Sidoti Brokers Lower Earnings Estimates for DTI

Key Points

• Sidoti cut its Q4 2026 EPS forecast for Drilling Tools International to $0.03 from $0.06. It projects EPS of $0.13 for FY2027 and $0.21 for FY2028.
• DTI reported a quarterly loss of $0.01 per share, missing the $0.04 consensus estimate; revenue of $40.65 million also came in slightly below expectations.
• Analyst sentiment is cautious: MarketBeat reports an average “Reduce” rating and a $2.80 average price target, with two Hold ratings and one Sell rating.

Drilling Tools International Corp. (NASDAQ:DTI - Free Report) - Sidoti dropped their Q4 2026 earnings per share (EPS) estimates for Drilling Tools International in a note issued to investors on Monday, November 9th. Sidoti analyst S. Ferazani now forecasts that the company will post earnings of $0.03 per share for the quarter, down from their prior forecast of $0.06. The consensus estimate for Drilling Tools International's current full-year earnings is $0.04 per share. Sidoti also issued estimates for Drilling Tools International's Q1 2027 earnings at $0.02 EPS, Q3 2027 earnings at $0.03 EPS, Q4 2027 earnings at $0.04 EPS, FY2027 earnings at $0.13 EPS and FY2028 earnings at $0.21 EPS.

A number of other research firms have also recently issued reports on DTI. Zacks Research cut shares of Drilling Tools International from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 9th. Jefferies Financial Group restated a "hold" rating and issued a $2.80 target price on shares of Drilling Tools International in a research report on Sunday, August 9th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Drilling Tools International in a research note on Monday, October 26th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $2.80.

Drilling Tools International Trading Up 10.5%

Shares of Drilling Tools International stock opened at $1.58 on Tuesday. The firm has a market capitalization of $55.74 million, a PE ratio of 150.00, a price-to-earnings-growth ratio of 4.17 and a beta of -0.56. The company has a current ratio of 2.18, a quick ratio of 1.58 and a debt-to-equity ratio of 0.40. The firm's 50 day moving average is $2.13 and its 200 day moving average is $2.81. Drilling Tools International has a 1 year low of $1.35 and a 1 year high of $4.69.

Drilling Tools International (NASDAQ:DTI - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.05). The company had revenue of $40.65 million during the quarter, compared to the consensus estimate of $40.87 million. Drilling Tools International had a positive return on equity of 0.58% and a negative net margin of 1.97%.

Institutional Trading of Drilling Tools International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC acquired a new position in Drilling Tools International during the 2nd quarter worth about $34,000. Bfsg LLC increased its stake in shares of Drilling Tools International by 45.1% in the third quarter. Bfsg LLC now owns 21,265 shares of the company's stock valued at $49,000 after buying an additional 6,610 shares during the period. Engineers Gate Manager LP increased its stake in shares of Drilling Tools International by 129.2% in the second quarter. Engineers Gate Manager LP now owns 37,825 shares of the company's stock valued at $73,000 after buying an additional 21,319 shares during the period. OMERS ADMINISTRATION Corp bought a new position in shares of Drilling Tools International during the first quarter worth about $80,000. Finally, AXQ Capital LP raised its position in shares of Drilling Tools International by 93.5% during the second quarter. AXQ Capital LP now owns 48,048 shares of the company's stock worth $93,000 after acquiring an additional 23,213 shares during the last quarter. 2.79% of the stock is currently owned by institutional investors and hedge funds.

Drilling Tools International Company Profile

Drilling Tools International Corporation NASDAQ: DTI provides rental tools and related services to the oil and gas drilling industry. The company supplies downhole equipment used in drilling, completion and production operations, serving exploration and production companies, drilling contractors and oilfield service providers.

Its product offering includes drill pipe, drill collars, heavy-weight drill pipe, stabilizers, subs, mud motors, drilling jars and other specialized downhole tools.

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