Equities analysts expect that Dmc Global Inc (NASDAQ:BOOM) will report sales of $82.00 million 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 during the same quarter last year, which would suggest a positive year over year growth rate of 50.5%. The firm is scheduled to announce its next earnings results on Thursday, March 14th.
On average, analysts expect that Dmc Global will report full-year sales of $318.30 million for the current fiscal year, with estimates ranging from $318.10 million to $318.70 million. For the next fiscal year, analysts anticipate that the business will post sales of $355.30 million, with estimates ranging from $345.00 million to $369.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Dmc Global.
Dmc Global (NASDAQ:BOOM) last posted its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.68 earnings per share for the quarter, beating 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 company had revenue of $87.88 million during the quarter, compared to analyst estimates of $83.35 million.
A number of research firms recently weighed in on BOOM. ValuEngine raised Dmc Global from a “hold” rating to a “buy” rating in a research report on Monday, October 29th. Zacks Investment Research raised Dmc Global from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Monday, October 29th. BidaskClub raised Dmc Global from a “sell” rating to a “hold” rating in a research report on Friday. Roth Capital set a $50.00 target price on Dmc Global and gave the company a “buy” rating in a research note on Monday, October 29th. Finally, TheStreet upgraded Dmc Global from a “c” rating to a “b-” rating in a research note on Wednesday, September 5th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $51.00.
BOOM stock opened at $39.98 on Friday. Dmc Global has a twelve month low of $18.56 and a twelve month high of $51.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.15 and a quick ratio of 1.28. The company has a market cap of $566.59 million, a P/E ratio of 249.88, a P/E/G ratio of 0.95 and a beta of 0.43.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Sunday, September 30th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.08 annualized dividend and a yield of 0.20%. Dmc Global’s dividend payout ratio is 50.00%.
In other Dmc Global news, Director Yvon Pierre Cariou sold 25,000 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $42.97, for a total transaction of $1,074,250.00. Following the sale, the director now directly owns 144,823 shares in the company, valued at approximately $6,223,044.31. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Edgar Scheatzle, Jr. sold 1,299 shares of the firm’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $41.41, for a total value of $53,791.59. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. purchased a new position in shares of Dmc Global in the 2nd quarter worth $135,000. ClariVest Asset Management LLC boosted its stake in shares of Dmc Global by 22,957.1% in the 2nd quarter. ClariVest Asset Management LLC now owns 3,228 shares of the industrial products company’s stock worth $145,000 after buying an additional 3,214 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Dmc Global by 13.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 30,094 shares of the industrial products company’s stock worth $806,000 after buying an additional 3,600 shares during the last quarter. Raymond James & Associates purchased a new position in shares of Dmc Global in the 2nd quarter worth $230,000. Finally, Shepherd Kaplan Krochuk LLC purchased a new position in shares of Dmc Global in the 2nd quarter worth $248,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.
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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