DMC Global (NASDAQ:BOOM) Releases Earnings Results, Beats Expectations By $0.38 EPS

Key Points

• DMC Global beat quarterly expectations, reporting EPS of $0.48 versus the $0.10 consensus estimate and revenue of $172.83 million, above expectations of $161.10 million.
• Despite the earnings beat, shares slipped 0.4% to $5.35 during Tuesday trading. The company remains unprofitable, with a negative net margin of 3.37% and negative return on equity of 6.84%.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $9.00; Stifel Nicolaus raised its target to $8.00 while maintaining a Hold rating.

DMC Global (NASDAQ:BOOM - Get Free Report) issued its quarterly earnings data on Tuesday. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.38, FiscalAI reports. The firm had revenue of $172.83 million during the quarter, compared to the consensus estimate of $161.10 million. DMC Global had a negative return on equity of 6.84% and a negative net margin of 3.37%.

DMC Global Trading Down 0.4%

Shares of BOOM traded down $0.02 during midday trading on Tuesday, hitting $5.35. 1,044,280 shares of the stock were exchanged, compared to its average volume of 261,079. DMC Global has a 52-week low of $4.69 and a 52-week high of $9.20. The stock has a fifty day simple moving average of $6.17 and a 200 day simple moving average of $6.56. The firm has a market cap of $109.89 million, a P/E ratio of -5.75 and a beta of 1.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.19 and a current ratio of 2.56.

Analysts Set New Price Targets

Several research analysts have weighed in on BOOM shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of DMC Global in a research note on Wednesday, August 19th. Wall Street Zen upgraded shares of DMC Global from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Stifel Nicolaus boosted their price target on shares of DMC Global from $7.00 to $8.00 and gave the company a "hold" rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $9.00.

About DMC Global

DMC Global Inc NASDAQ: BOOM is a diversified industrial company that develops and manufactures engineered products for energy, industrial, infrastructure and building markets. The company's operations have included businesses focused on specialty metalworking and architectural building products.

Through its DMC Clad Solutions business, DMC Global supplies explosion-welded clad metals under the NobelClad brand. These products bond dissimilar metals to create corrosion-resistant and structurally capable materials used in chemical processing, oil and gas, power generation, marine, transportation and other industrial applications.

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