Sidoti Issues Pessimistic Outlook for DTI Earnings

Drilling Tools International Corp. (NASDAQ:DTI) – Equities researchers at Sidoti decreased their Q4 2026 earnings estimates for Drilling Tools International in a research report issued to clients and investors on Monday, November 9th. Sidoti analyst S. Ferazani now forecasts that the company will earn $0.03 per share for the quarter, down from their previous forecast of $0.06. The consensus estimate for Drilling Tools International’s current full-year earnings is $0.04 per share. Sidoti also issued estimates for Drilling Tools International’s Q1 2027 earnings at $0.02 EPS, Q3 2027 earnings at $0.03 EPS, Q4 2027 earnings at $0.04 EPS, FY2027 earnings at $0.13 EPS and FY2028 earnings at $0.21 EPS.

A number of other analysts also recently weighed in on DTI. Weiss Ratings reiterated a “sell (e+)” rating on shares of Drilling Tools International in a report on Monday, October 26th. Jefferies Financial Group reissued a “hold” rating and issued a $2.80 price objective on shares of Drilling Tools International in a research note on Sunday, August 9th. Finally, Zacks Research lowered Drilling Tools International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Drilling Tools International currently has an average rating of “Reduce” and an average price target of $2.80.

Drilling Tools International Stock Performance

Shares of DTI opened at $1.58 on Tuesday. The company has a current ratio of 2.18, a quick ratio of 1.58 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $55.74 million, a P/E ratio of 150.00, a price-to-earnings-growth ratio of 4.17 and a beta of -0.56. The firm’s fifty day simple moving average is $2.13 and its two-hundred day simple moving average is $2.81. Drilling Tools International has a 12 month low of $1.35 and a 12 month high of $4.69.

Drilling Tools International (NASDAQ:DTI) last announced its earnings results on Thursday, November 5th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The firm had revenue of $40.65 million for the quarter, compared to the consensus estimate of $40.87 million. Drilling Tools International had a positive return on equity of 0.58% and a negative net margin of 1.97%.

Hedge Funds Weigh In On Drilling Tools International

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Private Management Group Inc. raised its stake in shares of Drilling Tools International by 65.4% during the 3rd quarter. Private Management Group Inc. now owns 2,880,194 shares of the company’s stock worth $6,668,000 after purchasing an additional 1,138,556 shares during the period. Walleye Capital LLC bought a new stake in shares of Drilling Tools International during the 1st quarter valued at $1,243,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Drilling Tools International during the 1st quarter valued at $954,000. Bank of America Corp DE lifted its holdings in Drilling Tools International by 567,520.0% during the 1st quarter. Bank of America Corp DE now owns 141,905 shares of the company’s stock worth $614,000 after purchasing an additional 141,880 shares in the last quarter. Finally, BlackRock Inc. purchased a new stake in Drilling Tools International during the 2nd quarter worth about $254,000. Hedge funds and other institutional investors own 2.79% of the company’s stock.

Drilling Tools International Company Profile

Drilling Tools International Corporation (NASDAQ: DTI) provides rental tools and related services to the oil and gas drilling industry. The company supplies downhole equipment used in drilling, completion and production operations, serving exploration and production companies, drilling contractors and oilfield service providers.

Its product offering includes drill pipe, drill collars, heavy-weight drill pipe, stabilizers, subs, mud motors, drilling jars and other specialized downhole tools.