DXP Enterprises (NASDAQ:DXPE) Announces Earnings Results

Posted by Marion Hillson on Nov 5th, 2024

DXP Enterprises (NASDAQ:DXPE – Get Free Report) released its quarterly earnings data on Monday. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate of $0.95 by $0.48, RTT News reports. The business had revenue of $472.94 million for the quarter. DXP Enterprises had a return on equity of 17.22% and a net margin of 3.57%. During the same quarter in the prior year, the company posted $0.93 EPS.

DXP Enterprises Stock Performance

NASDAQ DXPE traded up $9.91 during mid-day trading on Tuesday, reaching $60.83. 58,295 shares of the stock were exchanged, compared to its average volume of 103,185. The business’s 50 day moving average is $51.63 and its 200-day moving average is $50.15. The company has a market capitalization of $960.51 million, a P/E ratio of 16.76 and a beta of 1.60. DXP Enterprises has a 1 year low of $28.82 and a 1 year high of $60.85. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.92 and a current ratio of 2.39.

Insider Transactions at DXP Enterprises

In other DXP Enterprises news, CMO Paz Maestas sold 2,000 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $53.21, for a total transaction of $106,420.00. Following the completion of the transaction, the chief marketing officer now directly owns 617,367 shares in the company, valued at approximately $32,850,098.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 22.40% of the company’s stock.

DXP Enterprises Company Profile

(Get Free Report)

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).