Distribution Solutions Group (NASDAQ:DSGR) Announces Earnings Results

Key Points

• Distribution Solutions Group reported earnings of $0.35 per share for the quarter, missing the analysts' expectations of $0.36 by $0.01.
• The company had a revenue of $502.44 million, surpassing the consensus estimate of $484.43 million.
• In a recent note, Barrington Research lowered their target price for the stock from $44.00 to $39.00 while maintaining an "outperform" rating.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) posted its earnings results on Thursday. The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.01), Zacks reports. Distribution Solutions Group had a net margin of 0.22% and a return on equity of 10.49%. The firm had revenue of $502.44 million during the quarter, compared to the consensus estimate of $484.43 million.

Distribution Solutions Group Price Performance

DSGR stock traded down $1.05 on Friday, reaching $28.92. The company had a trading volume of 81,484 shares, compared to its average volume of 49,750. Distribution Solutions Group has a 1 year low of $21.87 and a 1 year high of $41.47. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.45 and a current ratio of 2.74. The company's fifty day moving average is $28.12 and its 200 day moving average is $28.59. The company has a market cap of $1.34 billion, a P/E ratio of 321.33 and a beta of 0.59.

Wall Street Analyst Weigh In

Separately, Barrington Research dropped their target price on Distribution Solutions Group from $44.00 to $39.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th.

Institutional Trading of Distribution Solutions Group

A hedge fund recently raised its stake in Distribution Solutions Group stock. Jane Street Group LLC raised its position in Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 214.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,586 shares of the company's stock after purchasing an additional 16,080 shares during the quarter. Jane Street Group LLC owned about 0.05% of Distribution Solutions Group worth $660,000 as of its most recent filing with the Securities and Exchange Commission. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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.

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