Dorman Products (NASDAQ:DORM) Announces Earnings Results, Beats Estimates By $0.30 EPS

Key Points

• Dorman Products reported a Q2 EPS of $2.06, surpassing estimates by $0.22.
• Shares traded up significantly on the earnings news, with a current stock price of $124.66 and a market capitalization of $3.80 billion.
• Wall Street analysts have upgraded Dorman's stock rating from "buy" to "strong-buy", indicating increased investor confidence.

Dorman Products (NASDAQ:DORM - Get Free Report) announced its quarterly earnings results on Monday. The auto parts company reported $2.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.30, Zacks reports. Dorman Products had a net margin of 10.83% and a return on equity of 19.23%. The firm had revenue of $540.96 million for the quarter, compared to the consensus estimate of $517.13 million. During the same period in the prior year, the firm posted $1.67 earnings per share. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. Dorman Products updated its FY 2025 guidance to 8.600-8.900 EPS.

Dorman Products Price Performance

Shares of NASDAQ:DORM traded up $3.45 on Friday, reaching $138.16. 58,449 shares of the company were exchanged, compared to its average volume of 216,058. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 18.82 and a beta of 0.79. Dorman Products has a 1-year low of $103.08 and a 1-year high of $146.60. The company has a 50-day moving average of $124.84 and a 200-day moving average of $124.14. The company has a current ratio of 2.74, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31.

Insider Transactions at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 820 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $122.21, for a total value of $100,212.20. Following the transaction, the senior vice president directly owned 19,074 shares in the company, valued at approximately $2,331,033.54. This represents a 4.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John J. Gavin sold 2,900 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $131.19, for a total transaction of $380,451.00. Following the completion of the transaction, the director owned 8,132 shares in the company, valued at approximately $1,066,837.08. This trade represents a 26.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Acadian Asset Management LLC purchased a new position in Dorman Products in the first quarter valued at approximately $71,000. United Services Automobile Association bought a new position in Dorman Products during the first quarter worth $215,000. Integrated Wealth Concepts LLC lifted its stake in Dorman Products by 14.2% during the first quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company's stock worth $453,000 after purchasing an additional 468 shares during the last quarter. AQR Capital Management LLC lifted its stake in Dorman Products by 37.4% during the first quarter. AQR Capital Management LLC now owns 4,220 shares of the auto parts company's stock worth $509,000 after purchasing an additional 1,148 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Dorman Products by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,381 shares of the auto parts company's stock valued at $1,854,000 after buying an additional 662 shares during the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th.

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.