DXP Enterprises (DXPE) Given News Sentiment Rating of 0.16
Press coverage about DXP Enterprises (NASDAQ:DXPE) has been trending somewhat positive on Sunday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. DXP Enterprises earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 47.3258353778139 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of DXP Enterprises (NASDAQ:DXPE) traded up 1.43% during midday trading on Friday, reaching $26.87. 76,659 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $32.15 and a 200-day moving average of $35.02. DXP Enterprises has a 12-month low of $19.61 and a 12-month high of $42.00. The stock has a market capitalization of $467.56 million, a P/E ratio of 31.24 and a beta of 2.63.
DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $250.69 million during the quarter, compared to analyst estimates of $246.15 million. DXP Enterprises had a net margin of 1.58% and a return on equity of 6.15%. DXP Enterprises’s revenue was down 2.2% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. Analysts anticipate that DXP Enterprises will post $0.78 EPS for the current fiscal year.
A number of brokerages have issued reports on DXPE. Sidoti reaffirmed a “buy” rating and issued a $49.00 price objective (up from $47.00) on shares of DXP Enterprises in a research report on Wednesday, May 17th. Zacks Investment Research raised shares of DXP Enterprises from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Thursday, July 27th. KeyCorp reaffirmed a “sector weight” rating on shares of DXP Enterprises in a research report on Friday, May 26th. Finally, BidaskClub raised shares of DXP Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $39.50.
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In other DXP Enterprises news, insider Kent Nee Hung Yee sold 4,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $37.63, for a total transaction of $150,520.00. Following the completion of the sale, the insider now directly owns 40,278 shares in the company, valued at approximately $1,515,661.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David C. Vinson sold 3,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $39.12, for a total transaction of $117,360.00. Following the sale, the vice president now owns 6,681 shares of the company’s stock, valued at $261,360.72. The disclosure for this sale can be found here. 11.30% of the stock is currently 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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