Drilling Tools International (NASDAQ:DTI) Posts Earnings Results, Beats Expectations By $0.01 EPS

Drilling Tools International (NASDAQ:DTI - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01, Zacks reports. Drilling Tools International had a return on equity of 15.38% and a net margin of 5.46%. The business had revenue of $39.85 million for the quarter, compared to analysts' expectations of $38.99 million. During the same quarter last year, the firm earned $0.13 earnings per share. Drilling Tools International updated its FY 2025 guidance to EPS.

Drilling Tools International Trading Down 0.4 %

Shares of DTI traded down $0.01 during trading hours on Friday, hitting $2.70. The stock had a trading volume of 256,693 shares, compared to its average volume of 56,689. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.99 and a current ratio of 1.32. The firm has a market cap of $96.10 million, a P/E ratio of 9.64, a P/E/G ratio of 0.90 and a beta of -0.86. The company's fifty day simple moving average is $3.19 and its 200 day simple moving average is $3.42. Drilling Tools International has a 12-month low of $2.50 and a 12-month high of $6.36.

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.

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