DMC Global (NASDAQ:BOOM) Posts Earnings Results

DMC Global (NASDAQ:BOOM) released its quarterly earnings results on Thursday. The industrial products company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.13 by $0.16, Zacks reports. The company had revenue of $171.18 million during the quarter, compared to analyst estimates of $165.45 million. DMC Global had a return on equity of 8.21% and a net margin of 3.61%. During the same quarter last year, the business posted $0.72 earnings per share. DMC Global updated its Q3 2024 guidance to EPS.

DMC Global Stock Down 0.9 %

BOOM traded down $0.12 on Friday, hitting $12.75. The company had a trading volume of 229,725 shares, compared to its average volume of 270,312. The stock has a market capitalization of $254.75 million, a price-to-earnings ratio of 10.55 and a beta of 1.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.12 and a current ratio of 2.54. The stock has a fifty day moving average price of $13.73 and a 200-day moving average price of $15.79. DMC Global has a 12-month low of $11.12 and a 12-month high of $27.16.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. StockNews.com lowered DMC Global from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. Stifel Nicolaus reduced their price target on shares of DMC Global from $27.00 to $24.00 and set a “buy” rating for the company in a report on Monday, May 6th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $24.00 price target on shares of DMC Global in a research report on Wednesday.

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.