$0.88 EPS Expected for Dorman Products, Inc. (NASDAQ:DORM) This Quarter

Brokerages expect that Dorman Products, Inc. (NASDAQ:DORM) will report earnings of $0.88 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Dorman Products’ earnings, with the lowest EPS estimate coming in at $0.84 and the highest estimate coming in at $0.91. Dorman Products reported earnings per share of $0.66 during the same quarter last year, which would suggest a positive year over year growth rate of 33.3%. The firm is scheduled to announce its next earnings results on Monday, February 22nd.

According to Zacks, analysts expect that Dorman Products will report full-year earnings of $3.76 per share for the current fiscal year, with EPS estimates ranging from $3.65 to $3.90. For the next year, analysts expect that the business will post earnings of $4.24 per share, with EPS estimates ranging from $4.12 to $4.35. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Dorman Products.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Sunday, February 21st. The auto parts company reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.27. Dorman Products had a return on equity of 11.24% and a net margin of 8.58%. The business had revenue of $301.20 million for the quarter, compared to analysts’ expectations of $269.69 million. During the same period in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year.

Separately, Zacks Investment Research downgraded Dorman Products from a “buy” rating to a “hold” rating in a research note on Tuesday, February 2nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $72.33.

Hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its position in Dorman Products by 70.3% in the third quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the auto parts company’s stock worth $1,211,000 after acquiring an additional 5,530 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Dorman Products in the 3rd quarter valued at $506,000. Nisa Investment Advisors LLC grew its holdings in shares of Dorman Products by 6.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,600 shares of the auto parts company’s stock worth $868,000 after purchasing an additional 600 shares during the period. Conestoga Capital Advisors LLC increased its position in shares of Dorman Products by 4.2% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 885,353 shares of the auto parts company’s stock worth $80,018,000 after purchasing an additional 35,925 shares during the last quarter. Finally, OLD National Bancorp IN raised its holdings in Dorman Products by 15.2% in the 3rd quarter. OLD National Bancorp IN now owns 3,961 shares of the auto parts company’s stock valued at $358,000 after buying an additional 524 shares during the period. 76.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dorman Products stock opened at $102.53 on Thursday. The business’s 50 day moving average price is $95.91 and its 200 day moving average price is $91.29. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 37.56, a PEG ratio of 2.12 and a beta of 0.83. Dorman Products has a one year low of $44.49 and a one year high of $102.99.

Dorman Products Company Profile

Dorman Products, Inc supplies replacement parts and fasteners for passenger cars, light trucks, and heavy duty trucks to the automotive aftermarket industry in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake and 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, and wheel bolts and lug nuts.

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

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