Dorman Products (NASDAQ:DORM – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $5.40-5.70 for the period, compared to the consensus earnings per share estimate of $5.55. The company issued revenue guidance of +3-5% yr/yr to ~$1.99-2.03 billion, compared to the consensus revenue estimate of $2.00 billion.
Dorman Products Price Performance
Shares of NASDAQ DORM opened at $92.89 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.25 and a quick ratio of 1.09. The business has a 50-day moving average of $92.03 and a 200-day moving average of $82.88. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 22.66 and a beta of 0.83. Dorman Products has a fifty-two week low of $60.01 and a fifty-two week high of $98.55.
Dorman Products (NASDAQ:DORM – Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The auto parts company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.16. Dorman Products had a return on equity of 12.92% and a net margin of 6.70%. The firm had revenue of $494.30 million during the quarter, compared to the consensus estimate of $494.86 million. During the same period last year, the company earned $1.01 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts predict that Dorman Products will post 5.55 earnings per share for the current fiscal year.
Analyst Ratings Changes
Read Our Latest Stock Analysis on DORM
About Dorman Products
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.
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