DXP Enterprises (DXPE) Expected to Announce Earnings on Thursday

DXP Enterprises (NASDAQ:DXPE) will likely be posting its quarterly earnings results before the market opens on Thursday, March 6th. Analysts expect DXP Enterprises to post earnings of $0.89 per share and revenue of $447.00 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

DXP Enterprises Stock Performance

NASDAQ:DXPE opened at $91.05 on Thursday. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 23.47 and a beta of 1.67. The firm’s fifty day simple moving average is $93.66 and its 200 day simple moving average is $70.95. DXP Enterprises has a twelve month low of $34.99 and a twelve month high of $107.06.

Insider Transactions at DXP Enterprises

In related news, insider Christopher T. Gregory sold 1,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $73.10, for a total transaction of $73,100.00. Following the completion of the sale, the insider now owns 29,606 shares of the company’s stock, valued at $2,164,198.60. This represents a 3.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 22.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DXPE shares. Stephens lifted their price target on shares of DXP Enterprises from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research note 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).