Zacks: Brokerages Expect DMC Global Inc. (NASDAQ:BOOM) to Announce -$0.36 EPS

Analysts expect DMC Global Inc. (NASDAQ:BOOMGet Rating) to report earnings per share of ($0.36) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for DMC Global’s earnings, with estimates ranging from ($0.41) to ($0.31). DMC Global reported earnings per share of $0.04 during the same quarter last year, which would suggest a negative year over year growth rate of 1,000%. The company is expected to report its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that DMC Global will report full-year earnings of $0.15 per share for the current financial year, with EPS estimates ranging from ($0.08) to $0.46. For the next year, analysts expect that the company will post earnings of $2.20 per share, with EPS estimates ranging from $1.70 to $2.86. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for DMC Global.

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

A number of research firms have recently issued reports on BOOM. Zacks Investment Research upgraded DMC Global from a “strong sell” rating to a “hold” rating in a research note on Monday, January 3rd. Sidoti reduced their target price 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, StockNews.com began coverage on DMC Global in a report on Thursday, March 31st. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, DMC Global has a consensus rating of “Hold” and a consensus price target of $50.50.

NASDAQ BOOM opened at $23.92 on Friday. The company has a market capitalization of $465.41 million, a PE ratio of -104.00, a price-to-earnings-growth ratio of 9.67 and a beta of 1.16. The company has a current ratio of 2.26, a quick ratio of 1.09 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $31.25 and its 200 day moving average price is $37.13. DMC Global has a twelve month low of $23.70 and a twelve month high of $63.50.

In other news, Director Richard P. Graff sold 1,000 shares of DMC Global stock in a transaction dated Friday, March 18th. The stock was sold at an average price of $34.58, for a total value of $34,580.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley raised 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 valued at $5,990,000 after acquiring an additional 64,769 shares during the last quarter. Maryland State Retirement & Pension System acquired a new position in DMC Global in the 3rd quarter worth $275,000. SG Americas Securities LLC acquired a new position in shares of DMC Global during the 3rd quarter worth about $105,000. Van ECK Associates Corp boosted its stake in shares of DMC Global by 30.4% during the 3rd quarter. Van ECK Associates Corp now owns 762,851 shares of the industrial products company’s stock worth $28,157,000 after buying an additional 177,807 shares during the last quarter. Finally, Monarch Partners Asset Management LLC boosted its stake in shares of DMC Global by 42.3% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 60,506 shares of the industrial products company’s stock worth $2,233,000 after buying an additional 17,986 shares during the last quarter.

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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