$ 286.42 million in expected sales for Dorman Products, Inc. (NASDAQ: DORM) this quarter
Wall Street analysts expect Dorman Products, Inc. (NASDAQ: DORM) to report sales of $ 286.42 million for the current fiscal quarter, Zacks investment research reports. Three analysts provided earnings estimates for Dorman Products, with the lowest sales estimate at $ 279.80 million and the highest estimate at $ 290.31 million. Dorman Products reported sales of $ 233.18 million in the same quarter last year, suggesting a positive year-over-year growth rate of 22.8%. The company is expected to release its next quarterly results before the market opens on Monday July 26.
On average, analysts expect Dorman Products to report annual revenue of $ 1.21 billion for the current fiscal year, with estimates ranging from $ 1.20 billion to $ 1.21 billion. of dollars. For the next fiscal year, analysts predict the company will post revenue of $ 1.29 billion, with estimates ranging from $ 1.28 billion to $ 1.30 billion. Zacks’ sales calculations are an average based on a survey of research companies that track Dorman Products.
Dorman Products (NASDAQ: DORM) last released its results on Sunday, April 25. The auto parts company reported EPS of $ 1.04 for the quarter, reaching the consensus estimate of $ 1.04. The company posted revenue of $ 288.00 million in the quarter, compared to analysts’ expectations of $ 295.67 million. Dorman Products recorded a return on equity of 14.65% and a net margin of 10.40%. Dorman Products quarterly sales increased 11.8% compared to the same quarter last year. During the same period last year, the company achieved earnings per share of $ 0.66.
Separately, Zacks investment research downgraded Dorman Products from a “keep” rating to a “sell” rating in a research note on Tuesday, June 29.
A number of institutional investors have recently increased or reduced their stakes in the company. Strs Ohio increased its stake in Dorman Products by 0.8% in the first quarter. Strs Ohio now owns 12,700 shares of the auto parts company valued at $ 1,303,000 after acquiring an additional 100 shares in the last quarter. The Oregon Public Employees Retirement Fund increased its stake in Dorman Products by 0.9% in the first quarter. The Oregon Public Employees Retirement Fund now owns 11,784 shares of the auto parts company valued at $ 1,210,000 after acquiring 104 more shares in the last quarter. Lazard Asset Management LLC increased its stake in Dorman Products by 28.4% during the fourth quarter. Lazard Asset Management LLC now owns 556 shares of the auto parts company valued at $ 48,000 after acquiring 123 additional shares in the last quarter. CWM LLC increased its stake in Dorman Products by 213.3% during the first quarter. CWM LLC now owns 282 shares of the auto parts company valued at $ 29,000 after acquiring 192 additional shares in the last quarter. Finally, LPL Financial LLC increased its stake in Dorman Products by 5.0% during the fourth quarter. LPL Financial LLC now owns 4,080 shares of the auto parts company valued at $ 354,000 after acquiring 194 additional shares in the last quarter. Hedge funds and other institutional investors hold 76.33% of the company’s shares.
Actions of Dormitory stock opened at $ 103.40 on Friday. The company has a fifty-day moving average price of $ 102.39. Dorman Products has a one-year low of $ 68.83 and a one-year high of $ 113.13. The company has a market cap of $ 3.32 billion, a PE ratio of 28.56 and a beta of 0.79.
Dorman Products Company Profile
Dorman Products, Inc provides spare parts and fasteners for passenger cars, light trucks and heavy trucks in the automotive aftermarket industry in the United States, Canada, Mexico, Europe, Middle East and Australia. It offers original equipment dealer products, such as intake and exhaust manifolds, window regulators, radiator fans, tire pressure monitoring sensors, gas recirculation coolers. exhaust and complex electronic modules; fluid reservoirs, variable valve timing components, complex electronics and integrated door lock actuators; and oil drain plugs, and wheel bolts and wheel nuts.
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