Distribution Solutions Group (NASDAQ:DSGR) Announces Quarterly Earnings Results

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

Distribution Solutions Group Stock Down 0.1%

NASDAQ:DSGR traded down $0.04 during trading hours on Thursday, hitting $34.98. The stock had a trading volume of 485,843 shares, compared to its average volume of 271,362. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 1.06. Distribution Solutions Group has a 1-year low of $19.02 and a 1-year high of $35.29. The business has a 50 day simple moving average of $34.93 and a two-hundred day simple moving average of $30.40. The company has a market cap of $1.62 billion, a PE ratio of 27.15 and a beta of 0.54.

Analysts Set New Price Targets

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

Distribution Solutions Group Company Profile

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.