Drilling Tools International (DTI) Scheduled to Post Quarterly Earnings on Friday

Drilling Tools International (NASDAQ:DTI) is set to announce its earnings results before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Drilling Tools International (NASDAQ:DTI) last announced its earnings results on Wednesday, March 27th. The company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $35.19 million for the quarter. Drilling Tools International had a return on equity of 20.30% and a net margin of 9.70%. On average, analysts expect Drilling Tools International to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Drilling Tools International Trading Up 4.8 %

Shares of DTI opened at $5.49 on Wednesday. The stock has a 50-day moving average price of $4.02 and a 200-day moving average price of $3.53. Drilling Tools International has a 12-month low of $2.43 and a 12-month high of $10.58.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group initiated coverage on Drilling Tools International in a research note on Monday, February 26th. They issued a “hold” rating and a $3.00 target price on the stock.

About Drilling Tools International

Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.