Equities analysts forecast that Dmc Global Inc (NASDAQ:BOOM) will report $82.00 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Dmc Global’s earnings. Dmc Global posted sales of $54.49 million during the same quarter last year, which suggests a positive year-over-year growth rate of 50.5%. The company is scheduled to issue 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 year, with estimates ranging from $318.10 million to $319.10 million. For the next fiscal year, analysts anticipate that the company will report sales of $356.20 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 research firms that that provide coverage for Dmc Global.
Dmc Global (NASDAQ:BOOM) last issued its earnings results on Thursday, October 25th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.19. The business had revenue of $87.88 million for the quarter, compared to analyst estimates of $83.35 million. Dmc Global had a net margin of 4.56% and a return on equity of 22.24%.
BOOM has been the topic of several research analyst reports. BidaskClub raised shares of Dmc Global from a “sell” rating to a “hold” rating in a research note on Tuesday, December 4th. ValuEngine lowered shares of Dmc Global from a “buy” rating to a “hold” rating in a research note on Saturday, November 10th. Zacks Investment Research lowered shares of Dmc Global from a “buy” rating to a “hold” rating in a research note on Thursday, December 27th. Finally, Stephens initiated coverage on shares of Dmc Global in a research note on Wednesday. They set an “overweight” rating and a $50.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $50.60.
Several institutional investors have recently added to or reduced their stakes in BOOM. BlueMountain Capital Management LLC purchased a new position in shares of Dmc Global in the third quarter worth $132,000. Macquarie Group Ltd. purchased a new position in shares of Dmc Global in the second quarter worth $135,000. HRT Financial LLC purchased a new position in shares of Dmc Global in the third quarter worth $208,000. Raymond James & Associates purchased a new position in shares of Dmc Global in the second quarter worth $230,000. Finally, Credit Suisse AG purchased a new position in shares of Dmc Global in the third quarter worth $246,000. 87.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ BOOM opened at $36.39 on Friday. The firm has a market cap of $543.35 million, a P/E ratio of 227.44, a P/E/G ratio of 0.73 and a beta of 0.56. Dmc Global has a 12-month low of $20.11 and a 12-month 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 also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Friday, December 28th. Dmc Global’s dividend payout ratio (DPR) is 50.00%.
About Dmc Global
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.
Featured Article: Why does a company issue an IPO?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dmc Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dmc Global and related companies with MarketBeat.com's FREE daily email newsletter.