DMC Global (NASDAQ:BOOM) Releases Earnings Results, Misses Expectations By $0.40 EPS

DMC Global (NASDAQ:BOOM) posted its quarterly earnings results on Monday. The industrial products company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.40), Zacks reports. DMC Global had a return on equity of 6.06% and a net margin of 2.29%. The firm had revenue of $152.43 million during the quarter, compared to analyst estimates of $152.00 million. During the same quarter last year, the business posted $0.50 earnings per share. DMC Global updated its Q4 2024 guidance to EPS.

DMC Global Stock Performance

Shares of BOOM traded down $1.07 during mid-day trading on Tuesday, reaching $8.77. 155,456 shares of the company’s stock traded hands, compared to its average volume of 260,122. DMC Global has a 12 month low of $8.70 and a 12 month high of $19.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.15 and a current ratio of 2.53. The stock has a market capitalization of $175.75 million, a P/E ratio of 12.95 and a beta of 1.66. The business’s 50-day moving average price is $11.99 and its 200-day moving average price is $13.06.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BOOM. Stifel Nicolaus reduced their price target on shares of DMC Global from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Roth Mkm reissued a “buy” rating and issued a $24.00 price target on shares of DMC Global in a report on Wednesday, July 31st.

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.