DXP Enterprises (DXPE) Received Media Effect Rating of 0.21

DXP Enterprises (DXPE) Received Media Effect Rating of 0.21

News coverage about DXP Enterprises (NASDAQ:DXPE) has been trending somewhat positive on Thursday, according to AlphaOne Sentiment. The research group, a division of Accern, identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. DXP Enterprises earned a coverage optimism score of 0.21 on AlphaOne’s scale. AlphaOne also assigned media stories about the industrial products company an impact score of 70 out of 100, meaning that recent media coverage is likely to have an impact on the stock’s share price in the next several days.

Here are some of the media stories that may have impacted AlphaOne Sentiment Analysis’s rankings:

Shares of DXP Enterprises (NASDAQ DXPE) traded up 1.90% on Thursday, reaching $36.51. 148,413 shares of the company’s stock traded hands. DXP Enterprises has a 12-month low of $13.50 and a 12-month high of $42.00. The stock has a 50-day moving average of $36.49 and a 200 day moving average of $35.55. The firm has a market cap of $635.89 million, a P/E ratio of 38.63 and a beta of 2.33.

DXP Enterprises (NASDAQ:DXPE) last issued its earnings results on Monday, May 15th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.14. The firm had revenue of $238.50 million during the quarter, compared to analyst estimates of $230.04 million. DXP Enterprises had a negative net margin of 0.26% and a positive return on equity of 3.61%. The business’s revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.35) earnings per share. On average, equities research analysts expect that DXP Enterprises will post $0.82 earnings per share for the current year.

Several equities research analysts have weighed in on DXPE shares. Zacks Investment Research cut shares of DXP Enterprises from a “buy” rating to a “hold” rating in a research report on Monday, February 6th. Sidoti raised shares of DXP Enterprises from a “neutral” rating to a “buy” rating in a research report on Thursday, March 23rd. Keefe, Bruyette & Woods reissued a “hold” rating on shares of DXP Enterprises in a research report on Friday, March 24th. Finally, KeyCorp reissued a “sector weight” rating on shares of DXP Enterprises in a research report on Friday, May 26th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $41.50.

In other news, VP David C. Vinson sold 3,000 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $39.12, for a total transaction of $117,360.00. Following the completion of the sale, the vice president now directly owns 6,681 shares of the company’s stock, valued at $261,360.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kent Nee Hung Yee sold 4,000 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $37.63, for a total transaction of $150,520.00. Following the sale, the insider now directly owns 40,278 shares of the company’s stock, valued at $1,515,661.14. The disclosure for this sale can be found here. 11.30% of the stock is currently owned by 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:DXPE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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