DXP Enterprises (DXPE) Getting Somewhat Favorable Media Coverage, Study Shows
News coverage about DXP Enterprises (NASDAQ:DXPE) has trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing 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 news sentiment score of 0.24 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.5833662882196 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
DXP Enterprises (DXPE) traded up 0.443% during midday trading on Friday, reaching $26.075. The company’s stock had a trading volume of 17,586 shares. The firm’s 50-day moving average price is $30.14 and its 200-day moving average price is $34.20. The stock has a market capitalization of $453.73 million, a PE ratio of 30.320 and a beta of 2.63. DXP Enterprises has a 52 week low of $19.61 and a 52 week high of $42.00.
DXP Enterprises (NASDAQ:DXPE) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $250.69 million during the quarter, compared to analyst estimates of $246.15 million. DXP Enterprises had a net margin of 1.58% and a return on equity of 6.15%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. On average, analysts anticipate that DXP Enterprises will post $0.78 earnings per share for the current year.
Several equities research analysts recently commented on DXPE shares. BidaskClub cut DXP Enterprises from a “sell” rating to a “strong sell” rating in a report on Sunday, July 30th. Zacks Investment Research cut DXP Enterprises from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Sidoti reaffirmed a “buy” rating and issued a $49.00 price target (up previously from $47.00) on shares of DXP Enterprises in a report on Wednesday, May 17th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of DXP Enterprises in a report on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. DXP Enterprises currently has an average rating of “Hold” and an average target price of $37.67.
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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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