Dorman Products (DORM) to Release Earnings on Wednesday

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

Dorman Products Stock Performance

Shares of Dorman Products stock opened at $123.04 on Tuesday. Dorman Products has a 52 week low of $81.24 and a 52 week high of $146.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 20.58 and a beta of 0.88. The firm has a fifty day moving average of $128.93 and a two-hundred day moving average of $123.78.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Roth Mkm reissued a “buy” rating and issued a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. StockNews.com lowered shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Dorman Products has a consensus rating of “Buy” and a consensus target price of $125.67.

Insiders Place Their Bets

In other Dorman Products news, Director Steven L. Berman sold 2,633 shares of Dorman Products stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $132.52, for a total value of $348,925.16. Following the transaction, the director now owns 833,812 shares of the company’s stock, valued at approximately $110,496,766.24. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Mcknight sold 8,185 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total transaction of $1,140,497.90. Following the sale, the insider now directly owns 8,902 shares of the company’s stock, valued at $1,240,404.68. This represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,533 shares of company stock worth $6,619,683 over the last ninety days. 10.00% of the stock is currently owned by corporate insiders.

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.