Distribution Solutions Group (NASDAQ:DSGR) Posts Earnings Results, Misses Estimates By $0.02 EPS
by Doug Wharley · The Cerbat GemDistribution Solutions Group (NASDAQ:DSGR – Get Free Report) issued its earnings results on Thursday. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02), FiscalAI reports. Distribution Solutions Group had a net margin of 0.27% and a return on equity of 8.48%. The business had revenue of $496.00 million during the quarter, compared to analysts’ expectations of $489.30 million.
Distribution Solutions Group Stock Up 1.8%
DSGR stock traded up $0.48 during mid-day trading on Friday, hitting $27.54. 71,163 shares of the company were exchanged, compared to its average volume of 111,762. Distribution Solutions Group has a twelve month low of $19.02 and a twelve month high of $33.80. The firm has a fifty day simple moving average of $26.48 and a 200 day simple moving average of $27.89. The company has a current ratio of 2.56, a quick ratio of 1.35 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $1.27 billion, a PE ratio of 153.00 and a beta of 0.56.
Analysts Set New Price Targets
Several research firms recently issued reports on DSGR. Barrington Research reaffirmed an “outperform” rating and set a $35.00 price target on shares of Distribution Solutions Group in a research note on Monday, March 16th. Zacks Research downgraded shares of Distribution Solutions Group from a “hold” rating to a “strong sell” rating in a research note on Friday, March 13th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, Distribution Solutions Group currently has an average rating of “Reduce” and a consensus target price of $35.00.
Get Our Latest Stock Analysis on Distribution Solutions Group
Insider Activity at Distribution Solutions Group
In other Distribution Solutions Group news, Director Robert Zamarripa purchased 14,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average cost of $21.23 per share, with a total value of $297,220.00. Following the acquisition, the director owned 47,105 shares of the company’s stock, valued at approximately $1,000,039.15. This represents a 42.29% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 78.80% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in Distribution Solutions Group by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 915,030 shares of the company’s stock valued at $27,522,000 after purchasing an additional 6,882 shares during the period. Nantahala Capital Management LLC raised its position in shares of Distribution Solutions Group by 43.3% during the 4th quarter. Nantahala Capital Management LLC now owns 330,000 shares of the company’s stock worth $9,039,000 after buying an additional 99,661 shares in the last quarter. First Trust Advisors LP raised its position in shares of Distribution Solutions Group by 34.6% during the 4th 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 in the last quarter. Blair William & Co. IL bought a new stake in shares of Distribution Solutions Group during the 4th quarter worth about $3,092,000. Finally, Monimus Capital Management LP raised its holdings in shares of Distribution Solutions Group by 13.0% in the 2nd quarter. Monimus Capital Management LP now owns 101,009 shares of the company’s stock worth $2,775,000 after purchasing an additional 11,590 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.
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.