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Stock impact report

DXP Enterprises: The Upside Potential Is Starting To Look Limited (Rating Downgrade) [Seeking Alpha]

DXP Enterprises, Inc. (DXPE) 
Last dxp enterprises, inc. earnings: 3/6 08:00 am Check Earnings Report
Company Research Source: Seeking Alpha
In my view, DXP Enterprises could book organic revenue growth of close to 10% in 2024, with the EBITDA margin likely to surpass 11%. However, the EV/EBITDA ratio has surpassed 7.5x and the price to tangible book value has rarely been this deep into negative territory. In my view, this could be a good time for investors to trim or close their positions. Microcap Review members get exclusive access to our real-world portfolio. See all our investments here » Introduction In September 2023, I wrote a bullish article on SA about US pump distributor DXP Enterprises ( NASDAQ: DXPE ) in which I said that I expected strong results for the second half of 2023 thanks to high oil prices and that share buybacks could provide a boost for its share price. Well, the company's EBITDA rose by 37.8% year on year to $170.2 million in 2023 while EPS came in at $3.89 as it repurchased 1.7 million shares during the year. With oil prices remaining strong, I think that 2024 is likely to be a good Show less Read more
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