Drilling Tools International (NASDAQ:DTI) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Drilling Tools International (NASDAQ:DTI) posted its quarterly earnings results on Thursday. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01, Zacks reports. Drilling Tools International had a net margin of 5.46% and a return on equity of 15.38%. During the same quarter last year, the firm earned $0.13 EPS. Drilling Tools International updated its FY 2025 guidance to EPS.

Drilling Tools International Stock Down 4.6 %

NASDAQ DTI opened at $2.71 on Friday. The business’s fifty day simple moving average is $3.20 and its 200-day simple moving average is $3.44. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. The firm has a market cap of $96.46 million, a PE ratio of 9.68, a P/E/G ratio of 0.90 and a beta of -0.86. Drilling Tools International has a 52 week low of $2.50 and a 52 week high of $6.36.

Analyst Ratings Changes

Separately, Alliance Global Partners dropped their price target on Drilling Tools International from $7.50 to $5.50 and set a “buy” rating for the company in a research report on Friday, November 15th.

About Drilling Tools International

Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.