Drilling Tools International Co. (NASDAQ:DTI – Free Report) – Equities research analysts at Sidoti Csr dropped their FY2025 EPS estimates for Drilling Tools International in a research report issued on Thursday, May 15th. Sidoti Csr analyst S. Ferazani now expects that the company will post earnings per share of $0.08 for the year, down from their previous forecast of $0.15. The consensus estimate for Drilling Tools International’s current full-year earnings is $0.38 per share. Sidoti Csr also issued estimates for Drilling Tools International’s Q1 2026 earnings at $0.02 EPS, Q2 2026 earnings at $0.03 EPS, Q3 2026 earnings at $0.05 EPS and Q4 2026 earnings at $0.06 EPS.
Drilling Tools International Price Performance
Shares of NASDAQ:DTI opened at $2.55 on Friday. The business’s 50 day simple moving average is $2.25 and its 200-day simple moving average is $2.94. The firm has a market capitalization of $90.76 million, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 0.90 and a beta of -0.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 0.99. Drilling Tools International has a 12 month low of $1.43 and a 12 month high of $6.36.
Drilling Tools International declared that its Board of Directors has initiated a stock buyback program on Tuesday, May 13th that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the company to purchase up to 10.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Institutional Investors Weigh In On Drilling Tools International
Institutional investors have recently modified their holdings of the company. Rhumbline Advisers boosted its stake in shares of Drilling Tools International by 42.8% during the 4th quarter. Rhumbline Advisers now owns 12,689 shares of the company’s stock worth $41,000 after acquiring an additional 3,806 shares in the last quarter. Barclays PLC boosted its stake in shares of Drilling Tools International by 414.6% during the 3rd quarter. Barclays PLC now owns 16,730 shares of the company’s stock worth $62,000 after acquiring an additional 13,479 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Drilling Tools International by 189.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,241 shares of the company’s stock worth $75,000 after acquiring an additional 13,249 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Drilling Tools International during the 4th quarter worth approximately $52,000. Finally, Global Retirement Partners LLC boosted its stake in shares of Drilling Tools International by 7.5% during the 4th quarter. Global Retirement Partners LLC now owns 80,079 shares of the company’s stock worth $262,000 after acquiring an additional 5,574 shares in the last quarter. Hedge funds and other institutional investors own 2.79% of the company’s stock.
Drilling Tools International Company Profile
Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.
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