Wall Street brokerages expect Dmc Global Inc (NASDAQ:BOOM) to announce sales of $82.00 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Dmc Global’s earnings. Dmc Global reported 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 firm is expected to report its next earnings report on Thursday, March 14th.
According to Zacks, analysts expect that Dmc Global will report full-year sales of $318.44 million for the current fiscal year, with estimates ranging from $318.10 million to $319.10 million. For the next fiscal year, analysts forecast that the firm will report sales of $353.07 million, with estimates ranging from $345.00 million to $359.80 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Dmc Global.
Several brokerages have recently issued reports on BOOM. BidaskClub lowered Dmc Global from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. Zacks Investment Research lowered Dmc Global from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. Stephens began coverage on Dmc Global in a research report on Wednesday, January 9th. They set an “overweight” rating and a $50.00 target price for the company. Finally, ValuEngine lowered Dmc Global from a “buy” rating to a “hold” rating in a research report on Saturday, November 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $50.60.
Shares of Dmc Global stock traded down $0.54 during trading hours on Monday, hitting $34.63. 43,272 shares of the company’s stock traded hands, compared to its average volume of 55,895. Dmc Global has a 12-month low of $20.80 and a 12-month high of $51.05. The firm has a market cap of $523.98 million, a PE ratio of 216.44, a P/E/G ratio of 0.72 and a beta of 0.48. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.15 and a quick ratio of 1.28.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, December 28th. Dmc Global’s dividend payout ratio is presently 50.00%.
Several hedge funds have recently bought and sold shares of the company. Quantamental Technologies LLC bought a new position in shares of Dmc Global during the 4th quarter worth $46,000. Teachers Advisors LLC grew its stake in shares of Dmc Global by 8.3% during the 3rd quarter. Teachers Advisors LLC now owns 27,080 shares of the industrial products company’s stock worth $1,105,000 after acquiring an additional 2,078 shares during the period. Group One Trading L.P. bought a new position in shares of Dmc Global during the 4th quarter worth $92,000. Macquarie Group Ltd. bought a new position in shares of Dmc Global during the 2nd quarter worth $135,000. Finally, BlueMountain Capital Management LLC bought a new position in shares of Dmc Global during the 3rd quarter worth $132,000. Institutional investors own 87.05% of the company’s stock.
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.
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