Dorman Products FY2024 EPS Forecast Boosted by Roth Capital

Dorman Products, Inc. (NASDAQ:DORM) – Stock analysts at Roth Capital lifted their FY2024 EPS estimates for Dorman Products in a report released on Monday, November 4th. Roth Capital analyst S. Stember now expects that the auto parts company will post earnings per share of $6.95 for the year, up from their previous forecast 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.

Other research analysts also recently issued reports about the stock. Roth Mkm reissued a “buy” rating and issued a $153.00 price target (up from $126.00) on shares of Dorman Products in a report on Monday. CJS Securities started coverage on Dorman Products in a research report on Friday, September 13th. They set an “outperform” rating and a $134.00 target price for the company. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $125.67.

Dorman Products Price Performance

DORM stock opened at $137.72 on Wednesday. The firm has a 50 day moving average of $114.51 and a 200-day moving average of $102.17. The firm has a market capitalization of $4.21 billion, a P/E ratio of 23.03 and a beta of 0.83. Dorman Products has a 12 month low of $66.07 and a 12 month high of $138.15. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data 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. The business had revenue of $503.77 million for the quarter, compared to analysts’ expectations of $509.54 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.40 EPS.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DORM. Vanguard Group Inc. grew its position in Dorman Products by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company’s stock worth $292,282,000 after acquiring an additional 41,849 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Dorman Products by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,029,044 shares of the auto parts company’s stock valued at $94,136,000 after buying an additional 24,811 shares during the period. WCM Investment Management LLC raised its holdings in shares of Dorman Products by 2.3% during the third quarter. WCM Investment Management LLC now owns 302,620 shares of the auto parts company’s stock valued at $34,372,000 after acquiring an additional 6,754 shares in the last quarter. Summit Creek Advisors LLC lifted its stake in Dorman Products by 0.6% in the first quarter. Summit Creek Advisors LLC now owns 227,303 shares of the auto parts company’s stock worth $21,910,000 after acquiring an additional 1,400 shares during the period. Finally, Fiera Capital Corp bought a new stake in Dorman Products in the third quarter valued at $25,571,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insider Transactions at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 27,632 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was 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 in the company, valued at $108,316,697.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Steven L. Berman sold 16,071 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $116.55, for a total value of $1,873,075.05. Following the completion of the sale, the director now owns 888,656 shares of the company’s stock, valued at approximately $103,572,856.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven L. Berman sold 27,632 shares of Dorman Products stock in a transaction on Monday, September 16th. The stock was sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the completion of the transaction, the director now owns 936,024 shares in the company, valued at approximately $108,316,697.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,297 shares of company stock valued at $6,316,471. Insiders own 10.00% 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.