Dorman Products - DORM Stock Forecast, Price & News

Dorman Products, Inc. supplies replacement parts and fasteners for passenger cars, light trucks, and medium- and heavy-duty trucks in the automotive aftermarket industry worldwide. It offers original equipment dealer products, such as intake and exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and oil drain plugs, and wheel bolts and lug nuts. The company also provides automotive replacement parts, including door handles, keyless remotes and cases, and door hinge repairs; and heavy duty aftermarket parts for class 4-8 vehicles, such as lighting, cooling, engine management, wheel hardware, air tanks, and cab products. It offers powertrain products comprising cooling products, harmonic balancers, fluid lines and reservoirs, connectors, 4-wheel drive components, other engine, and transmission and axle components; and chassis products, such as control arms, ball joints, tie-rod ends, brake hardware and hydraulics, axle hardware, suspension arms, knuckles, links, bushings, leaf springs, other suspension, steering, and brake components. The company also provides automotive body products, including window lift motors, switches and handles, wiper, and other interior and exterior automotive body components; and hardware products comprising threaded bolts; automotive and home electrical wiring components; and other hardware assortments and merchandise. It offers its products under the OE Solutions, HELP!, OE FIX, Conduct-Tite, and HD Solutions brands through automotive aftermarket retailers, such as on-line platforms; national, regional, and local warehouse distributors; and specialty markets; salvage yards; local independent parts wholesalers; and mass merchants. The company was founded in 1918 and is headquartered in Colmar, Pennsylvania.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. MKM Partners started coverage on shares of Dorman Products in a research note on Wednesday, May 18th. They issued a "buy" rating and a $129.00 price target on the stock. Barrington Research boosted their price target on shares of Dorman Products from $120.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, June 10th. Stephens cut their target price on Dorman Products to $97.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 27th. Finally, StockNews.com cut Dorman Products from a "buy" rating to a "hold" rating in a research report on Saturday, August 6th.

Dorman Products Stock Performance

Shares of NASDAQ:DORM opened at $102.58 on Friday. Dorman Products has a one year low of $88.43 and a one year high of $122.96. The company has a 50-day simple moving average of $105.59 and a 200-day simple moving average of $99.22. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 23.21 and a beta of 0.52.

Dorman Products (NASDAQ:DORM - Get Rating) last posted its quarterly earnings data on Monday, July 25th. The auto parts company reported $1.29 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.02). Dorman Products had a net margin of 8.96% and a return on equity of 17.00%. The company had revenue of $417.40 million for the quarter, compared to analysts' expectations of $400.57 million. During the same period in the prior year, the company earned $1.10 earnings per share. The firm's revenue was up 34.4% on a year-over-year basis. As a group, research analysts forecast that Dorman Products will post 5.09 EPS for the current fiscal year.