Dmc Global Inc (BOOM) Expected to Announce Quarterly Sales of $82.00 Million

Brokerages forecast that Dmc Global Inc (NASDAQ:BOOM) will post $82.00 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Dmc Global’s earnings. Dmc Global reported sales of $54.49 million in the same quarter last year, which would suggest a positive year over year growth rate of 50.5%. The company is scheduled to report its next earnings results on Thursday, March 14th.

According to Zacks, analysts expect that Dmc Global will report full-year sales of $318.44 million for the current financial year, with estimates ranging from $318.10 million to $319.10 million. For the next fiscal year, analysts forecast that the business will report sales of $356.20 million, with estimates ranging from $345.00 million to $369.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Dmc Global.

Dmc Global (NASDAQ:BOOM) last issued its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.19. Dmc Global had a return on equity of 22.24% and a net margin of 4.56%. The business had revenue of $87.88 million during the quarter, compared to analyst estimates of $83.35 million.

A number of equities research analysts have issued reports on the company. BidaskClub lowered Dmc Global from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. Zacks Investment Research lowered Dmc Global from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. ValuEngine lowered Dmc Global from a “buy” rating to a “hold” rating in a research note on Saturday, November 10th. Roth Capital set a $50.00 price target on Dmc Global and gave the stock a “buy” rating in a research note on Monday, October 29th. Finally, Sidoti upgraded Dmc Global from a “neutral” rating to a “buy” rating in a research note on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $51.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in shares of Dmc Global by 3.4% during the 2nd quarter. BlackRock Inc. now owns 978,005 shares of the industrial products company’s stock valued at $43,911,000 after purchasing an additional 31,775 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Dmc Global by 6.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 767,436 shares of the industrial products company’s stock valued at $31,312,000 after purchasing an additional 48,733 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Dmc Global by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 679,663 shares of the industrial products company’s stock valued at $27,731,000 after purchasing an additional 26,377 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Dmc Global by 32.4% during the 3rd quarter. Renaissance Technologies LLC now owns 407,968 shares of the industrial products company’s stock valued at $16,645,000 after purchasing an additional 99,868 shares during the last quarter. Finally, Manatuck Hill Partners LLC boosted its holdings in shares of Dmc Global by 41.0% during the 3rd quarter. Manatuck Hill Partners LLC now owns 257,979 shares of the industrial products company’s stock valued at $10,526,000 after purchasing an additional 75,000 shares during the last quarter. 81.56% of the stock is owned by institutional investors and hedge funds.

BOOM stock traded up $0.45 during trading on Monday, reaching $36.40. The company’s stock had a trading volume of 177,510 shares, compared to its average volume of 72,796. Dmc Global has a 1 year low of $18.56 and a 1 year high of $51.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.28 and a current ratio of 2.15. The firm has a market capitalization of $535.60 million, a PE ratio of 227.50, a PEG ratio of 0.90 and a beta of 0.55.

Dmc Global Company Profile

DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.

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