Q1 2024 EPS Estimates for DMC Global Inc. (NASDAQ:BOOM) Cut by Roth Capital

DMC Global Inc. (NASDAQ:BOOM) – Research analysts at Roth Capital lowered their Q1 2024 earnings per share estimates for DMC Global in a research note issued to investors on Thursday, May 2nd. 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 previous estimate of $0.20. The consensus estimate for DMC Global’s current full-year earnings is $1.50 per share. Roth Capital also issued estimates for DMC Global’s Q3 2024 earnings at $0.58 EPS and FY2024 earnings at $1.66 EPS.

Several other research firms have also recently commented on BOOM. StockNews.com raised shares of DMC Global from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Stifel Nicolaus lowered their price objective on DMC Global from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th.

DMC Global Stock Performance

Shares of NASDAQ BOOM opened at $13.64 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.58 and a quick ratio of 1.27. The company has a market cap of $269.94 million, a PE ratio of 11.18 and a beta of 1.59. The company has a 50-day simple moving average of $17.57 and a 200-day simple moving average of $17.54. DMC Global has a 12 month low of $13.56 and a 12 month high of $27.16.

DMC Global (NASDAQ:BOOM) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.07). The firm had revenue of $174.04 million during the quarter, compared to analyst estimates of $170.80 million. DMC Global had a net margin of 3.61% and a return on equity of 8.24%. During the same period in the previous year, the firm posted $0.22 EPS.

Hedge Funds Weigh In On DMC Global

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in shares of DMC Global in the 3rd quarter worth $173,000. Bailard Inc. acquired a new position in shares of DMC Global in the 3rd quarter valued at about $216,000. New York State Teachers Retirement System purchased a new stake in shares of DMC Global during the 3rd quarter worth about $42,000. Panagora Asset Management Inc. increased its position in DMC Global by 167.8% during the 3rd quarter. Panagora Asset Management Inc. now owns 121,536 shares of the industrial products company’s stock worth $2,974,000 after purchasing an additional 76,159 shares in the last quarter. Finally, Olympiad Research LP purchased a new position in DMC Global in the third quarter valued at approximately $262,000. Hedge funds and other institutional investors own 77.63% of the company’s stock.

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.