Dorman Products (NASDAQ:DORM – Get Free Report) 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 – Get Free Report) 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
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.
View Our Latest Report on DORM
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.
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