The Dorman Products (DORM) Earning Somewhat Positive Media Coverage, Report Finds

The Dorman Products (DORM) Earning Somewhat Positive Media Coverage, Report Finds

News articles about Dorman Products (NASDAQ:DORM) have been trending somewhat positive on Wednesday, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dorman Products earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the auto parts company an impact score of 46.9715940625302 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

Shares of Dorman Products (NASDAQ DORM) opened at $72.09 on Wednesday. The company has a market capitalization of $2,400.00, a P/E ratio of 22.11, a PEG ratio of 1.51 and a beta of 0.91. Dorman Products has a 12-month low of $60.93 and a 12-month high of $88.50.

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Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.01. The business had revenue of $227.72 million during the quarter, compared to analysts’ expectations of $234.58 million. Dorman Products had a return on equity of 18.14% and a net margin of 11.80%. The business’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 earnings per share. analysts forecast that Dorman Products will post 4.2 EPS for the current fiscal year.

Several research analysts recently weighed in on DORM shares. Zacks Investment Research upgraded Dorman Products from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research report on Thursday, March 1st. CL King upgraded Dorman Products from a “neutral” rating to a “strong-buy” rating in a research report on Wednesday, January 3rd. BidaskClub upgraded Dorman Products from a “strong sell” rating to a “sell” rating in a research report on Friday, January 5th. Finally, Barrington Research reiterated a “hold” rating on shares of Dorman Products in a research report on Tuesday, February 27th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Dorman Products presently has an average rating of “Hold” and an average target price of $70.50.

Dorman Products Company Profile

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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