27-Mar-2024
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DXP Enterprises Reports Fourth Quarter and Fiscal 2023 Results
Business Wire (Thu, 7-Mar 9:15 AM ET)
DXP Enterprises, Inc. Announces Acquisition of Pro-Seal, Inc.
Business Wire (Tue, 5-Mar 9:00 AM ET)
DXP Sets Date for 2023 Fourth Quarter and Year End Earnings Release and Conference Call
Business Wire (Mon, 4-Mar 2:43 PM ET)
DXP Enterprises, Inc. Completes Strategic Acquisition
Business Wire (Mon, 8-Jan 6:00 AM ET)
DXP Enterprises Inc is a distributor of products and services to industrial customers in the United States, Canada, Mexico, and Dubai. The company's reportable segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. It generates maximum revenue from the Service Centers segment. The company offers pumping solutions, supply chain services and maintenance, repair, operating and production services for rotating equipment, bearings and power transmissions, industrial supplies and safety products. DXP Enterprises serves the General Industrial, Oil & Gas, Food & Beverage, Water & Wastewater, Chemical, Transportation, Aerospace & Other.
DXP Enterprises trades on the NASDAQ stock market under the symbol DXPE.
As of March 27, 2024, DXPE stock price climbed to $53.91 with 114,140 million shares trading.
DXPE has a beta of 0.71, meaning it tends to be less sensitive to market movements. DXPE has a correlation of 0.04 to the broad based SPY ETF.
DXPE has a market cap of $872.07 million. This is considered a Small Cap stock.
Last quarter DXP Enterprises reported $407 million in Revenue and $1.12 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $1.27.
In the last 3 years, DXPE stock traded as high as $54.31 and as low as $22.06.
The top ETF exchange traded funds that DXPE belongs to (by Net Assets): IJR, PAVE, VTI, IWM, XSVM.
DXPE has outperformed the market in the last year with a price return of +96.5% while the SPY ETF gained +33.6%. DXPE has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +57.0% and +16.3%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
DXPE support price is $50.35 and resistance is $53.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DXPE stock will trade within this expected range on the day.