Dorman Products (NASDAQ:DORM) Posts Earnings Results

Dorman Products (NASDAQ:DORM) released its quarterly earnings results on Tuesday. The auto parts company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.48), reports. Dorman Products had a net margin of 12.76% and a return on equity of 18.77%. The company had revenue of $254.18 million during the quarter, compared to the consensus estimate of $263.68 million. During the same quarter last year, the firm posted $1.09 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Dorman Products updated its FY 2019 guidance to $3.26-3.46 EPS.

Shares of Dorman Products stock traded up $0.30 on Wednesday, hitting $73.35. 45,654 shares of the company’s stock traded hands, compared to its average volume of 159,968. Dorman Products has a one year low of $65.68 and a one year high of $97.38. The firm’s fifty day moving average price is $84.53. The company has a market cap of $2.79 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 1.47 and a beta of 0.62.

DORM has been the topic of a number of analyst reports. Zacks Investment Research lowered German American Bancorp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. BidaskClub lowered Zai Lab from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. Barrington Research reduced their price target on Affiliated Managers Group from $135.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, ValuEngine lowered Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, July 8th. Five investment analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $56.50.

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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Earnings History for Dorman Products (NASDAQ:DORM)

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