News articles about Dorman Products (NASDAQ:DORM) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dorman Products earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the auto parts company an impact score of 47.2485621813596 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
Dorman Products stock opened at $69.19 on Monday. Dorman Products has a one year low of $60.93 and a one year high of $88.50. The firm has a market cap of $2,334.52, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 1.50 and a beta of 0.91.
Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.86 by $0.01. Dorman Products had a return on equity of 18.14% and a net margin of 11.80%. The company had revenue of $227.72 million for the quarter, compared to analysts’ expectations of $234.58 million. During the same period last year, the firm posted $0.83 earnings per share. Dorman Products’s revenue was down .6% compared to the same quarter last year. research analysts predict that Dorman Products will post 4.2 EPS for the current fiscal year.
Several brokerages have recently weighed in on DORM. Zacks Investment Research upgraded Dorman Products from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a report on Thursday, March 1st. Barrington Research restated a “hold” rating on shares of Dorman Products in a report on Tuesday, February 27th. BidaskClub downgraded Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 24th. Finally, CL King upgraded Dorman Products from a “neutral” rating to a “strong-buy” rating in a report on Wednesday, January 3rd. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Dorman Products has an average rating of “Hold” and an average price target of $70.50.
In related news, SVP Jeffery Darby sold 1,100 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $72.77, for a total transaction of $80,047.00. Following the sale, the senior vice president now directly owns 13,488 shares of the company’s stock, valued at $981,521.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 11.90% of the company’s stock.
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About Dorman Products
Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, 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 fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.
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