Dorman Products (DORM) to Release Earnings on Monday

Dorman Products (NASDAQ:DORM) will issue its quarterly earnings data before the market opens on Monday, April 29th. Analysts expect the company to announce earnings of $1.04 per share for the quarter. Dorman Products has set its FY 2019 guidance at $4.37-4.53 EPS and its FY19 guidance at $4.37-4.53 EPS.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Monday, February 25th. The auto parts company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.03. The business had revenue of $260.34 million during the quarter, compared to the consensus estimate of $249.09 million. Dorman Products had a net margin of 13.72% and a return on equity of 20.20%. Dorman Products’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 earnings per share. On average, analysts expect Dorman Products to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

DORM opened at $93.53 on Friday. The company has a market cap of $3.14 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 1.62 and a beta of 0.55. Dorman Products has a fifty-two week low of $56.36 and a fifty-two week high of $97.38.

A number of research firms recently weighed in on DORM. Zacks Investment Research raised shares of Dorman Products from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. ValuEngine downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. CL King downgraded shares of Dorman Products from a “buy” rating to a “neutral” rating in a research note on Monday, January 14th. Finally, BidaskClub downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a research note on Saturday, February 2nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Dorman Products presently has a consensus rating of “Hold” and an average target price of $56.50.

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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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