FY2024 Earnings Forecast for DTI Issued By Sidoti Csr

Drilling Tools International Co. (NASDAQ:DTI) – Analysts at Sidoti Csr raised their FY2024 earnings per share (EPS) estimates for shares of Drilling Tools International in a report released on Friday, November 15th. Sidoti Csr analyst S. Ferazani now anticipates that the company will post earnings per share of $0.36 for the year, up from their previous forecast of $0.33. The consensus estimate for Drilling Tools International’s current full-year earnings is $0.39 per share. Sidoti Csr also issued estimates for Drilling Tools International’s Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.11 EPS and Q4 2025 earnings at $0.07 EPS.

Separately, Alliance Global Partners cut their price target on shares of Drilling Tools International from $7.50 to $5.50 and set a “buy” rating for the company in a research note on Friday.

Drilling Tools International Stock Up 0.3 %

Shares of NASDAQ DTI opened at $3.48 on Monday. The business has a 50-day moving average of $3.60 and a 200-day moving average of $4.64. The firm has a market capitalization of $120.79 million, a price-to-earnings ratio of 12.45, a PEG ratio of 1.05 and a beta of -0.96. The company has a current ratio of 1.97, a quick ratio of 1.50 and a debt-to-equity ratio of 0.21. Drilling Tools International has a 12 month low of $2.43 and a 12 month high of $6.36.

Institutional Investors Weigh In On Drilling Tools International

Hedge funds have recently added to or reduced their stakes in the company. Gendell Jeffrey L purchased a new position in shares of Drilling Tools International during the first quarter worth approximately $35,000. Shaolin Capital Management LLC lifted its stake in Drilling Tools International by 14.0% in the first quarter. Shaolin Capital Management LLC now owns 83,217 shares of the company’s stock worth $250,000 after purchasing an additional 10,204 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Drilling Tools International during the second quarter valued at about $99,000. Rhumbline Advisers bought a new position in shares of Drilling Tools International during the second quarter valued at about $49,000. Finally, Woodstock Corp purchased a new position in shares of Drilling Tools International in the third quarter worth about $57,000. Institutional investors own 2.79% of the company’s stock.

About Drilling Tools International

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.