Dorman Products (DORM) Scheduled to Post Earnings on Tuesday

Dorman Products (NASDAQ:DORM) is set to release its earnings data before the market opens on Tuesday, May 7th. Analysts expect Dorman Products to post earnings of $0.82 per share for the quarter. Dorman Products has set its FY24 guidance at $5.40-5.70 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Monday, February 26th. The auto parts company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.16. The company had revenue of $494.30 million for the quarter, compared to analysts’ expectations of $494.86 million. Dorman Products had a net margin of 6.70% and a return on equity of 12.92%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.01 EPS. On average, analysts expect Dorman Products to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Dorman Products Stock Performance

NASDAQ:DORM opened at $90.95 on Monday. The company has a current ratio of 2.25, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average price is $91.84 and its 200-day moving average price is $82.75. Dorman Products has a twelve month low of $60.01 and a twelve month high of $98.55. The company has a market cap of $2.82 billion, a P/E ratio of 22.18 and a beta of 0.83.

Analysts Set New Price Targets

A number of brokerages recently commented on DORM. Roth Mkm reiterated a “buy” rating and set a $116.00 price objective 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 research report on Thursday, March 7th. TheStreet upgraded Dorman Products from a “c+” rating to a “b” rating in a research report on Wednesday, March 20th. Finally, Barrington Research reiterated an “outperform” rating and set a $90.00 price target on shares of Dorman Products in a report on Tuesday, February 27th.

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.