Equities analysts expect that Dmc Global Inc (NASDAQ:BOOM) will post sales of $104.95 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Dmc Global’s earnings. The lowest sales estimate is $104.00 million and the highest is $105.90 million. Dmc Global reported sales of $80.92 million in the same quarter last year, which indicates a positive year-over-year growth rate of 29.7%. The business is scheduled to issue its next earnings results after the market closes on Thursday, July 25th.
According to Zacks, analysts expect that Dmc Global will report full year sales of $422.22 million for the current financial year, with estimates ranging from $420.14 million to $424.30 million. For the next financial year, analysts anticipate that the business will post sales of $470.33 million, with estimates ranging from $450.20 million to $497.80 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Dmc Global.
Dmc Global (NASDAQ:BOOM) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.28. The firm had revenue of $100.10 million during the quarter, compared to analyst estimates of $99.95 million. Dmc Global had a net margin of 11.61% and a return on equity of 30.04%. The business’s revenue for the quarter was up 48.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 EPS.
Shares of BOOM traded down $1.73 during mid-day trading on Friday, reaching $60.45. 249,709 shares of the stock traded hands, compared to its average volume of 247,555. The business has a fifty day simple moving average of $64.45. The firm has a market cap of $905.84 million, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 0.82 and a beta of 0.70. The company has a current ratio of 2.18, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. Dmc Global has a 1 year low of $30.25 and a 1 year high of $76.68.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Sunday, June 30th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date was Thursday, June 27th. Dmc Global’s dividend payout ratio is currently 3.86%.
In other news, CFO Michael Kuta sold 4,328 shares of Dmc Global stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $70.69, for a total transaction of $305,946.32. Following the completion of the sale, the chief financial officer now directly owns 90,264 shares of the company’s stock, valued at approximately $6,380,762.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard P. Graff sold 1,000 shares of Dmc Global stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.44, for a total transaction of $65,440.00. Following the sale, the director now directly owns 32,243 shares of the company’s stock, valued at $2,109,981.92. The disclosure for this sale can be found here. Insiders have sold a total of 6,828 shares of company stock valued at $474,481 over the last ninety days. 4.40% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of BOOM. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Dmc Global in the first quarter worth $78,000. Quantamental Technologies LLC lifted its stake in Dmc Global by 29.6% in the first quarter. Quantamental Technologies LLC now owns 1,707 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 390 shares during the last quarter. Legal & General Group Plc lifted its stake in Dmc Global by 16.0% in the fourth quarter. Legal & General Group Plc now owns 2,580 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 356 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Dmc Global by 4,820.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 2,706 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 2,651 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in Dmc Global in the first quarter worth $178,000. 89.40% of the stock is owned by institutional investors and hedge funds.
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 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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