Dynamic Materials Corp. (BOOM) to Release Earnings on Thursday
Dynamic Materials Corp. (NASDAQ:BOOM) will be releasing its earnings data after the market closes on Thursday, October 26th. Analysts expect Dynamic Materials Corp. to post earnings of $0.12 per share for the quarter.
Dynamic Materials Corp. (NASDAQ:BOOM) last posted its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. The company had revenue of $47.20 million during the quarter, compared to analysts’ expectations of $44.20 million. Dynamic Materials Corp. had a negative net margin of 5.01% and a negative return on equity of 6.38%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.05) EPS. On average, analysts expect Dynamic Materials Corp. to post $0 EPS for the current fiscal year and $0.83 EPS for the next fiscal year.
Dynamic Materials Corp. (BOOM) opened at 17.95 on Tuesday. The firm has a 50-day moving average of $16.15 and a 200-day moving average of $14.08. Dynamic Materials Corp. has a 52-week low of $9.80 and a 52-week high of $18.45. The stock’s market capitalization is $265.12 million.
The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were issued a $0.02 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.08 annualized dividend and a yield of 0.45%. Dynamic Materials Corp.’s dividend payout ratio (DPR) is presently -14.04%.
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Several research analysts recently commented on BOOM shares. Zacks Investment Research upgraded shares of Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. ValuEngine upgraded shares of Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st.
In related news, insider Ian Grieves sold 4,743 shares of Dynamic Materials Corp. stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $13.92, for a total value of $66,022.56. Following the transaction, the insider now owns 15,874 shares in the company, valued at approximately $220,966.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.10% of the company’s stock.
A hedge fund recently raised its stake in Dynamic Materials Corp. stock. State Street Corp increased its position in Dynamic Materials Corp. (NASDAQ:BOOM) by 7.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 211,940 shares of the industrial products company’s stock after acquiring an additional 14,471 shares during the quarter. State Street Corp owned about 1.43% of Dynamic Materials Corp. worth $2,777,000 at the end of the most recent quarter. 86.02% of the stock is currently owned by institutional investors.
About Dynamic Materials Corp.
DMC Global Inc, formerly Dynamic Materials Corporation, is a diversified technology company. The Company operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities.
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