Analysts forecast that DXP Enterprises Inc (NASDAQ:DXPE) will announce $328.45 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for DXP Enterprises’ earnings, with the lowest sales estimate coming in at $326.90 million and the highest estimate coming in at $330.00 million. DXP Enterprises reported sales of $308.03 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.6%. The firm is expected to issue its next quarterly earnings results on Monday, November 4th.

According to Zacks, analysts expect that DXP Enterprises will report full year sales of $1.31 billion for the current fiscal year, with estimates ranging from $1.30 billion to $1.31 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.37 billion, with estimates ranging from $1.36 billion to $1.38 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover DXP Enterprises.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.08. DXP Enterprises had a return on equity of 12.86% and a net margin of 3.19%. The business had revenue of $333.30 million during the quarter, compared to analyst estimates of $331.07 million. During the same period in the previous year, the firm earned $0.61 EPS. DXP Enterprises’s quarterly revenue was up 7.1% compared to the same quarter last year.

A number of research firms have weighed in on DXPE. ValuEngine downgraded DXP Enterprises from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. Zacks Investment Research downgraded DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Jefferies Financial Group began coverage on DXP Enterprises in a research report on Thursday, April 25th. They set a “hold” rating and a $47.00 price target for the company. Stephens set a $47.00 price target on DXP Enterprises and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, Sidoti downgraded DXP Enterprises from a “buy” rating to a “neutral” rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. DXP Enterprises has a consensus rating of “Hold” and an average target price of $47.00.

Several institutional investors have recently made changes to their positions in the company. Nuveen Asset Management LLC acquired a new stake in shares of DXP Enterprises during the second quarter valued at about $8,671,000. Victory Capital Management Inc. boosted its stake in shares of DXP Enterprises by 19.7% during the second quarter. Victory Capital Management Inc. now owns 49,089 shares of the industrial products company’s stock valued at $1,860,000 after purchasing an additional 8,086 shares in the last quarter. Morgan Stanley boosted its stake in shares of DXP Enterprises by 9.5% during the second quarter. Morgan Stanley now owns 90,557 shares of the industrial products company’s stock valued at $3,432,000 after purchasing an additional 7,822 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of DXP Enterprises by 54.8% during the second quarter. AQR Capital Management LLC now owns 20,437 shares of the industrial products company’s stock valued at $774,000 after purchasing an additional 7,236 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of DXP Enterprises by 13.9% during the second quarter. Bank of America Corp DE now owns 20,061 shares of the industrial products company’s stock valued at $760,000 after purchasing an additional 2,447 shares in the last quarter. Institutional investors own 79.37% of the company’s stock.

Shares of DXPE traded down $0.49 on Thursday, hitting $31.62. The company’s stock had a trading volume of 56,300 shares, compared to its average volume of 80,656. The company has a quick ratio of 1.75, a current ratio of 2.56 and a debt-to-equity ratio of 0.87. The firm’s fifty day moving average price is $33.95 and its 200-day moving average price is $36.69. DXP Enterprises has a fifty-two week low of $26.95 and a fifty-two week high of $49.15. The firm has a market capitalization of $564.22 million, a price-to-earnings ratio of 16.30, a P/E/G ratio of 0.77 and a beta of 2.65.

About DXP Enterprises

DXP Enterprises, Inc engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial customers in the United States. It operates in three segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services.

Featured Article: How To Calculate Debt-to-Equity Ratio

Get a free copy of the Zacks research report on DXP Enterprises (DXPE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for DXP Enterprises (NASDAQ:DXPE)

Receive News & Ratings for DXP Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXP Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.