Roth Capital Boosts Earnings Estimates for Dorman Products

Dorman Products, Inc. (NASDAQ:DORM - Free Report) - Equities researchers at Roth Capital lifted their FY2024 EPS estimates for Dorman Products in a research report issued on Monday, November 4th. Roth Capital analyst S. Stember now expects that the auto parts company will post earnings of $6.95 per share for the year, up from their prior forecast of $6.20. The consensus estimate for Dorman Products' current full-year earnings is $6.90 per share. Roth Capital also issued estimates for Dorman Products' Q4 2024 earnings at $2.03 EPS, Q4 2025 earnings at $2.15 EPS, FY2025 earnings at $7.62 EPS and FY2026 earnings at $8.50 EPS.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.53 by $0.43. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company had revenue of $503.77 million during the quarter, compared to analysts' expectations of $509.54 million. During the same quarter in the previous year, the company posted $1.40 EPS. The business's revenue for the quarter was up 3.2% compared to the same quarter last year.

A number of other analysts have also recently commented on DORM. Roth Mkm reaffirmed a "buy" rating and issued a $153.00 price target (up from $126.00) on shares of Dorman Products in a research note on Monday. CJS Securities started coverage on shares of Dorman Products in a research note on Friday, September 13th. They issued an "outperform" rating and a $134.00 target price for the company. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, Dorman Products presently has a consensus rating of "Buy" and a consensus price target of $125.67.

Dorman Products Trading Down 0.6 %

NASDAQ DORM traded down $0.80 on Wednesday, reaching $136.92. The company had a trading volume of 506,199 shares, compared to its average volume of 132,322. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. Dorman Products has a 52 week low of $66.07 and a 52 week high of $146.60. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 24.31 and a beta of 0.83. The stock's 50 day moving average is $114.51 and its 200-day moving average is $102.17.

Insider Transactions at Dorman Products

In related news, Director Steven L. Berman sold 27,632 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $115.72, for a total value of $3,197,575.04. Following the completion of the transaction, the director now directly owns 936,024 shares in the company, valued at approximately $108,316,697.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dorman Products news, SVP Scott Leff sold 5,536 shares of Dorman Products stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $132.66, for a total value of $734,405.76. Following the sale, the senior vice president now owns 13,336 shares of the company's stock, valued at $1,769,153.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven L. Berman sold 27,632 shares of the company's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $115.72, for a total value of $3,197,575.04. Following the transaction, the director now directly owns 936,024 shares of the company's stock, valued at $108,316,697.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 59,833 shares of company stock valued at $7,050,877 over the last 90 days. 10.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dorman Products

A number of hedge funds and other institutional investors have recently bought and sold shares of DORM. Farther Finance Advisors LLC grew its stake in shares of Dorman Products by 5,460.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company's stock worth $31,000 after acquiring an additional 273 shares in the last quarter. Covestor Ltd boosted its holdings in Dorman Products by 781.4% during the third quarter. Covestor Ltd now owns 379 shares of the auto parts company's stock worth $43,000 after purchasing an additional 336 shares during the last quarter. Quest Partners LLC bought a new position in Dorman Products in the second quarter valued at $37,000. GAMMA Investing LLC increased its stake in Dorman Products by 63.2% in the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company's stock valued at $55,000 after buying an additional 187 shares during the last quarter. Finally, USA Financial Formulas bought a new stake in Dorman Products during the 3rd quarter worth about $58,000. Institutional investors and hedge funds own 84.70% of the company's stock.

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.