Roth Capital Issues Negative Outlook for DMC Global Earnings

DMC Global Inc. (NASDAQ:BOOM) – Equities research analysts at Roth Capital cut their FY2024 earnings per share estimates for shares of DMC Global in a report released on Thursday, November 7th. Roth Capital analyst G. Sweeney now anticipates that the industrial products company will earn ($0.23) per share for the year, down from their prior estimate of $0.28. The consensus estimate for DMC Global’s current full-year earnings is ($0.23) 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.

Several other analysts also recently commented on BOOM. Stifel Nicolaus lowered their price objective 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 issued a $24.00 price target on shares of DMC Global in a research report on Wednesday, July 31st. Finally, StockNews.com downgraded shares of DMC Global from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th.

DMC Global Stock Down 2.6 %

DMC Global stock opened at $9.03 on Monday. The company has a current ratio of 2.37, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. The firm’s fifty day moving average price is $11.66 and its two-hundred day moving average price is $12.75. The firm has a market capitalization of $180.87 million, a price-to-earnings ratio of -1.14 and a beta of 1.66. DMC Global has a 1-year low of $8.60 and a 1-year high of $19.73.

DMC Global (NASDAQ:BOOM) last issued its earnings results on Monday, November 4th. The industrial products company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.40). The firm had revenue of $152.43 million during the quarter, compared to the consensus estimate of $152.00 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. During the same quarter in the prior year, the business earned $0.50 earnings per share.

Institutional Trading of DMC Global

A number of hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new position in DMC Global during the first quarter valued at about $26,000. BNP Paribas Financial Markets grew its position in shares of DMC Global by 68.4% during the 1st quarter. BNP Paribas Financial Markets now owns 9,783 shares of the industrial products company’s stock valued at $191,000 after acquiring an additional 3,974 shares during the period. Empowered Funds LLC increased its stake in shares of DMC Global by 8.0% during the 1st quarter. Empowered Funds LLC now owns 80,335 shares of the industrial products company’s stock worth $1,566,000 after purchasing an additional 5,950 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new position in DMC Global in the first quarter valued at approximately $194,000. Finally, Pacific Ridge Capital Partners LLC increased its position in DMC Global by 15.8% in the first quarter. Pacific Ridge Capital Partners LLC now owns 311,493 shares of the industrial products company’s stock worth $6,071,000 after buying an additional 42,422 shares during the last quarter. 77.63% of the stock is currently owned by institutional investors.

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.