Dorman Products (NASDAQ:DORM) Releases Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Dorman Products (NASDAQ:DORM - Get Free Report) issued its earnings results on Wednesday. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.21, Zacks reports. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The company had revenue of $533.77 million for the quarter, compared to the consensus estimate of $523.95 million. Dorman Products updated its FY 2025 guidance to 7.550-7.850 EPS.

Dorman Products Price Performance

Shares of NASDAQ DORM traded up $3.47 during midday trading on Friday, reaching $131.46. 321,976 shares of the stock traded hands, compared to its average volume of 183,638. Dorman Products has a one year low of $86.61 and a one year high of $146.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The company's 50 day moving average is $128.60 and its 200 day moving average is $124.42. The stock has a market capitalization of $4.01 billion, a PE ratio of 21.98 and a beta of 0.88.

Wall Street Analyst Weigh In

DORM has been the topic of several research analyst reports. StockNews.com raised shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a report on Friday. Roth Mkm reiterated a "buy" rating and issued a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th.

Remove Ads

Insiders Place Their Bets

In related news, Director Steven L. Berman sold 8,485 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $136.83, for a total value of $1,161,002.55. Following the completion of the transaction, the director now owns 867,671 shares of the company's stock, valued at approximately $118,723,422.93. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Mcknight sold 8,185 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $139.34, for a total value of $1,140,497.90. Following the sale, the insider now owns 8,902 shares in the company, valued at approximately $1,240,404.68. This trade represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,533 shares of company stock valued at $6,619,683 in the last three months. Corporate insiders own 10.00% 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.