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.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DORM. StockNews.com cut Dorman Products from a "buy" rating to a "hold" rating in a report on Saturday, August 6th. Stephens dropped their price objective on Dorman Products to $97.00 and set an "outperform" rating for the company in a report on Wednesday, July 27th. MKM Partners initiated coverage on Dorman Products in a report on Wednesday, May 18th. They set a "buy" rating and a $129.00 price objective for the company. Finally, Barrington Research boosted their price objective on Dorman Products from $120.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, June 10th.

Dorman Products Trading Up 0.4 %

Shares of DORM traded up $0.37 during trading hours on Thursday, hitting $101.69. The company had a trading volume of 1,206 shares, compared to its average volume of 130,984. The company has a market capitalization of $3.20 billion, a PE ratio of 22.92 and a beta of 0.52. Dorman Products has a one year low of $88.43 and a one year high of $122.96. The company's fifty day moving average price is $105.62 and its two-hundred day moving average price is $99.19.

Dorman Products (NASDAQ:DORM - Get Rating) last released its quarterly earnings results 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 return on equity of 17.00% and a net margin of 8.96%. The company had revenue of $417.40 million during the quarter, compared to the consensus estimate of $400.57 million. During the same period in the previous year, the firm posted $1.10 earnings per share. The company's revenue was up 34.4% on a year-over-year basis. Analysts forecast that Dorman Products will post 5.09 earnings per share for the current year.