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

DXP Enterprises (NASDAQ:DXPE) is set to announce its earnings results after the market closes on Thursday, August 8th.

DXP Enterprises (NASDAQ:DXPE) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter. The business had revenue of $412.64 million for the quarter. DXP Enterprises had a return on equity of 17.93% and a net margin of 3.75%. On average, analysts expect DXP Enterprises to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

DXP Enterprises Stock Down 3.2 %

Shares of NASDAQ DXPE opened at $49.97 on Friday. The company has a current ratio of 2.69, a quick ratio of 2.22 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $796.02 million, a PE ratio of 13.88 and a beta of 1.60. The stock’s fifty day simple moving average is $48.29 and its two-hundred day simple moving average is $45.79. DXP Enterprises has a 12-month low of $28.70 and a 12-month high of $57.38.

Insider Transactions at DXP Enterprises

In other news, CMO Paz Maestas sold 4,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $48.14, for a total value of $192,560.00. Following the completion of the sale, the chief marketing officer now owns 621,867 shares of the company’s stock, valued at approximately $29,936,677.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 22.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut DXP Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th.

DXP Enterprises Company Profile

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).