Dorman Products (DORM) Expected to Announce Quarterly Earnings on Wednesday

Dorman Products (NASDAQ:DORM) is projected to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Dorman Products to post earnings of $1.99 per share and revenue of $523.95 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Dorman Products Trading Up 0.3 %

Shares of NASDAQ:DORM opened at $126.99 on Wednesday. The business’s 50 day moving average price is $130.06 and its 200-day moving average price is $123.22. Dorman Products has a 1 year low of $80.28 and a 1 year high of $146.60. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 21.24 and a beta of 0.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16.

Insider Buying and Selling at Dorman Products

In related news, SVP Eric Luftig sold 3,278 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $141.19, for a total transaction of $462,820.82. Following the completion of the sale, the senior vice president now owns 5,934 shares of the company’s stock, valued at approximately $837,821.46. This represents a 35.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven L. Berman sold 8,485 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $136.83, for a total transaction of $1,161,002.55. Following the completion of the transaction, the director now directly owns 867,671 shares in the company, valued at $118,723,422.93. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,811 shares of company stock worth $7,082,504. Corporate insiders own 10.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports 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 reaffirmed a “buy” rating and issued a $153.00 price target (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Dorman Products currently has a consensus rating of “Buy” and an average price target of $125.67.

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.