Dorman Products (NASDAQ:DORM) Issues Earnings Results

Dorman Products (NASDAQ:DORM) issued its quarterly earnings data on Sunday. The auto parts company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.27, MarketWatch Earnings reports. Dorman Products had a return on equity of 11.24% and a net margin of 8.58%. The business had revenue of $301.20 million for the quarter, compared to analysts’ expectations of $269.69 million. During the same period last year, the business earned $0.52 EPS. The business’s revenue was up 25.7% on a year-over-year basis.

Shares of DORM stock traded down $1.31 on Tuesday, hitting $101.22. The company had a trading volume of 5,724 shares, compared to its average volume of 130,502. The firm has a market cap of $3.27 billion, a P/E ratio of 37.39, a price-to-earnings-growth ratio of 2.12 and a beta of 0.83. Dorman Products has a twelve month low of $44.49 and a twelve month high of $102.99. The company has a 50-day moving average price of $95.91 and a 200-day moving average price of $91.29.

Separately, Zacks Investment Research cut shares of Dorman Products from a “buy” rating to a “hold” rating in a research note on Tuesday, February 2nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $72.33.

Dorman Products Company Profile

Dorman Products, Inc supplies replacement parts and fasteners for passenger cars, light trucks, and heavy duty trucks to 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 fasteners, including oil drain plugs, and wheel bolts and lug nuts.

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Earnings History for Dorman Products (NASDAQ:DORM)

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