Dmc Global (BOOM) Issues Earnings Results

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Dmc Global (NASDAQ:BOOM) issued its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.19, Fidelity Earnings reports. The business had revenue of $87.88 million for the quarter, compared to analyst estimates of $83.35 million. Dmc Global had a return on equity of 22.24% and a net margin of 4.56%.

Shares of Dmc Global stock traded down $1.51 during midday trading on Friday, hitting $37.77. 45,031 shares of the company were exchanged, compared to its average volume of 129,191. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.15 and a quick ratio of 1.28. Dmc Global has a 52 week low of $18.56 and a 52 week high of $51.05. The company has a market capitalization of $600.86 million, a PE ratio of 236.06, a price-to-earnings-growth ratio of 1.01 and a beta of 0.55.

The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Sunday, September 30th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.08 annualized dividend and a dividend yield of 0.21%. Dmc Global’s dividend payout ratio (DPR) is presently 50.00%.

In other news, insider John Edgar Scheatzle, Jr. sold 1,299 shares of Dmc Global stock in a transaction on Friday, August 17th. The stock was sold at an average price of $41.41, for a total value of $53,791.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Yvon Pierre Cariou sold 25,000 shares of Dmc Global stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $42.97, for a total value of $1,074,250.00. Following the completion of the sale, the director now directly owns 144,823 shares of the company’s stock, valued at $6,223,044.31. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

A number of analysts have issued reports on BOOM shares. BidaskClub lowered Dmc Global from a “buy” rating to a “hold” rating in a report on Saturday, September 8th. ValuEngine upgraded Dmc Global from a “hold” rating to a “buy” rating in a research report on Monday, October 29th. Roth Capital set a $58.00 price objective on Dmc Global and gave the stock a “buy” rating in a research report on Saturday, July 28th. Sidoti upgraded Dmc Global from a “neutral” rating to a “buy” rating in a research report on Friday, October 26th. Finally, TheStreet upgraded Dmc Global from a “c” rating to a “b-” rating in a research report on Wednesday, September 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Dmc Global currently has an average rating of “Buy” and an average price target of $51.00.

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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 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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Earnings History for Dmc Global (NASDAQ:BOOM)

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