Analysts expect DXP Enterprises Inc (NASDAQ:DXPE) to announce earnings of $0.65 per share for the current quarter, Zacks reports. Two analysts have provided estimates for DXP Enterprises’ earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.68. DXP Enterprises posted earnings of $0.60 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.3%. The business is scheduled to report its next earnings results on Thursday, March 5th.
According to Zacks, analysts expect that DXP Enterprises will report full year earnings of $2.44 per share for the current financial year, with EPS estimates ranging from $2.33 to $2.54. For the next financial year, analysts forecast that the firm will report earnings of $2.68 per share, with EPS estimates ranging from $2.53 to $2.75. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for DXP Enterprises.
DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.10. DXP Enterprises had a return on equity of 12.86% and a net margin of 3.19%. The business had revenue of $327.18 million during the quarter, compared to analyst estimates of $323.44 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. DXP Enterprises’s revenue for the quarter was up 6.2% on a year-over-year basis.
DXPE has been the topic of a number of recent research reports. Zacks Investment Research downgraded DXP Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub upgraded DXP Enterprises from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, ValuEngine upgraded DXP Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $47.00.
Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new stake in shares of DXP Enterprises in the second quarter worth approximately $26,000. Nisa Investment Advisors LLC raised its holdings in shares of DXP Enterprises by 192.3% in the second quarter. Nisa Investment Advisors LLC now owns 760 shares of the industrial products company’s stock worth $29,000 after buying an additional 500 shares during the period. Royal Bank of Canada raised its holdings in shares of DXP Enterprises by 8.6% in the second quarter. Royal Bank of Canada now owns 5,956 shares of the industrial products company’s stock worth $226,000 after buying an additional 470 shares during the period. Aperio Group LLC raised its holdings in shares of DXP Enterprises by 22.0% in the second quarter. Aperio Group LLC now owns 7,694 shares of the industrial products company’s stock worth $292,000 after buying an additional 1,387 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of DXP Enterprises in the second quarter worth approximately $311,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.
NASDAQ:DXPE traded up $0.06 during mid-day trading on Tuesday, hitting $41.00. 69,400 shares of the company traded hands, compared to its average volume of 77,741. DXP Enterprises has a one year low of $26.95 and a one year high of $45.66. The company has a quick ratio of 1.75, a current ratio of 2.56 and a debt-to-equity ratio of 0.87. The stock’s fifty day moving average price is $34.47 and its 200-day moving average price is $34.88. The firm has a market cap of $634.22 million, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 0.86 and a beta of 2.64.
About DXP Enterprises
DXP Enterprises, Inc engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers in the United States. It operates in three segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services.
Featured Story: What is a Roth IRA?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DXP Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXP Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.