Dorman Products (NASDAQ:DORM) Releases FY 2025 Earnings Guidance

Key Points

• Dorman Products has updated its FY 2025 earnings guidance, projecting EPS between 8.600 and 8.900, significantly higher than the consensus estimate of 7.805.
• The company also expected revenue to range from $2.1 billion to $2.2 billion, meeting the consensus revenue estimate of $2.1 billion.
• Following the earnings announcement, Dorman Products' shares rose by 4.6% during trading, reaching $124.66.

Dorman Products (NASDAQ:DORM - Get Free Report) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 8.600-8.900 for the period, compared to the consensus estimate of 7.805. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.1 billion.

Analyst Ratings Changes

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

Dorman Products Stock Up 5.3%

NASDAQ:DORM traded up $7.04 during mid-day trading on Wednesday, reaching $140.27. The stock had a trading volume of 203,757 shares, compared to its average volume of 215,743. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.62 and a quick ratio of 1.22. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 19.13 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 stock's 50 day simple moving average is $124.43 and its two-hundred day simple moving average is $123.99.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its earnings results on Monday, August 4th. The auto parts company reported $2.06 EPS for the quarter, topping the consensus estimate of $1.76 by $0.30. Dorman Products had a return on equity of 19.64% and a net margin of 10.83%. The company had revenue of $540.96 million during the quarter, compared to analyst estimates of $517.13 million. During the same quarter last year, the firm earned $1.67 EPS. The business's revenue was up 7.6% on a year-over-year basis. Equities analysts anticipate that Dorman Products will post 6.9 EPS for the current year.

Insider Buying and Selling at Dorman Products

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

Institutional Trading of Dorman Products

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new position in Dorman Products during the 1st quarter worth $71,000. United Services Automobile Association acquired a new stake in shares of Dorman Products in the 1st quarter worth about $215,000. Integrated Wealth Concepts LLC boosted its stake in Dorman Products by 14.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company's stock valued at $453,000 after purchasing an additional 468 shares during the period. AQR Capital Management LLC boosted its stake in Dorman Products by 37.4% during the 1st quarter. AQR Capital Management LLC now owns 4,220 shares of the auto parts company's stock valued at $509,000 after purchasing an additional 1,148 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Dorman Products by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,381 shares of the auto parts company's stock worth $1,854,000 after purchasing an additional 662 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

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.