What is Sidoti's Forecast for DTI FY2027 Earnings?

Key Points

• Sidoti lowered its FY2027 EPS forecast for Drilling Tools International to $0.16 from $0.30, though that remains above the current-year consensus estimate of $0.04.
• Analyst sentiment is weak: DTI has an average “Reduce” rating, with two Hold ratings and one Sell rating, and a consensus price target of $2.80.
• DTI recently missed quarterly expectations, reporting a $0.02 per-share loss versus the expected $0.01 loss and revenue of $38.07 million versus the $38.72 million consensus.

Drilling Tools International Corp. (NASDAQ:DTI - Free Report) - Equities researchers at Sidoti decreased their FY2027 earnings per share estimates for Drilling Tools International in a note issued to investors on Thursday, October 15th. Sidoti analyst S. Ferazani now expects that the company will post earnings per share of $0.16 for the year, down from their prior forecast of $0.30. The consensus estimate for Drilling Tools International's current full-year earnings is $0.04 per share.

A number of other brokerages have also recently commented 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. Weiss Ratings downgraded shares of Drilling Tools International from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $2.80 price objective on shares of Drilling Tools International in a report on Sunday, August 9th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $2.80.

Drilling Tools International Stock Performance

Shares of NASDAQ DTI opened at $1.86 on Monday. The stock's 50-day moving average is $2.41 and its 200 day moving average is $2.64. The stock has a market cap of $65.62 million, a price-to-earnings ratio of -20.66, a P/E/G ratio of 5.17 and a beta of -0.61. Drilling Tools International has a 1-year low of $1.61 and a 1-year high of $4.69. The company has a current ratio of 2.18, a quick ratio of 1.58 and a debt-to-equity ratio of 0.40.

Drilling Tools International (NASDAQ:DTI - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). The firm had revenue of $38.07 million during the quarter, compared to analysts' expectations of $38.72 million. Drilling Tools International had a positive return on equity of 0.58% and a negative net margin of 1.97%.

Hedge Funds Weigh In On Drilling Tools International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Private Management Group Inc. purchased a new position in Drilling Tools International in the 2nd quarter worth approximately $3,361,000. Walleye Capital LLC bought a new stake in Drilling Tools International in the first quarter valued at approximately $1,243,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Drilling Tools International during the first quarter valued at approximately $954,000. Bank of America Corp DE boosted its stake in shares of Drilling Tools International by 567,520.0% during the first quarter. Bank of America Corp DE now owns 141,905 shares of the company's stock valued at $614,000 after purchasing an additional 141,880 shares during the period. Finally, BlackRock Inc. purchased a new stake in shares of Drilling Tools International during the second quarter valued at approximately $254,000. 2.79% of the stock is currently owned by institutional investors.

About Drilling Tools International

Drilling Tools International Corp. NASDAQ: DTI is an oilfield services company that provides downhole drilling tools and related equipment to exploration and production companies, drilling contractors and other energy-sector customers. The company's offerings are designed for use in onshore and offshore drilling operations, including applications involving directional drilling, well construction and completion.

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

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