DXP Enterprises (DXPE) to Release Earnings on Monday

DXP Enterprises (NASDAQ:DXPE) will release 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.

DXP Enterprises (NASDAQ:DXPE) last issued its earnings results on Tuesday, August 7th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.36. DXP Enterprises had a net margin of 2.31% and a return on equity of 8.83%. The business had revenue of $311.23 million for the quarter, compared to analysts’ expectations 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.

DXPE stock traded up $0.36 during midday trading on Tuesday, reaching $31.10. 556 shares of the company’s stock traded hands, compared to its average volume of 68,173. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.57 and a quick ratio of 1.74. DXP Enterprises has a 52 week low of $24.89 and a 52 week high of $49.50. The stock has a market capitalization of $553.78 million, a price-to-earnings ratio of 36.09 and a beta of 2.57.

A number of brokerages have issued reports on DXPE. Zacks Investment Research raised shares of DXP Enterprises from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Monday. BidaskClub cut shares of DXP Enterprises from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 23rd. Finally, ValuEngine cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Thursday, October 18th.

In other news, 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 value of $192,000.00. Following the transaction, the vice president now owns 6,563 shares of the company’s stock, valued at $315,024. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kent Nee Hung Yee sold 5,000 shares of the company’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $43.35, for a total transaction of $216,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,000 shares of company stock worth $2,829,250. 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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Earnings History for DXP Enterprises (NASDAQ:DXPE)

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