Roth Capital Comments on DMC Global Inc.’s Q1 2024 Earnings (NASDAQ:BOOM)

DMC Global Inc. (NASDAQ:BOOM) – Research analysts at Roth Capital lowered their Q1 2024 earnings estimates for DMC Global in a report released on Thursday, May 2nd. Roth Capital analyst G. Sweeney now forecasts that the industrial products company will earn $0.18 per share for the quarter, down from their prior estimate of $0.20. The consensus estimate for DMC Global’s current full-year earnings is $1.50 per share. Roth Capital also issued estimates for DMC Global’s Q3 2024 earnings at $0.58 EPS and FY2024 earnings at $1.66 EPS.

DMC Global (NASDAQ:BOOM) last issued its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.07). The business had revenue of $174.04 million for the quarter, compared to analysts’ expectations of $170.80 million. DMC Global had a return on equity of 8.24% and a net margin of 3.61%. During the same quarter in the prior year, the company posted $0.22 EPS.

BOOM has been the subject of a number of other research reports. StockNews.com raised shares of DMC Global from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Stifel Nicolaus cut their price objective on DMC Global from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th.

DMC Global Price Performance

Shares of NASDAQ BOOM opened at $13.64 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 2.58. The firm has a fifty day moving average of $17.57 and a 200 day moving average of $17.54. The firm has a market cap of $269.94 million, a PE ratio of 11.18 and a beta of 1.59. DMC Global has a one year low of $13.56 and a one year high of $27.16.

Hedge Funds Weigh In On DMC Global

Several hedge funds and other institutional investors have recently modified their holdings of BOOM. Cerity Partners LLC acquired a new stake in DMC Global in the 4th quarter valued at about $10,378,000. Lord Abbett & CO. LLC acquired a new stake in shares of DMC Global in the third quarter valued at approximately $4,527,000. Acadian Asset Management LLC purchased a new position in DMC Global during the third quarter worth approximately $3,953,000. Wellington Management Group LLP grew its holdings in DMC Global by 59.8% in the 4th quarter. Wellington Management Group LLP now owns 379,128 shares of the industrial products company’s stock valued at $7,135,000 after buying an additional 141,809 shares in the last quarter. Finally, Roubaix Capital LLC acquired a new stake in shares of DMC Global in the 4th quarter worth $1,554,000. 77.63% of the stock is owned by hedge funds and other institutional investors.

About DMC Global

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.