Q1 2024 Earnings Estimate for DMC Global Inc. (NASDAQ:BOOM) Issued By Roth Capital

DMC Global Inc. (NASDAQ:BOOM - Free Report) - Equities researchers at Roth Capital cut their Q1 2024 earnings per share estimates for shares of DMC Global in a report issued on Thursday, May 2nd. Roth Capital analyst G. Sweeney now expects that the industrial products company will earn $0.18 per share for the quarter, down from their prior estimate of $0.20. The consensus estimate for DMC Global's current full-year earnings is $1.52 per share. Roth Capital also issued estimates for DMC Global's Q3 2024 earnings at $0.58 EPS and FY2024 earnings at $1.66 EPS.

DMC Global (NASDAQ:BOOM - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.07). DMC Global had a return on equity of 9.14% and a net margin of 3.29%. The company had revenue of $174.04 million during the quarter, compared to the consensus estimate of $170.80 million. During the same period in the previous year, the company earned $0.22 earnings per share.

BOOM has been the topic of several other reports. StockNews.com raised shares of DMC Global from a "hold" rating to a "buy" rating in a research report on Thursday, April 4th. Stifel Nicolaus cut their price target on DMC Global from $28.00 to $27.00 and set a "buy" rating for the company in a report on Tuesday, February 27th.

DMC Global Stock Down 16.8 %

DMC Global stock traded down $2.75 on Friday, hitting $13.64. 812,845 shares of the stock traded hands, compared to its average volume of 243,747. DMC Global has a 1 year low of $13.56 and a 1 year high of $27.16. The firm has a market cap of $269.94 million, a P/E ratio of 13.80 and a beta of 1.59. The business's fifty day simple moving average is $17.64 and its 200 day simple moving average is $17.59. The company has a current ratio of 2.58, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25.

Institutional Trading of DMC Global

A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its stake in shares of DMC Global by 82.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company's stock worth $25,000 after acquiring an additional 606 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in DMC Global during the 1st quarter worth $26,000. New York State Teachers Retirement System acquired a new stake in DMC Global during the 3rd quarter worth approximately $42,000. Covestor Ltd purchased a new position in DMC Global during the 3rd quarter worth $50,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of DMC Global by 722.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,971 shares of the industrial products company's stock valued at $75,000 after buying an additional 3,488 shares in the last quarter. Institutional investors and hedge funds own 77.63% of the company's stock.

DMC Global Company Profile

DMC Global Inc provides a suite of engineered products and various solutions for the construction, energy, industrial processing, and transportation markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building products, including exterior and interior framing systems, curtain walls, windows, doors, and interior partitions; architectural components, architectural framing systems, entrance systems, and sun control products; sliding and glazing systems; and thermally broken steel, aluminum windows and doors, and wood doors and windows.