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,833,910 shares of the auto parts company’s stock worth $234,562,000 after buying an additional 27,088 shares during the period. 72.63% of the stock is currently owned by institutional investors and hedge funds.

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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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