Distribution Solutions Group (NASDAQ:DSGR) Releases Earnings Results, Beats Expectations By $0.17 EPS

Distribution Solutions Group (NASDAQ:DSGR) issued its earnings results on Thursday. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.17, FiscalAI reports. The business had revenue of $557.73 million during the quarter, compared to analysts’ expectations of $520.40 million. Distribution Solutions Group had a net margin of 0.44% and a return on equity of 9.35%.

Distribution Solutions Group Stock Up 0.2%

Shares of NASDAQ DSGR opened at $34.88 on Friday. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 183.58 and a beta of 0.54. The company has a quick ratio of 1.39, a current ratio of 2.63 and a debt-to-equity ratio of 1.07. Distribution Solutions Group has a 52-week low of $19.02 and a 52-week high of $35.06. The business’s 50 day moving average is $29.91 and its two-hundred day moving average is $28.34.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Weiss Ratings raised shares of Distribution Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Zacks Research raised shares of Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Barrington Research set a $35.00 target price on Distribution Solutions Group and gave the stock a “market perform” rating in a report on Friday, July 17th. Finally, Stephens set a $35.00 target price on Distribution Solutions Group in a report on Thursday, July 16th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, Distribution Solutions Group currently has a consensus rating of “Hold” and an average target price of $35.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Nantahala Capital Management LLC purchased a new stake in Distribution Solutions Group during the second quarter worth about $5,791,000. Blair William & Co. IL purchased a new position in shares of Distribution Solutions Group in the fourth quarter valued at approximately $3,092,000. Goldman Sachs Group Inc. boosted its stake in shares of Distribution Solutions Group by 364.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 78,365 shares of the company’s stock valued at $2,146,000 after purchasing an additional 61,500 shares during the period. First Trust Advisors LP grew its holdings in shares of Distribution Solutions Group by 95.1% in the third quarter. First Trust Advisors LP now owns 115,545 shares of the company’s stock valued at $3,476,000 after purchasing an additional 56,325 shares in the last quarter. Finally, Ancora Advisors LLC grew its holdings in shares of Distribution Solutions Group by 79.0% in the third quarter. Ancora Advisors LLC now owns 64,700 shares of the company’s stock valued at $1,946,000 after purchasing an additional 28,550 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

About Distribution Solutions Group

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. It operates through three segments: Lawson, Gexpro Services, and TestEquity. The Lawson segment distributes of specialty products and services to the industrial, commercial, institutional, and government MRO market.