Dorman Products (NASDAQ:DORM) Issues FY 2024 Earnings Guidance

Dorman Products (NASDAQ:DORM) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 6.000-6.200 for the period, compared to the consensus EPS estimate of 5.640. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. Dorman Products also updated its FY24 guidance to $6.00-6.20 EPS.

Analyst Ratings Changes

Separately, Roth Mkm reaffirmed a buy rating and set a $116.00 price objective on shares of Dorman Products in a research report on Friday, June 14th.

Dorman Products Trading Down 2.8 %

Shares of NASDAQ:DORM traded down $2.79 during mid-day trading on Thursday, reaching $98.58. 157,460 shares of the company were exchanged, compared to its average volume of 121,871. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.50 and a quick ratio of 1.17. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 19.65 and a beta of 0.82. The firm’s 50-day simple moving average is $93.44 and its 200 day simple moving average is $90.50. Dorman Products has a 1 year low of $60.01 and a 1 year high of $104.74.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Tuesday, May 7th. The auto parts company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.82 by $0.49. Dorman Products had a net margin of 8.10% and a return on equity of 14.61%. The company had revenue of $468.70 million during the quarter, compared to analysts’ expectations of $472.35 million. During the same quarter last year, the company posted $0.56 EPS. The firm’s revenue was up .4% compared to the same quarter last year. Equities research analysts forecast that Dorman Products will post 5.64 EPS for the current year.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 500 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $92.06, for a total value of $46,030.00. Following the completion of the transaction, the senior vice president now owns 20,126 shares of the company’s stock, valued at approximately $1,852,799.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Jeffery Darby sold 1,400 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $98.98, for a total value of $138,572.00. Following the sale, the senior vice president now directly owns 25,071 shares in the company, valued at approximately $2,481,527.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donna M. Long sold 500 shares of Dorman Products stock in a transaction on Friday, May 10th. The stock was sold at an average price of $92.06, for a total transaction of $46,030.00. Following the sale, the senior vice president now owns 20,126 shares in the company, valued at $1,852,799.56. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by corporate insiders.

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.