DXP Enterprises (DXPE) Set to Announce Quarterly Earnings on Wednesday

DXP Enterprises (NASDAQ:DXPE) will be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Parties that are interested in participating in the company’s conference call can do so using this link.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Thursday, March 7th. The industrial products company reported $1.12 EPS for the quarter. The company had revenue of $407.04 million for the quarter. DXP Enterprises had a net margin of 4.10% and a return on equity of 19.30%. During the same quarter in the prior year, the firm posted $0.50 earnings per share. On average, analysts expect DXP Enterprises to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

DXP Enterprises Stock Performance

NASDAQ DXPE traded up $0.50 during trading on Tuesday, reaching $53.86. The company’s stock had a trading volume of 9,405 shares, compared to its average volume of 78,827. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.43 and a current ratio of 2.89. The firm has a market cap of $857.99 million, a price-to-earnings ratio of 13.75 and a beta of 1.72. DXP Enterprises has a twelve month low of $22.06 and a twelve month high of $57.38. The business’s fifty day moving average price is $49.18 and its 200-day moving average price is $38.43.

Insider Transactions at DXP Enterprises

In other DXP Enterprises news, CMO Paz Maestas sold 10,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $49.14, for a total transaction of $491,400.00. Following the transaction, the chief marketing officer now directly owns 621,723 shares in the company, valued at $30,551,468.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 22.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded shares of DXP Enterprises from a “c+” rating to a “b-” rating in a research note on Thursday, March 14th.

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).