News stories about Dorman Products (NASDAQ:DORM) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded 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 0.17 on Accern’s scale. Accern also assigned media headlines about the auto parts company an impact score of 47.2541345237829 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Dorman Products (NASDAQ:DORM) opened at $70.66 on Friday. Dorman Products has a twelve month low of $60.93 and a twelve month high of $88.50. The firm has a market capitalization of $2,305.46, a PE ratio of 22.58, a P/E/G ratio of 1.49 and a beta of 0.91.
Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.01. The company had revenue of $227.72 million during the quarter, compared to analyst estimates of $234.58 million. Dorman Products had a return on equity of 18.14% and a net margin of 11.80%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. analysts anticipate that Dorman Products will post 4.2 earnings per share for the current year.
Several equities research analysts recently weighed in on DORM shares. Zacks Investment Research raised Dorman Products from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Thursday, March 1st. CL King raised Dorman Products from a “neutral” rating to a “strong-buy” rating in a report on Wednesday, January 3rd. BidaskClub raised Dorman Products from a “strong sell” rating to a “sell” rating in a report on Friday, January 5th. Finally, Barrington Research reissued a “hold” rating on shares of Dorman Products in a report on Tuesday, February 27th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $70.50.
In other Dorman Products news, SVP Jeffery Darby sold 1,100 shares of Dorman Products stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $72.77, for a total transaction of $80,047.00. Following the completion of the transaction, the senior vice president now owns 13,488 shares of the company’s stock, valued at approximately $981,521.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 11.70% of the stock is owned by insiders.
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About Dorman Products
Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.
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