FY2024 EPS Estimates for DMC Global Reduced by Roth Capital

DMC Global Inc. (NASDAQ:BOOM) – Analysts at Roth Capital cut their FY2024 earnings per share (EPS) estimates for DMC Global in a research note issued on Thursday, November 7th. Roth Capital analyst G. Sweeney now forecasts that the industrial products company will earn ($0.23) per share for the year, down from their previous forecast of $0.28. The consensus estimate for DMC Global’s current full-year earnings is $0.28 per share. Roth Capital also issued estimates for DMC Global’s Q4 2024 earnings at ($0.24) EPS and FY2025 earnings at $0.34 EPS.

DMC Global (NASDAQ:BOOM) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.40). DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. The firm had revenue of $152.43 million for the quarter, compared to the consensus estimate of $152.00 million. During the same period last year, the company posted $0.50 earnings per share.

BOOM has been the topic of several other research reports. Stifel Nicolaus dropped their target price on DMC Global from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. StockNews.com downgraded DMC Global from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Finally, Roth Mkm restated a “buy” rating and set a $24.00 target price on shares of DMC Global in a research report on Wednesday, July 31st.

DMC Global Price Performance

Shares of NASDAQ BOOM opened at $9.27 on Monday. The stock has a fifty day simple moving average of $11.73 and a two-hundred day simple moving average of $12.80. DMC Global has a 1-year low of $8.60 and a 1-year high of $19.73. The firm has a market cap of $185.68 million, a price-to-earnings ratio of -1.17 and a beta of 1.66. The company has a current ratio of 2.37, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28.

Institutional Investors Weigh In On DMC Global

Institutional investors and hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. purchased a new stake in shares of DMC Global in the second quarter worth $25,000. Allspring Global Investments Holdings LLC purchased a new stake in DMC Global during the first quarter valued at about $26,000. CWM LLC raised its position in DMC Global by 1,245.4% during the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 2,553 shares in the last quarter. Quest Partners LLC raised its position in DMC Global by 25.7% during the third quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 1,373 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in DMC Global by 68.4% during the first quarter. BNP Paribas Financial Markets now owns 9,783 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 3,974 shares in the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

DMC Global Company Profile

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.