DXP Enterprises, Inc. (DXPE) Scheduled to Post Earnings on Monday
DXP Enterprises, Inc. (NASDAQ:DXPE) is set to post its quarterly earnings results on Monday, November 13th. Analysts expect DXP Enterprises to post earnings of $0.19 per share for the quarter.
DXP Enterprises (NASDAQ:DXPE) last announced its earnings results on Thursday, November 2nd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.06). The company had revenue of $251.90 million for the quarter, compared to the consensus estimate of $250.42 million. DXP Enterprises had a net margin of 1.83% and a return on equity of 6.92%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business posted $0.02 EPS. On average, analysts expect DXP Enterprises to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) opened at $26.61 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.56 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $462.80, a price-to-earnings ratio of 27.15 and a beta of 2.73. DXP Enterprises, Inc. has a 52-week low of $24.00 and a 52-week high of $42.00.
Several analysts have issued reports on the company. Zacks Investment Research cut DXP Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. BidaskClub cut DXP Enterprises from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $42.00.
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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