Sidoti Equities Analysts Decrease Earnings Estimates for DTI

Drilling Tools International Corp. (NASDAQ:DTI) – Stock analysts at Sidoti cut their Q1 2027 earnings estimates for shares of Drilling Tools International in a research note issued to investors on Monday, May 11th. Sidoti analyst S. Ferazani now expects that the company will earn $0.04 per share for the quarter, down from their prior forecast of $0.06. The consensus estimate for Drilling Tools International’s current full-year earnings is $0.19 per share. Sidoti also issued estimates for Drilling Tools International’s Q2 2027 earnings at $0.06 EPS, Q4 2027 earnings at $0.09 EPS and FY2027 earnings at $0.27 EPS.

A number of other equities analysts have also commented on DTI. Zacks Research lowered shares of Drilling Tools International from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Weiss Ratings lowered shares of Drilling Tools International from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen lowered shares of Drilling Tools International from a “buy” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Drilling Tools International currently has a consensus rating of “Reduce”.

Drilling Tools International Price Performance

Shares of NASDAQ:DTI opened at $2.89 on Tuesday. The company’s fifty day moving average price is $3.53 and its 200-day moving average price is $3.16. The firm has a market capitalization of $101.70 million, a price-to-earnings ratio of -26.27, a PEG ratio of 1.75 and a beta of -0.60. Drilling Tools International has a one year low of $1.65 and a one year high of $4.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.11 and a quick ratio of 1.52.

Drilling Tools International (NASDAQ:DTI) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The company had revenue of $37.96 million during the quarter, compared to the consensus estimate of $37.80 million. Drilling Tools International had a positive return on equity of 0.45% and a negative net margin of 2.35%.

Institutional Investors Weigh In On Drilling Tools International

A number of institutional investors have recently made changes to their positions in the business. XTX Topco Ltd boosted its stake in shares of Drilling Tools International by 52.3% in the 4th quarter. XTX Topco Ltd now owns 16,026 shares of the company’s stock valued at $39,000 after purchasing an additional 5,504 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Drilling Tools International in the 2nd quarter valued at $49,000. Geode Capital Management LLC boosted its stake in shares of Drilling Tools International by 12.7% in the 4th quarter. Geode Capital Management LLC now owns 159,400 shares of the company’s stock valued at $391,000 after purchasing an additional 17,926 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Drilling Tools International in the 3rd quarter valued at $55,000. Finally, Veradace Capital Management LLC purchased a new stake in Drilling Tools International during the 4th quarter valued at $62,000. Hedge funds and other institutional investors own 2.79% of the company’s stock.

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.