Somewhat Positive Press Coverage Somewhat Unlikely to Affect Dorman Products (DORM) Share Price
Headlines about Dorman Products (NASDAQ:DORM) have been trending somewhat positive recently, Accern reports. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Dorman Products earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news articles about the auto parts company an impact score of 46.7681873271335 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Dorman Products (NASDAQ:DORM) opened at 73.86 on Thursday. The firm has a 50-day moving average price of $68.21 and a 200-day moving average price of $76.91. The firm has a market capitalization of $2.51 billion, a P/E ratio of 22.45 and a beta of 0.64. Dorman Products has a 52-week low of $60.00 and a 52-week high of $88.50.
Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). The company had revenue of $229.26 million during the quarter, compared to analyst estimates of $225.91 million. Dorman Products had a net margin of 12.66% and a return on equity of 18.64%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS. On average, equities research analysts anticipate that Dorman Products will post $3.45 EPS for the current year.
A number of equities research analysts have weighed in on the company. BidaskClub upgraded Dorman Products from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded Dorman Products from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Finally, FBR & Co restated a “mkt perform” rating and issued a $74.50 target price on shares of Dorman Products in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Dorman Products presently has an average rating of “Hold” and a consensus price target of $78.00.
In other Dorman Products news, Director Paul R. Lederer sold 1,800 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $74.82, for a total value of $134,676.00. Following the transaction, the director now directly owns 16,961 shares of the company’s stock, valued at $1,269,022.02. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 11.70% of the company’s stock.
Dorman Products Company Profile
Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.
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