Distribution Solutions Group (DSGR) to Release Earnings on Thursday

Distribution Solutions Group (NASDAQ:DSGR) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Distribution Solutions Group to post earnings of $0.40 per share for the quarter.

Distribution Solutions Group (NASDAQ:DSGR) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. Distribution Solutions Group had a positive return on equity of 7.42% and a negative net margin of 1.25%. The business had revenue of $439.54 million during the quarter, compared to analysts’ expectations of $437.40 million. During the same period in the previous year, the business earned $0.26 earnings per share. On average, analysts expect Distribution Solutions Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Distribution Solutions Group Price Performance

Shares of NASDAQ:DSGR traded down $0.16 during midday trading on Tuesday, reaching $39.80. 1,524 shares of the company’s stock traded hands, compared to its average volume of 52,569. The company has a market cap of $1.86 billion, a P/E ratio of -94.31 and a beta of 0.97. The company has a fifty day simple moving average of $37.48 and a two-hundred day simple moving average of $34.34. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 2.50. Distribution Solutions Group has a 1 year low of $22.91 and a 1 year high of $41.47.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DSGR. Barrington Research boosted their target price on shares of Distribution Solutions Group from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Stephens reiterated an “overweight” rating and set a $42.00 price objective on shares of Distribution Solutions Group in a research note on Monday, August 5th.

About Distribution Solutions Group

Distribution Solutions Group, Inc, a specialty distribution company, engages in the provision of value-added distribution solutions in North America, Europe, Asia, South America, and the Middle East. The company provides its solutions to the maintenance, repair, and operations (MRO); original equipment manufacturer (OEM); and industrial technology markets.