DXP Enterprises, Inc. (NASDAQ:DXPE) - Investment analysts at KeyCorp issued their Q3 2017 EPS estimates for DXP Enterprises in a research note issued to investors on Wednesday. KeyCorp analyst S. Barger expects that the industrial products company will post earnings per share of $0.23 for the quarter. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for DXP Enterprises’ Q4 2017 earnings at $0.23 EPS.
DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. DXP Enterprises had a return on equity of 6.15% and a net margin of 1.58%. The company had revenue of $250.69 million during the quarter, compared to analyst estimates of $246.15 million. During the same period in the previous year, the company earned $0.34 earnings per share. The company’s quarterly revenue was down 2.2% compared to the same quarter last year.
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DXPE has been the subject of several other reports. BidaskClub cut DXP Enterprises from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Zacks Investment Research raised DXP Enterprises from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Wednesday, April 5th. Finally, Sidoti reissued a “buy” rating and set a $49.00 price target (up from $47.00) on shares of DXP Enterprises in a report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $39.50.
DXP Enterprises (NASDAQ:DXPE) opened at 29.49 on Monday. The firm has a market capitalization of $513.16 million, a price-to-earnings ratio of 34.29 and a beta of 2.67. DXP Enterprises has a one year low of $15.12 and a one year high of $42.00. The stock’s 50 day moving average price is $34.47 and its 200-day moving average price is $35.71.
A number of institutional investors have recently bought and sold shares of DXPE. State Street Corp raised its position in DXP Enterprises by 28.9% in the fourth quarter. State Street Corp now owns 301,101 shares of the industrial products company’s stock worth $10,457,000 after buying an additional 67,438 shares during the period. Teachers Advisors LLC raised its position in DXP Enterprises by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 27,733 shares of the industrial products company’s stock worth $963,000 after buying an additional 1,176 shares during the period. Hennessy Advisors Inc. bought a new position in DXP Enterprises during the first quarter worth approximately $3,961,000. JPMorgan Chase & Co. raised its position in DXP Enterprises by 15.6% in the first quarter. JPMorgan Chase & Co. now owns 551,083 shares of the industrial products company’s stock worth $20,869,000 after buying an additional 74,262 shares during the period. Finally, Bank of New York Mellon Corp raised its position in DXP Enterprises by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 174,941 shares of the industrial products company’s stock worth $6,625,000 after buying an additional 7,941 shares during the period. Hedge funds and other institutional investors own 73.90% of the company’s stock.
In other DXP Enterprises news, VP David C. Vinson sold 3,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $39.12, for a total transaction of $117,360.00. Following the transaction, the vice president now owns 6,681 shares in the company, valued at approximately $261,360.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kent Nee Hung Yee sold 4,000 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $37.63, for a total value of $150,520.00. Following the transaction, the insider now owns 40,278 shares in the company, valued at approximately $1,515,661.14. The disclosure for this sale can be found here. 9.60% of the stock is owned by company insiders.
About DXP Enterprises
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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