DMC Global (NASDAQ:BOOM) Posts Earnings Results, Beats Expectations By $0.03 EPS

DMC Global (NASDAQ:BOOM) released its quarterly earnings data on Thursday. The industrial products company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03, MarketWatch Earnings reports. The company had revenue of $55.70 million during the quarter, compared to analyst estimates of $58.30 million. DMC Global had a negative net margin of 2.23% and a positive return on equity of 6.76%. DMC Global’s revenue for the quarter was down 24.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 EPS.

NASDAQ:BOOM traded down $1.81 on Friday, hitting $50.20. The stock had a trading volume of 1,987 shares, compared to its average volume of 128,745. The stock has a market cap of $792.81 million, a price-to-earnings ratio of -132.74, a price-to-earnings-growth ratio of 4.66 and a beta of 1.33. The company has a quick ratio of 1.27, a current ratio of 2.33 and a debt-to-equity ratio of 0.05. The business’s 50-day simple moving average is $57.80 and its two-hundred day simple moving average is $49.00. DMC Global has a 52-week low of $21.94 and a 52-week high of $70.00.

In other news, CFO Michael Kuta sold 10,000 shares of DMC Global stock in a transaction dated Thursday, March 11th. The stock was sold at an average price of $66.36, for a total transaction of $663,600.00. Following the transaction, the chief financial officer now directly owns 10,695 shares of the company’s stock, valued at approximately $709,720.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Antoine Nobili sold 3,333 shares of DMC Global stock in a transaction dated Tuesday, March 2nd. The shares were sold at an average price of $62.89, for a total value of $209,612.37. Following the transaction, the insider now directly owns 9,500 shares in the company, valued at $597,455. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,438 shares of company stock worth $2,107,577. Insiders own 2.30% of the company’s stock.

A number of analysts have recently weighed in on BOOM shares. Stifel Nicolaus raised their price target on DMC Global from $53.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 19th. Zacks Investment Research downgraded DMC Global from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Roth Capital raised their price target on DMC Global from $34.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, February 17th.

DMC Global Company Profile

DMC Global Inc provides a suite of technical products for the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. Its 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, and industrial refrigeration industries.

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Earnings History for DMC Global (NASDAQ:BOOM)

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