Distribution Solutions Group (NASDAQ:DSGR) Announces Earnings Results

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) posted its earnings results on Thursday. The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.01), Zacks reports. Distribution Solutions Group had a net margin of 0.22% and a return on equity of 10.49%. The firm had revenue of $502.44 million during the quarter, compared to the consensus estimate of $484.43 million.Distribution Solutions Group Price PerformanceDSGR stock traded down $1.05 on Friday, reaching $28.92. The company had a trading volume of 81,484 shares, compared to its average volume of 49,750. Distribution Solutions Group has a 1 year low of $21.87 and a 1 year high of $41.47. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.45 and a current ratio of 2.74. The company's fifty day moving average is $28.12 and its 200 day moving average is $28.59. The company has a market cap of $1.34 billion, a P/E ratio of 321.33 and a beta of 0.59. Wall Street Analyst Weigh InSeparately, Barrington Research dropped their target price on Distribution Solutions Group from $44.00 to $39.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th.View Our Latest Stock Report on DSGRInstitutional Trading of Distribution Solutions GroupA hedge fund recently raised its stake in Distribution Solutions Group stock. Jane Street Group LLC raised its position in Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 214.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,586 shares of the company's stock after purchasing an additional 16,080 shares during the quarter. Jane Street Group LLC owned about 0.05% of Distribution Solutions Group worth $660,000 as of its most recent filing with the Securities and Exchange Commission. 91.64% of the stock is currently owned by institutional investors and hedge funds. About Distribution Solutions Group (Get Free Report)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.Featured ArticlesFive stocks we like better than Distribution Solutions GroupNYSE Stocks Give Investors a Variety of Quality Options Bitcoin and Dividends: A Winning Combo in These 3 ETFsHow to Invest in Biotech StocksIs PG&E an AI Power Play? Why Options Traders Are Betting BigStock Analyst Ratings and Canadian Analyst RatingsMarketBeat Week in Review – 07/28 - 08/01This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Distribution Solutions Group Right Now?Before you consider Distribution Solutions Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Distribution Solutions Group wasn't on the list.While Distribution Solutions Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here