Sidoti Csr Issues Negative Forecast for DTI Earnings

Drilling Tools International Co. (NASDAQ:DTI) – Equities research analysts at Sidoti Csr reduced their Q1 2025 earnings estimates for shares of Drilling Tools International in a research note issued to investors on Monday, March 17th. Sidoti Csr analyst S. Ferazani now forecasts that the company will earn $0.04 per share for the quarter, down from their previous forecast of $0.08. The consensus estimate for Drilling Tools International’s current full-year earnings is $0.38 per share. Sidoti Csr also issued estimates for Drilling Tools International’s Q2 2025 earnings at $0.07 EPS and FY2026 earnings at $0.53 EPS.

Drilling Tools International Stock Performance

NASDAQ DTI opened at $2.71 on Tuesday. Drilling Tools International has a 1 year low of $2.50 and a 1 year high of $6.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 0.99. The stock has a market capitalization of $96.46 million, a PE ratio of 9.68, a P/E/G ratio of 0.90 and a beta of -0.86. The company’s 50 day simple moving average is $3.16 and its two-hundred day simple moving average is $3.40.

Drilling Tools International (NASDAQ:DTI) last posted its earnings results on Thursday, March 13th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $38.99 million. During the same period in the prior year, the company posted $0.13 EPS.

Institutional Trading of Drilling Tools International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its position in shares of Drilling Tools International by 28.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 28,283 shares of the company’s stock valued at $105,000 after buying an additional 6,201 shares in the last quarter. Rhumbline Advisers raised its position in shares of Drilling Tools International by 42.8% during the 4th quarter. Rhumbline Advisers now owns 12,689 shares of the company’s stock valued at $41,000 after buying an additional 3,806 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Drilling Tools International by 31.5% during the 3rd quarter. Geode Capital Management LLC now owns 209,808 shares of the company’s stock valued at $783,000 after buying an additional 50,236 shares in the last quarter. Barclays PLC raised its position in shares of Drilling Tools International by 414.6% during the 3rd quarter. Barclays PLC now owns 16,730 shares of the company’s stock valued at $62,000 after buying an additional 13,479 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Drilling Tools International by 189.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,241 shares of the company’s stock valued at $75,000 after buying an additional 13,249 shares in the last quarter. Hedge funds and other institutional investors own 2.79% of the company’s stock.

Drilling Tools International Company Profile

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.