Distribution Solutions Group (NASDAQ:DSGR) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Distribution Solutions Group (NASDAQ:DSGR) released its earnings results on Thursday. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09, Zacks reports. Distribution Solutions Group had a return on equity of 8.89% and a net margin of 0.13%.

Distribution Solutions Group Price Performance

DSGR stock traded up $1.35 on Thursday, hitting $29.10. 43,977 shares of the company’s stock traded hands, compared to its average volume of 50,214. The company has a current ratio of 2.81, a quick ratio of 1.55 and a debt-to-equity ratio of 1.03. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 727.06 and a beta of 0.95. Distribution Solutions Group has a 1-year low of $27.58 and a 1-year high of $41.47. The stock has a fifty day moving average of $32.21 and a 200-day moving average of $35.91.

Analyst Upgrades and Downgrades

Separately, Barrington Research boosted their price objective on Distribution Solutions Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th.

Distribution Solutions Group Company Profile

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.