Distribution Solutions Group (NASDAQ:DSGR – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.19, FiscalAI reports. Distribution Solutions Group had a net margin of 0.27% and a return on equity of 8.49%. The firm had revenue of $557.73 million for the quarter, compared to analyst estimates of $520.40 million.
Distribution Solutions Group Stock Up 0.2%
DSGR traded up $0.07 during midday trading on Friday, reaching $34.88. 39,962 shares of the company were exchanged, compared to its average volume of 137,476. Distribution Solutions Group has a one year low of $19.02 and a one year high of $35.06. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.39 and a current ratio of 2.63. The company’s fifty day moving average price is $29.75 and its 200 day moving average price is $28.29. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 290.71 and a beta of 0.54.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Weiss Ratings upgraded Distribution Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Zacks Research upgraded Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Barrington Research set a $35.00 price target on shares of Distribution Solutions Group and gave the company a “market perform” rating in a report on Friday, July 17th. Finally, Stephens set a $35.00 price objective on shares of Distribution Solutions Group in a research report on Thursday, July 16th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $35.00.
Hedge Funds Weigh In On Distribution Solutions Group
Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in Distribution Solutions Group by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 915,030 shares of the company’s stock worth $27,522,000 after purchasing an additional 6,882 shares during the last quarter. Nantahala Capital Management LLC grew its position in Distribution Solutions Group by 43.3% during the fourth quarter. Nantahala Capital Management LLC now owns 330,000 shares of the company’s stock valued at $9,039,000 after buying an additional 99,661 shares during the period. First Trust Advisors LP increased its holdings in Distribution Solutions Group by 34.6% during the fourth quarter. First Trust Advisors LP now owns 155,519 shares of the company’s stock worth $4,260,000 after buying an additional 39,974 shares during the last quarter. Blair William & Co. IL bought a new stake in Distribution Solutions Group in the fourth quarter worth about $3,092,000. Finally, Monimus Capital Management LP boosted its stake in Distribution Solutions Group by 13.0% in the second quarter. Monimus Capital Management LP now owns 101,009 shares of the company’s stock valued at $2,775,000 after acquiring an additional 11,590 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.
About Distribution Solutions Group
Distribution Solutions Group, Inc, a specialty distribution company, engages in the provision of value-added distribution solutions in North America, Europe, Asia, South America, and the Middle East. The company provides its solutions to the maintenance, repair, and operations (MRO); original equipment manufacturer (OEM); and industrial technology markets. It operates through three segments: Lawson, Gexpro Services, and TestEquity. The Lawson segment distributes of specialty products and services to the industrial, commercial, institutional, and government MRO market.
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