DXP Enterprises (NASDAQ:DXPE) Posts Quarterly Earnings Results, Beats Expectations By $0.48 EPS

DXP Enterprises (NASDAQ:DXPE) released its earnings results on Monday. The industrial products company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.48, RTT News reports. The company had revenue of $472.94 million during the quarter. DXP Enterprises had a return on equity of 17.22% and a net margin of 3.57%. During the same quarter in the previous year, the firm earned $0.93 EPS.

DXP Enterprises Stock Performance

Shares of NASDAQ:DXPE opened at $61.59 on Wednesday. The company has a current ratio of 2.39, a quick ratio of 1.92 and a debt-to-equity ratio of 1.35. DXP Enterprises has a 1-year low of $28.82 and a 1-year high of $62.56. The stock has a market capitalization of $972.51 million, a P/E ratio of 17.40 and a beta of 1.60. The business has a 50-day moving average price of $51.81 and a two-hundred day moving average price of $50.23.

Insider Activity

In related news, CMO Paz Maestas sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $49.00, for a total transaction of $122,500.00. Following the completion of the sale, the chief marketing officer now directly owns 619,367 shares of the company’s stock, valued at $30,348,983. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 22.40% of the company’s stock.

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).