Press coverage about DXP Enterprises (NASDAQ:DXPE) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. DXP Enterprises earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 46.2237597299479 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of analysts recently issued reports on the company. BidaskClub raised DXP Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research cut DXP Enterprises from a “buy” rating to a “hold” rating in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $37.67.
Shares of DXP Enterprises (NASDAQ DXPE) traded up 0.68% during mid-day trading on Friday, reaching $29.70. The company had a trading volume of 60,519 shares. The stock has a market capitalization of $516.84 million, a P/E ratio of 33.37 and a beta of 2.64. The firm has a 50 day moving average of $27.42 and a 200-day moving average of $33.10. DXP Enterprises has a one year low of $19.61 and a one year high of $42.00.
DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. DXP Enterprises had a return on equity of 6.15% and a net margin of 1.58%. The business had revenue of $250.69 million during the quarter, compared to analyst estimates of $246.15 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. DXP Enterprises’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts forecast that DXP Enterprises will post $0.77 EPS for the current fiscal year.
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DXP Enterprises Company Profile
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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