Dorman Products (DORM) Set to Announce Earnings on Thursday

Dorman Products (NASDAQ:DORM) will announce its earnings results after the market closes on Thursday, October 31st. Analysts expect the company to announce 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.Individual interested in listening to the company’s earnings conference call can do so using this link.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.48. The company had revenue of $502.95 million during the quarter, compared to the consensus estimate of $497.46 million. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 EPS. 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 Price Performance

NASDAQ:DORM opened at $113.95 on Thursday. Dorman Products has a 52-week low of $60.01 and a 52-week high of $119.28. The company has a market cap of $3.53 billion, a P/E ratio of 22.93 and a beta of 0.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.19 and a current ratio of 2.40. The stock’s 50-day simple moving average is $112.36 and its 200 day simple moving average is $100.20.

Insider Activity

In related news, SVP Jeffery Darby sold 1,400 shares of Dorman Products stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $104.98, for a total transaction of $146,972.00. Following the completion of the transaction, the senior vice president now owns 23,671 shares in the company, valued at approximately $2,484,981.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Steven L. Berman sold 16,071 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $116.55, for a total value of $1,873,075.05. Following the transaction, the director now directly owns 888,656 shares of the company’s stock, valued at $103,572,856.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeffery Darby sold 1,400 shares of Dorman Products stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $104.98, for a total transaction of $146,972.00. Following the sale, the senior vice president now directly owns 23,671 shares of the company’s stock, valued at $2,484,981.58. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,297 shares of company stock valued at $6,163,491. 10.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.