Distribution Solutions Group (NASDAQ:DSGR) Announces Quarterly 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) released its quarterly earnings data on Thursday. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01), Zacks reports. Distribution Solutions Group had a net margin of 0.22% and a return on equity of 10.51%. The company had revenue of $502.44 million for the quarter, compared to the consensus estimate of $484.43 million.

Distribution Solutions Group Stock Performance

Shares of NASDAQ:DSGR traded down $0.15 on Wednesday, hitting $31.13. 23,390 shares of the company were exchanged, compared to its average volume of 58,367. Distribution Solutions Group has a 1-year low of $21.87 and a 1-year high of $41.47. The stock's 50 day moving average price is $28.23 and its 200 day moving average price is $28.49. The company has a current ratio of 2.59, a quick ratio of 1.36 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $1.44 billion, a P/E ratio of 346.17 and a beta of 0.63.

Analyst Ratings Changes

Separately, Barrington Research reduced their price objective on shares of Distribution Solutions Group from $44.00 to $39.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Distribution Solutions Group stock. Jane Street Group LLC raised its position in Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 214.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,586 shares of the company's stock after buying an additional 16,080 shares during the period. Jane Street Group LLC owned about 0.05% of Distribution Solutions Group worth $660,000 at the end of the most recent quarter. Institutional investors and hedge funds own 91.64% of the company's stock.

Distribution Solutions Group Company Profile

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.