DXP Enterprises (NASDAQ:DXPE) Issues Earnings Results, Beats Estimates By $0.48 EPS

Posted by Jessica Moore on Nov 5th, 2024

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

DXP Enterprises Stock Performance

NASDAQ DXPE traded up $6.85 during trading on Tuesday, reaching $57.77. 50,884 shares of the company’s stock were exchanged, compared to its average volume of 103,109. DXP Enterprises has a fifty-two week low of $28.82 and a fifty-two week high of $59.46. The stock has a market capitalization of $912.19 million, a P/E ratio of 16.76 and a beta of 1.60. The business has a 50 day moving average price of $51.63 and a 200-day moving average price of $50.15. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.39 and a quick ratio of 1.92.

Insider Activity at DXP Enterprises

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

About DXP Enterprises

(Get Free Report)

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).