Equities analysts forecast that Dorman Products Inc. (NASDAQ:DORM) will announce $0.89 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Dorman Products’ earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.81. Dorman Products reported earnings per share of $1.06 in the same quarter last year, which would indicate a negative year-over-year growth rate of 16%. The business is scheduled to announce its next earnings results on Thursday, October 24th.
According to Zacks, analysts expect that Dorman Products will report full-year earnings of $3.33 per share for the current fiscal year, with EPS estimates ranging from $3.26 to $3.40. For the next fiscal year, analysts anticipate that the business will report earnings of $4.34 per share, with EPS estimates ranging from $3.86 to $4.67. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Dorman Products.
Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Tuesday, July 30th. The auto parts company reported $0.68 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.48). Dorman Products had a return on equity of 16.36% and a net margin of 11.28%. The company had revenue of $254.18 million for the quarter, compared to analyst estimates of $263.68 million. During the same period last year, the company posted $1.09 EPS. The business’s revenue for the quarter was up 6.7% on a year-over-year basis.
Institutional investors have recently added to or reduced their stakes in the company. Dupont Capital Management Corp increased its position in shares of Dorman Products by 5.7% in the second quarter. Dupont Capital Management Corp now owns 31,532 shares of the auto parts company’s stock worth $2,748,000 after acquiring an additional 1,688 shares in the last quarter. Raymond James & Associates increased its position in shares of Dorman Products by 19.0% in the first quarter. Raymond James & Associates now owns 30,427 shares of the auto parts company’s stock worth $2,680,000 after acquiring an additional 4,851 shares in the last quarter. Comerica Bank increased its position in shares of Dorman Products by 3.6% in the first quarter. Comerica Bank now owns 49,458 shares of the auto parts company’s stock worth $4,562,000 after acquiring an additional 1,730 shares in the last quarter. Zions Bancorporation N.A. increased its position in shares of Dorman Products by 5.7% in the second quarter. Zions Bancorporation N.A. now owns 2,858 shares of the auto parts company’s stock worth $249,000 after acquiring an additional 155 shares in the last quarter. Finally, Shaker Investments LLC OH increased its position in shares of Dorman Products by 135.7% in the first quarter. Shaker Investments LLC OH now owns 6,600 shares of the auto parts company’s stock worth $581,000 after acquiring an additional 3,800 shares in the last quarter. 81.52% of the stock is owned by institutional investors.
Shares of DORM stock opened at $81.99 on Tuesday. Dorman Products has a one year low of $65.68 and a one year high of $97.38. The company has a 50 day moving average price of $73.66 and a 200 day moving average price of $82.73. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 1.98 and a beta of 0.57.
Dorman Products Company Profile
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.
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