Equities analysts expect Dmc Global Inc (NASDAQ:BOOM) to announce $82.00 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Dmc Global’s earnings. Dmc Global posted sales of $54.49 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 50.5%. The business is expected to issue its next earnings report on Thursday, March 14th.
On average, analysts expect that Dmc Global will report full year sales of $318.30 million for the current financial year, with estimates ranging from $318.10 million to $318.70 million. For the next fiscal year, analysts forecast that the company will post sales of $355.30 million, with estimates ranging from $345.00 million to $369.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Dmc Global.
Dmc Global (NASDAQ:BOOM) last issued its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.19. Dmc Global had a net margin of 4.56% and a return on equity of 22.24%. The company had revenue of $87.88 million during the quarter, compared to the consensus estimate of $83.35 million.
NASDAQ BOOM traded down $1.51 on Friday, reaching $37.77. The company’s stock had a trading volume of 45,031 shares, compared to its average volume of 129,191. Dmc Global has a twelve month low of $18.56 and a twelve month high of $51.05. The company has a current ratio of 2.15, a quick ratio of 1.28 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $600.86 million, a price-to-earnings ratio of 236.06, a PEG ratio of 1.01 and a beta of 0.55.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Sunday, September 30th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend was Thursday, September 27th. Dmc Global’s dividend payout ratio is presently 50.00%.
In other Dmc Global news, insider John Edgar Scheatzle, Jr. sold 1,299 shares of the company’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $41.41, for a total transaction of $53,791.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Yvon Pierre Cariou sold 25,000 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $42.97, for a total transaction of $1,074,250.00. Following the sale, the director now directly owns 144,823 shares of the company’s stock, valued at $6,223,044.31. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Dmc Global by 3.4% during the second quarter. BlackRock Inc. now owns 978,005 shares of the industrial products company’s stock valued at $43,911,000 after buying an additional 31,775 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Dmc Global by 39.1% during the second quarter. Renaissance Technologies LLC now owns 308,100 shares of the industrial products company’s stock valued at $13,834,000 after buying an additional 86,632 shares in the last quarter. Millennium Management LLC lifted its position in shares of Dmc Global by 301.6% in the first quarter. Millennium Management LLC now owns 198,046 shares of the industrial products company’s stock worth $5,298,000 after purchasing an additional 148,737 shares in the last quarter. Manatuck Hill Partners LLC lifted its position in shares of Dmc Global by 631.9% in the second quarter. Manatuck Hill Partners LLC now owns 182,979 shares of the industrial products company’s stock worth $8,216,000 after purchasing an additional 157,979 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Dmc Global by 13.2% in the second quarter. Northern Trust Corp now owns 174,169 shares of the industrial products company’s stock worth $7,820,000 after purchasing an additional 20,242 shares in the last quarter. 84.38% of the stock is owned by institutional investors.
Dmc Global Company Profile
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.
Further Reading: Institutional Investors
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