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

DXP Enterprises (NASDAQ:DXPE) will release its earnings data after the market closes on Wednesday, May 8th.

DXP Enterprises (NASDAQ:DXPE) last issued its earnings results on Thursday, March 7th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter. DXP Enterprises had a net margin of 4.10% and a return on equity of 19.30%. The company had revenue of $407.04 million for the quarter. During the same quarter in the prior year, the business posted $0.50 EPS. 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 Trading Up 1.0 %

NASDAQ:DXPE opened at $52.33 on Friday. The company has a 50 day simple moving average of $48.81 and a two-hundred day simple moving average of $38.22. The company has a market cap of $833.62 million, a PE ratio of 13.49 and a beta of 1.72. The company has a current ratio of 2.89, a quick ratio of 2.43 and a debt-to-equity ratio of 1.37. DXP Enterprises has a 12 month low of $22.06 and a 12 month high of $57.38.

Insider Activity at DXP Enterprises

In other DXP Enterprises news, CMO Paz Maestas sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $49.14, for a total transaction of $491,400.00. Following the completion of the sale, the chief marketing officer now directly owns 621,723 shares of the company’s stock, valued at $30,551,468.22. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 22.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded DXP Enterprises from a “c+” rating to a “b-” rating in a research report 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).