Dmc Global Inc (BOOM) Expected to Announce Quarterly Sales of $82.40 Million

Analysts forecast that Dmc Global Inc (NASDAQ:BOOM) will announce $82.40 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Dmc Global’s earnings, with estimates ranging from $82.00 million to $82.80 million. Dmc Global reported sales of $67.31 million in the same quarter last year, which indicates a positive year-over-year growth rate of 22.4%. The company is expected to announce its next earnings report on Thursday, April 25th.

According to Zacks, analysts expect that Dmc Global will report full-year sales of $356.10 million for the current fiscal year, with estimates ranging from $351.50 million to $358.90 million. For the next fiscal year, analysts anticipate that the business will report sales of $394.90 million, with estimates ranging from $384.00 million to $411.30 million. Zacks’ 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 posted its quarterly earnings results on Thursday, February 21st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.10. The business had revenue of $90.30 million for the quarter, compared to analyst estimates of $82.39 million. Dmc Global had a return on equity of 25.65% and a net margin of 9.34%. Dmc Global’s revenue for the quarter was up 65.7% compared to the same quarter last year. During the same period last year, the company earned $0.09 EPS.



A number of brokerages have recently commented on BOOM. BidaskClub raised shares of Dmc Global from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Zacks Investment Research raised shares of Dmc Global from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Tuesday, December 11th. Stifel Nicolaus set a $53.00 price target on shares of Dmc Global and gave the company a “buy” rating in a report on Friday, February 22nd. Sidoti set a $49.00 price target on shares of Dmc Global and gave the company a “buy” rating in a report on Friday, February 22nd. Finally, Roth Capital set a $50.00 price target on shares of Dmc Global and gave the company a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. Dmc Global presently has an average rating of “Buy” and a consensus price target of $52.00.

In other Dmc Global news, Director Yvon Pierre Cariou sold 17,393 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $46.71, for a total transaction of $812,427.03. Following the completion of the transaction, the director now directly owns 129,135 shares of the company’s stock, valued at approximately $6,031,895.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.20% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in shares of Dmc Global by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 155,853 shares of the industrial products company’s stock valued at $5,473,000 after buying an additional 10,755 shares during the period. Norges Bank acquired a new position in shares of Dmc Global in the 4th quarter valued at about $4,470,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Dmc Global by 17.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 46,500 shares of the industrial products company’s stock valued at $1,633,000 after buying an additional 6,900 shares during the period. Ashford Capital Management Inc. acquired a new position in shares of Dmc Global in the 4th quarter valued at about $13,562,000. Finally, Legal & General Group Plc boosted its holdings in shares of Dmc Global by 16.0% in the 4th quarter. Legal & General Group Plc now owns 2,580 shares of the industrial products company’s stock valued at $91,000 after buying an additional 356 shares during the period. 88.20% of the stock is owned by institutional investors.

Shares of BOOM stock traded down $2.50 during mid-day trading on Thursday, reaching $48.01. The company’s stock had a trading volume of 108,252 shares, compared to its average volume of 169,181. Dmc Global has a 12-month low of $24.95 and a 12-month high of $52.04. The company has a current ratio of 2.05, a quick ratio of 1.26 and a debt-to-equity ratio of 0.28. The company has a market cap of $715.49 million, a PE ratio of 23.19, a P/E/G ratio of 0.94 and a beta of 0.65.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Sunday, March 31st will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.17%. The ex-dividend date is Thursday, March 28th. Dmc Global’s dividend payout ratio is currently 3.86%.

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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