Brokerages Anticipate Dmc Global Inc (NASDAQ:BOOM) Will Announce Quarterly Sales of $46.75 Million

Equities analysts expect that Dmc Global Inc (NASDAQ:BOOM) will post sales of $46.75 million for the current quarter, according to Zacks. Two analysts have issued estimates for Dmc Global’s earnings, with the highest sales estimate coming in at $49.00 million and the lowest estimate coming in at $44.50 million. Dmc Global posted sales of $110.95 million in the same quarter last year, which suggests a negative year-over-year growth rate of 57.9%. The firm is scheduled to announce its next quarterly earnings report on Thursday, July 23rd.

On average, analysts expect that Dmc Global will report full year sales of $231.93 million for the current year, with estimates ranging from $224.30 million to $239.56 million. For the next year, analysts anticipate that the business will post sales of $266.90 million, with estimates ranging from $253.80 million to $280.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Dmc Global.

Dmc Global (NASDAQ:BOOM) last released its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.05). Dmc Global had a return on equity of 27.05% and a net margin of 6.21%. The business had revenue of $73.56 million during the quarter, compared to analysts’ expectations of $72.87 million. During the same quarter in the prior year, the firm earned $1.02 earnings per share. Dmc Global’s quarterly revenue was down 26.5% on a year-over-year basis.

BOOM has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Dmc Global from a “hold” rating to a “sell” rating in a report on Thursday, June 11th. ValuEngine upgraded shares of Dmc Global from a “sell” rating to a “hold” rating in a report on Friday, March 13th. Roth Capital lowered shares of Dmc Global from a “buy” rating to a “neutral” rating and reduced their target price for the company from $55.00 to $30.00 in a report on Monday, March 9th. Stifel Nicolaus reduced their target price on shares of Dmc Global from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Finally, Stephens upped their target price on shares of Dmc Global from $27.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $46.40.

Shares of Dmc Global stock traded down $1.38 on Friday, hitting $27.30. The company’s stock had a trading volume of 323,322 shares, compared to its average volume of 176,584. Dmc Global has a 52-week low of $20.15 and a 52-week high of $66.76. The company has a quick ratio of 1.22, a current ratio of 2.19 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average price of $28.87 and a 200-day moving average price of $34.04. The company has a market capitalization of $402.70 million, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 4.88 and a beta of 1.10.

Several hedge funds and other institutional investors have recently bought and sold shares of BOOM. US Bancorp DE increased its stake in shares of Dmc Global by 31.0% during the 4th quarter. US Bancorp DE now owns 1,324 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 313 shares during the last quarter. Victory Capital Management Inc. increased its position in Dmc Global by 31.6% during the 4th quarter. Victory Capital Management Inc. now owns 7,432 shares of the industrial products company’s stock worth $311,000 after purchasing an additional 1,786 shares in the last quarter. Rhumbline Advisers increased its position in Dmc Global by 9.2% during the 4th quarter. Rhumbline Advisers now owns 47,643 shares of the industrial products company’s stock worth $2,141,000 after purchasing an additional 4,016 shares in the last quarter. State Street Corp increased its position in Dmc Global by 0.9% during the 4th quarter. State Street Corp now owns 510,229 shares of the industrial products company’s stock worth $22,994,000 after purchasing an additional 4,706 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in Dmc Global by 36.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 7,600 shares of the industrial products company’s stock worth $342,000 after purchasing an additional 2,010 shares in the last quarter.

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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