Dynamic Materials (BOOM) Issues FY18 Earnings Guidance

Dynamic Materials (NASDAQ:BOOM) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $1.90-2.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.26. The company issued revenue guidance of $290-305 million, compared to the consensus revenue estimate of $263.47 million.

NASDAQ:BOOM traded up $0.40 during mid-day trading on Thursday, hitting $31.65. 263,688 shares of the company’s stock traded hands, compared to its average volume of 82,665. Dynamic Materials has a 12 month low of $12.40 and a 12 month high of $32.80. The company has a market cap of $441.79, a price-to-earnings ratio of 197.81, a PEG ratio of 1.18 and a beta of 0.53. The company has a quick ratio of 1.41, a current ratio of 2.19 and a debt-to-equity ratio of 0.17.

Dynamic Materials (NASDAQ:BOOM) last announced its earnings results on Thursday, April 26th. The industrial products company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.27. Dynamic Materials had a positive return on equity of 1.95% and a negative net margin of 9.78%. The firm had revenue of $67.30 million during the quarter, compared to the consensus estimate of $60.03 million. During the same quarter in the prior year, the company earned ($0.21) EPS. The firm’s revenue for the quarter was up 72.6% compared to the same quarter last year. analysts anticipate that Dynamic Materials will post 1.26 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Saturday, March 31st were given a $0.02 dividend. The ex-dividend date was Wednesday, March 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.25%. Dynamic Materials’s dividend payout ratio is currently 50.00%.

A number of analysts have commented on BOOM shares. Zacks Investment Research downgraded Dynamic Materials from a strong-buy rating to a hold rating in a research report on Wednesday, December 27th. BidaskClub downgraded Dynamic Materials from a strong-buy rating to a buy rating in a research report on Thursday, January 4th. Finally, ValuEngine upgraded Dynamic Materials from a hold rating to a buy rating in a research report on Monday, April 2nd. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $25.50.

In other Dynamic Materials news, Director Yvon Pierre Cariou sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $27.10, for a total value of $542,000.00. Following the completion of the sale, the director now owns 173,852 shares in the company, valued at approximately $4,711,389.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.10% of the stock is currently owned by company insiders.

A hedge fund recently raised its stake in Dynamic Materials stock. State Street Corp grew its position in Dynamic Materials Co. (NASDAQ:BOOM) by 7.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 1.43% of Dynamic Materials worth $2,777,000 as of its most recent SEC filing. Institutional investors and hedge funds own 85.83% of the company’s stock.

Dynamic Materials 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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