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

DMC Global Inc. (NASDAQ:BOOM) – Analysts at Roth Capital cut their Q1 2024 earnings per share estimates for shares of DMC Global in a note issued to investors on Thursday, May 2nd. Roth Capital analyst G. Sweeney now anticipates 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 data on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.07). The company had revenue of $174.04 million for the quarter, compared to analysts’ expectations 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 previous year, the business posted $0.22 EPS.

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

DMC Global Stock Performance

NASDAQ BOOM opened at $13.64 on Friday. The stock has a 50-day simple moving average of $17.64 and a two-hundred day simple moving average of $17.59. The firm has a market capitalization of $269.94 million, a P/E ratio of 12.63 and a beta of 1.59. DMC Global has a fifty-two week low of $13.56 and a fifty-two week high of $27.16. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 2.58.

Institutional Investors Weigh In On DMC Global

A number of institutional investors have recently modified their holdings of BOOM. PNC Financial Services Group Inc. boosted its holdings in DMC Global by 82.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company’s stock worth $25,000 after buying an additional 606 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in DMC Global in the 1st quarter worth about $26,000. New York State Teachers Retirement System acquired a new stake in DMC Global in the 3rd quarter worth about $42,000. Covestor Ltd acquired a new stake in DMC Global in the 3rd quarter worth about $50,000. Finally, Tower Research Capital LLC TRC boosted its holdings in DMC Global by 722.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,971 shares of the industrial products company’s stock worth $75,000 after buying an additional 3,488 shares during the last quarter. 77.63% of the stock is currently owned by institutional investors and hedge funds.

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.