$128.85 Million in Sales Expected for DMC Global Inc. (NASDAQ:BOOM) This Quarter

Wall Street brokerages forecast that DMC Global Inc. (NASDAQ:BOOMGet Rating) will announce sales of $128.85 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for DMC Global’s earnings. The highest sales estimate is $129.00 million and the lowest is $128.70 million. DMC Global reported sales of $55.66 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 131.5%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that DMC Global will report full-year sales of $565.30 million for the current financial year, with estimates ranging from $563.60 million to $567.00 million. For the next year, analysts anticipate that the firm will post sales of $647.95 million, with estimates ranging from $618.00 million to $677.90 million. Zacks’ sales calculations are an average based on a survey of research firms that follow DMC Global.

DMC Global (NASDAQ:BOOMGet Rating) last posted its earnings results on Thursday, February 24th. The industrial products company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $71.84 million for the quarter, compared to analyst estimates of $70.60 million. DMC Global had a positive return on equity of 1.11% and a negative net margin of 0.08%. The firm’s revenue was up 25.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.05) EPS.

BOOM has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their target price on DMC Global from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, December 23rd. StockNews.com assumed coverage on DMC Global in a report on Thursday, March 31st. They set a “sell” rating on the stock. Sidoti decreased their price objective on DMC Global from $55.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, March 4th. Finally, Zacks Investment Research raised DMC Global from a “strong sell” rating to a “hold” rating in a report on Monday, January 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $50.50.

Shares of BOOM stock traded down $1.14 during trading on Monday, reaching $26.47. 90,140 shares of the company’s stock were exchanged, compared to its average volume of 143,093. The company has a quick ratio of 1.09, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $515.03 million, a PE ratio of -115.09, a PEG ratio of 9.41 and a beta of 1.16. DMC Global has a twelve month low of $26.07 and a twelve month high of $63.50. The firm’s fifty day moving average price is $32.70 and its 200-day moving average price is $37.69.

In other news, Director Richard P. Graff sold 1,000 shares of the company’s stock in a transaction on Friday, March 18th. The stock was sold at an average price of $34.58, for a total transaction of $34,580.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in BOOM. Morgan Stanley lifted its position in shares of DMC Global by 155.0% during the 2nd quarter. Morgan Stanley now owns 106,557 shares of the industrial products company’s stock worth $5,990,000 after buying an additional 64,769 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in DMC Global by 16.5% in the second quarter. Parametric Portfolio Associates LLC now owns 44,873 shares of the industrial products company’s stock valued at $2,522,000 after purchasing an additional 6,369 shares during the last quarter. Thrivent Financial for Lutherans raised its position in DMC Global by 41.5% in the second quarter. Thrivent Financial for Lutherans now owns 17,885 shares of the industrial products company’s stock valued at $1,005,000 after purchasing an additional 5,243 shares during the last quarter. Maryland State Retirement & Pension System bought a new position in DMC Global in the third quarter valued at about $275,000. Finally, SG Americas Securities LLC bought a new position in DMC Global in the third quarter valued at about $105,000.

About DMC Global (Get Rating)

DMC Global Inc provides a suite of technical products for the energy, industrial, and infrastructure markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building materials, including storefronts and entrances, windows, curtain walls, and interior partitions; architectural components, architectural framing systems, and sun control products; sliding and glazing systems; and engineered steel, aluminum, and wood door and window systems.

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