Dorman Products (NASDAQ:DORM) Announces Earnings Results, Beats Expectations By $0.21 EPS

Dorman Products (NASDAQ:DORM) issued its quarterly earnings results on Wednesday. The auto parts company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.21, Zacks reports. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company had revenue of $533.77 million for the quarter, compared to the consensus estimate of $523.95 million. Dorman Products updated its FY 2025 guidance to 7.550-7.850 EPS.

Dorman Products Trading Up 3.2 %

Dorman Products stock opened at $127.99 on Friday. The firm has a market cap of $3.91 billion, a PE ratio of 21.40 and a beta of 0.88. Dorman Products has a 12 month low of $86.61 and a 12 month high of $146.60. The stock’s 50 day simple moving average is $128.60 and its two-hundred day simple moving average is $123.95. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.

Insider Activity

In related news, insider John Mcknight sold 8,185 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $139.34, for a total transaction of $1,140,497.90. Following the sale, the insider now owns 8,902 shares in the company, valued at approximately $1,240,404.68. This trade represents a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven L. Berman sold 285 shares of Dorman Products stock in a transaction on Friday, January 10th. The shares were sold at an average price of $123.50, for a total transaction of $35,197.50. Following the completion of the transaction, the director now directly owns 833,527 shares of the company’s stock, valued at $102,940,584.50. The trade was a 0.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,533 shares of company stock valued at $6,619,683 in the last three months. 10.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DORM. StockNews.com downgraded shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Roth Mkm restated a “buy” rating and set a $153.00 target price (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th.

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.