DXP Enterprises (DXPE) Projected to Post Quarterly Earnings on Wednesday

Key Points

• DXP Enterprises is set to announce its quarterly earnings on August 6th, with analysts projecting earnings of $1.39 per share and revenue of $499 million.
• In the previous quarter, DXP reported an EPS of $1.26, surpassing expectations and highlighting a net margin of 4.27% and return on equity of 20.41%.
• Insider trading activity has seen key executives like CMO Paz Maestas and COO Nicholas Little sell shares recently, with the company's insiders owning 22.70% of the stock.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Wednesday, August 6th. Analysts expect the company to announce earnings of $1.39 per share and revenue of $499.00 million for the quarter.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.20 by $0.06. DXP Enterprises had a net margin of 4.27% and a return on equity of 20.41%. The company had revenue of $476.57 million during the quarter, compared to analysts' expectations of $477.00 million. On average, analysts expect DXP Enterprises to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

DXP Enterprises Stock Performance

Shares of DXPE opened at $113.26 on Friday. DXP Enterprises has a one year low of $45.00 and a one year high of $115.00. The company has a 50-day moving average of $89.77 and a two-hundred day moving average of $89.47. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 23.55 and a beta of 1.16. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.70 and a quick ratio of 2.25.

Insider Activity at DXP Enterprises

In related news, CMO Paz Maestas sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $81.16, for a total transaction of $162,320.00. Following the completion of the sale, the chief marketing officer directly owned 605,737 shares in the company, valued at approximately $49,161,614.92. This trade represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Nicholas Little sold 45,938 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $87.73, for a total transaction of $4,030,140.74. Following the sale, the chief operating officer owned 812,328 shares of the company's stock, valued at approximately $71,265,535.44. This represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,938 shares of company stock valued at $4,690,731. 22.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DXP Enterprises

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DXPE. Royal Bank of Canada raised its position in shares of DXP Enterprises by 29.4% in the first quarter. Royal Bank of Canada now owns 5,071 shares of the industrial products company's stock valued at $417,000 after purchasing an additional 1,153 shares during the period. Millennium Management LLC raised its position in shares of DXP Enterprises by 661.5% in the first quarter. Millennium Management LLC now owns 128,956 shares of the industrial products company's stock valued at $10,608,000 after purchasing an additional 112,021 shares during the period. Finally, Jane Street Group LLC raised its position in shares of DXP Enterprises by 433.8% in the first quarter. Jane Street Group LLC now owns 58,954 shares of the industrial products company's stock valued at $4,850,000 after purchasing an additional 47,909 shares during the period. Institutional investors own 74.82% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of DXP Enterprises from a "buy" rating to a "hold" rating in a report on Friday, May 16th.

About DXP Enterprises

DXP Enterprises, Inc, together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).

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