DXP Enterprises, Inc. (DXPE) Releases Earnings Results, Misses Expectations By $0.06 EPS
DXP Enterprises, Inc. (NASDAQ:DXPE) released its quarterly earnings results on Thursday. The industrial products company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.06), Bloomberg Earnings reports. The business had revenue of $251.90 million for the quarter, compared to analyst estimates of $250.42 million. DXP Enterprises had a return on equity of 6.15% and a net margin of 1.58%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 EPS.
DXP Enterprises (NASDAQ DXPE) traded down $4.01 during midday trading on Friday, hitting $26.79. The stock had a trading volume of 215,897 shares, compared to its average volume of 57,736. The company has a market cap of $538.58 million, a price-to-earnings ratio of 36.85 and a beta of 2.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.82 and a quick ratio of 0.56.
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DXPE has been the topic of a number of research analyst reports. Zacks Investment Research raised DXP Enterprises from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Thursday, July 27th. BidaskClub raised DXP Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $42.00.
About DXP Enterprises
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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