DXP Enterprises (NASDAQ:DXPE) Releases Earnings Results, Beats Estimates By $0.49 EPS

DXP Enterprises (NASDAQ:DXPE) announced its quarterly earnings data on Thursday. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.49, Zacks reports. The business had revenue of $470.91 million for the quarter, compared to analyst estimates of $447.00 million. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%.

DXP Enterprises Stock Up 0.3 %

Shares of DXPE opened at $78.69 on Friday. DXP Enterprises has a 52 week low of $40.21 and a 52 week high of $107.06. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 20.28 and a beta of 1.66. The stock’s 50-day moving average price is $94.36 and its 200-day moving average price is $72.63.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered DXP Enterprises from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

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).