FY2024 EPS Estimates for Dorman Products Raised by Analyst

Dorman Products, Inc. (NASDAQ:DORM) – Analysts at Roth Capital lifted their FY2024 earnings estimates for shares of Dorman Products in a note issued to investors on Monday, November 4th. Roth Capital analyst S. Stember now anticipates that the auto parts company will post earnings per share of $6.95 for the year, up from their previous forecast of $6.20. The consensus estimate for Dorman Products’ current full-year earnings is $6.90 per share. Roth Capital also issued estimates for Dorman Products’ Q4 2024 earnings at $2.03 EPS, Q4 2025 earnings at $2.15 EPS, FY2025 earnings at $7.62 EPS and FY2026 earnings at $8.50 EPS.

Several other research analysts have also recently commented on DORM. CJS Securities initiated coverage on Dorman Products in a research report on Friday, September 13th. They set an “outperform” rating and a $134.00 price target for the company. Roth Mkm reissued a “buy” rating and issued a $153.00 target price (up from $126.00) on shares of Dorman Products in a research note on Monday. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $125.67.

Dorman Products Trading Down 2.6 %

Dorman Products stock opened at $133.35 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The firm has a 50-day moving average of $115.46 and a 200-day moving average of $102.63. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 22.30 and a beta of 0.83. Dorman Products has a one year low of $66.07 and a one year high of $146.60.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.53 by $0.43. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business had revenue of $503.77 million during the quarter, compared to analysts’ expectations of $509.54 million. During the same quarter in the prior year, the company posted $1.40 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis.

Hedge Funds Weigh In On Dorman Products

A number of large investors have recently made changes to their positions in DORM. Equitable Trust Co. grew its holdings in Dorman Products by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company’s stock valued at $508,000 after buying an additional 97 shares in the last quarter. Inspire Advisors LLC boosted its position in shares of Dorman Products by 1.3% in the second quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company’s stock valued at $794,000 after acquiring an additional 112 shares during the period. Orion Portfolio Solutions LLC grew its stake in shares of Dorman Products by 0.8% in the first quarter. Orion Portfolio Solutions LLC now owns 13,659 shares of the auto parts company’s stock valued at $1,317,000 after acquiring an additional 114 shares in the last quarter. Creative Planning increased its position in Dorman Products by 3.3% during the second quarter. Creative Planning now owns 4,499 shares of the auto parts company’s stock worth $412,000 after acquiring an additional 144 shares during the period. Finally, Procyon Advisors LLC raised its stake in Dorman Products by 7.1% in the 3rd quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company’s stock worth $309,000 after purchasing an additional 180 shares in the last quarter. Institutional investors own 84.70% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Jeffery Darby sold 1,400 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $113.98, for a total value of $159,572.00. Following the sale, the senior vice president now owns 22,271 shares in the company, valued at approximately $2,538,448.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Jeffery Darby sold 1,400 shares of Dorman Products stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $113.98, for a total transaction of $159,572.00. Following the completion of the sale, the senior vice president now owns 22,271 shares of the company’s stock, valued at approximately $2,538,448.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Scott Leff sold 5,536 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $132.66, for a total transaction of $734,405.76. Following the completion of the transaction, the senior vice president now owns 13,336 shares in the company, valued at approximately $1,769,153.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 59,833 shares of company stock valued at $7,050,877 over the last 90 days. 10.00% of the stock is currently owned by insiders.

Dorman Products Company Profile

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.