Revenue Update on Dorman Products(NASDAQ:DORM)

Dorman Products(NASDAQ:DORM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $229.097M. Analysts estimated a revenue of $224.280M. The revenues were 2.15% above the estimates. Earnings per share were $0.83. The reported EPS was above estimates by 9.21%. Analysts had estimated an EPS of $0.76.

Dorman Products (DORM) made into the market gainers list on Wednesdays trading session with the shares advancing 7.86% or 5.68 points. Due to strong positive momentum, the stock ended at $77.94, which is also near the day’s high of $78.09. The stock began the session at $74.83 and the volume stood at 3,76,837 shares. The 52-week high of the shares is $79.025 and the 52 week low is $48.42. The company has a current market capitalization of $2,698 M and it has 3,46,13,547 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 1, 2016, Paul R Lederer (director) sold 2,000 shares at $71.57 per share price.Also, On Sep 7, 2016, Jeffery Darby (SVP, Sales and Marketing) sold 490 shares at $64.00 per share price.On Aug 30, 2016, Mathias J Barton (President and CEO) sold 200 shares at $62.54 per share price, according to the Form-4 filing with the securities and exchange commission.

Dorman Products Inc. (Dorman) is a supplier of replacement parts and fasteners for passenger cars light trucks and heavy duty trucks in the automotive aftermarket. The Company distributes and markets approximately 140000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners. Approximately 85% of the Company’s products are sold under brands that it owns and the remainders of its products are sold for resale under customers’ private labels other brands or in bulk. The Company also generates revenues from the sale of parts that it packages for sale in bulk or under the private labels of parts manufacturers and national warehouse distributors. The Company groups its products into four classes: power-train automotive body chassis and hardware. Its sub-brands include DORMAN OE Solutions DORMAN HELP! DORMAN TECHoice DORMAN AutoGrade DORMAN Conduct-Tite! DORMAN FirstStop and DORMAN HD Solutions.

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