Media coverage about Dorman Products (NASDAQ:DORM) has trended somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Dorman Products earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the auto parts company an impact score of 45.7460366252387 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern’s analysis:
Shares of Dorman Products traded up $0.21, hitting $70.28, on Wednesday, according to Marketbeat.com. The company had a trading volume of 53,672 shares, compared to its average volume of 138,891. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.20 and a beta of 0.89. Dorman Products has a 12-month low of $56.36 and a 12-month high of $83.44.
Dorman Products (NASDAQ:DORM) last released its earnings results on Tuesday, May 1st. The auto parts company reported $0.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.07). The business had revenue of $227.30 million for the quarter, compared to the consensus estimate of $233.97 million. Dorman Products had a net margin of 11.89% and a return on equity of 18.27%. Dorman Products’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 EPS. sell-side analysts expect that Dorman Products will post 4.17 earnings per share for the current fiscal year.
Several research analysts recently commented on the stock. Zacks Investment Research lowered shares of Dorman Products from a “hold” rating to a “sell” rating in a report on Monday, June 18th. BidaskClub upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a research note on Tuesday, June 19th. ValuEngine lowered shares of Dorman Products from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. Finally, Barrington Research reissued a “hold” rating on shares of Dorman Products in a research note on Tuesday, May 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Dorman Products has a consensus rating of “Hold” and an average target price of $70.50.
In other Dorman Products news, Director John J. Gavin purchased 1,536 shares of the business’s stock in a transaction on Monday, May 7th. The stock was acquired at an average cost of $65.23 per share, for a total transaction of $100,193.28. Following the completion of the transaction, the director now directly owns 3,395 shares in the company, valued at approximately $221,455.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 11.90% of the company’s stock.
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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