Dorman Products Inc (NASDAQ: DORM) has reported earnings for its second fiscal quarter (ending June 30) of $1.53 versus $1.04 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $5.47 compared to $2.76 a year ago.
Recent Price Action
Dorman Products Inc (NASDAQ: DORM) stock closed at $98.58 on 8/1/24 after a decline of -2.8%. This decline was accompanied by normal trading volume. The stock has risen 0.6% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, DORM is expected to continue to be a Value Builder.
Dorman Products has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Dorman Products has a neutral Appreciation Score of 56 but a good Power Rating of 78, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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