Distribution Solutions Group (NASDAQ:DSGR) Issues Earnings Results

Distribution Solutions Group (NASDAQ:DSGR) posted its quarterly earnings data on Thursday. The company reported $0.58 earnings per share for the quarter, beating 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 NASDAQ DSGR traded down $0.04 during trading on Thursday, reaching $34.98. The stock had a trading volume of 485,843 shares, compared to its average volume of 271,362. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.39 and a current ratio of 2.54. The stock has a market cap of $1.62 billion, a PE ratio of 27.15 and a beta of 0.54. Distribution Solutions Group has a one year low of $19.02 and a one year high of $35.29. The firm’s 50 day moving average price is $34.93 and its two-hundred day moving average price is $30.40.

Analyst Ratings Changes

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