Roth Capital Has Bearish Outlook for DMC Global Q3 Earnings

DMC Global Inc. (NASDAQ:BOOM - Free Report) - Equities researchers at Roth Capital dropped their Q3 2024 earnings estimates for DMC Global in a research note issued on Tuesday, October 22nd. Roth Capital analyst G. Sweeney now expects that the industrial products company will post earnings per share of ($0.18) for the quarter, down from their prior forecast of $0.25. The consensus estimate for DMC Global's current full-year earnings is $0.95 per share. Roth Capital also issued estimates for DMC Global's Q4 2024 earnings at ($0.04) EPS, FY2024 earnings at $0.28 EPS and FY2025 earnings at $0.84 EPS.

A number of other analysts also recently issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of DMC Global from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Friday, October 11th. Roth Mkm reissued a "buy" rating and set a $24.00 price target on shares of DMC Global in a research report on Wednesday, July 31st.

DMC Global Stock Down 0.1 %

NASDAQ BOOM traded down $0.01 during trading on Thursday, hitting $9.95. The stock had a trading volume of 303,070 shares, compared to its average volume of 262,537. DMC Global has a 12 month low of $9.70 and a 12 month high of $19.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.15 and a current ratio of 2.53. The company's 50-day moving average price is $12.15 and its two-hundred day moving average price is $13.44. The company has a market capitalization of $198.82 million, a PE ratio of 8.16 and a beta of 1.63.

DMC Global (NASDAQ:BOOM - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.16. The firm had revenue of $171.18 million for the quarter, compared to the consensus estimate of $165.45 million. DMC Global had a return on equity of 6.06% and a net margin of 2.29%. During the same quarter last year, the business posted $0.72 EPS.

Hedge Funds Weigh In On DMC Global

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hunter Associates Investment Management LLC lifted its stake in DMC Global by 1.6% in the third quarter. Hunter Associates Investment Management LLC now owns 352,233 shares of the industrial products company's stock valued at $4,565,000 after acquiring an additional 5,525 shares during the last quarter. Lakewood Asset Management LLC bought a new stake in shares of DMC Global in the 3rd quarter valued at about $205,000. Pacific Ridge Capital Partners LLC lifted its stake in DMC Global by 25.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 392,267 shares of the industrial products company's stock valued at $5,656,000 after purchasing an additional 80,774 shares during the last quarter. AQR Capital Management LLC grew its holdings in DMC Global by 202.7% during the second quarter. AQR Capital Management LLC now owns 252,587 shares of the industrial products company's stock worth $3,642,000 after purchasing an additional 169,150 shares during the period. Finally, Squarepoint Ops LLC increased its position in DMC Global by 30.2% during the second quarter. Squarepoint Ops LLC now owns 111,644 shares of the industrial products company's stock worth $1,610,000 after buying an additional 25,921 shares during the last quarter. 77.63% of the stock is owned by institutional investors.

DMC Global Company Profile

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.