Roth Capital Weighs in on DMC Global Inc.’s Q3 2024 Earnings (NASDAQ:BOOM)

DMC Global Inc. (NASDAQ:BOOM) – Stock analysts at Roth Capital cut their Q3 2024 earnings estimates for DMC Global in a research note issued to investors on Tuesday, August 6th. Roth Capital analyst G. Sweeney now forecasts that the industrial products company will post earnings of $0.25 per share for the quarter, down from their prior forecast of $0.31. The consensus estimate for DMC Global’s current full-year earnings is $0.97 per share. Roth Capital also issued estimates for DMC Global’s Q4 2024 earnings at $0.20 EPS, FY2024 earnings at $0.95 EPS and FY2025 earnings at $1.23 EPS.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus lowered their price target on DMC Global from $24.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. StockNews.com lowered shares of DMC Global from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $24.00 target price on shares of DMC Global in a report on Wednesday, July 31st.

DMC Global Stock Down 3.4 %

BOOM stock traded down $0.41 during mid-day trading on Thursday, reaching $11.49. The company had a trading volume of 274,138 shares, compared to its average volume of 273,340. DMC Global has a 52 week low of $11.12 and a 52 week high of $27.16. The company has a market capitalization of $229.59 million, a price-to-earnings ratio of 9.42 and a beta of 1.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.54 and a quick ratio of 1.12. The stock has a 50 day simple moving average of $13.60 and a two-hundred day simple moving average of $15.59.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.16. DMC Global had a net margin of 2.29% and a return on equity of 6.09%. The company had revenue of $171.18 million during the quarter, compared to the consensus estimate of $165.45 million. During the same period in the prior year, the business posted $0.72 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BOOM. PNC Financial Services Group Inc. boosted its position in shares of DMC Global by 82.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 606 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of DMC Global in the second quarter valued at approximately $25,000. Allspring Global Investments Holdings LLC acquired a new stake in DMC Global during the first quarter worth approximately $26,000. CWM LLC grew its holdings in shares of DMC Global by 1,245.4% during the 2nd quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 2,553 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of DMC Global by 722.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,971 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 3,488 shares during the period. 77.63% of the stock is owned by institutional investors and hedge funds.

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.