NASDAQ:DXPE

DXP Enterprises (DXPE) Stock Forecast, Price & News

$34.85

+0.31 (+0.90%)

(As of 09/25/2023 ET)

Compare

Today's Range: $34.29
▼
$35.33
50-Day Range: $32.08
▼
$39.34
52-Week Range: $22.06
▼
$39.89

Volume: 41,456 shs
Average Volume: 99,349 shs
Market Capitalization: $583.04 million

P/E Ratio: 11.43
Dividend Yield: N/A
Price Target: $55.00

DXP Enterprises MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 57.8% Upside
$55.00 Price Target
Short Interest: Bearish
3.89% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.55
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 6.94%
From $3.89 to $4.16 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.46 out of 5 stars

Industrial Products Sector

77th out of 178 stocks

Industrial Machinery & Equipment Industry

4th out of 5 stocks

3.5

Analyst's Opinion

Consensus Rating
DXP Enterprises has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $55.00, DXP Enterprises has a forecasted upside of 57.8% from its current price of $34.85.
Amount of Analyst Coverage
DXP Enterprises has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.89% of the float of DXP Enterprises has been sold short.
Short Interest Ratio / Days to Cover
DXP Enterprises has a short interest ratio ("days to cover") of 4.4.
Change versus previous month
Short interest in DXP Enterprises has recently increased by 13.96%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
DXP Enterprises does not currently pay a dividend.
Dividend Growth
DXP Enterprises does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DXPE.

2.5

News and Social Media Coverage

News Sentiment
DXP Enterprises has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.75 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for DXP Enterprises this week, compared to 1 article on an average week.
MarketBeat Follows
1 people have added DXP Enterprises to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, DXP Enterprises insiders have not sold or bought any company stock.
Percentage Held by Insiders
22.10% of the stock of DXP Enterprises is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
69.09% of the stock of DXP Enterprises is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for DXP Enterprises are expected to grow by 6.94% in the coming year, from $3.89 to $4.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of DXP Enterprises is 11.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.24.
Price to Earnings Ratio vs. Sector
The P/E ratio of DXP Enterprises is 11.43, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.38.
Price to Book Value per Share Ratio
DXP Enterprises has a P/B Ratio of 1.79. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About DXP Enterprises (NASDAQ:DXPE) Stock

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). The SC segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services. It offers a range of MRO products in the rotating equipment, bearing, power transmission, hose, fluid power, metal working, fastener, industrial supply, safety products, and safety services categories. This segment serves customers in the oil and gas, food and beverage, petrochemical, transportation, other general industrial, mining, construction, chemical, municipal, agriculture, and pulp and paper industries. The SCS segment manages procurement and inventory management solutions; and offers outsourced MRO solutions for sourcing MRO products, including inventory optimization and management, store room management, transaction consolidation and control, vendor oversight and procurement cost optimization, productivity improvement, and customized reporting services. Its programs include SmartAgreement, a procurement solution for various MRO categories; SmartBuy, an on-site or centralized MRO procurement solution; SmartSource, an on-site procurement and storeroom management solution; SmartStore, an e-Catalog solution; SmartVend, an industrial dispensing solution; and SmartServ, an integrated service pump solution. The IPS segment fabricates and assembles custom-made pump packages; remanufactures pumps; and manufactures branded private label pumps. The company was founded in 1908 and is based in Houston, Texas.

DXPE Price History

30 days | 90 days | 365 days | Advanced Chart

DXPE Stock News Headlines

September 21, 2023 | finance.yahoo.com

With 70% ownership of the shares, DXP Enterprises, Inc. (NASDAQ:DXPE) is heavily dominated by institutional owners

September 20, 2023 | finance.yahoo.com

DXP Enterprises (DXPE) Stock Moves -0.73%: What You Should Know

September 25, 2023 | Behind the Markets (Ad)

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September 20, 2023 | americanbankingnews.com

StockNews.com Upgrades DXP Enterprises (NASDAQ:DXPE) to "Strong-Buy"

September 19, 2023 | finance.yahoo.com

DXP Enterprises (DXPE) Is Attractively Priced Despite Fast-paced Momentum

September 14, 2023 | finance.yahoo.com

DXP Enterprises (DXPE) Gains But Lags Market: What You Should Know

September 7, 2023 | finance.yahoo.com

Returns Are Gaining Momentum At DXP Enterprises (NASDAQ:DXPE)

August 24, 2023 | finance.yahoo.com

How Did DXP Enterprises, Inc.'s (NASDAQ:DXPE) 16% ROE Fare Against The Industry?

September 25, 2023 | Chaikin Analytics (Ad)

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August 11, 2023 | msn.com

Stephens & Co. Maintains DXP Enterprises (DXPE) Overweight Recommendation

August 10, 2023 | finance.yahoo.com

Q2 2023 DXP Enterprises Inc Earnings Call

August 10, 2023 | finance.yahoo.com

DXP Enterprises Second Quarter 2023 Earnings: Misses Expectations

August 9, 2023 | businesswire.com

59,935

August 8, 2023 | finance.yahoo.com

DXP Enterprises, Inc. Reports Second Quarter 2023 Results

August 3, 2023 | finance.yahoo.com

DXP Sets Date for 2023 Second Quarter Earnings Release and Conference Call

July 24, 2023 | finance.yahoo.com

DXP Enterprises (DXPE) Outpaces Stock Market Gains: What You Should Know

July 20, 2023 | finance.yahoo.com

Here's What Could Help DXP Enterprises (DXPE) Maintain Its Recent Price Strength

July 14, 2023 | finance.yahoo.com

DXP Enterprises (DXPE) Gains As Market Dips: What You Should Know

July 4, 2023 | finance.yahoo.com

What Makes DXP Enterprises (DXPE) a Good Fit for 'Trend Investing'

July 3, 2023 | msn.com

DXP Enterprises (DXPE) Shows Fast-paced Momentum But Is Still a Bargain Stock

July 3, 2023 | finance.yahoo.com

New Strong Buy Stocks for July 3rd

June 14, 2023 | msn.com

DXP Enterprises: The Rally Is Alive And Running

May 24, 2023 | finance.yahoo.com

DXP Enterprises, Inc. Appoints David Molero Chief Accounting Officer

May 22, 2023 | finance.yahoo.com

Is Hickok (CRAWA) Stock Undervalued Right Now?

May 17, 2023 | seekingalpha.com

DXPE DXP Enterprises, Inc.

May 17, 2023 | finance.yahoo.com

Are Industrial Products Stocks Lagging CIRCOR International (CIR) This Year?

May 15, 2023 | finance.yahoo.com

Q1 2023 DXP Enterprises Inc Earnings Call

See More Headlines

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DXPE Company Calendar

Last Earnings: 8/08/2023
Today: 9/25/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Industrial machinery & equipment
Sub-Industry: Trading Companies & Distributors
Sector: Industrial Products
Current Symbol: NASDAQ:DXPE
CUSIP: 23337740
CIK: 1020710
Web: www.dxpe.com
Phone: (713) 996-4700
Fax: 713-996-4701
Employees: 1,651
Year Founded: 1908

Price Target and Rating

Average Stock Price Forecast: $55.00
High Stock Price Forecast: $55.00
Low Stock Price Forecast: $55.00
Forecasted Upside/Downside: +56.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.05
Trailing P/E Ratio: 11.53
Forward P/E Ratio: 9.04
P/E Growth: N/A
Net Income: $48.15 million
Net Margins: 3.47%
Pretax Margin: 4.91%
Return on Equity: 16.33%
Return on Assets: 5.92%

Debt

Debt-to-Equity Ratio: 1.11
Current Ratio: 2.45
Quick Ratio: 1.94

Sales & Book Value

Annual Sales: $1.48 billion
Price / Sales: 0.40
Cash Flow: $4.49 per share
Price / Cash Flow: 7.84
Book Value: $19.47 per share
Price / Book: 1.81

Miscellaneous

Outstanding Shares: 16,730,000
Free Float: 13,030,000
Market Cap: $588.56 million
Optionable: Optionable
Beta: 1.90

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Key Executives

Mr. David R. Little (Age 71)
Chairman, Pres & CEO
Comp: $2.2M

Mr. Kent Yee (Age 48)
Sr. VP of Corp. Devel., CFO, Sec. & Director
Comp: $508.89k

Mr. Nicholas Little (Age 41)
Sr. VP & COO
Comp: $510.39k

Mr. Paz Maestas (Age 43)
Sr. VP and Chief Marketing & Technology Officer
Comp: $461.91k

Mr. Christopher T. Gregory (Age 48)
Sr. VP, Chief Information Technology Officer & Chief Information Officer
Comp: $467.99k

Mr. David Molero Santos
VP & Chief Accounting Officer

Mr. Todd Hamlin (Age 51)
Sr. VP of Sales, Service Centers & Innovation Pumping Solutions

Mr. David C. Vinson Sr. (Age 72)
Sr. VP of Operations

Mr. John J. Jeffery (Age 55)
Sr. VP of Supply Chain Services & Marketing

Mr. Wick Stephen Norbert
VP & Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

DXPE Stock - Frequently Asked Questions

Should I buy or sell DXP Enterprises stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DXP Enterprises in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" DXPE shares.
View DXPE analyst ratings or view top-rated stocks.
What is DXP Enterprises' stock price forecast for 2023?: 1 Wall Street research analysts have issued twelve-month target prices for DXP Enterprises' stock. Their DXPE share price forecasts range from $55.00 to $55.00. On average, they anticipate the company's share price to reach $55.00 in the next twelve months. This suggests a possible upside of 56.3% from the stock's current price.
View analysts price targets for DXPE or view top-rated stocks among Wall Street analysts.
How have DXPE shares performed in 2023?: DXP Enterprises' stock was trading at $27.55 at the start of the year. Since then, DXPE shares have increased by 27.7% and is now trading at $35.18.
View the best growth stocks for 2023 here.
Are investors shorting DXP Enterprises?: DXP Enterprises saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 531,300 shares, an increase of 14.0% from the August 15th total of 466,200 shares. Based on an average daily trading volume, of 119,900 shares, the short-interest ratio is presently 4.4 days. Approximately 3.9% of the company's shares are sold short.
View DXP Enterprises' Short Interest.
When is DXP Enterprises' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our DXPE earnings forecast.
How were DXP Enterprises' earnings last quarter?: DXP Enterprises, Inc. (NASDAQ:DXPE) issued its quarterly earnings results on Tuesday, August, 8th. The industrial products company reported $1.06 earnings per share for the quarter. The industrial products company earned $428.04 million during the quarter. DXP Enterprises had a trailing twelve-month return on equity of 16.33% and a net margin of 3.47%.
What ETFs hold DXP Enterprises' stock?: ETFs with the largest weight of DXP Enterprises (NASDAQ:DXPE) stock in their portfolio include Invesco S&P SmallCap 600 Pure Value ETF (RZV) and First Trust Dow Jones Select Microcap Index Fund (FDM).iShares US Small Cap Value Factor ETF (SVAL).
What is David R. Little's approval rating as DXP Enterprises' CEO?: 108 employees have rated DXP Enterprises Chief Executive Officer David R. Little on Glassdoor.com. David R. Little has an approval rating of 62% among the company's employees. This puts David R. Little in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of DXP Enterprises own?: Based on aggregate information from My MarketBeat watchlists, some companies that other DXP Enterprises investors own include Actinium Pharmaceuticals (ATNM), Delcath Systems (DCTHD), General Electric (GE), Gilead Sciences (GILD), Pfizer (PFE), Seadrill (SDRL), Exelixis (EXEL), General Motors (GM), Groupon (GRPN) and KeyCorp (KEY).
What is DXP Enterprises' stock symbol?: DXP Enterprises trades on the NASDAQ under the ticker symbol "DXPE."
Who are DXP Enterprises' major shareholders?: DXP Enterprises' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.60%), Dimensional Fund Advisors LP (6.09%), State Street Corp (3.41%), Mirae Asset Global Investments Co. Ltd. (2.69%), Geode Capital Management LLC (1.72%) and Charles Schwab Investment Management Inc. (1.45%). Insiders that own company stock include Christopher T Gregory, David C Vinson, David R Little, Kent Nee Hung Yee, Paz Maestas and Todd Hamlin.
View institutional ownership trends.
How do I buy shares of DXP Enterprises?: Shares of DXPE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is DXP Enterprises' stock price today?: One share of DXPE stock can currently be purchased for approximately $35.18.
How much money does DXP Enterprises make?: DXP Enterprises (NASDAQ:DXPE) has a market capitalization of $588.56 million and generates $1.48 billion in revenue each year. The industrial products company earns $48.15 million in net income (profit) each year or $3.05 on an earnings per share basis.
How many employees does DXP Enterprises have?: The company employs 1,651 workers across the globe.
Does DXP Enterprises have any subsidiaries?: The following companies are subsidiares of DXP Enterprises: Alaska Pump & Supply Inc, Application Specialties Inc, Austin and Denholm Industrial Sales Alberta, B27 LLC, Best Equipment Service and Sales Company LLC, Best Holdings LLC, Cortech Engineering, DXP Canada Enterprises Ltd., DXP Holdings Inc., HSE Integrated Ltd, IPS, Integrated Flow Solutions LLC, Jerzy Supply, Machinery Tooling & Supply LLC, Natpro, PMI Investment LLC, PMI Operating Company Ltd., Pump – PMI LLC, Tool Supply, Tool-Tech Industrial Machine & Supply, Tucker Tool Co., and Turbo Machinery Repair Inc.
Read More
How can I contact DXP Enterprises?: DXP Enterprises' mailing address is 5301 Hollister, Houston TX, 77040. The official website for the company is www.dxpe.com. The industrial products company can be reached via phone at (713) 996-4700 or via fax at 713-996-4701.

This page (NASDAQ:DXPE) was last updated on 9/25/2023 by MarketBeat.com Staff

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