Drilling Tools International (DTI) Expected to Announce Quarterly Earnings on Wednesday

Drilling Tools International (NASDAQ:DTI) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $36.08 million for the quarter. Drilling Tools International has set its FY 2025 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Drilling Tools International (NASDAQ:DTI) last released its quarterly earnings results on Thursday, March 13th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Drilling Tools International had a net margin of 5.46% and a return on equity of 15.38%. The business had revenue of $39.85 million during the quarter, compared to the consensus estimate of $38.99 million. During the same quarter last year, the company earned $0.13 earnings per share. On average, analysts expect Drilling Tools International to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Drilling Tools International Stock Performance

Shares of DTI opened at $2.71 on Wednesday. The business’s fifty day moving average price is $3.16 and its 200 day moving average price is $3.40. Drilling Tools International has a 12-month low of $2.50 and a 12-month high of $6.36. The stock has a market capitalization of $96.46 million, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.90 and a beta of -0.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 0.99.

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.