Sidoti Csr Has Positive Forecast for DTI FY2024 Earnings

Drilling Tools International Co. (NASDAQ:DTI) – Investment analysts at Sidoti Csr lifted their FY2024 EPS estimates for shares of Drilling Tools International in a note issued to investors on Friday, November 15th. Sidoti Csr analyst S. Ferazani now anticipates that the company will earn $0.36 per share for the year, up from their prior estimate 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 dropped their price target on Drilling Tools International from $7.50 to $5.50 and set a “buy” rating for the company in a report on Friday.

Drilling Tools International Trading Down 0.7 %

Shares of NASDAQ:DTI opened at $3.46 on Monday. Drilling Tools International has a 12-month low of $2.43 and a 12-month high of $6.36. The business has a 50 day moving average of $3.60 and a 200-day moving average of $4.63. The company has a quick ratio of 1.50, a current ratio of 1.97 and a debt-to-equity ratio of 0.21. The stock has a market cap of $120.10 million, a PE ratio of 12.18, a P/E/G ratio of 1.05 and a beta of -0.96.

Institutional Trading of Drilling Tools International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers bought a new position in shares of Drilling Tools International during the second quarter worth approximately $49,000. Bank of New York Mellon Corp bought a new position in Drilling Tools International during the 2nd quarter worth $99,000. Woodstock Corp acquired a new position in Drilling Tools International in the 3rd quarter valued at $57,000. Geode Capital Management LLC lifted its position in shares of Drilling Tools International by 31.5% during the 3rd quarter. Geode Capital Management LLC now owns 209,808 shares of the company’s stock valued at $783,000 after acquiring an additional 50,236 shares during the period. Finally, Barclays PLC grew its holdings 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 purchasing an additional 13,479 shares in the last quarter. Institutional investors and hedge funds 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.