Roth Capital Equities Analysts Decrease Earnings Estimates for DMC Global Inc. (NASDAQ:BOOM)

DMC Global Inc. (NASDAQ:BOOM) – Investment analysts at Roth Capital lowered their Q1 2024 earnings estimates for DMC Global in a research note issued on Thursday, May 2nd. Roth Capital analyst G. Sweeney now forecasts that the industrial products company will post earnings per share of $0.18 for the quarter, down from their prior estimate of $0.20. The consensus estimate for DMC Global’s current full-year earnings is $1.52 per share. Roth Capital also issued estimates for DMC Global’s Q3 2024 earnings at $0.58 EPS and FY2024 earnings at $1.66 EPS.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.07). The business had revenue of $174.04 million during the quarter, compared to analyst estimates of $170.80 million. DMC Global had a net margin of 3.29% and a return on equity of 9.14%. During the same quarter in the prior year, the company earned $0.22 earnings per share.

Several other analysts have also commented on BOOM. Stifel Nicolaus lowered their price target on shares of DMC Global from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Tuesday, February 27th. StockNews.com upgraded shares of DMC Global from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th.

DMC Global Stock Down 16.8 %

BOOM stock opened at $13.64 on Friday. The company’s 50 day simple moving average is $17.64 and its 200-day simple moving average is $17.59. The firm has a market capitalization of $269.94 million, a PE ratio of 12.63 and a beta of 1.59. DMC Global has a 12 month low of $13.56 and a 12 month high of $27.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.58 and a quick ratio of 1.27.

Institutional Trading of DMC Global

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of DMC Global in the 3rd quarter valued at $173,000. Bailard Inc. acquired a new position in shares of DMC Global in the 3rd quarter valued at $216,000. New York State Teachers Retirement System purchased a new position in shares of DMC Global in the 3rd quarter valued at $42,000. Panagora Asset Management Inc. raised its stake in shares of DMC Global by 167.8% in the 3rd quarter. Panagora Asset Management Inc. now owns 121,536 shares of the industrial products company’s stock valued at $2,974,000 after acquiring an additional 76,159 shares during the period. Finally, Olympiad Research LP purchased a new position in shares of DMC Global in the 3rd quarter valued at $262,000. Institutional investors and hedge funds own 77.63% of the company’s stock.

About DMC Global

DMC Global Inc provides a suite of engineered products and various solutions for the construction, energy, industrial processing, and transportation markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building products, including exterior and interior framing systems, curtain walls, windows, doors, and interior partitions; architectural components, architectural framing systems, entrance systems, and sun control products; sliding and glazing systems; and thermally broken steel, aluminum windows and doors, and wood doors and windows.