DXP Enterprises (DXPE) Receives Coverage Optimism Rating of 0.07
News articles about DXP Enterprises (NASDAQ:DXPE) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. 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 0.07 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 47.1948651021799 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
DXP Enterprises (DXPE) traded up 0.19% during trading on Thursday, hitting $32.10. 29,933 shares of the stock were exchanged. The company has a market cap of $558.57 million, a price-to-earnings ratio of 37.33 and a beta of 2.66. The stock’s 50 day moving average is $29.47 and its 200-day moving average is $33.01. DXP Enterprises has a one year low of $19.61 and a one year high of $42.00.
DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $250.69 million for the quarter, compared to analyst estimates of $246.15 million. DXP Enterprises had a return on equity of 6.15% and a net margin of 1.58%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company earned $0.34 earnings per share. On average, equities research analysts expect that DXP Enterprises will post $0.76 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on DXPE shares. BidaskClub cut shares of DXP Enterprises from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $37.67.
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DXP Enterprises Company Profile
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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