DXP Enterprises Inc (NASDAQ: DXPE) has reported E.P.S. of $0.99 for its fourth fiscal quarter (ending December 31) versus $0.39 for the same period a year ago. For the latest four quarters through December 31, E.P.S. were $4.07 versus $2.58 for the same period a year ago.
Recent Price Action
DXP Enterprises Inc (NASDAQ: DXPE) stock enjoyed a major increase of 14.4% on 3/7/24. The shares closed at $40.10. Moreover, exceptionally high trading volume at 380% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 13.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, DXPE is expected to continue to be an important Value Builder.
DXP Enterprises has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. DXP Enterprises has a neutral Appreciation Score of 52 and a slightly negative Power Rating of 40, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment