Dorman Products (NASDAQ:DORM) Releases FY24 Earnings Guidance

Dorman Products (NASDAQ:DORM) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $5.40-5.70 for the period, compared to the consensus estimate of $5.55. The company issued revenue guidance of +3-5% yr/yr to ~$1.99-2.03 billion, compared to the consensus revenue estimate of $2.00 billion.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DORM. Roth Mkm reaffirmed a buy rating and issued a $116.00 target price on shares of Dorman Products in a research report on Monday, March 25th. Barrington Research reissued an outperform rating and issued a $90.00 price target on shares of Dorman Products in a report on Tuesday, February 27th. StockNews.com raised Dorman Products from a hold rating to a buy rating in a report on Thursday, March 7th. Finally, TheStreet raised Dorman Products from a c+ rating to a b rating in a report on Wednesday, March 20th.

Dorman Products Stock Up 0.1 %

DORM traded up $0.12 on Thursday, reaching $91.35. The company’s stock had a trading volume of 28,753 shares, compared to its average volume of 114,170. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 22.58 and a beta of 0.83. Dorman Products has a 1 year low of $60.01 and a 1 year high of $98.55. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.25 and a quick ratio of 1.09. The business’s 50 day moving average is $91.90 and its 200 day moving average is $83.06.

Dorman Products (NASDAQ:DORM) last released its earnings results on Tuesday, May 7th. The auto parts company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.49. Dorman Products had a return on equity of 12.92% and a net margin of 6.70%. The company had revenue of $468.70 million for the quarter, compared to the consensus estimate of $472.35 million. During the same quarter last year, the business posted $0.56 EPS. Dorman Products’s quarterly revenue was up .4% compared to the same quarter last year. As a group, research analysts forecast that Dorman Products will post 5.55 EPS for the current fiscal year.

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.