Q2 2024 Earnings Estimate for Dorman Products, Inc. Issued By Roth Capital (NASDAQ:DORM)

Dorman Products, Inc. (NASDAQ:DORM) – Analysts at Roth Capital reduced their Q2 2024 earnings estimates for shares of Dorman Products in a research note issued to investors on Wednesday, May 8th. Roth Capital analyst S. Stember now forecasts that the auto parts company will earn $1.15 per share for the quarter, down from their prior estimate of $1.36. The consensus estimate for Dorman Products’ current full-year earnings is $5.55 per share. Roth Capital also issued estimates for Dorman Products’ Q3 2024 earnings at $1.59 EPS, Q2 2025 earnings at $1.41 EPS and Q3 2025 earnings at $1.84 EPS.

Several other brokerages have also recently weighed in on DORM. TheStreet upgraded Dorman Products from a “c+” rating to a “b” rating in a report on Wednesday, March 20th. Roth Mkm reaffirmed a “buy” rating and set a $116.00 price target on shares of Dorman Products in a research report on Monday, March 25th. StockNews.com raised shares of Dorman Products from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $90.00 price target on shares of Dorman Products in a research report on Tuesday, February 27th.

Dorman Products Stock Down 0.2 %

Dorman Products stock opened at $91.23 on Thursday. The company has a fifty day simple moving average of $91.90 and a 200 day simple moving average of $83.06. The company has a current ratio of 2.25, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. Dorman Products has a 1-year low of $60.01 and a 1-year high of $98.55. The company has a market cap of $2.83 billion, a P/E ratio of 22.25 and a beta of 0.83.

Dorman Products (NASDAQ:DORM) last released its earnings results on Tuesday, May 7th. The auto parts company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.82 by $0.49. Dorman Products had a return on equity of 12.92% and a net margin of 6.70%. The firm had revenue of $468.70 million for the quarter, compared to analysts’ expectations of $472.35 million. During the same quarter in the previous year, the business posted $0.56 EPS. The business’s quarterly revenue was up .4% compared to the same quarter last year.

Institutional Trading of Dorman Products

Hedge funds have recently made changes to their positions in the business. Park Avenue Securities LLC acquired a new stake in Dorman Products during the 3rd quarter valued at $268,000. Summit Creek Advisors LLC lifted its stake in shares of Dorman Products by 0.4% during the 3rd quarter. Summit Creek Advisors LLC now owns 245,210 shares of the auto parts company’s stock worth $18,577,000 after buying an additional 876 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of Dorman Products during the 3rd quarter worth about $13,507,000. Victory Capital Management Inc. grew its stake in Dorman Products by 26.2% in the 3rd quarter. Victory Capital Management Inc. now owns 12,200 shares of the auto parts company’s stock valued at $924,000 after buying an additional 2,536 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Dorman Products by 37.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 75,485 shares of the auto parts company’s stock valued at $5,719,000 after acquiring an additional 20,628 shares during the period. 84.70% of the stock is owned by institutional investors and hedge funds.

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.