Dorman Products (NASDAQ:DORM) Releases Earnings Results, Beats Expectations By $0.49 EPS

Dorman Products (NASDAQ:DORM) released its quarterly earnings data on Tuesday. The auto parts company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.49, Briefing.com reports. The firm had revenue of $468.70 million during the quarter, compared to analysts’ expectations of $472.35 million. Dorman Products had a net margin of 6.70% and a return on equity of 12.92%. Dorman Products’s revenue was up .4% compared to the same quarter last year. During the same period last year, the business earned $0.56 earnings per share. Dorman Products updated its FY24 guidance to $5.40-5.70 EPS.

Dorman Products Stock Down 0.2 %

NASDAQ:DORM opened at $91.23 on Thursday. The company has a quick ratio of 1.09, a current ratio of 2.25 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 22.25 and a beta of 0.83. Dorman Products has a 52 week low of $60.01 and a 52 week high of $98.55. The stock’s fifty day moving average is $91.90 and its two-hundred day moving average is $83.06.

Analyst Ratings Changes

DORM has been the topic of several analyst reports. 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. Roth Mkm restated a “buy” rating and issued a $116.00 target price on shares of Dorman Products in a research report on Monday, March 25th. StockNews.com upgraded Dorman Products from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Finally, TheStreet raised shares of Dorman Products from a “c+” rating to a “b” rating in a research report on Wednesday, March 20th.

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.