Dorman Products, Inc. (DORM) Expected to Post Quarterly Sales of $235.45 Million
Analysts expect Dorman Products, Inc. (NASDAQ:DORM) to report sales of $235.45 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Dorman Products’ earnings. The highest sales estimate is $235.97 million and the lowest is $234.40 million. Dorman Products reported sales of $229.10 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.8%. The company is scheduled to issue its next quarterly earnings results on Wednesday, February 28th.
On average, analysts expect that Dorman Products will report full year sales of $235.45 million for the current year, with estimates ranging from $909.90 million to $911.47 million. For the next fiscal year, analysts expect that the company will report sales of $1.01 billion per share, with estimates ranging from $1.00 billion to $1.02 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Dorman Products.
Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Friday, October 27th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.07). The firm had revenue of $224.60 million during the quarter, compared to the consensus estimate of $233.56 million. Dorman Products had a net margin of 12.53% and a return on equity of 18.32%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.77 earnings per share.
A number of equities analysts have recently commented on the stock. BidaskClub upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Jefferies Group restated a “hold” rating and issued a $75.00 target price on shares of Dorman Products in a report on Sunday, October 29th. B. Riley restated a “neutral” rating and issued a $65.00 target price (down previously from $75.00) on shares of Dorman Products in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, FBR & Co restated a “neutral” rating and issued a $65.00 target price (down previously from $75.00) on shares of Dorman Products in a report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $68.33.
Dorman Products (DORM) traded down $0.17 during midday trading on Friday, hitting $66.19. 153,799 shares of the company’s stock were exchanged, compared to its average volume of 159,217. The company has a market capitalization of $2,230.00, a PE ratio of 20.38, a PEG ratio of 1.84 and a beta of 0.60. Dorman Products has a 12-month low of $62.64 and a 12-month high of $88.50.
A number of hedge funds have recently modified their holdings of DORM. YorkBridge Wealth Partners LLC grew its position in Dorman Products by 3.0% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,390 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 41 shares in the last quarter. SG Americas Securities LLC bought a new stake in Dorman Products in the 2nd quarter worth about $117,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Dorman Products by 8.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock worth $119,000 after purchasing an additional 118 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its position in Dorman Products by 10.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,447 shares of the auto parts company’s stock worth $120,000 after purchasing an additional 139 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. boosted its stake in Dorman Products by 1,740.0% in the third quarter. Winslow Evans & Crocker Inc. now owns 1,840 shares of the auto parts company’s stock valued at $132,000 after acquiring an additional 1,740 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.
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About Dorman Products
Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.
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