DMC Global (NASDAQ:BOOM) Issues Quarterly Earnings Results, Beats Estimates By $0.14 EPS

DMC Global (NASDAQ:BOOMGet Rating) announced its quarterly earnings results on Thursday. The industrial products company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.14, MarketWatch Earnings reports. DMC Global had a negative net margin of 0.08% and a positive return on equity of 1.11%. The business had revenue of $138.70 million for the quarter, compared to analysts’ expectations of $129.25 million. During the same quarter last year, the firm earned $0.04 EPS. The firm’s revenue for the quarter was up 149.0% compared to the same quarter last year.

Shares of BOOM stock traded up $4.11 during trading hours on Friday, hitting $25.41. 441,911 shares of the company were exchanged, compared to its average volume of 120,870. The firm has a fifty day simple moving average of $28.45 and a 200 day simple moving average of $35.78. The company has a current ratio of 2.26, a quick ratio of 1.09 and a debt-to-equity ratio of 0.37. DMC Global has a 52-week low of $18.74 and a 52-week high of $63.50.

Several research firms have commented on BOOM. StockNews.com began coverage on shares of DMC Global in a research note on Thursday, March 31st. They issued a “sell” rating for the company. Roth Capital decreased their price objective on shares of DMC Global from $50.00 to $35.00 in a research note on Tuesday. Finally, Sidoti decreased their price objective on shares of DMC Global from $55.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, March 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.33.

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

Several hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in shares of DMC Global by 13.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 12,024 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 1,380 shares during the last quarter. Norges Bank purchased a new stake in shares of DMC Global during the 4th quarter worth approximately $404,000. Barclays PLC increased its stake in shares of DMC Global by 20.3% during the 4th quarter. Barclays PLC now owns 24,277 shares of the industrial products company’s stock worth $962,000 after purchasing an additional 4,096 shares during the last quarter. BlackRock Inc. increased its stake in shares of DMC Global by 5.6% during the 4th quarter. BlackRock Inc. now owns 3,001,644 shares of the industrial products company’s stock worth $118,895,000 after purchasing an additional 159,947 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in DMC Global by 3.0% in the 4th quarter. Wells Fargo & Company MN now owns 50,232 shares of the industrial products company’s stock valued at $1,989,000 after buying an additional 1,475 shares in the last quarter. Institutional investors own 96.59% of the company’s stock.

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.

See Also

Earnings History for DMC Global (NASDAQ:BOOM)

Receive News & Ratings for DMC Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DMC Global and related companies with MarketBeat.com's FREE daily email newsletter.