Dmc Global Inc (BOOM) Expected to Announce Quarterly Sales of $83.35 Million

Wall Street brokerages expect Dmc Global Inc (NASDAQ:BOOM) to post sales of $83.35 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Dmc Global’s earnings. The lowest sales estimate is $83.00 million and the highest is $83.70 million. Dmc Global posted sales of $52.16 million in the same quarter last year, which would indicate a positive year over year growth rate of 59.8%. The firm is expected to report its next earnings results after the market closes on Thursday, October 25th.

On average, analysts expect that Dmc Global will report full year sales of $316.68 million for the current financial year, with estimates ranging from $314.10 million to $318.70 million. For the next financial year, analysts forecast that the firm will report sales of $357.67 million, with estimates ranging from $351.00 million to $370.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Dmc Global.

Dmc Global (NASDAQ:BOOM) last released its quarterly earnings results on Thursday, July 26th. The industrial products company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The business had revenue of $80.90 million during the quarter, compared to analyst estimates of $74.95 million. Dmc Global had a positive return on equity of 16.70% and a negative net margin of 2.25%. Dmc Global’s quarterly revenue was up 71.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 EPS.

A number of research analysts have commented on the company. Zacks Investment Research raised Dmc Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 26th. Stifel Nicolaus assumed coverage on Dmc Global in a research report on Monday, September 10th. They set a “buy” rating and a $53.00 price target for the company. BidaskClub lowered Dmc Global from a “buy” rating to a “hold” rating in a research report on Saturday, September 8th. TheStreet raised Dmc Global from a “c” rating to a “b-” rating in a research report on Wednesday, September 5th. Finally, Roth Capital set a $58.00 price target on Dmc Global and gave the company a “buy” rating in a research report on Saturday, July 28th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $49.75.

In other Dmc Global news, Director Yvon Pierre Cariou sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $42.97, for a total transaction of $1,074,250.00. Following the transaction, the director now owns 144,823 shares in the company, valued at approximately $6,223,044.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Edgar Scheatzle, Jr. sold 1,299 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $41.41, for a total value of $53,791.59. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. Macquarie Group Ltd. purchased a new position in shares of Dmc Global during the 2nd quarter worth approximately $135,000. ClariVest Asset Management LLC grew its holdings in shares of Dmc Global by 22,957.1% during the 2nd quarter. ClariVest Asset Management LLC now owns 3,228 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 3,214 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Dmc Global by 13.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 30,094 shares of the industrial products company’s stock worth $806,000 after acquiring an additional 3,600 shares during the period. Raymond James & Associates purchased a new position in shares of Dmc Global during the 2nd quarter worth approximately $230,000. Finally, Shepherd Kaplan Krochuk LLC purchased a new position in shares of Dmc Global during the 2nd quarter worth approximately $248,000. Hedge funds and other institutional investors own 84.80% of the company’s stock.

BOOM traded up $0.55 during midday trading on Wednesday, reaching $37.20. 114,432 shares of the company’s stock traded hands, compared to its average volume of 117,492. The firm has a market capitalization of $607.46 million, a price-to-earnings ratio of 232.50, a PEG ratio of 1.06 and a beta of 0.43. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.22 and a quick ratio of 1.30. Dmc Global has a 52 week low of $17.20 and a 52 week high of $51.05.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Sunday, September 30th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Thursday, September 27th. Dmc Global’s payout ratio is 50.00%.

About Dmc Global

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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