DXP Enterprises (DXPE) Earns News Sentiment Rating of 0.04
Headlines about DXP Enterprises (NASDAQ:DXPE) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. DXP Enterprises earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 47.5506649823712 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of DXP Enterprises (DXPE) opened at $27.06 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.51 and a quick ratio of 1.79. The stock has a market capitalization of $470.62, a PE ratio of 26.90 and a beta of 2.72. DXP Enterprises has a 12-month low of $24.86 and a 12-month high of $42.00.
DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. DXP Enterprises’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.02 EPS. equities research analysts expect that DXP Enterprises will post 0.72 earnings per share for the current fiscal year.
Separately, Zacks Investment Research lowered DXP Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $42.00.
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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