Distribution Solutions Group (NASDAQ:DSGR) Releases Quarterly Earnings Results, Beats Estimates By $0.28 EPS

Distribution Solutions Group (NASDAQ:DSGR) posted its earnings results on Thursday. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.28, FiscalAI reports. The company had revenue of $573.62 million during the quarter, compared to analysts’ expectations of $558.60 million. Distribution Solutions Group had a net margin of 0.44% and a return on equity of 9.33%.

Distribution Solutions Group Stock Performance

Shares of DSGR stock traded down $0.04 on Thursday, hitting $34.98. The company’s stock had a trading volume of 485,843 shares, compared to its average volume of 271,362. Distribution Solutions Group has a fifty-two week low of $19.02 and a fifty-two week high of $35.29. The company has a market capitalization of $1.62 billion, a PE ratio of 184.11 and a beta of 0.54. The stock’s 50 day moving average is $34.93 and its 200-day moving average is $30.40. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.39 and a current ratio of 2.54.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Weiss Ratings upgraded shares of Distribution Solutions Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Barrington Research set a $35.00 price objective on shares of Distribution Solutions Group and gave the stock a “market perform” rating in a research report on Friday, July 17th. Stephens set a $35.00 price objective on Distribution Solutions Group in a report on Thursday, July 16th. Finally, Zacks Research raised Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Four investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Distribution Solutions Group presently has a consensus rating of “Hold” and a consensus target price of $35.00.

About Distribution Solutions Group

Distribution Solutions Group, Inc (NASDAQ:DSGR) is a specialty distribution company that supplies maintenance, repair, operating and production-related products to industrial and commercial customers. Its offerings include fasteners, cutting tools, safety products, electrical and electronic components, automation supplies, and other products used to maintain facilities and manufacturing operations.

The company serves customers through several specialized distribution businesses, including Lawson Products, Gexpro Services, and TestEquity.