Drilling Tools International (NASDAQ:DTI - Get Free Report) issued its earnings results on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.01, Zacks reports. The firm had revenue of $39.85 million for the quarter, compared to analysts' expectations of $38.99 million. Drilling Tools International had a net margin of 5.46% and a return on equity of 15.38%. During the same quarter last year, the company posted $0.13 earnings per share. Drilling Tools International updated its FY 2025 guidance to EPS.
Drilling Tools International Stock Performance
Shares of DTI traded up $0.09 during midday trading on Monday, hitting $2.79. 77,221 shares of the stock traded hands, compared to its average volume of 56,771. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.99 and a current ratio of 1.32. Drilling Tools International has a 1-year low of $2.50 and a 1-year high of $6.36. The business's 50 day moving average price is $3.19 and its two-hundred day moving average price is $3.42. The firm has a market capitalization of $99.30 million, a PE ratio of 9.96, a price-to-earnings-growth ratio of 0.90 and a beta of -0.86.
About Drilling Tools International
(
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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.
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