DXP Enterprises (NASDAQ:DXPE) Announces Quarterly Earnings Results

DXP Enterprises (NASDAQ:DXPE) announced its earnings results on Monday. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $0.95 by $0.48, RTT News reports. DXP Enterprises had a net margin of 3.75% and a return on equity of 19.01%. The company had revenue of $472.94 million during the quarter. During the same quarter in the prior year, the company earned $0.93 EPS.

DXP Enterprises Stock Performance

NASDAQ DXPE traded up $5.42 during trading hours on Thursday, reaching $71.21. 73,560 shares of the company were exchanged, compared to its average volume of 104,218. DXP Enterprises has a 1 year low of $28.82 and a 1 year high of $72.08. The business’s 50 day simple moving average is $52.07 and its 200-day simple moving average is $50.34. The company has a quick ratio of 1.92, a current ratio of 2.39 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $1.12 billion, a P/E ratio of 18.27 and a beta of 1.60.

Insiders Place Their Bets

In other DXP Enterprises news, CMO Paz Maestas sold 2,500 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $49.00, for a total transaction of $122,500.00. Following the completion of the transaction, the chief marketing officer now owns 619,367 shares in the company, valued at $30,348,983. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 22.40% of the company’s stock.

About DXP Enterprises

DXP Enterprises, Inc, together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).