Equities Analysts Issue Forecasts for DMC Global Q3 Earnings

DMC Global Inc. (NASDAQ:BOOM) – Roth Capital cut their Q3 2024 earnings per share (EPS) estimates for DMC Global in a report issued on Tuesday, October 22nd. Roth Capital analyst G. Sweeney now expects that the industrial products company will post earnings per share of ($0.18) for the quarter, down from their prior estimate of $0.25. The consensus estimate for DMC Global’s current full-year earnings is $0.95 per share. Roth Capital also issued estimates for DMC Global’s Q4 2024 earnings at ($0.04) EPS, FY2024 earnings at $0.28 EPS and FY2025 earnings at $0.84 EPS.

DMC Global (NASDAQ:BOOM) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.16. DMC Global had a return on equity of 6.06% and a net margin of 2.29%. The firm had revenue of $171.18 million for the quarter, compared to the consensus estimate of $165.45 million. During the same quarter last year, the business posted $0.72 earnings per share.

Several other research firms have also recently issued reports on BOOM. Stifel Nicolaus cut their target price on DMC Global from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Roth Mkm reissued a “buy” rating and set a $24.00 target price on shares of DMC Global in a research note on Wednesday, July 31st.

DMC Global Stock Performance

Shares of DMC Global stock opened at $9.95 on Thursday. DMC Global has a one year low of $9.70 and a one year high of $19.73. The company has a market cap of $198.82 million, a price-to-earnings ratio of 8.16 and a beta of 1.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.15 and a current ratio of 2.53. The business’s 50 day moving average price is $12.15 and its 200 day moving average price is $13.44.

Institutional Investors Weigh In On DMC Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Steel Partners Holdings L.P. increased its stake in DMC Global by 610.5% during the second quarter. Steel Partners Holdings L.P. now owns 1,973,039 shares of the industrial products company’s stock worth $28,451,000 after acquiring an additional 1,695,336 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of DMC Global by 5.4% in the first quarter. Vanguard Group Inc. now owns 1,259,669 shares of the industrial products company’s stock valued at $24,551,000 after buying an additional 64,677 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of DMC Global by 11.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,055,430 shares of the industrial products company’s stock valued at $15,219,000 after buying an additional 112,138 shares in the last quarter. Kennedy Capital Management LLC grew its stake in shares of DMC Global by 8.5% in the first quarter. Kennedy Capital Management LLC now owns 634,371 shares of the industrial products company’s stock valued at $12,364,000 after buying an additional 49,849 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC grew its stake in shares of DMC Global by 25.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 392,267 shares of the industrial products company’s stock valued at $5,656,000 after buying an additional 80,774 shares in the last quarter. 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.