DXP Enterprises, Inc. (DXPE) Posts Earnings Results, Beats Estimates By $0.02 EPS
DXP Enterprises, Inc. (NASDAQ:DXPE) announced its quarterly earnings data on Tuesday. The industrial products company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02, Bloomberg Earnings reports. DXP Enterprises had a net margin of 1.68% and a return on equity of 7.00%. The firm had revenue of $250.69 million during the quarter, compared to analysts’ expectations of $246.15 million. During the same quarter in the previous year, the business posted $0.34 earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year.
DXP Enterprises (DXPE) traded up 0.75% on Tuesday, reaching $33.59. 237,692 shares of the company’s stock traded hands. The firm has a market capitalization of $585.04 million, a P/E ratio of 35.54 and a beta of 2.67. DXP Enterprises has a 52 week low of $14.90 and a 52 week high of $42.00. The stock has a 50-day moving average of $35.10 and a 200 day moving average of $35.86.
Several research analysts have commented on DXPE shares. BidaskClub cut shares of DXP Enterprises from a “hold” rating to a “sell” rating in a report on Monday. Zacks Investment Research upgraded shares of DXP Enterprises from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Wednesday, April 5th. KeyCorp reiterated a “sector weight” rating on shares of DXP Enterprises in a report on Friday, May 26th. Finally, Sidoti reiterated a “buy” rating and set a $49.00 price target (up previously from $47.00) on shares of DXP Enterprises in a report on Wednesday, May 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $41.50.
In other DXP Enterprises news, VP David C. Vinson sold 3,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $39.12, for a total value of $117,360.00. Following the completion of the sale, the vice president now owns 6,681 shares of the company’s stock, valued at $261,360.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kent Nee Hung Yee sold 4,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $37.63, for a total transaction of $150,520.00. Following the completion of the sale, the insider now directly owns 40,278 shares of the company’s stock, valued at approximately $1,515,661.14. The disclosure for this sale can be found here. 9.60% of the stock is owned by company insiders.
DXP Enterprises Company Profile
DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.
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