Distribution Solutions Group (DSGR) Set to Announce Earnings on Thursday

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) will announce its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.08. Distribution Solutions Group had a negative net margin of 1.25% and a positive return on equity of 7.42%. The firm had revenue of $439.54 million during the quarter, compared to the consensus estimate of $437.40 million. During the same quarter in the previous year, the firm posted $0.26 EPS. On average, analysts expect Distribution Solutions Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Distribution Solutions Group Price Performance

Shares of NASDAQ DSGR traded down $0.39 during midday trading on Tuesday, reaching $39.57. The company's stock had a trading volume of 21,657 shares, compared to its average volume of 52,665. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 2.50. The company has a market cap of $1.85 billion, a P/E ratio of -95.29 and a beta of 0.97. The business's 50 day moving average price is $37.57 and its two-hundred day moving average price is $34.38. Distribution Solutions Group has a fifty-two week low of $22.91 and a fifty-two week high of $41.47.

Analysts Set New Price Targets

Several equities analysts have weighed in on DSGR shares. Stephens reaffirmed an "overweight" rating and issued a $42.00 price objective on shares of Distribution Solutions Group in a report on Monday, August 5th. Barrington Research upped their price objective on shares of Distribution Solutions Group from $40.00 to $43.00 and gave the stock an "outperform" rating in a research report on Monday, August 19th.

Distribution Solutions Group Company Profile

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.