Wall Street brokerages expect Dorman Products Inc. (NASDAQ:DORM) to post sales of $249.42 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Dorman Products’ earnings, with the lowest sales estimate coming in at $245.00 million and the highest estimate coming in at $252.77 million. Dorman Products reported sales of $227.72 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9.5%. The business is scheduled to announce its next quarterly earnings report on Monday, February 25th.
According to Zacks, analysts expect that Dorman Products will report full year sales of $962.79 million for the current year, with estimates ranging from $958.40 million to $966.13 million. For the next financial year, analysts anticipate that the company will report sales of $1.03 billion, with estimates ranging from $1.01 billion to $1.06 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Dorman Products.
Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Thursday, October 25th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. The business had revenue of $247.95 million during the quarter, compared to analyst estimates of $234.46 million. Dorman Products had a net margin of 12.85% and a return on equity of 19.80%.
In other news, CEO Mathias J. Barton sold 38,871 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $87.89, for a total transaction of $3,416,372.19. Following the completion of the sale, the chief executive officer now owns 82,931 shares of the company’s stock, valued at approximately $7,288,805.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue grew its position in shares of Dorman Products by 3.2% during the 4th quarter. State of Alaska Department of Revenue now owns 9,725 shares of the auto parts company’s stock worth $875,000 after buying an additional 306 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Dorman Products by 11.1% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,972 shares of the auto parts company’s stock valued at $536,000 after purchasing an additional 697 shares during the period. Tdam USA Inc. grew its position in Dorman Products by 3.9% in the 3rd quarter. Tdam USA Inc. now owns 22,433 shares of the auto parts company’s stock valued at $1,726,000 after purchasing an additional 836 shares during the period. Xact Kapitalforvaltning AB grew its position in Dorman Products by 19.0% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 5,644 shares of the auto parts company’s stock valued at $434,000 after purchasing an additional 900 shares during the period. Finally, Glenmede Trust Co. NA grew its position in Dorman Products by 15.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,232 shares of the auto parts company’s stock valued at $555,000 after purchasing an additional 980 shares during the period. 79.93% of the stock is owned by institutional investors.
NASDAQ DORM traded up $1.02 during trading hours on Friday, reaching $94.56. The company’s stock had a trading volume of 292,400 shares, compared to its average volume of 364,050. The firm has a market cap of $3.05 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 1.54 and a beta of 0.77. Dorman Products has a 52 week low of $56.36 and a 52 week high of $95.25.
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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