DMC Global (NASDAQ:BOOM – Get Free Report) announced its earnings results on Monday. The industrial products company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.40), Zacks reports. DMC Global had a return on equity of 6.06% and a net margin of 2.29%. The business had revenue of $152.43 million during the quarter, compared to analyst estimates of $152.00 million. During the same period in the previous year, the firm earned $0.50 earnings per share. DMC Global updated its Q4 2024 guidance to EPS.
DMC Global Trading Up 6.8 %
DMC Global stock opened at $9.88 on Thursday. The company has a market cap of $197.99 million, a price-to-earnings ratio of -1.25 and a beta of 1.66. The firm has a 50-day moving average of $11.84 and a 200-day moving average of $12.93. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.53 and a quick ratio of 1.15. DMC Global has a one year low of $8.60 and a one year high of $19.73.
Wall Street Analyst Weigh In
BOOM has been the subject of a number of research reports. StockNews.com lowered DMC Global from a “hold” rating to a “sell” rating in a research report on Wednesday. Roth Mkm reaffirmed a “buy” rating and set a $24.00 price objective on shares of DMC Global in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus cut their price target on shares of DMC Global from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, October 11th.
DMC Global Company Profile
DMC Global Inc provides a suite of engineered products and various solutions for the construction, energy, industrial processing, and transportation markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building products, including exterior and interior framing systems, curtain walls, windows, doors, and interior partitions; architectural components, architectural framing systems, entrance systems, and sun control products; sliding and glazing systems; and thermally broken steel, aluminum windows and doors, and wood doors and windows.
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