Wall Street analysts expect Dorman Products Inc. (NASDAQ:DORM) to report $246.26 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Dorman Products’ earnings, with the lowest sales estimate coming in at $245.08 million and the highest estimate coming in at $247.60 million. Dorman Products reported sales of $229.26 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.4%. The company is expected to announce its next quarterly earnings report on Tuesday, August 7th.
According to Zacks, analysts expect that Dorman Products will report full-year sales of $963.66 million for the current year, with estimates ranging from $958.86 million to $970.62 million. For the next fiscal year, analysts expect that the company will post sales of $1.03 billion per share, with estimates ranging from $1.01 billion to $1.03 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Dorman Products.
Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Tuesday, May 1st. The auto parts company reported $0.96 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.07). Dorman Products had a net margin of 11.89% and a return on equity of 18.27%. The firm had revenue of $227.30 million for the quarter, compared to the consensus estimate of $233.97 million. During the same quarter last year, the company posted $0.83 earnings per share. Dorman Products’s revenue for the quarter was up 2.6% compared to the same quarter last year.
DORM has been the topic of several recent research reports. Zacks Investment Research upgraded Dorman Products from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Thursday, March 1st. Barrington Research restated a “hold” rating on shares of Dorman Products in a research report on Tuesday, February 27th. BidaskClub upgraded Dorman Products from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Finally, ValuEngine lowered Dorman Products from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $70.50.
Dorman Products traded up $1.12, hitting $65.50, on Wednesday, according to MarketBeat Ratings. 114,900 shares of the company were exchanged, compared to its average volume of 206,322. Dorman Products has a 12 month low of $56.36 and a 12 month high of $86.32. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 1.12 and a beta of 0.92.
In other Dorman Products news, Director John J. Gavin acquired 1,536 shares of the company’s stock in a transaction on Monday, May 7th. The stock was acquired at an average price of $65.23 per share, for a total transaction of $100,193.28. Following the acquisition, the director now owns 3,395 shares in the company, valued at approximately $221,455.85. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeffery Darby sold 1,100 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $72.77, for a total value of $80,047.00. Following the completion of the sale, the senior vice president now owns 13,488 shares of the company’s stock, valued at approximately $981,521.76. The disclosure for this sale can be found here. Company insiders own 11.90% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DORM. Schwab Charles Investment Management Inc. lifted its stake in shares of Dorman Products by 3.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 178,876 shares of the auto parts company’s stock valued at $10,937,000 after purchasing an additional 5,664 shares during the period. Reinhart Partners Inc. purchased a new position in shares of Dorman Products in the 4th quarter valued at approximately $1,307,000. American Capital Management Inc. lifted its stake in shares of Dorman Products by 6.8% in the 4th quarter. American Capital Management Inc. now owns 330,065 shares of the auto parts company’s stock valued at $20,180,000 after purchasing an additional 20,895 shares during the period. Legato Capital Management LLC lifted its stake in shares of Dorman Products by 26.3% in the 4th quarter. Legato Capital Management LLC now owns 10,406 shares of the auto parts company’s stock valued at $636,000 after purchasing an additional 2,165 shares during the period. Finally, Washington Capital Management Inc. lifted its stake in shares of Dorman Products by 18.2% in the 4th quarter. Washington Capital Management Inc. now owns 7,800 shares of the auto parts company’s stock valued at $477,000 after purchasing an additional 1,200 shares during the period. Institutional investors own 75.03% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dorman Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorman Products and related companies with MarketBeat.com's FREE daily email newsletter.