Dorman Products (DORM) Scheduled to Post Earnings on Thursday

Dorman Products (NASDAQ:DORM) will post its quarterly earnings results after the market closes on Thursday, October 31st. Analysts expect Dorman Products to post earnings of $1.54 per share for the quarter. Dorman Products has set its FY24 guidance at $6.00-6.20 EPS and its FY 2024 guidance at 6.000-6.200 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.48. The business had revenue of $502.95 million during the quarter, compared to the consensus estimate of $497.46 million. Dorman Products had a return on equity of 15.97% and a net margin of 8.75%. Dorman Products’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 earnings per share. On average, analysts expect Dorman Products to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Dorman Products Trading Down 1.0 %

Shares of Dorman Products stock opened at $113.95 on Thursday. The company has a quick ratio of 1.19, a current ratio of 2.40 and a debt-to-equity ratio of 0.38. Dorman Products has a 12-month low of $60.01 and a 12-month high of $119.28. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 22.93 and a beta of 0.82. The firm’s 50-day moving average price is $112.36 and its two-hundred day moving average price is $100.20.

Insider Activity at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 27,632 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the completion of the transaction, the director now owns 936,024 shares of the company’s stock, valued at approximately $108,316,697.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dorman Products news, Director Steven L. Berman sold 27,632 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the sale, the director now owns 936,024 shares of the company’s stock, valued at approximately $108,316,697.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven L. Berman sold 16,071 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $116.55, for a total transaction of $1,873,075.05. Following the transaction, the director now owns 888,656 shares of the company’s stock, valued at $103,572,856.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,297 shares of company stock valued at $6,163,491 over the last ninety days. 10.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, CJS Securities initiated coverage on shares of Dorman Products in a research note on Friday, September 13th. They issued an “outperform” rating and a $134.00 price objective on the stock. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Dorman Products has an average rating of “Buy” and an average target price of $113.33.

About Dorman Products

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.