Sidoti Csr Issues Pessimistic Forecast for DTI Earnings

Key Points

• Sidoti Csr has revised its Q2 2025 earnings per share forecast for Drilling Tools International down to $0.04, from a previous estimate of $0.05, with projected Q3 and Q4 earnings also reduced significantly.
• Wall Street Zen upgraded Drilling Tools International from a "sell" rating to a "hold" rating as of May 22.
• The company has initiated a $10.00 million stock repurchase program, allowing it to buy back up to 10.2% of its outstanding shares, indicating a belief that its stock is undervalued.

Drilling Tools International Corp. (NASDAQ:DTI - Free Report) - Research analysts at Sidoti Csr lowered their Q2 2025 EPS estimates for Drilling Tools International in a report released on Monday, July 28th. Sidoti Csr analyst S. Ferazani now expects that the company will post earnings per share of $0.04 for the quarter, down from their previous forecast of $0.05. The consensus estimate for Drilling Tools International's current full-year earnings is $0.38 per share. Sidoti Csr also issued estimates for Drilling Tools International's Q3 2025 earnings at $0.02 EPS and Q4 2025 earnings at $0.00 EPS.

Separately, Wall Street Zen upgraded shares of Drilling Tools International from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.

Drilling Tools International Stock Down 1.0%

Drilling Tools International stock traded down $0.02 during mid-day trading on Thursday, hitting $2.06. The company had a trading volume of 22,410 shares, compared to its average volume of 33,789. The stock has a market cap of $73.32 million, a price-to-earnings ratio of -41.19, a PEG ratio of 3.08 and a beta of -0.41. Drilling Tools International has a 1 year low of $1.43 and a 1 year high of $5.59. The company has a quick ratio of 1.41, a current ratio of 1.94 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average of $2.75 and a 200 day moving average of $2.69.

Drilling Tools International (NASDAQ:DTI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $42.88 million during the quarter, compared to analysts' expectations of $38.53 million. Drilling Tools International had a negative net margin of 1.11% and a positive return on equity of 7.79%.

Drilling Tools International announced that its board has approved a stock repurchase plan on Tuesday, May 13th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the company to reacquire up to 10.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Drilling Tools International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cresset Asset Management LLC purchased a new position in Drilling Tools International in the 4th quarter valued at $252,000. Northern Trust Corp raised its stake in shares of Drilling Tools International by 6.7% during the 4th quarter. Northern Trust Corp now owns 73,848 shares of the company's stock worth $241,000 after buying an additional 4,639 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Drilling Tools International during the 2nd quarter worth about $139,000. JPMorgan Chase & Co. increased its position in Drilling Tools International by 114.6% during the 4th quarter. JPMorgan Chase & Co. now owns 43,441 shares of the company's stock worth $142,000 after purchasing an additional 23,200 shares in the last quarter. Finally, Perritt Capital Management Inc purchased a new stake in Drilling Tools International during the 4th quarter worth about $114,000. 2.79% of the stock is currently owned by hedge funds and other institutional investors.

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.