DXP Enterprises (NASDAQ:DXPE - Get Free Report) posted its quarterly earnings data on Thursday. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $0.89 by $0.49, Zacks reports. DXP Enterprises had a return on equity of 18.74% and a net margin of 3.75%.
Shares of DXP Enterprises stock traded down $4.82 during trading on Thursday, reaching $78.45. The company's stock had a trading volume of 188,560 shares, compared to its average volume of 151,214. The business has a 50 day moving average price of $94.53 and a 200-day moving average price of $72.40. DXP Enterprises has a 12-month low of $36.03 and a 12-month high of $107.06. The company has a market capitalization of $1.23 billion, a P/E ratio of 20.22 and a beta of 1.67. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29.
Several equities research analysts recently weighed in on DXPE shares. StockNews.com downgraded DXP Enterprises from a "buy" rating to a "hold" rating in a report on Friday, December 20th. Stephens lifted their target price on shares of DXP Enterprises from $65.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, November 7th.
Check Out Our Latest Analysis on DXPE
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).
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