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

DXP Enterprises (NASDAQ:DXPE) announced its quarterly earnings results on Monday. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.48, RTT News reports. The firm had revenue of $472.94 million for the quarter. DXP Enterprises had a return on equity of 17.22% and a net margin of 3.57%. During the same quarter last year, the company earned $0.93 earnings per share.

DXP Enterprises Stock Up 21.0 %

DXPE opened at $61.59 on Wednesday. The firm has a market cap of $972.51 million, a price-to-earnings ratio of 17.40 and a beta of 1.60. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.92 and a current ratio of 2.39. The firm’s 50-day simple moving average is $51.81 and its 200-day simple moving average is $50.23. DXP Enterprises has a twelve month low of $28.82 and a twelve month high of $62.56.

Insider Activity at DXP Enterprises

In other news, CMO Paz Maestas sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $49.00, for a total transaction of $122,500.00. Following the completion of the sale, the chief marketing officer now owns 619,367 shares of the company’s stock, valued at approximately $30,348,983. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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).