Wall Street brokerages expect Dorman Products Inc. (NASDAQ:DORM) to report earnings per share (EPS) of $1.07 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Dorman Products’ earnings. The lowest EPS estimate is $1.05 and the highest is $1.08. Dorman Products posted earnings of $0.83 per share in the same quarter last year, which suggests a positive year over year growth rate of 28.9%. The business is scheduled to issue its next quarterly earnings report on Tuesday, August 7th.
On average, analysts expect that Dorman Products will report full-year earnings of $4.17 per share for the current fiscal year, with EPS estimates ranging from $4.10 to $4.25. For the next financial year, analysts forecast that the firm will post earnings of $4.60 per share, with EPS estimates ranging from $4.56 to $4.68. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Dorman Products.
Get Dorman Products alerts:Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Tuesday, May 1st. The auto parts company reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.07). The firm had revenue of $227.30 million during the quarter, compared to analyst estimates of $233.97 million. Dorman Products had a return on equity of 18.27% and a net margin of 11.89%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS.
A number of equities research analysts have commented on the company. Zacks Investment Research cut Dorman Products from a “hold” rating to a “sell” rating in a report on Monday, June 18th. BidaskClub upgraded Dorman Products from a “hold” rating to a “buy” rating in a report on Tuesday, June 19th. ValuEngine cut Dorman Products from a “hold” rating to a “sell” rating in a report on Tuesday, May 1st. Finally, Barrington Research restated a “hold” rating on shares of Dorman Products in a report on Tuesday, May 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $70.50.
In other Dorman Products news, Director John J. Gavin bought 1,536 shares of the company’s stock in a transaction dated Monday, May 7th. The shares were acquired at an average cost of $65.23 per share, with a total value of $100,193.28. Following the completion of the transaction, the director now owns 3,395 shares in the company, valued at $221,455.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.90% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in DORM. Schwab Charles Investment Management Inc. grew its holdings in shares of Dorman Products by 3.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 178,876 shares of the auto parts company’s stock valued at $10,937,000 after acquiring an additional 5,664 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Dorman Products in the 4th quarter valued at approximately $654,000. California Public Employees Retirement System grew its holdings in shares of Dorman Products by 2.6% during the 4th quarter. California Public Employees Retirement System now owns 73,595 shares of the auto parts company’s stock valued at $4,500,000 after purchasing an additional 1,857 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Dorman Products by 36.6% during the 4th quarter. Wells Fargo & Company MN now owns 69,348 shares of the auto parts company’s stock valued at $4,240,000 after purchasing an additional 18,593 shares during the last quarter. Finally, Pinebridge Investments L.P. boosted its stake in shares of Dorman Products by 184.3% in the 4th quarter. Pinebridge Investments L.P. now owns 10,700 shares of the auto parts company’s stock valued at $654,000 after purchasing an additional 6,936 shares during the last quarter. 75.36% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:DORM traded down $1.64 during trading hours on Friday, reaching $68.31. 114,248 shares of the company traded hands, compared to its average volume of 155,220. The stock has a market cap of $2.28 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.17 and a beta of 0.87. Dorman Products has a 1-year low of $56.36 and a 1-year high of $83.60.
About Dorman Products
Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.
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