DXP Enterprises (NASDAQ:DXPE – Get Free Report) announced its earnings results on Monday. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.48, RTT News reports. DXP Enterprises had a net margin of 3.75% and a return on equity of 19.01%. The business had revenue of $472.94 million during the quarter. During the same quarter in the previous year, the firm earned $0.93 earnings per share.
DXP Enterprises Price Performance
Shares of DXPE stock traded up $5.42 during trading hours on Thursday, hitting $71.21. 73,560 shares of the company’s stock were exchanged, compared to its average volume of 104,218. The company has a market capitalization of $1.12 billion, a PE ratio of 18.27 and a beta of 1.60. DXP Enterprises has a 12-month low of $28.82 and a 12-month high of $72.08. The business’s 50 day simple moving average is $52.07 and its 200-day simple moving average is $50.34. The company has a current ratio of 2.39, a quick ratio of 1.92 and a debt-to-equity ratio of 1.35.
Insiders Place Their Bets
In other DXP Enterprises news, CMO Paz Maestas sold 2,000 shares of DXP Enterprises stock in a transaction that occurred 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 transaction, the chief marketing officer now directly owns 617,367 shares of the company’s stock, valued at approximately $32,850,098.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 22.40% of the company’s stock.
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).
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