FY2024 EPS Estimates for DMC Global Lowered by Roth Capital

DMC Global Inc. (NASDAQ:BOOM - Free Report) - Investment analysts at Roth Capital cut their FY2024 earnings per share estimates for shares of DMC Global in a report issued on Thursday, November 7th. Roth Capital analyst G. Sweeney now forecasts that the industrial products company will post earnings of ($0.23) per share for the year, down from their prior estimate of $0.28. The consensus estimate for DMC Global's current full-year earnings is $0.28 per share. Roth Capital also issued estimates for DMC Global's Q4 2024 earnings at ($0.24) EPS and FY2025 earnings at $0.34 EPS.

Several other research firms have also recently commented on BOOM. Stifel Nicolaus lowered their target price on shares of DMC Global from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, October 11th. StockNews.com cut shares of DMC Global from a "hold" rating to a "sell" rating in a research report on Wednesday, November 6th. Finally, Roth Mkm reiterated a "buy" rating and issued a $24.00 price objective on shares of DMC Global in a research report on Wednesday, July 31st.

DMC Global Price Performance

DMC Global stock traded down $0.12 during mid-day trading on Monday, reaching $9.15. The company had a trading volume of 190,937 shares, compared to its average volume of 262,837. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.15. The stock's 50-day simple moving average is $11.73 and its 200-day simple moving average is $12.80. DMC Global has a 1 year low of $8.60 and a 1 year high of $19.73. The company has a market capitalization of $183.24 million, a P/E ratio of -1.17 and a beta of 1.66.

DMC Global (NASDAQ:BOOM - Get Free Report) last released its earnings results on Monday, November 4th. The industrial products company reported ($0.49) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.40). DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. The business had revenue of $152.43 million during the quarter, compared to analyst estimates of $152.00 million. During the same period last year, the business posted $0.50 EPS.

Institutional Trading of DMC Global

Large investors have recently bought and sold shares of the business. Kennedy Capital Management LLC boosted its position in shares of DMC Global by 8.5% in the first quarter. Kennedy Capital Management LLC now owns 634,371 shares of the industrial products company's stock valued at $12,364,000 after acquiring an additional 49,849 shares during the period. Pacific Ridge Capital Partners LLC lifted its holdings in shares of DMC Global by 15.8% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 311,493 shares of the industrial products company's stock worth $6,071,000 after acquiring an additional 42,422 shares during the period. AQR Capital Management LLC boosted its position in shares of DMC Global by 202.7% during the 2nd quarter. AQR Capital Management LLC now owns 252,587 shares of the industrial products company's stock worth $3,642,000 after acquiring an additional 169,150 shares in the last quarter. CWM LLC boosted its holdings in shares of DMC Global by 1,245.4% in the 2nd quarter. CWM LLC now owns 2,758 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 2,553 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of DMC Global during the 2nd quarter worth $1,090,000. 77.63% of the stock is owned by institutional investors.

About DMC Global

DMC Global Inc provides a suite of engineered products and various solutions for the construction, energy, industrial processing, and transportation markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building products, including exterior and interior framing systems, curtain walls, windows, doors, and interior partitions; architectural components, architectural framing systems, entrance systems, and sun control products; sliding and glazing systems; and thermally broken steel, aluminum windows and doors, and wood doors and windows.