DMC Global (NASDAQ:BOOM) Posts Earnings Results, Beats Estimates By $0.38 EPS

DMC Global (NASDAQ:BOOM) announced its quarterly earnings data on Tuesday. The industrial products company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.38, FiscalAI reports. The business had revenue of $172.83 million during the quarter, compared to the consensus estimate of $161.10 million. DMC Global had a negative return on equity of 6.84% and a negative net margin of 3.37%.

DMC Global Stock Performance

NASDAQ BOOM traded down $0.02 during trading hours on Tuesday, hitting $5.35. The company had a trading volume of 1,044,280 shares, compared to its average volume of 261,079. The business has a 50 day moving average of $6.17 and a 200-day moving average of $6.56. The company has a market cap of $109.89 million, a PE ratio of -5.75 and a beta of 1.80. DMC Global has a 1-year low of $4.69 and a 1-year high of $9.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.19 and a current ratio of 2.56.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BOOM shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of DMC Global in a report on Wednesday, August 19th. Wall Street Zen raised shares of DMC Global from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Stifel Nicolaus boosted their price objective on shares of DMC Global from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, DMC Global currently has a consensus rating of “Hold” and a consensus target price of $9.00.

DMC Global Company Profile

DMC Global Inc (NASDAQ:BOOM) is a diversified industrial company that develops and manufactures engineered products for energy, industrial, infrastructure and building markets. The company’s operations have included businesses focused on specialty metalworking and architectural building products.

Through its DMC Clad Solutions business, DMC Global supplies explosion-welded clad metals under the NobelClad brand. These products bond dissimilar metals to create corrosion-resistant and structurally capable materials used in chemical processing, oil and gas, power generation, marine, transportation and other industrial applications.