Equities research analysts forecast that Dmc Global Inc (NASDAQ:BOOM) will post $104.95 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Dmc Global’s earnings. The lowest sales estimate is $104.00 million and the highest is $105.90 million. Dmc Global posted sales of $80.92 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 29.7%. The firm is scheduled to report its next quarterly earnings results after the market closes on Thursday, July 25th.
According to Zacks, analysts expect that Dmc Global will report full year sales of $422.22 million for the current financial year, with estimates ranging from $420.14 million to $424.30 million. For the next fiscal year, analysts forecast that the company will post sales of $470.33 million, with estimates ranging from $450.20 million to $497.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Dmc Global.
Dmc Global (NASDAQ:BOOM) last announced its earnings results on Thursday, April 25th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.28. Dmc Global had a return on equity of 30.04% and a net margin of 11.61%. The firm had revenue of $100.10 million during the quarter, compared to analyst estimates of $99.95 million. During the same period last year, the firm posted $0.49 EPS. The business’s revenue was up 48.7% compared to the same quarter last year.
Several equities research analysts recently weighed in on the company. ValuEngine lowered Vereit from a “buy” rating to a “hold” rating in a report on Friday. Chardan Capital set a $79.00 price objective on Dmc Global and gave the stock a “buy” rating in a report on Wednesday, April 10th. Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Sidoti raised Dmc Global from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Wednesday, July 10th. Finally, Roth Capital lifted their price objective on Broadwind Energy from $2.50 to $2.75 and gave the stock a “buy” rating in a report on Monday, April 29th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $67.33.
BOOM traded down $1.73 during trading hours on Friday, hitting $60.45. The stock had a trading volume of 249,709 shares, compared to its average volume of 247,555. The firm’s fifty day simple moving average is $64.45. Dmc Global has a 1 year low of $30.25 and a 1 year high of $76.68. The stock has a market capitalization of $905.84 million, a PE ratio of 29.20, a PEG ratio of 0.82 and a beta of 0.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 2.18.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Investors of record on Sunday, June 30th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend was Thursday, June 27th. Dmc Global’s dividend payout ratio (DPR) is currently 3.86%.
In related news, Director Richard P. Graff sold 1,000 shares of Dmc Global stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $65.44, for a total value of $65,440.00. Following the completion of the sale, the director now owns 32,243 shares of the company’s stock, valued at approximately $2,109,981.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Michael Kuta sold 4,328 shares of Dmc Global stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $70.69, for a total value of $305,946.32. Following the completion of the sale, the chief financial officer now directly owns 90,264 shares of the company’s stock, valued at approximately $6,380,762.16. The disclosure for this sale can be found here. In the last three months, insiders sold 6,828 shares of company stock valued at $474,481. 4.40% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the business. Monarch Partners Asset Management LLC purchased a new position in Dmc Global during the 1st quarter valued at about $596,000. Chartwell Investment Partners LLC purchased a new position in Dmc Global during the 1st quarter valued at about $1,750,000. Bank of New York Mellon Corp boosted its position in shares of Dmc Global by 10.2% during the 4th quarter. Bank of New York Mellon Corp now owns 61,882 shares of the industrial products company’s stock valued at $2,174,000 after acquiring an additional 5,751 shares during the last quarter. Alambic Investment Management L.P. bought a new stake in shares of Dmc Global during the 1st quarter valued at about $682,000. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Dmc Global by 17.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 46,500 shares of the industrial products company’s stock valued at $1,633,000 after acquiring an additional 6,900 shares during the last quarter. 89.40% of the stock is owned by institutional investors and hedge funds.
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 and sells 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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