Analysts Expect DXP Enterprises Inc (DXPE) Will Post Earnings of $0.70 Per Share

Equities analysts forecast that DXP Enterprises Inc (NASDAQ:DXPE) will report $0.70 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for DXP Enterprises’ earnings, with estimates ranging from $0.66 to $0.74. DXP Enterprises posted earnings per share of $0.61 during the same quarter last year, which would indicate a positive year over year growth rate of 14.8%. The firm is expected to issue its next earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that DXP Enterprises will report full year earnings of $2.38 per share for the current financial year, with EPS estimates ranging from $2.27 to $2.45. For the next fiscal year, analysts anticipate that the business will post earnings of $2.73 per share, with EPS estimates ranging from $2.67 to $2.77. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover DXP Enterprises.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The firm had revenue of $311.20 million for the quarter, compared to analysts’ expectations of $310.87 million. DXP Enterprises had a net margin of 2.93% and a return on equity of 12.11%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 earnings per share.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of DXP Enterprises from a “hold” rating to a “strong-buy” rating and set a $46.00 price objective on the stock in a research report on Wednesday, March 13th. Stephens set a $47.00 price objective on shares of DXP Enterprises and gave the company a “buy” rating in a research report on Wednesday. BidaskClub cut shares of DXP Enterprises from a “hold” rating to a “sell” rating in a research report on Saturday, May 4th. Finally, ValuEngine cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $48.00.

In related news, VP Kent Nee Hung Yee sold 7,500 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $40.32, for a total value of $302,400.00. Following the sale, the vice president now owns 29,146 shares in the company, valued at $1,175,166.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.20% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in DXP Enterprises by 1.5% in the fourth quarter. BlackRock Inc. now owns 2,410,172 shares of the industrial products company’s stock worth $67,097,000 after purchasing an additional 35,801 shares during the last quarter. Nantahala Capital Management LLC increased its position in DXP Enterprises by 18.7% during the fourth quarter. Nantahala Capital Management LLC now owns 1,147,964 shares of the industrial products company’s stock valued at $31,959,000 after acquiring an additional 180,936 shares during the last quarter. Dimensional Fund Advisors LP increased its position in DXP Enterprises by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,010,183 shares of the industrial products company’s stock valued at $28,124,000 after acquiring an additional 13,270 shares during the last quarter. Vanguard Group Inc increased its position in DXP Enterprises by 1.1% during the third quarter. Vanguard Group Inc now owns 939,221 shares of the industrial products company’s stock valued at $37,635,000 after acquiring an additional 10,555 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in DXP Enterprises by 1.1% during the third quarter. Vanguard Group Inc. now owns 939,221 shares of the industrial products company’s stock valued at $37,635,000 after acquiring an additional 10,555 shares during the last quarter. Institutional investors own 79.96% of the company’s stock.

DXP Enterprises stock opened at $37.16 on Monday. The company has a market cap of $651.02 million, a PE ratio of 19.15, a P/E/G ratio of 1.04 and a beta of 2.49. The company has a current ratio of 2.69, a quick ratio of 1.89 and a debt-to-equity ratio of 0.77. DXP Enterprises has a 1 year low of $26.95 and a 1 year high of $49.50.

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.

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