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

DXP Enterprises (NASDAQ:DXPE) released its earnings results on Monday. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate 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 previous year, the company earned $0.93 earnings per share.

DXP Enterprises Stock Performance

Shares of DXPE stock traded up $3.54 during mid-day trading on Wednesday, reaching $65.13. The stock had a trading volume of 29,795 shares, compared to its average volume of 103,516. DXP Enterprises has a one year low of $28.82 and a one year high of $66.00. The firm has a market cap of $1.03 billion, a PE ratio of 17.40 and a beta of 1.60. The firm’s 50 day simple moving average is $51.81 and its 200 day simple moving average is $50.23. The company has a quick ratio of 1.92, a current ratio of 2.39 and a debt-to-equity ratio of 1.35.

Insider Activity

In other DXP Enterprises news, CMO Paz Maestas sold 2,500 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $49.00, for a total value of $122,500.00. Following the sale, the chief marketing officer now owns 619,367 shares of the company’s stock, valued at $30,348,983. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 22.40% of the stock is currently owned by company 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).