Equities analysts predict that DXP Enterprises, Inc. (NASDAQ:DXPE) will post earnings per share of $0.26 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for DXP Enterprises’ earnings. DXP Enterprises reported earnings per share of $0.17 in the same quarter last year, which indicates a positive year-over-year growth rate of 52.9%. The firm is scheduled to issue its next quarterly earnings results on Monday, May 21st.
According to Zacks, analysts expect that DXP Enterprises will report full-year earnings of $1.26 per share for the current financial year, with EPS estimates ranging from $1.25 to $1.26. For the next fiscal year, analysts forecast that the business will post earnings of $1.76 per share, with EPS estimates ranging from $1.75 to $1.77. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow DXP Enterprises.
DXPE has been the topic of a number of recent research reports. BidaskClub raised DXP Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, March 27th. Zacks Investment Research raised DXP Enterprises from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Tuesday, January 30th. Finally, Stephens set a $48.00 price objective on DXP Enterprises and gave the company a “buy” rating in a report on Wednesday, March 21st. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $48.33.
DXPE stock opened at $37.53 on Friday. DXP Enterprises has a twelve month low of $24.86 and a twelve month high of $43.21. The stock has a market cap of $667.60, a P/E ratio of 43.64 and a beta of 2.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.81 and a current ratio of 2.55.
In other DXP Enterprises news, CEO David R. Little sold 49,841 shares of DXP Enterprises stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $40.33, for a total transaction of $2,010,087.53. Following the sale, the chief executive officer now directly owns 1,304,873 shares of the company’s stock, valued at $52,625,528.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David C. Vinson sold 7,290 shares of DXP Enterprises stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $40.00, for a total value of $291,600.00. Following the sale, the vice president now directly owns 10,563 shares in the company, valued at $422,520. The disclosure for this sale can be found here. Insiders have sold 63,306 shares of company stock worth $2,546,624 over the last ninety days. Company insiders own 11.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DXPE. MetLife Investment Advisors LLC acquired a new stake in DXP Enterprises during the fourth quarter valued at approximately $206,000. Municipal Employees Retirement System of Michigan boosted its holdings in DXP Enterprises by 49.1% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 8,680 shares of the industrial products company’s stock valued at $257,000 after purchasing an additional 2,860 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in DXP Enterprises during the fourth quarter valued at approximately $295,000. Great West Life Assurance Co. Can boosted its holdings in shares of DXP Enterprises by 9.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 22,960 shares of the industrial products company’s stock worth $731,000 after acquiring an additional 2,011 shares in the last quarter. Finally, Pinebridge Investments L.P. boosted its holdings in shares of DXP Enterprises by 15.8% in the 4th quarter. Pinebridge Investments L.P. now owns 25,592 shares of the industrial products company’s stock worth $757,000 after acquiring an additional 3,497 shares in the last quarter. 75.97% of the stock is currently owned by institutional investors.
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About DXP Enterprises
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 through 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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