Equities research analysts predict that Dorman Products, Inc. (NASDAQ:DORM) will report earnings of $1.02 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Dorman Products’ earnings, with the highest EPS estimate coming in at $1.06 and the lowest estimate coming in at $0.94. Dorman Products reported earnings of $0.47 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 117%. The business is expected to announce its next earnings results before the market opens on Monday, July 26th.
According to Zacks, analysts expect that Dorman Products will report full-year earnings of $4.52 per share for the current year, with EPS estimates ranging from $4.45 to $4.58. For the next financial year, analysts expect that the business will report earnings of $5.01 per share, with EPS estimates ranging from $4.95 to $5.04. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Dorman Products.
Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Sunday, April 25th. The auto parts company reported $1.04 earnings per share for the quarter, meeting the consensus estimate of $1.04. Dorman Products had a return on equity of 14.65% and a net margin of 10.40%. The business had revenue of $288.00 million during the quarter, compared to analyst estimates of $295.67 million. During the same period in the prior year, the company earned $0.66 earnings per share. Dorman Products’s revenue was up 11.8% compared to the same quarter last year.
Several hedge funds have recently modified their holdings of DORM. Norges Bank purchased a new stake in shares of Dorman Products in the fourth quarter worth $25,775,000. Eaton Vance Management raised its position in Dorman Products by 46.4% during the first quarter. Eaton Vance Management now owns 578,564 shares of the auto parts company’s stock valued at $59,384,000 after purchasing an additional 183,354 shares in the last quarter. BlackRock Inc. raised its position in Dorman Products by 3.0% during the first quarter. BlackRock Inc. now owns 4,332,011 shares of the auto parts company’s stock valued at $444,637,000 after purchasing an additional 126,047 shares in the last quarter. Loomis Sayles & Co. L P raised its position in Dorman Products by 29.5% during the first quarter. Loomis Sayles & Co. L P now owns 530,336 shares of the auto parts company’s stock valued at $54,434,000 after purchasing an additional 120,787 shares in the last quarter. Finally, Standard Life Aberdeen plc raised its position in Dorman Products by 27.3% during the first quarter. Standard Life Aberdeen plc now owns 432,280 shares of the auto parts company’s stock valued at $44,413,000 after purchasing an additional 92,652 shares in the last quarter. Institutional investors own 76.33% of the company’s stock.
Shares of Dorman Products stock traded down $0.70 during trading hours on Thursday, reaching $103.79. The company had a trading volume of 1,050 shares, compared to its average volume of 93,947. Dorman Products has a one year low of $70.82 and a one year high of $113.13. The business has a fifty day moving average price of $102.60. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 28.86 and a beta of 0.79.
About Dorman Products
Dorman Products, Inc supplies replacement parts and fasteners for passenger cars, light trucks, and heavy-duty trucks in the automotive aftermarket industry in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake and 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 oil drain plugs, and wheel bolts and lug nuts.
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