Dmc Global Inc (NASDAQ:BOOM) Expected to Announce Quarterly Sales of $46.75 Million

Wall Street analysts expect that Dmc Global Inc (NASDAQ:BOOM) will announce sales of $46.75 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Dmc Global’s earnings, with estimates ranging from $44.50 million to $49.00 million. Dmc Global posted sales of $110.95 million in the same quarter last year, which suggests a negative year over year growth rate of 57.9%. The firm is scheduled to issue its next quarterly earnings report on Thursday, July 23rd.

According to Zacks, analysts expect that Dmc Global will report full year sales of $231.93 million for the current financial year, with estimates ranging from $224.30 million to $239.56 million. For the next fiscal year, analysts expect that the firm will post sales of $266.90 million, with estimates ranging from $253.80 million to $280.00 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Dmc Global.

Dmc Global (NASDAQ:BOOM) last released its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.05). The business had revenue of $73.56 million during the quarter, compared to analysts’ expectations of $72.87 million. Dmc Global had a net margin of 6.21% and a return on equity of 27.05%. The firm’s revenue was down 26.5% on a year-over-year basis. During the same period last year, the company earned $1.02 earnings per share.

BOOM has been the topic of a number of recent analyst reports. BidaskClub raised shares of Dmc Global from a “sell” rating to a “hold” rating in a report on Tuesday, June 9th. Roth Capital downgraded shares of Dmc Global from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $55.00 to $30.00 in a report on Monday, March 9th. Stephens increased their price target on shares of Dmc Global from $27.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Stifel Nicolaus lowered their price target on shares of Dmc Global from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Finally, ValuEngine raised shares of Dmc Global from a “sell” rating to a “hold” rating in a report on Friday, March 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $46.40.

Shares of BOOM stock traded down $1.38 during trading hours on Friday, hitting $27.30. The company’s stock had a trading volume of 323,322 shares, compared to its average volume of 176,584. The company has a 50 day moving average of $28.87 and a 200 day moving average of $34.04. The stock has a market cap of $402.70 million, a PE ratio of 17.84, a price-to-earnings-growth ratio of 4.88 and a beta of 1.10. The company has a current ratio of 2.19, a quick ratio of 1.22 and a debt-to-equity ratio of 0.06. Dmc Global has a 12-month low of $20.15 and a 12-month high of $66.76.

A number of institutional investors and hedge funds have recently bought and sold shares of BOOM. First Bank & Trust lifted its holdings in Dmc Global by 175.9% during the first quarter. First Bank & Trust now owns 1,490 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 950 shares in the last quarter. Advisor Group Holdings Inc. acquired a new stake in shares of Dmc Global in the first quarter valued at about $38,000. FDx Advisors Inc. acquired a new stake in shares of Dmc Global in the first quarter valued at about $50,000. Sowell Financial Services LLC acquired a new stake in shares of Dmc Global in the fourth quarter valued at about $52,000. Finally, Pacer Advisors Inc. acquired a new stake in shares of Dmc Global in the first quarter valued at about $55,000.

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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