Dorman Products, Inc. to Post Q4 2024 Earnings of $1.65 Per Share, Roth Capital Forecasts (NASDAQ:DORM)

Dorman Products, Inc. (NASDAQ:DORM - Free Report) - Equities research analysts at Roth Capital lowered their Q4 2024 earnings per share (EPS) estimates for shares of Dorman Products in a research note issued to investors on Wednesday, May 8th. Roth Capital analyst S. Stember now anticipates that the auto parts company will post earnings of $1.65 per share for the quarter, down from their prior estimate of $2.01. The consensus estimate for Dorman Products' current full-year earnings is $5.55 per share. Roth Capital also issued estimates for Dorman Products' Q1 2025 earnings at $1.40 EPS and Q4 2025 earnings at $1.83 EPS.

A number of other research firms have also recently commented on DORM. Barrington Research reiterated an "outperform" rating and set a $90.00 target price on shares of Dorman Products in a research note on Tuesday, February 27th. Roth Mkm restated a "buy" rating and set a $116.00 price target on shares of Dorman Products in a research note on Monday, March 25th. TheStreet upgraded shares of Dorman Products from a "c+" rating to a "b" rating in a research note on Wednesday, March 20th. Finally, StockNews.com raised Dorman Products from a "hold" rating to a "buy" rating in a report on Thursday, March 7th.

Dorman Products Stock Performance

Shares of NASDAQ DORM traded up $0.24 during midday trading on Friday, reaching $92.44. The company's stock had a trading volume of 95,480 shares, compared to its average volume of 116,329. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.25 and a quick ratio of 1.09. The stock has a market capitalization of $2.87 billion, a P/E ratio of 22.49 and a beta of 0.83. The firm has a 50 day moving average price of $91.86 and a 200-day moving average price of $83.13. Dorman Products has a 12-month low of $60.01 and a 12-month high of $98.55.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its earnings results on Tuesday, May 7th. The auto parts company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.49. Dorman Products had a net margin of 6.70% and a return on equity of 12.92%. The firm had revenue of $468.70 million during the quarter, compared to analyst estimates of $472.35 million. During the same quarter in the prior year, the business posted $0.56 EPS. The business's revenue was up .4% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DORM. Parallel Advisors LLC lifted its holdings in shares of Dorman Products by 277.4% during the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company's stock worth $26,000 after acquiring an additional 233 shares during the last quarter. Headinvest LLC purchased a new stake in shares of Dorman Products in the 3rd quarter valued at $30,000. YHB Investment Advisors Inc. bought a new position in shares of Dorman Products during the 1st quarter valued at $34,000. Quest Partners LLC bought a new stake in Dorman Products in the fourth quarter worth $37,000. Finally, Mather Group LLC. bought a new position in shares of Dorman Products during the first quarter valued at about $48,000. Institutional investors own 84.70% of the company's stock.

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.