News headlines about DXP Enterprises (NASDAQ:DXPE) have trended somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. DXP Enterprises earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 44.7075204193118 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of DXPE stock traded up $0.44 on Tuesday, hitting $39.52. The stock had a trading volume of 53,100 shares, compared to its average volume of 113,666. The company has a market cap of $686.78 million, a P/E ratio of 45.93 and a beta of 2.35. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.44 and a quick ratio of 1.67. DXP Enterprises has a 12-month low of $24.86 and a 12-month high of $43.21.
DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Tuesday, May 8th. The industrial products company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The company had revenue of $285.94 million during the quarter, compared to analyst estimates of $276.00 million. DXP Enterprises had a net margin of 1.74% and a return on equity of 6.40%. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 earnings per share. research analysts expect that DXP Enterprises will post 1.18 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of DXP Enterprises from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 30th. BidaskClub upgraded shares of DXP Enterprises from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Finally, Stephens set a $48.00 target price on shares of DXP Enterprises and gave the company a “buy” rating in a report on Wednesday, March 21st.
In related news, Director Cletus Davis sold 1,000 shares of the stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $40.03, for a total transaction of $40,030.00. Following the completion of the transaction, the director now owns 16,546 shares in the company, valued at $662,336.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Kent Nee Hung Yee sold 3,175 shares of the stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $39.35, for a total transaction of $124,936.25. Following the transaction, the insider now owns 40,846 shares of the company’s stock, valued at approximately $1,607,290.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,139 shares of company stock valued at $483,196. 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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