What is Sidoti Csr’s Estimate for DTI FY2024 Earnings?

Drilling Tools International Co. (NASDAQ:DTI) – Sidoti Csr lifted their FY2024 earnings per share estimates for shares of Drilling Tools International in a report issued on Friday, February 21st. Sidoti Csr analyst S. Ferazani now anticipates that the company will post earnings per share of $0.38 for the year, up from their previous forecast of $0.36. The consensus estimate for Drilling Tools International’s current full-year earnings is $0.38 per share. Sidoti Csr also issued estimates for Drilling Tools International’s Q4 2024 earnings at $0.01 EPS, Q1 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.12 EPS, FY2025 earnings at $0.42 EPS and FY2026 earnings at $0.47 EPS.

Separately, Alliance Global Partners reduced 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.

Drilling Tools International Trading Up 1.5 %

DTI opened at $3.33 on Monday. The firm has a market cap of $118.51 million, a price-to-earnings ratio of 11.89, a PEG ratio of 0.90 and a beta of -0.86. The company has a current ratio of 1.32, a quick ratio of 0.99 and a debt-to-equity ratio of 0.15. Drilling Tools International has a 12 month low of $2.50 and a 12 month high of $6.36. The stock has a fifty day moving average price of $3.25 and a 200-day moving average price of $3.52.

Institutional Trading of Drilling Tools International

A number of hedge funds have recently modified their holdings of DTI. Soltis Investment Advisors LLC purchased a new stake in shares of Drilling Tools International in the fourth quarter worth about $36,000. Rhumbline Advisers raised its holdings in shares of Drilling Tools International by 42.8% during the fourth quarter. Rhumbline Advisers now owns 12,689 shares of the company’s stock valued at $41,000 after acquiring an additional 3,806 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Drilling Tools International in the fourth quarter valued at approximately $43,000. BNP Paribas Financial Markets acquired a new stake in shares of Drilling Tools International in the fourth quarter valued at approximately $46,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Drilling Tools International in the fourth quarter valued at approximately $52,000. 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.