Somewhat Positive Media Coverage Somewhat Unlikely to Affect DXP Enterprises (DXPE) Share Price
Media stories about DXP Enterprises (NASDAQ:DXPE) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. DXP Enterprises earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.4724151545725 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of DXP Enterprises (NASDAQ:DXPE) opened at $29.36 on Friday. DXP Enterprises has a fifty-two week low of $24.86 and a fifty-two week high of $42.00. The company has a current ratio of 2.51, a quick ratio of 1.79 and a debt-to-equity ratio of 0.91. The company has a market cap of $524.02, a P/E ratio of 29.96 and a beta of 2.65.
DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.06). DXP Enterprises had a net margin of 1.83% and a return on equity of 6.87%. The firm had revenue of $251.90 million for the quarter, compared to analysts’ expectations of $250.42 million. During the same quarter in the previous year, the company earned $0.02 EPS. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. sell-side analysts forecast that DXP Enterprises will post 0.72 EPS for the current year.
Separately, Zacks Investment Research cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. DXP Enterprises presently has a consensus rating of “Hold” and an average price target of $42.00.
In related news, insider Kent Nee Hung Yee sold 2,200 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $29.69, for a total transaction of $65,318.00. Following the transaction, the insider now owns 40,984 shares in the company, valued at $1,216,814.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 11.30% of the stock is owned by corporate insiders.
About DXP Enterprises
DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.
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