For its third fiscal quarter (ending September 30), DXP Enterprises Inc (NASDAQ: DXPE) has reported a 37% increase in E.P.S. from $0.98 a year ago to $1.34 in the current quarter. E.P.S. were $4.07 for the latest four quarters through September 30 versus $3.47 for the same period a year ago — an increase of 17%.
Recent Price Action
DXP Enterprises Inc (NASDAQ: DXPE) stock increased 1.1% on 11/4/24. The shares closed at $50.92. Trading volume in this advance was normal. The stock has been strong relative to the market over the last nine months and has risen 5.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, DXPE is expected to continue to be an important Value Builder.
DXP Enterprises has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. DXP Enterprises has a neutral Appreciation Score of 52 but a good Power Rating of 80, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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