DXP Enterprises, Inc. (NASDAQ:DXPE) – Investment analysts at KeyCorp cut their FY2018 earnings estimates for shares of DXP Enterprises in a research report issued on Wednesday, May 9th. KeyCorp analyst S. Barger now forecasts that the industrial products company will post earnings per share of $1.06 for the year, down from their previous forecast of $1.25.
DXP Enterprises (NASDAQ:DXPE) last announced its earnings results on Tuesday, May 8th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. DXP Enterprises had a net margin of 1.74% and a return on equity of 6.40%. The company had revenue of $285.94 million for the quarter, compared to analyst estimates of $276.00 million. During the same period in the prior year, the business earned $0.17 earnings per share. DXP Enterprises’s quarterly revenue was up 19.9% on a year-over-year basis.
A number of other equities analysts have also issued reports on DXPE. Zacks Investment Research lowered shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Monday. BidaskClub lowered shares of DXP Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Finally, Stephens set a $48.00 target price on shares of DXP Enterprises and gave the stock a “buy” rating in a research report on Wednesday, March 21st. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $48.33.
Shares of DXP Enterprises opened at $39.06 on Monday, Marketbeat Ratings reports. DXP Enterprises has a 1 year low of $37.21 and a 1 year high of $39.16. The company has a market cap of $658.98 million, a PE ratio of 45.42 and a beta of 2.30. The company has a current ratio of 2.44, a quick ratio of 1.67 and a debt-to-equity ratio of 0.87.
In related news, SVP John Jay Jeffery sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $40.00, for a total transaction of $120,000.00. Following the completion of the sale, the senior vice president now directly owns 22,858 shares of the company’s stock, valued at $914,320. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kent Nee Hung Yee sold 3,175 shares of the business’s stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $39.35, for a total transaction of $124,936.25. Following the sale, the insider now directly owns 40,846 shares of the company’s stock, valued at $1,607,290.10. 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 quarter. 9.60% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Swiss National Bank raised its stake in shares of DXP Enterprises by 5.9% during the first quarter. Swiss National Bank now owns 28,800 shares of the industrial products company’s stock worth $1,122,000 after buying an additional 1,600 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of DXP Enterprises during the first quarter worth approximately $111,000. Municipal Employees Retirement System of Michigan raised its stake in shares of 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 worth $257,000 after buying an additional 2,860 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of DXP Enterprises by 2.4% during the first quarter. Principal Financial Group Inc. now owns 121,311 shares of the industrial products company’s stock worth $4,725,000 after buying an additional 2,877 shares during the last quarter. Finally, First Mercantile Trust Co. raised its stake in shares of DXP Enterprises by 100.4% during the first quarter. First Mercantile Trust Co. now owns 6,939 shares of the industrial products company’s stock worth $270,000 after buying an additional 3,476 shares during the last quarter. 74.78% of the stock is owned by institutional investors and hedge funds.
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 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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