Dorman Products (NASDAQ:DORM) Releases Quarterly Earnings Results, Beats Expectations 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, topping the consensus estimate of $1.99 by $0.21, Zacks reports. The company had revenue of $533.77 million for the quarter, compared to analysts' expectations of $523.95 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. Dorman Products updated its FY 2025 guidance to 7.550-7.850 EPS.

Dorman Products Price Performance

Shares of Dorman Products stock traded up $3.47 during trading hours on Friday, reaching $131.46. The company's stock had a trading volume of 321,976 shares, compared to its average volume of 183,638. The firm has a 50 day moving average price of $128.60 and a 200-day moving average price of $124.42. 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 stock has a market cap of $4.01 billion, a P/E ratio of 21.98 and a beta of 0.88.

Insider Transactions at Dorman Products

In other Dorman Products news, insider John Mcknight sold 8,185 shares of the business's stock in a transaction dated 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 completion of the sale, the insider now directly owns 8,902 shares of the company's stock, valued at $1,240,404.68. The trade was a 47.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven L. Berman sold 8,524 shares of the business's stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the completion of the sale, the director now directly owns 773,094 shares of the company's stock, valued at approximately $101,886,058.26. This trade represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,533 shares of company stock worth $6,619,683 in the last three months. Insiders own 10.00% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Roth Mkm reiterated a "buy" rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. StockNews.com upgraded shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a research note on Friday.

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.