Dorman Products (DORM) Scheduled to Post Quarterly Earnings on Tuesday

Dorman Products (NASDAQ:DORM - Get Free Report) will be issuing its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Dorman Products has set its FY24 guidance at $5.40-5.70 EPS.Parties that wish to register for the company's conference call can do so using this link.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its earnings results on Monday, February 26th. The auto parts company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.16. Dorman Products had a net margin of 6.70% and a return on equity of 12.92%. The business had revenue of $494.30 million for the quarter, compared to the consensus estimate of $494.86 million. During the same period last year, the firm posted $1.01 earnings per share. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. On average, analysts expect Dorman Products to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Dorman Products Trading Down 1.5 %

Dorman Products stock traded down $1.31 during midday trading on Tuesday, reaching $87.45. The stock had a trading volume of 136,456 shares, compared to its average volume of 114,972. Dorman Products has a twelve month low of $60.01 and a twelve month high of $98.55. 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 firm has a market cap of $2.71 billion, a price-to-earnings ratio of 21.65 and a beta of 0.81. The firm's fifty day simple moving average is $91.25 and its two-hundred day simple moving average is $82.39.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DORM shares. StockNews.com raised Dorman Products from a "hold" rating to a "buy" rating in a research note on Thursday, March 7th. Barrington Research reaffirmed an "outperform" rating and set a $90.00 price objective on shares of Dorman Products in a research report on Tuesday, February 27th. TheStreet upgraded shares of Dorman Products from a "c+" rating to a "b" rating in a research report on Wednesday, March 20th. Finally, Roth Mkm restated a "buy" rating and set a $116.00 price target on shares of Dorman Products in a report on Monday, March 25th.

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.