DXP Enterprises (DXPE) Earning Somewhat Positive Media Coverage, Accern Reports

News stories about DXP Enterprises (NASDAQ:DXPE) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. DXP Enterprises earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.2863920918495 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

DXPE has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of DXP Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. BidaskClub raised shares of DXP Enterprises from a “hold” rating to a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $42.00.

DXP Enterprises (DXPE) traded up $0.70 on Friday, reaching $30.31. 68,873 shares of the company’s stock were exchanged, compared to its average volume of 74,380. DXP Enterprises has a one year low of $24.86 and a one year high of $42.00. The company has a quick ratio of 1.79, a current ratio of 2.51 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $527.15, a PE ratio of 30.93 and a beta of 2.65.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). DXP Enterprises had a net margin of 1.83% and a return on equity of 6.87%. The firm had revenue of $251.90 million during the quarter, compared to analysts’ expectations of $250.42 million. During the same period in the previous year, the firm posted $0.02 EPS. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. analysts predict that DXP Enterprises will post 0.67 earnings per share for the current year.

In other news, insider Kent Nee Hung Yee sold 2,200 shares of DXP Enterprises stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $29.69, for a total value of $65,318.00. Following the sale, the insider now owns 40,984 shares in the company, valued at $1,216,814.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David R. Little sold 13,500 shares of DXP Enterprises stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $29.50, for a total transaction of $398,250.00. Following the completion of the sale, the chief executive officer now owns 1,368,214 shares in the company, valued at approximately $40,362,313. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,200 shares of company stock worth $1,010,218. Company insiders own 11.30% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for DXP Enterprises (NASDAQ:DXPE)

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