Dorman Products Inc. (NASDAQ:DORM) – Equities research analysts at Barrington Research cut their Q1 2019 earnings per share estimates for Dorman Products in a research report issued to clients and investors on Tuesday, February 26th. Barrington Research analyst G. Prestopino now expects that the auto parts company will post earnings of $0.96 per share for the quarter, down from their prior forecast of $1.05. Barrington Research currently has a “Hold” rating on the stock. Barrington Research also issued estimates for Dorman Products’ Q2 2019 earnings at $1.13 EPS, Q4 2019 earnings at $1.20 EPS, Q1 2020 earnings at $1.06 EPS, Q2 2020 earnings at $1.25 EPS, Q3 2020 earnings at $1.27 EPS, Q4 2020 earnings at $1.32 EPS and FY2020 earnings at $4.89 EPS.
Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Monday, February 25th. The auto parts company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The company had revenue of $260.34 million for the quarter, compared to the consensus estimate of $249.09 million. Dorman Products had a net margin of 12.85% and a return on equity of 19.80%. Dorman Products’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the firm posted $0.87 EPS.
Several other brokerages also recently weighed in on DORM. BidaskClub raised shares of Dorman Products from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 2nd. ValuEngine raised shares of Dorman Products from a “hold” rating to a “buy” rating in a report on Tuesday, November 13th. Zacks Investment Research downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Monday, December 31st. Finally, CL King downgraded shares of Dorman Products from a “buy” rating to a “neutral” rating in a report on Monday, January 14th. Five analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $56.50.
Shares of NASDAQ:DORM opened at $82.77 on Thursday. The stock has a market capitalization of $3.00 billion, a PE ratio of 24.56, a PEG ratio of 1.51 and a beta of 0.61. Dorman Products has a fifty-two week low of $56.36 and a fifty-two week high of $97.38.
Large investors have recently modified their holdings of the company. Captrust Financial Advisors boosted its holdings in Dorman Products by 90.7% during the fourth quarter. Captrust Financial Advisors now owns 412 shares of the auto parts company’s stock worth $37,000 after buying an additional 196 shares in the last quarter. Private Capital Group LLC boosted its holdings in Dorman Products by 62.9% during the fourth quarter. Private Capital Group LLC now owns 593 shares of the auto parts company’s stock worth $53,000 after buying an additional 229 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in Dorman Products during the fourth quarter worth about $96,000. Strs Ohio purchased a new stake in Dorman Products during the fourth quarter worth about $126,000. Finally, LS Investment Advisors LLC boosted its holdings in Dorman Products by 98.7% during the fourth quarter. LS Investment Advisors LLC now owns 1,820 shares of the auto parts company’s stock worth $164,000 after buying an additional 904 shares in the last quarter. 79.62% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Mathias J. Barton sold 38,871 shares of Dorman Products stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $87.89, for a total value of $3,416,372.19. Following the sale, the chief executive officer now owns 82,931 shares of the company’s stock, valued at $7,288,805.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.90% of the stock is owned by insiders.
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.