Dorman Products (NASDAQ:DORM) Updates 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) updated its FY 2025 earnings guidance on Monday. 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 Dorman Products from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th.

Dorman Products Stock Performance

Dorman Products stock traded up $3.45 on Friday, hitting $138.16. The company's stock had a trading volume of 58,449 shares, compared to its average volume of 216,058. The company has a fifty day moving average price of $124.84 and a 200-day moving average price of $124.14. The firm has a market cap of $4.22 billion, a P/E ratio of 18.82 and a beta of 0.79. Dorman Products has a one year low of $103.08 and a one year high of $146.60. The company has a quick ratio of 1.22, a current ratio of 2.74 and a debt-to-equity ratio of 0.31.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.30. Dorman Products had a return on equity of 19.23% and a net margin of 10.83%. The company had revenue of $540.96 million during the quarter, compared to analysts' expectations of $517.13 million. During the same period last year, the business earned $1.67 earnings per share. The business's revenue was up 7.6% on a year-over-year basis. On average, equities analysts anticipate that Dorman Products will post 6.9 earnings per share for the current year.

Insider Activity

In other Dorman Products news, SVP Donna M. Long sold 820 shares of the firm'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 completion of the sale, the senior vice president owned 19,074 shares in the company, valued at approximately $2,331,033.54. This trade represents a 4.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John J. Gavin sold 2,900 shares of the firm's stock in a transaction that occurred on 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 sale, the director directly owned 8,132 shares of the company's stock, valued at approximately $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 currently owned by corporate insiders.

Hedge Funds Weigh In On Dorman Products

Hedge funds and other institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new position in shares of Dorman Products during the 1st quarter worth about $71,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Dorman Products by 140.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,834 shares of the auto parts company's stock worth $15,289,000 after purchasing an additional 74,170 shares during the period. United Services Automobile Association acquired a new position in shares of Dorman Products in the 1st quarter valued at approximately $215,000. Millennium Management LLC increased its stake in Dorman Products by 74.6% during the 1st quarter. Millennium Management LLC now owns 33,021 shares of the auto parts company's stock worth $3,980,000 after purchasing an additional 14,110 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Dorman Products by 4.5% during 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 buying an additional 662 shares during the period. 84.70% of the stock is owned by institutional investors.

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.