For its third fiscal quarter (ending September 30), Dorman Products Inc (NASDAQ: DORM) has reported a 40% increase in E.P.S. from $1.29 a year ago to $1.80 in the current quarter. E.P.S. were $5.97 for the latest four quarters through September 30 versus $3.08 for the same period a year ago — an increase of 94%.
Recent Price Action
On 10/31/24, Dorman Products Inc (NASDAQ: DORM) stock declined modestly by -1.5%, closing at $114.03. However, this decline was accompanied by below average trading volume at 76% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and is unchanged during the last week.
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 52 but a good Power Rating of 79, resulting in the Positive Value Trend Rating.
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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