Sidoti Brokers Decrease Earnings Estimates for DTI

Drilling Tools International Corp. (NASDAQ:DTI) – Equities research analysts at Sidoti reduced their FY2026 earnings per share estimates for shares of Drilling Tools International in a report issued on Monday, November 9th. Sidoti analyst S. Ferazani now forecasts that the company will post earnings of ($0.02) per share for the year, down from their previous estimate of $0.04. The consensus estimate for Drilling Tools International’s current full-year earnings is $0.04 per share.

Drilling Tools International (NASDAQ:DTI) last posted its earnings results on Thursday, November 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The business had revenue of $40.65 million for the quarter, compared to the consensus estimate of $40.87 million. Drilling Tools International had a negative return on equity of 0.40% and a negative net margin of 3.06%.

A number of other brokerages have also commented on DTI. Jefferies Financial Group reaffirmed a “hold” rating and issued a $2.80 price objective on shares of Drilling Tools International in a research report on Sunday, August 9th. Zacks Research cut Drilling Tools International from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Drilling Tools International in a report on Monday, October 26th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Sell” and a consensus price target of $2.80.

Drilling Tools International Stock Down 6.3%

Drilling Tools International stock opened at $1.48 on Wednesday. The company has a 50 day moving average of $2.11 and a 200-day moving average of $2.80. The company has a quick ratio of 1.58, a current ratio of 2.08 and a debt-to-equity ratio of 0.37. Drilling Tools International has a twelve month low of $1.35 and a twelve month high of $4.69. The stock has a market capitalization of $52.21 million, a PE ratio of -11.38, a price-to-earnings-growth ratio of 4.39 and a beta of -0.56.

Institutional Investors Weigh In On Drilling Tools International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DTI. Squarepoint Ops LLC bought a new stake in Drilling Tools International during the 2nd quarter worth about $34,000. OMERS ADMINISTRATION Corp bought a new position in shares of Drilling Tools International in the 1st quarter valued at about $80,000. Bfsg LLC grew its holdings in shares of Drilling Tools International by 45.1% in the 3rd quarter. Bfsg LLC now owns 21,265 shares of the company’s stock valued at $49,000 after acquiring an additional 6,610 shares in the last quarter. Engineers Gate Manager LP increased its position in shares of Drilling Tools International by 129.2% in the second quarter. Engineers Gate Manager LP now owns 37,825 shares of the company’s stock valued at $73,000 after acquiring an additional 21,319 shares during the last quarter. Finally, AXQ Capital LP increased its position in shares of Drilling Tools International by 93.5% in the second quarter. AXQ Capital LP now owns 48,048 shares of the company’s stock valued at $93,000 after acquiring an additional 23,213 shares during the last quarter. 2.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Drilling Tools International

In other news, CFO David Richard Johnson purchased 30,350 shares of Drilling Tools International stock in a transaction on Monday, November 9th. The stock was purchased at an average price of $1.65 per share, with a total value of $50,077.50. Following the transaction, the chief financial officer directly owned 97,780 shares in the company, valued at $161,337. The trade was a 45.01% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ira Harris Green, Jr. purchased 25,000 shares of Drilling Tools International stock in a transaction on Monday, November 9th. The shares were purchased at an average cost of $1.63 per share, with a total value of $40,750.00. Following the transaction, the director owned 42,207 shares in the company, valued at approximately $68,797.41. The trade was a 145.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 155,350 shares of company stock worth $254,828. Corporate insiders own 17.10% of the company’s stock.

Trending Headlines about Drilling Tools International

Here are the key news stories impacting Drilling Tools International this week:

• Positive Sentiment: Three company insiders bought a combined 155,350 shares for approximately $255,000. CEO Robert Prejean bought 100,000 shares, while the CFO and a director also increased their holdings—a potentially encouraging signal of management confidence. CEO SEC filing CFO SEC filing Director SEC filing
• Neutral Sentiment: Reported short interest was zero shares, indicating no measurable short position in the figures provided.
• Negative Sentiment: DTI’s third-quarter adjusted results missed expectations: it reported a $0.01-per-share loss versus the consensus forecast for $0.04 in earnings. Higher costs offset stronger drilling activity, while increased capital spending weighs on the 2026 free-cash-flow outlook. Zacks earnings article
• Negative Sentiment: Sidoti lowered its FY2026 earnings estimate to a loss of $0.02 per share from earnings of $0.04, and cut its FY2027 estimate to $0.13 from $0.16. The estimate reductions add to concerns about the company’s near-term earnings outlook.

About Drilling Tools International

Drilling Tools International Corporation (NASDAQ: DTI) provides rental tools and related services to the oil and gas drilling industry. The company supplies downhole equipment used in drilling, completion and production operations, serving exploration and production companies, drilling contractors and oilfield service providers. Its product offering includes drill pipe, drill collars, heavy-weight drill pipe, stabilizers, subs, mud motors, drilling jars and other specialized downhole tools. Drilling Tools International also provides equipment inspection, maintenance, repair, refurbishment and machining services intended to support the safe and efficient use of drilling equipment.