Equities Analysts Offer Predictions for DTI FY2025 Earnings

Drilling Tools International Co. (NASDAQ:DTI - Free Report) - Equities research analysts at Sidoti Csr dropped their FY2025 earnings per share estimates for shares of Drilling Tools International in a research note issued on Monday, April 28th. Sidoti Csr analyst S. Ferazani now anticipates that the company will earn $0.15 per share for the year, down from their previous forecast of $0.28. 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 FY2026 earnings at $0.31 EPS.

Drilling Tools International Price Performance

DTI stock traded up $0.03 during trading on Wednesday, reaching $2.26. The company's stock had a trading volume of 48,695 shares, compared to its average volume of 60,241. The company's fifty day moving average is $2.37 and its 200-day moving average is $3.00. The company has a market capitalization of $80.26 million, a P/E ratio of 8.16, a price-to-earnings-growth ratio of 0.90 and a beta of -0.66. Drilling Tools International has a 1 year low of $1.43 and a 1 year high of $6.36. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 0.15.

Drilling Tools International (NASDAQ:DTI - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.01. The business had revenue of $39.85 million during the quarter, compared to analyst estimates of $38.99 million. Drilling Tools International had a net margin of 5.46% and a return on equity of 15.38%. During the same period in the previous year, the business earned $0.13 EPS.

Institutional Investors Weigh In On Drilling Tools International

Several large investors have recently made changes to their positions in the company. Barclays PLC increased its stake in Drilling Tools International by 414.6% in the 3rd quarter. Barclays PLC now owns 16,730 shares of the company's stock worth $62,000 after acquiring an additional 13,479 shares during the last quarter. Geode Capital Management LLC raised its stake in Drilling Tools International by 31.5% during the third quarter. Geode Capital Management LLC now owns 209,808 shares of the company's stock valued at $783,000 after purchasing an additional 50,236 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Drilling Tools International by 189.5% during the third quarter. JPMorgan Chase & Co. now owns 20,241 shares of the company's stock valued at $75,000 after purchasing an additional 13,249 shares during the last quarter. Soltis Investment Advisors LLC bought a new stake in shares of Drilling Tools International in the 4th quarter worth about $36,000. Finally, Rhumbline Advisers raised its position in shares of Drilling Tools International by 42.8% during the 4th quarter. Rhumbline Advisers now owns 12,689 shares of the company's stock valued at $41,000 after buying an additional 3,806 shares in the last quarter. 2.79% of the stock is owned by institutional investors.

Drilling Tools International Company Profile

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.