Drilling Tools International (DTI) Set to Announce Earnings on Thursday

Drilling Tools International (NASDAQ:DTI - Get Free Report) will be posting its quarterly earnings results before the market opens on Thursday, November 14th. Analysts expect Drilling Tools International to post earnings of $0.06 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Drilling Tools International (NASDAQ:DTI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). The firm had revenue of $37.53 million during the quarter, compared to the consensus estimate of $42.72 million. Drilling Tools International had a net margin of 7.85% and a return on equity of 16.64%. On average, analysts expect Drilling Tools International to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Drilling Tools International Stock Performance

Drilling Tools International stock remained flat at $3.50 during mid-day trading on Thursday. The company had a trading volume of 88,591 shares, compared to its average volume of 48,949. The firm's 50 day moving average is $3.67 and its 200-day moving average is $4.74. The firm has a market cap of $121.49 million, a PE ratio of 8.97, a PEG ratio of 0.97 and a beta of -0.96. Drilling Tools International has a fifty-two week low of $2.43 and a fifty-two week high of $6.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.97 and a quick ratio of 1.50.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners decreased their price objective on shares of Drilling Tools International from $8.50 to $7.50 and set a "buy" rating for the company in a report on Wednesday, August 7th.

About Drilling Tools International

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.