Drilling Tools International (NASDAQ:DTI) Posts Earnings Results

Drilling Tools International (NASDAQ:DTI) released its quarterly earnings results on Thursday. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01, Zacks reports. Drilling Tools International had a return on equity of 15.38% and a net margin of 5.46%. Drilling Tools International updated its FY 2025 guidance to EPS.

Drilling Tools International Trading Down 4.6 %

Shares of Drilling Tools International stock traded down $0.13 on Thursday, hitting $2.71. 77,042 shares of the company’s stock traded hands, compared to its average volume of 49,042. Drilling Tools International has a one year low of $2.50 and a one year high of $6.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 0.99. The company has a fifty day moving average of $3.21 and a two-hundred day moving average of $3.45. The company has a market capitalization of $96.46 million, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 0.90 and a beta of -0.86.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners cut their target price on Drilling Tools International from $7.50 to $5.50 and set a “buy” rating on the stock in a research report on Friday, November 15th.

About Drilling Tools International

Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.