DMC Global (NASDAQ:BOOM) Posts Earnings Results, Beats Estimates By $0.16 EPS

DMC Global (NASDAQ:BOOM) announced its quarterly earnings data on Thursday. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.16, Zacks reports. DMC Global had a return on equity of 8.21% and a net margin of 3.61%. The company had revenue of $171.18 million during the quarter, compared to the consensus estimate of $165.45 million. During the same period in the previous year, the company posted $0.72 EPS. DMC Global updated its Q3 2024 guidance to EPS.

DMC Global Price Performance

Shares of BOOM traded up $0.04 during mid-day trading on Friday, hitting $12.91. 448,710 shares of the stock were exchanged, compared to its average volume of 271,075. The company has a market cap of $257.94 million, a PE ratio of 10.45 and a beta of 1.66. DMC Global has a 52-week low of $11.12 and a 52-week high of $27.16. The firm has a 50-day moving average of $13.73 and a two-hundred day moving average of $15.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.12 and a current ratio of 2.54.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Roth Mkm restated a “buy” rating and issued a $24.00 price target on shares of DMC Global in a research note on Wednesday. StockNews.com downgraded DMC Global from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. Finally, Stifel Nicolaus dropped their price target on DMC Global from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, May 6th.

DMC Global Company Profile

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.