DXP Enterprises (NASDAQ:DXPE) is scheduled to be releasing its earnings data before the market opens on Monday, November 5th. Analysts expect DXP Enterprises to post earnings of $0.39 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.36. DXP Enterprises had a net margin of 2.31% and a return on equity of 8.83%. The company had revenue of $311.23 million during the quarter, compared to analyst estimates of $287.10 million. On average, analysts expect DXP Enterprises to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of DXPE stock opened at $34.78 on Friday. DXP Enterprises has a 12-month low of $24.89 and a 12-month high of $49.50. The firm has a market capitalization of $538.66 million, a PE ratio of 40.44 and a beta of 2.56. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.57 and a quick ratio of 1.74.
DXPE has been the subject of several research analyst reports. Zacks Investment Research raised shares of DXP Enterprises from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Tuesday, July 10th. BidaskClub raised shares of DXP Enterprises from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 25th.
In other news, CEO David R. Little sold 50,000 shares of the business’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $48.41, for a total value of $2,420,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David C. Vinson sold 4,000 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $48.00, for a total transaction of $192,000.00. Following the completion of the transaction, the vice president now directly owns 6,563 shares of the company’s stock, valued at approximately $315,024. The disclosure for this sale can be found here. Insiders sold a total of 59,000 shares of company stock valued at $2,829,250 in the last three months. 9.20% of the stock is owned by company insiders.
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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