Distribution Solutions Group (NASDAQ:DSGR) Releases Quarterly Earnings Results, Beats Expectations By $0.28 EPS

Distribution Solutions Group (NASDAQ:DSGR) posted its quarterly earnings data on Thursday. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.28, FiscalAI reports. Distribution Solutions Group had a net margin of 0.44% and a return on equity of 9.33%. The company had revenue of $573.62 million for the quarter, compared to the consensus estimate of $558.60 million.

Distribution Solutions Group Stock Down 0.1%

NASDAQ DSGR opened at $34.93 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.39 and a current ratio of 2.54. Distribution Solutions Group has a one year low of $19.02 and a one year high of $35.29. The company has a market capitalization of $1.62 billion, a P/E ratio of 27.13 and a beta of 0.54. The stock has a 50 day moving average price of $34.93 and a 200-day moving average price of $30.43.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barrington Research set a $35.00 price target on shares of Distribution Solutions Group and gave the company a “market perform” rating in a research report on Friday, July 17th. Weiss Ratings upgraded Distribution Solutions Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Stephens set a $35.00 target price on Distribution Solutions Group in a report on Thursday, July 16th. Finally, Zacks Research raised Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Four equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $35.00.

About Distribution Solutions Group

Distribution Solutions Group, Inc (NASDAQ:DSGR) is a specialty distribution company that supplies maintenance, repair, operating and production-related products to industrial and commercial customers. Its offerings include fasteners, cutting tools, safety products, electrical and electronic components, automation supplies, and other products used to maintain facilities and manufacturing operations.

The company serves customers through several specialized distribution businesses, including Lawson Products, Gexpro Services, and TestEquity.