$0.86 EPS Expected for Dorman Products Inc. (DORM) This Quarter
Analysts predict that Dorman Products Inc. (NASDAQ:DORM) will report earnings of $0.86 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Dorman Products’ earnings, with the highest EPS estimate coming in at $0.88 and the lowest estimate coming in at $0.85. Dorman Products reported earnings of $0.83 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 3.6%. The firm is expected to announce its next earnings report on Wednesday, February 28th.
According to Zacks, analysts expect that Dorman Products will report full-year earnings of $3.34 per share for the current financial year, with EPS estimates ranging from $3.32 to $3.35. For the next financial year, analysts forecast that the company will report earnings of $3.79 per share, with EPS estimates ranging from $3.78 to $3.79. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Dorman Products.
Dorman Products (NASDAQ:DORM) last issued its earnings results on Friday, October 27th. The auto parts company reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.07). The company had revenue of $224.60 million during the quarter, compared to the consensus estimate of $233.56 million. Dorman Products had a return on equity of 18.32% and a net margin of 12.53%. Dorman Products’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share.
Shares of Dorman Products (NASDAQ:DORM) traded up $1.06 during mid-day trading on Thursday, reaching $71.39. 372,358 shares of the company’s stock were exchanged, compared to its average volume of 280,671. The company has a market cap of $2,410.00, a P/E ratio of 21.57, a P/E/G ratio of 1.71 and a beta of 0.61. Dorman Products has a twelve month low of $60.93 and a twelve month high of $88.50.
A number of large investors have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC grew its stake in Dorman Products by 3.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,390 shares of the auto parts company’s stock valued at $115,000 after purchasing an additional 41 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Dorman Products in the 2nd quarter valued at about $117,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Dorman Products by 8.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock valued at $119,000 after purchasing an additional 118 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Dorman Products by 10.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,447 shares of the auto parts company’s stock valued at $120,000 after purchasing an additional 139 shares during the period. Finally, Winslow Evans & Crocker Inc. lifted its stake in shares of Dorman Products by 1,740.0% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,840 shares of the auto parts company’s stock valued at $132,000 after purchasing an additional 1,740 shares during the period. 76.23% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by Marea Informative and is the sole property of of Marea Informative. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.mareainformativa.com/2018/01/30/0-86-eps-expected-for-dorman-products-inc-dorm-this-quarter-updated-updated-updated.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dorman Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorman Products and related companies with MarketBeat.com's FREE daily email newsletter.