What is Sidoti Csr's Estimate for DTI FY2024 Earnings?

Drilling Tools International Co. (NASDAQ:DTI - Free Report) - Stock analysts at Sidoti Csr boosted their FY2024 EPS estimates for shares of Drilling Tools International in a note issued to investors on Friday, November 15th. Sidoti Csr analyst S. Ferazani now anticipates that the company will post earnings per share of $0.36 for the year, up from their prior estimate of $0.33. The consensus estimate for Drilling Tools International's current full-year earnings is $0.39 per share. Sidoti Csr also issued estimates for Drilling Tools International's Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.11 EPS and Q4 2025 earnings at $0.07 EPS.

Separately, Alliance Global Partners lowered their price objective on Drilling Tools International from $7.50 to $5.50 and set a "buy" rating on the stock in a report on Friday.

Drilling Tools International Stock Down 0.7 %

Drilling Tools International stock traded down $0.02 during mid-day trading on Monday, hitting $3.46. 45,359 shares of the company's stock were exchanged, compared to its average volume of 49,803. Drilling Tools International has a 1-year low of $2.43 and a 1-year high of $6.36. The stock has a 50 day moving average of $3.60 and a two-hundred day moving average of $4.63. The stock has a market cap of $120.10 million, a P/E ratio of 12.18, a P/E/G ratio of 1.05 and a beta of -0.96. The company has a current ratio of 1.97, a quick ratio of 1.50 and a debt-to-equity ratio of 0.21.

Institutional Trading of Drilling Tools International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers acquired a new position in shares of Drilling Tools International during the second quarter valued at about $49,000. Bank of New York Mellon Corp bought a new position in Drilling Tools International in the second quarter worth $99,000. Woodstock Corp acquired a new stake in Drilling Tools International during the third quarter worth $57,000. Geode Capital Management LLC raised its stake in shares of Drilling Tools International by 31.5% in the 3rd quarter. Geode Capital Management LLC now owns 209,808 shares of the company's stock valued at $783,000 after buying an additional 50,236 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Drilling Tools International by 414.6% during the 3rd quarter. Barclays PLC now owns 16,730 shares of the company's stock worth $62,000 after acquiring an additional 13,479 shares during the period. Institutional investors and hedge funds own 2.79% of the company's stock.

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.