Drilling Tools International (NASDAQ:DTI) Issues Quarterly Earnings Results

Key Points

• Mixed quarterly results: Drilling Tools reported EPS of $0.04 and revenue of $38.51M (above the $37.02M estimate) but still showed a negative net margin of -3.93% despite a small positive ROE of 1.12%, indicating profitability pressure.
• Shares slipped to $3.31 (down ~0.3%) with a market cap of $116.5M and a negative PE of -17.42, while liquidity metrics are modest (quick ratio 1.47, current ratio 2.04) and the 12‑month range is $1.43–$4.38.
• Insider activity and sentiment: Insiders sold 35,411 shares (~$137K) in the last 90 days (including a 24,996‑share sale by Michael Wayne Jr. Domino) though they still own 56.5% of the company, and analyst consensus is a "Reduce" rating after recent downgrades.

Drilling Tools International (NASDAQ:DTI - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.04 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $38.51 million for the quarter, compared to analyst estimates of $37.02 million. Drilling Tools International had a positive return on equity of 1.12% and a negative net margin of 3.93%.

Drilling Tools International Stock Down 0.3%

Shares of Drilling Tools International stock traded down $0.01 during trading hours on Thursday, hitting $3.31. 202,135 shares of the company's stock traded hands, compared to its average volume of 228,252. Drilling Tools International has a twelve month low of $1.43 and a twelve month high of $4.38. The company has a market cap of $116.51 million, a PE ratio of -17.42, a PEG ratio of 2.47 and a beta of -0.34. The company has a quick ratio of 1.47, a current ratio of 2.04 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $3.45 and a 200-day simple moving average of $2.69.

Analyst Ratings Changes

A number of research analysts recently weighed in on DTI shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Drilling Tools International in a report on Wednesday, January 21st. Wall Street Zen raised shares of Drilling Tools International to a "hold" rating in a research report on Saturday, January 17th. Finally, Zacks Research downgraded shares of Drilling Tools International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 6th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce".

Insider Buying and Selling

In other Drilling Tools International news, insider Michael Wayne Jr. Domino sold 24,996 shares of the firm's stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $4.00, for a total transaction of $99,984.00. Following the completion of the sale, the insider owned 1,433,054 shares in the company, valued at $5,732,216. This trade represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 35,411 shares of company stock valued at $137,249 over the last ninety days. Corporate insiders own 56.50% of the company's stock.

Institutional Trading of Drilling Tools International

Hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd raised its holdings in Drilling Tools International by 52.3% in the fourth quarter. XTX Topco Ltd now owns 16,026 shares of the company's stock valued at $39,000 after acquiring an additional 5,504 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in Drilling Tools International during the 2nd quarter worth $49,000. Citadel Advisors LLC bought a new stake in Drilling Tools International in the third quarter valued at $55,000. Veradace Capital Management LLC bought a new stake in Drilling Tools International in the 4th quarter valued at about $62,000. Finally, Jane Street Group LLC acquired a new position in Drilling Tools International during the 4th quarter valued at about $69,000. Institutional investors and hedge funds own 2.79% of the company's stock.

About Drilling Tools International

Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.

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