Analysts Expect Dorman Products Inc. (DORM) to Post $1.03 EPS

Equities research analysts predict that Dorman Products Inc. (NASDAQ:DORM) will post earnings of $1.03 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Dorman Products’ earnings. The highest EPS estimate is $1.04 and the lowest is $1.02. Dorman Products reported earnings per share of $0.85 in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.2%. The business is expected to announce its next earnings results on Tuesday, May 1st.

On average, analysts expect that Dorman Products will report full year earnings of $4.20 per share for the current financial year, with EPS estimates ranging from $4.10 to $4.26. For the next financial year, analysts anticipate that the company will report earnings of $4.61 per share, with EPS estimates ranging from $4.56 to $4.68. Zacks’ EPS calculations are an average based on a survey of analysts that follow Dorman Products.

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Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Monday, February 26th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. The company had revenue of $227.72 million during the quarter, compared to the consensus estimate of $234.58 million. Dorman Products had a return on equity of 18.14% and a net margin of 11.80%. Dorman Products’s revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share.

Several brokerages have weighed in on DORM. BidaskClub raised Dorman Products from a “hold” rating to a “buy” rating in a report on Friday, February 16th. Barrington Research reissued a “hold” rating on shares of Dorman Products in a report on Tuesday, February 27th. Zacks Investment Research raised Dorman Products from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a report on Thursday, March 1st. Finally, CL King raised Dorman Products from a “neutral” rating to a “strong-buy” rating in a report on Wednesday, January 3rd. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $70.50.

Shares of Dorman Products (NASDAQ DORM) traded up $1.80 during midday trading on Tuesday, reaching $70.66. The company’s stock had a trading volume of 474,208 shares, compared to its average volume of 242,452. The firm has a market capitalization of $2,371.92, a P/E ratio of 21.09, a PEG ratio of 1.53 and a beta of 0.91. Dorman Products has a fifty-two week low of $60.93 and a fifty-two week high of $88.50.

In other Dorman Products news, SVP Jeffery Darby sold 1,100 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $72.77, for a total value of $80,047.00. Following the completion of the sale, the senior vice president now owns 13,488 shares of the company’s stock, valued at $981,521.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 11.70% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in Dorman Products by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 859,092 shares of the auto parts company’s stock worth $61,528,000 after acquiring an additional 10,520 shares in the last quarter. Royce & Associates LP increased its stake in shares of Dorman Products by 0.9% in the fourth quarter. Royce & Associates LP now owns 645,284 shares of the auto parts company’s stock worth $39,453,000 after purchasing an additional 5,984 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of Dorman Products by 12.3% in the fourth quarter. Conestoga Capital Advisors LLC now owns 642,180 shares of the auto parts company’s stock worth $39,263,000 after purchasing an additional 70,280 shares in the last quarter. Atlanta Capital Management Co. L L C increased its stake in shares of Dorman Products by 15.9% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 604,970 shares of the auto parts company’s stock worth $36,988,000 after purchasing an additional 83,202 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Dorman Products by 33.4% in the third quarter. Ameriprise Financial Inc. now owns 330,617 shares of the auto parts company’s stock worth $23,679,000 after purchasing an additional 82,743 shares in the last quarter. 75.27% of the stock is owned by institutional investors and hedge funds.

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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.

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Earnings History and Estimates for Dorman Products (NASDAQ:DORM)

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