DMC Global (NASDAQ:BOOM) Posts Earnings Results, Misses Expectations By $0.40 EPS

Posted by Scott Moore on Nov 7th, 2024

DMC Global (NASDAQ:BOOM – Get Free Report) announced its quarterly earnings data on Monday. The industrial products company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.40), Zacks reports. The company had revenue of $152.43 million for the quarter, compared to analyst estimates of $152.00 million. DMC Global had a return on equity of 6.06% and a net margin of 2.29%. During the same period last year, the firm earned $0.50 earnings per share. DMC Global updated its Q4 2024 guidance to EPS.

DMC Global Stock Down 3.2 %

NASDAQ BOOM traded down $0.32 during trading hours on Thursday, hitting $9.56. 77,058 shares of the company traded hands, compared to its average volume of 262,225. The business’s 50-day moving average is $11.84 and its 200-day moving average is $12.93. DMC Global has a twelve month low of $8.60 and a twelve month high of $19.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.15 and a current ratio of 2.53. The stock has a market capitalization of $191.57 million, a price-to-earnings ratio of -1.25 and a beta of 1.66.

Analyst Ratings Changes

Several research analysts have weighed in on BOOM shares. Roth Mkm reiterated a “buy” rating and set a $24.00 target price on shares of DMC Global in a report on Wednesday, July 31st. Stifel Nicolaus cut their price target on DMC Global from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Finally, StockNews.com lowered DMC Global from a “hold” rating to a “sell” rating in a report on Wednesday.

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DMC Global Company Profile

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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.