Dorman Products (DORM) to Release Earnings on Tuesday

Dorman Products (NASDAQ:DORM) is scheduled to post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Dorman Products has set its FY24 guidance at $5.40-5.70 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Monday, February 26th. The auto parts company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.16. The business had revenue of $494.30 million during the quarter, compared to analysts’ expectations of $494.86 million. Dorman Products had a return on equity of 12.92% and a net margin of 6.70%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.01 earnings per share. On average, analysts expect Dorman Products to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Dorman Products Stock Performance

Shares of DORM stock opened at $88.76 on Tuesday. The stock has a 50-day moving average of $91.12 and a 200-day moving average of $82.32. Dorman Products has a one year low of $60.01 and a one year high of $98.55. The stock has a market cap of $2.75 billion, a PE ratio of 21.65 and a beta of 0.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.25 and a quick ratio of 1.09.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DORM shares. Barrington Research reissued an “outperform” rating and set a $90.00 price objective on shares of Dorman Products in a research report on Tuesday, February 27th. Roth Mkm reissued a “buy” rating and issued a $116.00 price target on shares of Dorman Products in a research note on Monday, March 25th. TheStreet raised Dorman Products from a “c+” rating to a “b” rating in a research report on Wednesday, March 20th. Finally, StockNews.com raised Dorman Products from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th.

About Dorman Products

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.