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DXP Enterprises, Inc. Message Board

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  • jad9000 jad9000 Jul 28, 2007 12:45 AM Flag

    Reading those earnings number

    Thanks Hopeful

    My calculations indicate we hit around $.78 per share this quarter. Does this sound rational?

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    • Do you mind sharing your numbers?

      I wrote a post recently that gave some numbers.
      I got .63 as a starting point......based on identical quarter as last time, but with factoring in dilutive and interest savings effects.
      From .63, add for earnings of acquisition from point it occurred in quarter, and then for earnings from whatever organic revenue increase you assume.....I'm assuming gross margin like last time of upper 29s.

      That's my angle....I think .78 might be hard to attain, but DXPE is known for some shockingly good quarters....IMO.

      • 1 Reply to hopeful200
      • Well,I came at it from a bit of a different angle:

        Q over Q revenue over the past few quarters has averaged over 5% so I took 5% as my number. Gross margins were actually 29.82% last quarter and also seem to be rising up toward the industry average of 32%. I chose a 1% increase in gross margin. Then, in calculating interest income, based on $9.5 million new cash, cash on account of $2.5 million and a quarterly increase in cash due to earnings of approximately $2 million - in addition to a 60% decrease in interest expenses - I pretty much zeroed out investment income and interest expense. So,here's what I ended up with:

        Revenue $87,810,000
        Operating Profit $26,240,000
        Pre-tax $ 7,118,000
        After-tax $ 4,338,000
        Shares (avg) 5,559,000
        EPS $.776

        Now, this being said, I also think that they have pricing power, so margins may increase faster than I think. They also seem to be collecting much faster than the last few quarters, so their ratios of receivables vs. payables has changed and it looks like they're cash positions could be even greater than I estimated - which would increase investment income (I est. 5.25% on their cash).

        That's my formula.

    • Jul 28, 2007 (Thomson Financial via COMTEX) --

      Company: DXP Enterprises Inc (NASD:DXPE)

      Actual EPS for FY End (12/2006): 2.08

      Current FY High EPS Estimate: 2.85

      Current FY Low EPS Estimate: 2.59

      Current FY Consensus Estimate: 2.74

      Change from Previous Consensus Estimate: 0.00

      Current P/E Ratio: 16.9

      P/E Ratio for Next FY: 14.1

      Current Industry P/E Ratio: NA

      52 Week High Price: 53.88

      52 Week Low Price: 20.60

15.47-0.88(-5.38%)Jun 24 4:00 PMEDT