Roth Capital Has Pessimistic View of DMC Global Q3 Earnings

DMC Global Inc. (NASDAQ:BOOM) – Equities research analysts at Roth Capital lowered their Q3 2024 earnings per share estimates for DMC Global in a research note issued to investors on Tuesday, October 22nd. Roth Capital analyst G. Sweeney now anticipates that the industrial products company will earn ($0.18) per share for the quarter, down from their prior forecast of $0.25. The consensus estimate for DMC Global’s current full-year earnings is $0.95 per share. Roth Capital also issued estimates for DMC Global’s Q4 2024 earnings at ($0.04) EPS, FY2024 earnings at $0.28 EPS and FY2025 earnings at $0.84 EPS.

DMC Global (NASDAQ:BOOM) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.16. DMC Global had a return on equity of 6.06% and a net margin of 2.29%. The firm had revenue of $171.18 million during the quarter, compared to the consensus estimate of $165.45 million. During the same period in the prior year, the business earned $0.72 EPS.

Several other research analysts have also weighed in on BOOM. Stifel Nicolaus dropped their price objective on shares of DMC Global from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Roth Mkm reaffirmed a “buy” rating and issued a $24.00 price target on shares of DMC Global in a research note on Wednesday, July 31st.

DMC Global Price Performance

NASDAQ BOOM opened at $10.36 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.53 and a quick ratio of 1.15. The firm has a market capitalization of $207.01 million, a price-to-earnings ratio of 8.49 and a beta of 1.63. The company has a 50 day simple moving average of $12.13 and a 200-day simple moving average of $13.38. DMC Global has a 52-week low of $9.70 and a 52-week high of $19.73.

Institutional Trading of DMC Global

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hunter Associates Investment Management LLC increased its holdings in shares of DMC Global by 1.6% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 352,233 shares of the industrial products company’s stock valued at $4,565,000 after acquiring an additional 5,525 shares during the last quarter. Lakewood Asset Management LLC bought a new stake in DMC Global during the third quarter worth approximately $205,000. Pacific Ridge Capital Partners LLC boosted its position in DMC Global by 25.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 392,267 shares of the industrial products company’s stock worth $5,656,000 after purchasing an additional 80,774 shares during the period. AQR Capital Management LLC grew its holdings in DMC Global by 202.7% during the second quarter. AQR Capital Management LLC now owns 252,587 shares of the industrial products company’s stock valued at $3,642,000 after purchasing an additional 169,150 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of DMC Global by 30.2% in the second quarter. Squarepoint Ops LLC now owns 111,644 shares of the industrial products company’s stock valued at $1,610,000 after purchasing an additional 25,921 shares during the period. Institutional investors and hedge funds own 77.63% of the company’s stock.

About DMC Global

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.