DXP Enterprises (NASDAQ:DXPE) posted its earnings results on Tuesday, May 7th. The industrial products company reported $0.40 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40, MarketWatch Earnings reports. DXP Enterprises had a return on equity of 12.59% and a net margin of 3.09%. The firm had revenue of $311.20 million during the quarter, compared to analyst estimates of $310.87 million. During the same period in the previous year, the company earned $0.24 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis.
Shares of DXPE traded up $0.02 on Thursday, reaching $33.67. 85,900 shares of the stock traded hands, compared to its average volume of 79,010. The stock has a market cap of $591.98 million, a PE ratio of 17.36, a P/E/G ratio of 0.82 and a beta of 2.49. The company has a current ratio of 2.48, a quick ratio of 1.71 and a debt-to-equity ratio of 0.91. DXP Enterprises has a 12 month low of $26.95 and a 12 month high of $49.50.
In other news, insider Kent Nee Hung Yee sold 14,960 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $40.52, for a total transaction of $606,179.20. Following the sale, the insider now directly owns 29,146 shares in the company, valued at $1,180,995.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 9.20% of the company’s stock.
Several equities research analysts recently weighed in on the company. TheStreet lowered DXP Enterprises from a “b” rating to a “c+” rating in a report on Wednesday, May 15th. BidaskClub lowered DXP Enterprises from a “sell” rating to a “strong sell” rating in a report on Monday, May 20th. Jefferies Financial Group assumed coverage on DXP Enterprises in a report on Thursday, April 25th. They set a “hold” rating and a $47.00 price target for the company. Sidoti cut their price target on DXP Enterprises from $61.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, February 26th. Finally, Stephens set a $47.00 price objective on DXP Enterprises and gave the company a “buy” rating in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $48.00.
ILLEGAL ACTIVITY WARNING: “DXP Enterprises (NASDAQ:DXPE) Announces Earnings Results” was originally reported by Rockland Register and is the sole property of of Rockland Register. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://rocklandregister.com/2019/05/30/dxp-enterprises-dxpe-releases-quarterly-earnings-results.html.
DXP Enterprises Company Profile
DXP Enterprises, Inc engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers in the United States. It operates in three segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services.
Further Reading: Penny Stocks, Risk and Reward Factors
Receive News & Ratings for DXP Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXP Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.