Dorman Products (NASDAQ:DORM) released its quarterly earnings data on Monday. The auto parts company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01, Bloomberg Earnings reports. The firm had revenue of $227.72 million for the quarter, compared to the consensus estimate of $234.58 million. Dorman Products had a return on equity of 18.32% and a net margin of 12.53%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 earnings per share. Dorman Products updated its FY18 guidance to $4.10-4.32 EPS.
Shares of Dorman Products (DORM) opened at $73.14 on Tuesday. The stock has a market capitalization of $2,476.91, a PE ratio of 22.10, a P/E/G ratio of 1.76 and a beta of 0.85. Dorman Products has a 12 month low of $60.93 and a 12 month high of $88.50.
Several hedge funds and other institutional investors have recently bought and sold shares of DORM. Zions Bancorporation bought a new stake in Dorman Products during the 3rd quarter valued at approximately $193,000. Ameritas Investment Partners Inc. boosted its position in Dorman Products by 5.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,405 shares of the auto parts company’s stock valued at $199,000 after acquiring an additional 115 shares in the last quarter. Shaker Investments LLC OH bought a new stake in Dorman Products during the 3rd quarter valued at approximately $201,000. Visionary Asset Management Inc. bought a new stake in Dorman Products during the 3rd quarter valued at approximately $204,000. Finally, Mitchell Capital Management Co. bought a new stake in Dorman Products during the 4th quarter valued at approximately $220,000. 72.87% of the stock is currently owned by institutional investors.
Dorman Products Company Profile
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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