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.

Dorman Products Stock Up 0.8 %

Shares of Dorman Products stock opened at $98.09 on Friday. The firm has a market capitalization of $3.08 billion, a P/E ratio of 22.19 and a beta of 0.52. Dorman Products has a 52 week low of $88.43 and a 52 week high of $122.96. The firm's 50 day moving average is $105.66 and its two-hundred day moving average is $99.10.

Dorman Products (NASDAQ:DORM - Get Rating) last announced 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). The company had revenue of $417.40 million during the quarter, compared to analysts' expectations of $400.57 million. Dorman Products had a net margin of 8.96% and a return on equity of 17.00%. The business's revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 earnings per share. As a group, research analysts expect that Dorman Products will post 5.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on DORM shares. MKM Partners started coverage on shares of Dorman Products in a research note on Wednesday, May 18th. They set a "buy" rating and a $129.00 target price on the stock. Stephens cut their target price on shares of Dorman Products to $97.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 27th. StockNews.com lowered shares of Dorman Products from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Barrington Research upped their target price on shares of Dorman Products from $120.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, June 10th.