DMC Global (NASDAQ:BOOM - Get Free Report) issued its earnings results on Monday. The industrial products company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.40), Zacks reports. The firm had revenue of $152.43 million during the quarter, compared to analysts' expectations of $152.00 million. DMC Global had a return on equity of 6.06% and a net margin of 2.29%. During the same quarter in the prior year, the company posted $0.50 earnings per share. DMC Global updated its Q4 2024 guidance to EPS.
DMC Global Stock Down 6.0 %
BOOM stock traded down $0.59 during trading on Tuesday, reaching $9.25. 611,154 shares of the company traded hands, compared to its average volume of 262,252. The company has a market capitalization of $185.37 million, a price-to-earnings ratio of 12.17 and a beta of 1.66. 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 business has a 50 day simple moving average of $11.93 and a 200 day simple moving average of $13.01. DMC Global has a 12 month low of $8.60 and a 12 month high of $19.73.
Analyst Ratings Changes
A number of research firms recently weighed in on BOOM. Stifel Nicolaus lowered their price objective 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. Roth Mkm reaffirmed a "buy" rating and issued a $24.00 price target on shares of DMC Global in a research report on Wednesday, July 31st.
View Our Latest Stock Analysis on BOOM
About DMC Global
(
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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.
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