Equities research analysts expect Dmc Global Inc (NASDAQ:BOOM) to report earnings of $0.49 per share for the current quarter, Zacks reports. Two analysts have made estimates for Dmc Global’s earnings. Dmc Global posted earnings per share of $0.22 during the same quarter last year, which suggests a positive year-over-year growth rate of 122.7%. The company is scheduled to announce its next earnings results after the market closes on Thursday, October 25th.
On average, analysts expect that Dmc Global will report full year earnings of $1.89 per share for the current year, with EPS estimates ranging from $1.88 to $1.90. For the next year, analysts forecast that the firm will post earnings of $2.50 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Dmc Global.
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Dmc Global (NASDAQ:BOOM) last posted its quarterly earnings data on Thursday, July 26th. The industrial products company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.03. Dmc Global had a positive return on equity of 16.70% and a negative net margin of 2.25%. The company had revenue of $80.90 million during the quarter, compared to analyst estimates of $74.95 million. During the same quarter last year, the company earned $0.01 EPS. The firm’s revenue for the quarter was up 71.4% on a year-over-year basis.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Dmc Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 26th. Stifel Nicolaus assumed coverage on Dmc Global in a research report on Monday, September 10th. They set a “buy” rating and a $53.00 price objective for the company. TheStreet raised Dmc Global from a “c” rating to a “b-” rating in a research report on Wednesday, September 5th. ValuEngine lowered Dmc Global from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 28th. Finally, Roth Capital set a $58.00 price objective on Dmc Global and gave the company a “buy” rating in a research report on Saturday, July 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Dmc Global currently has a consensus rating of “Buy” and an average price target of $49.75.
BOOM stock traded up $0.55 on Monday, reaching $37.20. 114,432 shares of the company traded hands, compared to its average volume of 117,492. Dmc Global has a one year low of $17.20 and a one year high of $51.05. The company has a quick ratio of 1.30, a current ratio of 2.22 and a debt-to-equity ratio of 0.30. The firm has a market cap of $607.46 million, a PE ratio of 232.50, a price-to-earnings-growth ratio of 1.06 and a beta of 0.43.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Sunday, September 30th will be paid a dividend of $0.02 per share. The ex-dividend date is Thursday, September 27th. This represents a $0.08 annualized dividend and a yield of 0.22%. Dmc Global’s dividend payout ratio is 50.00%.
In other Dmc Global news, insider John Edgar Scheatzle, Jr. sold 1,299 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $41.41, for a total transaction of $53,791.59. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Yvon Pierre Cariou sold 25,000 shares of the stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $42.97, for a total value of $1,074,250.00. Following the sale, the director now owns 144,823 shares in the company, valued at $6,223,044.31. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. purchased a new stake in Dmc Global during the 2nd quarter valued at $135,000. ClariVest Asset Management LLC boosted its stake in shares of Dmc Global by 22,957.1% in the 2nd quarter. ClariVest Asset Management LLC now owns 3,228 shares of the industrial products company’s stock worth $145,000 after buying an additional 3,214 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Dmc Global by 13.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 30,094 shares of the industrial products company’s stock worth $806,000 after buying an additional 3,600 shares during the last quarter. Raymond James & Associates purchased a new position in shares of Dmc Global in the 2nd quarter worth $230,000. Finally, Shepherd Kaplan Krochuk LLC purchased a new position in shares of Dmc Global in the 2nd quarter worth $248,000. Institutional investors and hedge funds own 84.80% of the company’s stock.
About Dmc Global
DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.
Further Reading: Earnings Per Share (EPS) Explained
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