Drilling Tools International (DTI) Scheduled to Post Earnings on Tuesday

Drilling Tools International (NASDAQ:DTI) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Drilling Tools International has set its FY 2024 guidance at EPS.

Drilling Tools International (NASDAQ:DTI) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Drilling Tools International had a return on equity of 14.88% and a net margin of 8.21%. The company had revenue of $36.97 million during the quarter. 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 Price Performance

Shares of DTI stock traded down $0.01 during trading hours on Tuesday, hitting $5.34. 4,544 shares of the company’s stock were exchanged, compared to its average volume of 49,056. The business’s 50 day simple moving average is $5.65 and its 200-day simple moving average is $4.45. The company has a current ratio of 1.92, a quick ratio of 1.59 and a debt-to-equity ratio of 0.22. Drilling Tools International has a 12-month low of $2.43 and a 12-month high of $6.36. The company has a market capitalization of $158.97 million, a PE ratio of 12.44, a PEG ratio of 0.96 and a beta of -0.93.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners assumed coverage on shares of Drilling Tools International in a research note on Monday, July 1st. They issued a “buy” rating and a $8.50 price target for the company.

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.