Brokerages forecast that Dmc Global Inc (NASDAQ:BOOM) will post $0.47 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Dmc Global’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.46. Dmc Global reported earnings of $0.49 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 4.1%. The business is expected to report its next quarterly earnings report on Thursday, April 25th.
On average, analysts expect that Dmc Global will report full year earnings of $2.55 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.63. For the next year, analysts anticipate that the firm will post earnings of $3.34 per share, with EPS estimates ranging from $3.06 to $3.50. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Dmc Global.
Dmc Global (NASDAQ:BOOM) last posted its quarterly earnings results on Thursday, February 21st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.10. Dmc Global had a return on equity of 25.65% and a net margin of 9.34%. The business had revenue of $90.30 million for the quarter, compared to analyst estimates of $82.39 million. During the same period last year, the company earned $0.09 EPS. Dmc Global’s revenue for the quarter was up 65.7% compared to the same quarter last year.
A number of equities research analysts have recently weighed in on the company. BidaskClub upgraded Dmc Global from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Zacks Investment Research upgraded Dmc Global from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Tuesday, December 11th. Stifel Nicolaus set a $53.00 price objective on Dmc Global and gave the stock a “buy” rating in a research report on Friday, February 22nd. Sidoti set a $49.00 price objective on Dmc Global and gave the stock a “buy” rating in a research report on Friday, February 22nd. Finally, Roth Capital set a $50.00 price objective on Dmc Global and gave the stock a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $52.00.
BOOM traded down $2.50 on Tuesday, hitting $48.01. 108,252 shares of the company were exchanged, compared to its average volume of 169,181. The firm has a market cap of $715.49 million, a price-to-earnings ratio of 23.19, a PEG ratio of 0.94 and a beta of 0.65. Dmc Global has a 12 month low of $24.95 and a 12 month high of $52.04. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.05 and a quick ratio of 1.26.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 16th. Stockholders of record on Sunday, March 31st will be given a $0.02 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.17%. Dmc Global’s dividend payout ratio is currently 3.86%.
In other news, Director Yvon Pierre Cariou sold 7,607 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $47.56, for a total value of $361,788.92. Following the completion of the sale, the director now directly owns 137,216 shares in the company, valued at $6,525,992.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.20% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of BOOM. Ashford Capital Management Inc. bought a new stake in Dmc Global during the 4th quarter worth about $13,562,000. Norges Bank bought a new position in shares of Dmc Global in the 4th quarter valued at about $4,470,000. Renaissance Technologies LLC boosted its stake in shares of Dmc Global by 32.4% in the 3rd quarter. Renaissance Technologies LLC now owns 407,968 shares of the industrial products company’s stock valued at $16,645,000 after purchasing an additional 99,868 shares during the last quarter. Manatuck Hill Partners LLC boosted its stake in shares of Dmc Global by 41.0% in the 3rd quarter. Manatuck Hill Partners LLC now owns 257,979 shares of the industrial products company’s stock valued at $10,526,000 after purchasing an additional 75,000 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Dmc Global by 935.0% in the 4th quarter. Mackenzie Financial Corp now owns 82,798 shares of the industrial products company’s stock valued at $2,908,000 after purchasing an additional 74,798 shares during the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.
About Dmc Global
DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces and sells explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.
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