Zacks: Analysts Expect Dorman Products, Inc. (NASDAQ: DORM) to Post EPS of $1.29
Wall Street analysts expect Dorman Products, Inc. (NASDAQ:DORM – Get a rating) to show earnings per share of $1.29 for the current fiscal quarter, Zacks Investment Research reports. Two analysts provided earnings estimates for Dorman Products, with the lowest EPS estimate of $1.27 and the highest estimate of $1.30. Dorman Products reported earnings of $1.10 per share in the same quarter last year, suggesting a positive growth rate of 17.3% year over year. The company is due to announce its next earnings report on Monday, January 1.
According to Zacks, analysts expect Dorman Products to report annual earnings of $5.52 per share for the current year, with EPS estimates ranging from $5.45 to $5.57. For the next fiscal year, analysts expect the company to report earnings of $6.03 per share, with EPS estimates ranging from $5.93 to $6.17. Zacks Investment Research’s EPS calculations are an average average based on a survey of sell-side research analysts who provide coverage for Dorman products.
Dorman Products (NASDAQ: DORM – Get a rating) last released its quarterly earnings data on Monday, April 25. The auto parts company reported earnings per share of $1.29 for the quarter, beating the consensus estimate of $1.23 by $0.06. Dorman Products had a net margin of 9.19% and a return on equity of 16.88%. The company posted revenue of $401.60 million in the quarter, compared to $371.84 million expected by analysts. In the same quarter of the previous year, the company achieved EPS of $1.04. The company’s revenue increased 39.4% year over year.
DORM has been the subject of several recent analyst reports. StockNews.com moved shares of Dorman Products from a “hold” rating to a “buy” rating in a report on Tuesday, April 5. Zacks Investment Research downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a Friday, May 20 research report. MKM Partners began covering Dorman Products shares in a research report on Wednesday, May 18. They set a “buy” rating and a target price of $129.00 on the stock. Finally, Barrington Research upgraded shares of Dorman Products from a “market performer” rating to an “outperformer” rating in a Tuesday, April 26 research rating.
In related news, EVP Michael Kealey sold 10,612 shares in a trade dated Thursday, May 5. The shares were sold at an average price of $96.83, for a total transaction of $1,027,559.96. Following the completion of the transaction, the executive vice president now owns 22,056 shares of the company, valued at $2,135,682.48. The transaction was disclosed in an SEC filing, which is available via this link. 10.30% of the shares are currently held by company insiders.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. MML Investors Services LLC increased its stake in Dorman Products by 3.3% during the third quarter. MML Investors Services LLC now owns 2,907 shares of the auto parts company valued at $275,000 after buying 94 additional shares in the last quarter. Sei Investments Co. increased its holdings of Dorman Products shares 2.0% in the fourth quarter. Sei Investments Co. now owns 5,719 shares of the auto parts company worth $670,000 after buying 113 more shares in the last quarter. Brinker Capital Investments LLC increased its holdings of Dorman Products shares by 0.7% in the first quarter. Brinker Capital Investments LLC now owns 16,762 shares of the auto parts company worth $1,593,000 after buying 120 more shares last quarter. OLD National Bancorp IN increased its holdings of Dorman Products shares by 6.2% in the first quarter. OLD National Bancorp IN now owns 2,233 shares of the auto parts company worth $212,000 after buying 131 more shares last quarter. Finally, Equitable Trust Co. increased its holdings of Dorman Products shares by 6.8% in the fourth quarter. Equitable Trust Co. now owns 2,295 shares of the auto parts company worth $259,000 after buying 146 more shares in the last quarter. 82.23% of the shares are currently held by institutional investors and hedge funds.
DORM stock traded at $1.31 by midday on Monday, hitting $101.26. The stock recorded trading volume of 2,422 shares, compared to an average trading volume of 114,455 shares. Dorman Products has a 52-week low of $88.43 and a 52-week high of $122.96. The company has a market capitalization of $3.18 billion, a P/E ratio of 24.05 and a beta of 0.69. The company has a fifty-day simple moving average of $96.41 and a 200-day simple moving average of $101.00.
Company Profile Dorman Products (Get a rating)
Dorman Products, Inc provides replacement parts and fasteners for passenger cars, light trucks, and medium and heavy trucks to the automotive aftermarket industry worldwide. It offers original equipment dealer products, such as intake and exhaust manifolds, window regulators, radiator fans, tire pressure monitoring sensors, tire recirculation coolers exhaust gases and complex electronic modules; fluid reservoirs, variable valve timing components, complex electronics and integrated door lock actuators; and oil drain plugs, wheel bolts and wheel nuts.
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