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

DXP Enterprises (NASDAQ:DXPE) announced its earnings results on Monday. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate of $0.95 by $0.48, RTT News reports. The business had revenue of $472.94 million during the quarter. DXP Enterprises had a net margin of 3.75% and a return on equity of 19.01%. During the same period in the previous year, the firm posted $0.93 EPS.

DXP Enterprises Stock Performance

Shares of DXP Enterprises stock traded up $4.12 on Thursday, hitting $69.91. The stock had a trading volume of 33,390 shares, compared to its average volume of 103,962. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 16.96 and a beta of 1.60. The company has a quick ratio of 1.92, a current ratio of 2.39 and a debt-to-equity ratio of 1.35. DXP Enterprises has a twelve month low of $28.82 and a twelve month high of $70.11. The business’s 50 day moving average is $52.07 and its two-hundred day moving average is $50.34.

Insider Buying and Selling

In other DXP Enterprises news, CMO Paz Maestas sold 2,000 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $53.21, for a total transaction of $106,420.00. Following the transaction, the chief marketing officer now owns 617,367 shares in the company, valued at $32,850,098.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.40% of the stock is currently owned by insiders.

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).