Dorman Products (DORM) to Release Earnings on Wednesday

Dorman Products (NASDAQ:DORM) is anticipated to announce its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.99 per share and revenue of $523.95 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Dorman Products Price Performance

NASDAQ DORM opened at $126.99 on Wednesday. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 21.24 and a beta of 0.88. 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 stock’s fifty day moving average price is $130.06 and its 200 day moving average price is $123.22. Dorman Products has a 1 year low of $80.28 and a 1 year high of $146.60.

Insider Buying and Selling at Dorman Products

In other news, SVP Eric Luftig sold 3,278 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $141.19, for a total transaction of $462,820.82. Following the sale, the senior vice president now owns 5,934 shares of the company’s stock, valued at $837,821.46. This trade represents a 35.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven L. Berman sold 9,238 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $132.73, for a total transaction of $1,226,159.74. Following the completion of the transaction, the director now owns 788,688 shares of the company’s stock, valued at approximately $104,682,558.24. This represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,811 shares of company stock worth $7,082,504. Insiders own 10.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DORM. Roth Mkm reissued a “buy” rating and issued a $153.00 price objective (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. StockNews.com downgraded shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $125.67.

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.