Brokers Offer Predictions for DMC Global Inc.’s Q4 2024 Earnings (NASDAQ:BOOM)

DMC Global Inc. (NASDAQ:BOOM) – Research analysts at Roth Capital reduced their Q4 2024 earnings per share estimates for shares of DMC Global in a report issued on Thursday, May 2nd. Roth Capital analyst G. Sweeney now forecasts that the industrial products company will earn $0.57 per share for the quarter, down from their prior forecast of $0.58. The consensus estimate for DMC Global’s current full-year earnings is $1.50 per share.

DMC Global (NASDAQ:BOOM) last posted its earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.07). The business had revenue of $174.04 million for the quarter, compared to the consensus estimate of $170.80 million. DMC Global had a return on equity of 8.21% and a net margin of 3.61%. During the same quarter in the prior year, the firm posted $0.22 earnings per share.

BOOM has been the topic of several other reports. Stifel Nicolaus cut their price objective on shares of DMC Global from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday. StockNews.com cut DMC Global from a “buy” rating to a “hold” rating in a research report on Monday.

DMC Global Price Performance

Shares of BOOM opened at $13.20 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.12 and a current ratio of 2.54. The firm has a market capitalization of $263.74 million, a PE ratio of 10.82 and a beta of 1.59. The stock has a 50 day simple moving average of $17.57 and a 200 day simple moving average of $17.50. DMC Global has a 52-week low of $12.97 and a 52-week high of $27.16.

Institutional Trading of DMC Global

A number of institutional investors have recently made changes to their positions in the business. Empowered Funds LLC grew its holdings in shares of DMC Global by 8.0% in the 1st quarter. Empowered Funds LLC now owns 80,335 shares of the industrial products company’s stock valued at $1,566,000 after acquiring an additional 5,950 shares in the last quarter. Hunter Associates Investment Management LLC lifted its stake in shares of DMC Global by 4.9% during the 1st quarter. Hunter Associates Investment Management LLC now owns 342,268 shares of the industrial products company’s stock worth $6,660,000 after buying an additional 16,025 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of DMC Global by 68.4% during the first quarter. BNP Paribas Financial Markets now owns 9,783 shares of the industrial products company’s stock worth $191,000 after acquiring an additional 3,974 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in DMC Global in the 1st quarter valued at $26,000. Finally, Rice Hall James & Associates LLC grew its stake in shares of DMC Global by 0.7% in the first quarter. Rice Hall James & Associates LLC now owns 110,970 shares of the industrial products company’s stock valued at $2,163,000 after acquiring an additional 757 shares in the last quarter. Institutional investors own 77.63% of the company’s stock.

DMC Global Company Profile

DMC Global Inc provides a suite of engineered products and various solutions for the construction, energy, industrial processing, and transportation markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building products, including exterior and interior framing systems, curtain walls, windows, doors, and interior partitions; architectural components, architectural framing systems, entrance systems, and sun control products; sliding and glazing systems; and thermally broken steel, aluminum windows and doors, and wood doors and windows.