DXP Enterprises, Inc. (NASDAQ:DXPE) issued its earnings results on Tuesday. The industrial products company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02, Bloomberg Earnings reports. The business had revenue of $250.69 million for the quarter, compared to the consensus estimate of $246.15 million. DXP Enterprises had a net margin of 1.68% and a return on equity of 7.00%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 earnings per share.
DXP Enterprises (DXPE) traded up 0.75% during trading on Tuesday, hitting $33.59. 237,692 shares of the company’s stock traded hands. The company’s 50 day moving average price is $35.10 and its 200 day moving average price is $35.86. The company has a market cap of $585.04 million, a PE ratio of 35.54 and a beta of 2.67. DXP Enterprises has a 52-week low of $14.90 and a 52-week high of $42.00.
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DXPE has been the topic of a number of recent analyst reports. Sidoti restated a “buy” rating and set a $49.00 target price (up from $47.00) on shares of DXP Enterprises in a report on Wednesday, May 17th. Zacks Investment Research upgraded shares of DXP Enterprises from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Wednesday, April 5th. BidaskClub downgraded shares of DXP Enterprises from a “hold” rating to a “sell” rating in a report on Monday. Finally, KeyCorp restated a “sector weight” rating on shares of DXP Enterprises in a report on Friday, May 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. DXP Enterprises has an average rating of “Hold” and an average target price of $41.50.
In other news, insider Kent Nee Hung Yee sold 4,000 shares of DXP Enterprises stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $37.63, for a total transaction of $150,520.00. Following the sale, the insider now directly owns 40,278 shares in the company, valued at approximately $1,515,661.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David C. Vinson sold 3,000 shares of DXP Enterprises stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $39.12, for a total value of $117,360.00. Following the sale, the vice president now owns 6,681 shares in the company, valued at $261,360.72. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by company insiders.
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.
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