Analysts expect Dorman Products Inc. (NASDAQ:DORM) to post sales of $245.31 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Dorman Products’ earnings, with the lowest sales estimate coming in at $242.10 million and the highest estimate coming in at $250.67 million. Dorman Products posted sales of $227.26 million during the same quarter last year, which suggests a positive year over year growth rate of 7.9%. The business is expected to report its next earnings report on Tuesday, May 7th.
According to Zacks, analysts expect that Dorman Products will report full year sales of $1.05 billion for the current year, with estimates ranging from $1.04 billion to $1.06 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.11 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Dorman Products.
Dorman Products (NASDAQ:DORM) last issued its earnings results on Monday, February 25th. The auto parts company reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.01. Dorman Products had a net margin of 13.72% and a return on equity of 20.20%. The business had revenue of $260.34 million for the quarter, compared to the consensus estimate of $249.09 million. During the same quarter last year, the firm posted $0.87 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year.
Shares of DORM stock traded up $2.05 during midday trading on Thursday, reaching $84.82. 110,547 shares of the company were exchanged, compared to its average volume of 250,178. Dorman Products has a 12 month low of $56.36 and a 12 month high of $97.38. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 1.43 and a beta of 0.53.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in Dorman Products by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 337,180 shares of the auto parts company’s stock valued at $30,352,000 after purchasing an additional 9,458 shares in the last quarter. Norges Bank bought a new stake in Dorman Products in the fourth quarter worth approximately $18,465,000. Coldstream Capital Management Inc. bought a new stake in Dorman Products in the fourth quarter worth approximately $221,000. Advisory Services Network LLC grew its position in Dorman Products by 558.0% in the fourth quarter. Advisory Services Network LLC now owns 6,613 shares of the auto parts company’s stock worth $596,000 after acquiring an additional 5,608 shares in the last quarter. Finally, Amalgamated Bank bought a new stake in Dorman Products in the fourth quarter worth approximately $381,000. 80.55% of the stock is currently owned by hedge funds and other institutional investors.
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.
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