DXP Enterprises (DXPE) Receiving Somewhat Favorable News Coverage, Study Finds
News headlines about DXP Enterprises (NASDAQ:DXPE) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. DXP Enterprises earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.2863920918495 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
DXP Enterprises (NASDAQ DXPE) opened at $34.68 on Tuesday. The stock has a market capitalization of $599.67, a PE ratio of 35.18 and a beta of 2.65. DXP Enterprises has a 52-week low of $24.86 and a 52-week high of $42.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.51 and a quick ratio of 1.79.
DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.06). The company had revenue of $251.90 million during the quarter, compared to analyst estimates of $250.42 million. DXP Enterprises had a net margin of 1.83% and a return on equity of 6.87%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 EPS. equities analysts expect that DXP Enterprises will post 0.67 earnings per share for the current fiscal year.
In related news, insider Kent Nee Hung Yee sold 2,200 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $29.69, for a total value of $65,318.00. Following the sale, the insider now owns 40,984 shares of the company’s stock, valued at approximately $1,216,814.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Todd Hamlin sold 2,500 shares of the business’s stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $29.68, for a total value of $74,200.00. Following the completion of the transaction, the vice president now owns 23,446 shares of the company’s stock, valued at $695,877.28. The disclosure for this sale can be found here. Insiders sold a total of 34,200 shares of company stock worth $1,010,218 in the last ninety days. 9.60% of the stock is owned by corporate insiders.
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About DXP Enterprises
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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