Dorman Products (NASDAQ:DORM – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $6.85-6.95 for the period, compared to the consensus EPS estimate of $6.13. The company issued revenue guidance of $2.00-2.02 billion, compared to the consensus revenue estimate of $2.00 billion.
Dorman Products Stock Performance
NASDAQ DORM traded down $1.72 during trading hours on Thursday, hitting $114.03. The company had a trading volume of 95,908 shares, compared to its average volume of 128,225. The business has a 50 day moving average of $113.17 and a 200-day moving average of $100.97. The company has a market cap of $3.49 billion, a PE ratio of 21.14 and a beta of 0.82. Dorman Products has a 1-year low of $60.01 and a 1-year high of $119.28. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.19 and a current ratio of 2.40.
Dorman Products (NASDAQ:DORM – Get Free Report) last announced its earnings results on Thursday, August 1st. The auto parts company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.48. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. The business had revenue of $502.95 million for the quarter, compared to analysts’ expectations of $497.46 million. During the same period in the previous year, the company posted $1.01 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts expect that Dorman Products will post 6.15 EPS for the current year.
Analyst Ratings Changes
Read Our Latest Stock Report on Dorman Products
Insiders Place Their Bets
In related news, Director Steven L. Berman sold 2,669 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $112.57, for a total value of $300,449.33. Following the sale, the director now owns 876,156 shares of the company’s stock, valued at approximately $98,628,880.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Steven L. Berman sold 2,669 shares of Dorman Products stock in a transaction on Friday, October 11th. The stock was sold at an average price of $112.57, for a total value of $300,449.33. Following the completion of the sale, the director now owns 876,156 shares of the company’s stock, valued at $98,628,880.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffery Darby sold 2,400 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $118.98, for a total value of $285,552.00. Following the transaction, the senior vice president now owns 19,871 shares in the company, valued at $2,364,251.58. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,297 shares of company stock worth $6,163,491. 10.00% of the stock is owned by corporate insiders.
Dorman Products Company Profile
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.
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