DXP Enterprises Inc (NASDAQ:DXPE) – Investment analysts at KeyCorp increased their FY2018 earnings per share (EPS) estimates for DXP Enterprises in a research note issued on Monday, November 5th. KeyCorp analyst S. Barger now expects that the industrial products company will post earnings of $1.70 per share for the year, up from their previous forecast of $1.50.
Several other equities analysts also recently commented on DXPE. BidaskClub raised shares of DXP Enterprises from a “strong sell” rating to a “sell” rating in a report on Saturday. Zacks Investment Research downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Finally, ValuEngine raised shares of DXP Enterprises from a “hold” rating to a “buy” rating in a report on Thursday, November 1st.
Shares of NASDAQ:DXPE opened at $42.45 on Wednesday. The company has a current ratio of 2.57, a quick ratio of 1.74 and a debt-to-equity ratio of 0.83. DXP Enterprises has a 1-year low of $24.89 and a 1-year high of $49.50. The company has a market cap of $604.73 million, a price-to-earnings ratio of 49.36 and a beta of 2.53.
DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Monday, November 5th. The industrial products company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.09. DXP Enterprises had a net margin of 2.31% and a return on equity of 8.83%. The business had revenue of $308.00 million for the quarter, compared to the consensus estimate of $301.81 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up 22.3% on a year-over-year basis.
Hedge funds have recently bought and sold shares of the business. Piedmont Investment Advisors LLC bought a new position in DXP Enterprises during the second quarter valued at $141,000. SG Americas Securities LLC increased its position in DXP Enterprises by 65.0% during the second quarter. SG Americas Securities LLC now owns 4,684 shares of the industrial products company’s stock valued at $179,000 after acquiring an additional 1,845 shares during the last quarter. Stone Ridge Asset Management LLC bought a new position in DXP Enterprises during the third quarter valued at $283,000. GSA Capital Partners LLP bought a new position in DXP Enterprises during the second quarter valued at $328,000. Finally, Engineers Gate Manager LP bought a new position in DXP Enterprises during the second quarter valued at $379,000. Institutional investors and hedge funds own 76.63% of the company’s stock.
In related news, CEO David R. Little sold 50,000 shares of the company’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $48.41, for a total transaction of $2,420,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David C. Vinson sold 4,000 shares of the company’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 sale, the vice president now directly owns 6,563 shares in the company, valued at approximately $315,024. The disclosure for this sale can be found here. Insiders sold 59,000 shares of company stock worth $2,829,250 in the last three months. Insiders own 9.20% of the company’s stock.
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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