Dorman Products FY2024 EPS Forecast Boosted by Roth Capital

Dorman Products, Inc. (NASDAQ:DORM) – Equities researchers at Roth Capital upped their FY2024 EPS estimates for Dorman Products in a report issued on Monday, November 4th. Roth Capital analyst S. Stember now anticipates that the auto parts company will post earnings per share of $6.95 for the year, up from their prior estimate of $6.20. The consensus estimate for Dorman Products’ current full-year earnings is $6.90 per share. Roth Capital also issued estimates for Dorman Products’ Q4 2024 earnings at $2.03 EPS, Q4 2025 earnings at $2.15 EPS, FY2025 earnings at $7.62 EPS and FY2026 earnings at $8.50 EPS.

A number of other equities analysts also recently weighed in on the stock. CJS Securities started coverage on shares of Dorman Products in a research note on Friday, September 13th. They set an “outperform” rating and a $134.00 price target on the stock. Roth Mkm reissued a “buy” rating and issued a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a research note on Monday. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $125.67.

Dorman Products Stock Down 0.6 %

Shares of NASDAQ DORM opened at $136.92 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The firm has a market cap of $4.18 billion, a P/E ratio of 22.90 and a beta of 0.83. Dorman Products has a 1 year low of $66.07 and a 1 year high of $146.60. The firm’s 50 day moving average price is $115.02 and its 200 day moving average price is $102.42.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.43. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The firm had revenue of $503.77 million for the quarter, compared to analyst estimates of $509.54 million. During the same quarter last year, the business earned $1.40 earnings per share. Dorman Products’s revenue was up 3.2% compared to the same quarter last year.

Insider Buying and Selling

In related news, Director Steven L. Berman sold 27,632 shares of Dorman Products stock in a transaction on Monday, September 16th. The shares were sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the sale, the director now owns 936,024 shares of the company’s stock, valued at $108,316,697.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Steven L. Berman sold 27,632 shares of Dorman Products stock in a transaction on Monday, September 16th. The shares were sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the sale, the director now owns 936,024 shares of the company’s stock, valued at $108,316,697.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jeffery Darby sold 1,400 shares of Dorman Products stock in a transaction on Monday, August 26th. The stock was sold at an average price of $113.98, for a total transaction of $159,572.00. Following the sale, the senior vice president now directly owns 22,271 shares in the company, valued at $2,538,448.58. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 59,833 shares of company stock valued at $7,050,877 in the last quarter. Company insiders own 10.00% of the company’s stock.

Institutional Investors Weigh In On Dorman Products

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Seizert Capital Partners LLC increased its position in shares of Dorman Products by 37.0% in the 3rd quarter. Seizert Capital Partners LLC now owns 45,836 shares of the auto parts company’s stock worth $5,185,000 after purchasing an additional 12,367 shares during the last quarter. Natixis Advisors LLC increased its position in shares of Dorman Products by 12.5% in the 3rd quarter. Natixis Advisors LLC now owns 27,482 shares of the auto parts company’s stock worth $3,109,000 after purchasing an additional 3,049 shares during the last quarter. Royce & Associates LP increased its position in shares of Dorman Products by 17.6% in the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock worth $59,262,000 after purchasing an additional 78,496 shares during the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of Dorman Products in the 3rd quarter worth about $327,000. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Dorman Products by 41.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock worth $1,548,000 after purchasing an additional 3,993 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

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.