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DXP Enterprises Inc. (DXPE - Snapshot Report) recently reported second quarter results which saw sales rise 6.6% over the year ago period. DXPE has a price-to-sales ratio of just 0.4.

DXP Enterprises distributes pumps, bearings, seals, hoses, fluid power, electrical and industrial supplies.

DXP Enterprises Surprised By 17.7% in the Second Quarter

On July 22, DXP Enterprises reported its second quarter results which beat the Zacks Consensus by 3 cents. Earnings per share were 31 cents.

Net sales rose 15.9% to $167.3 million in the quarter but that included the acquisition of Quadna which was acquired on Apr 1. Excluding the acquisition, sales rose 6.6%.

Sales also increased sequentially, up 13.8%, or, excluding Quadna, up 4.7%.

Zacks Consensus Estimates Rise

In the last 30 days, the 2010 and 2011 Zacks Consensus Estimates have risen by a penny. The 2010 Zacks Consensus is $1.24 per share. That is earnings growth of 55.3%.

1 estimate has moved higher in that time for 2011. The 2011 Zacks Consensus calls for $1.63, or earnings growth of 31.4%.

DXP Enterprises is scheduled to report third quarter results on Nov 9.

Value Fundamentals Still There

With its high growth rates, DXP Enterprises has a super value PEG ratio of just 0.5, which is way lower than its industry at 1.2.

Its forward P/E is 14.8, while not that cheap, is still under the industry average of 15.9. The company also has a price-to-book ratio of 2.4, which is well within the value parameters.

DXP Enterprises is now a Zacks #2 Rank (buy) stock.

Read the June 24, 2010 article.

Update to Previous Value Zacks Rank Buy Stocks

G-III Apparel Group Inc. (GIII) recently revised full year estimates higher after sales soared 39% in the fiscal second quarter. Read the full article.

Arch Chemicals Inc. (ARJ) recently raised full year guidance after it saw strong demand across all its business segments as the global recovery continued. Read the full article.

Really? An airline stock? Republic Airways Holdings Inc. (RJET) is cheap, with a forward P/E of just 8.1. Read the full article.

Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor in charge of the market-beating Zacks Value Trader service. You can follow her at twitter.com/traceyryniec.

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