Dorman Products (NASDAQ:DORM) announced its earnings results on Thursday. The auto parts company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02, Fidelity Earnings reports. The firm had revenue of $247.95 million for the quarter, compared to analysts’ expectations of $234.46 million. Dorman Products had a return on equity of 19.13% and a net margin of 12.42%. Dorman Products updated its FY 2018 guidance to $4.15-4.27 EPS.
NASDAQ:DORM traded up $5.42 during trading hours on Friday, reaching $76.15. 350,600 shares of the company traded hands, compared to its average volume of 167,021. The stock has a market cap of $2.29 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 1.18 and a beta of 1.07. Dorman Products has a 1-year low of $56.36 and a 1-year high of $83.42.
A number of equities research analysts have commented on DORM shares. BidaskClub cut Dorman Products from a “buy” rating to a “hold” rating in a report on Thursday, September 20th. ValuEngine upgraded Dorman Products from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Barrington Research reiterated a “hold” rating on shares of Dorman Products in a report on Monday. Finally, Zacks Investment Research upgraded Dorman Products from a “sell” rating to a “hold” rating in a report on Tuesday, July 3rd. Seven equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $59.60.
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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