Distribution Solutions Group (NASDAQ:DSGR) Issues Quarterly Earnings Results

Distribution Solutions Group (NASDAQ:DSGR) posted its quarterly earnings results on Thursday. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.28, FiscalAI reports. The firm had revenue of $573.62 million for the quarter, compared to analyst estimates of $558.60 million. Distribution Solutions Group had a net margin of 0.44% and a return on equity of 9.33%.

Distribution Solutions Group Stock Performance

NASDAQ DSGR opened at $34.96 on Friday. The firm has a 50-day moving average of $34.93 and a 200-day moving average of $30.40. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.39 and a current ratio of 2.54. The stock has a market cap of $1.62 billion, a PE ratio of 184.05 and a beta of 0.54. Distribution Solutions Group has a 52-week low of $19.02 and a 52-week high of $35.29.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DSGR. Zacks Research raised shares of Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Stephens set a $35.00 target price on shares of Distribution Solutions Group in a report on Thursday, July 16th. Barrington Research set a $35.00 target price on shares of Distribution Solutions Group and gave the company a “market perform” rating in a research note on Friday, July 17th. Finally, Weiss Ratings upgraded shares of Distribution Solutions Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Four analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $35.00.

About Distribution Solutions Group

Distribution Solutions Group, Inc (NASDAQ:DSGR) is a specialty distribution company that supplies maintenance, repair, operating and production-related products to industrial and commercial customers. Its offerings include fasteners, cutting tools, safety products, electrical and electronic components, automation supplies, and other products used to maintain facilities and manufacturing operations.

The company serves customers through several specialized distribution businesses, including Lawson Products, Gexpro Services, and TestEquity.