Dmc Global Inc (BOOM) Expected to Announce Quarterly Sales of $99.95 Million
Analysts expect that Dmc Global Inc (NASDAQ:BOOM) will announce sales of $99.95 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Dmc Global’s earnings. The highest sales estimate is $100.00 million and the lowest is $99.90 million. Dmc Global posted sales of $67.31 million in the same quarter last year, which would indicate a positive year over year growth rate of 48.5%. The business is expected to announce its next quarterly earnings report after the market closes on Thursday, April 25th.
On average, analysts expect that Dmc Global will report full year sales of $426.23 million for the current financial year, with estimates ranging from $413.10 million to $438.60 million. For the next financial year, analysts anticipate that the firm will post sales of $477.40 million, with estimates ranging from $450.20 million to $511.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Dmc Global.
Dmc Global (NASDAQ:BOOM) last released its earnings results on Thursday, February 21st. The industrial products company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.10. The company had revenue of $90.30 million during the quarter, compared to analysts’ expectations of $82.39 million. Dmc Global had a return on equity of 25.65% and a net margin of 9.34%. The firm’s revenue for the quarter was up 65.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS.
BOOM stock traded down $2.08 on Friday, reaching $66.07. 499,387 shares of the company traded hands, compared to its average volume of 194,018. Dmc Global has a one year low of $28.65 and a one year high of $70.67. The company has a quick ratio of 1.26, a current ratio of 2.05 and a debt-to-equity ratio of 0.28. The firm has a market cap of $990.32 million, a PE ratio of 31.92, a price-to-earnings-growth ratio of 0.94 and a beta of 0.66.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Sunday, March 31st were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Thursday, March 28th. Dmc Global’s dividend payout ratio (DPR) is presently 3.86%.
In other Dmc Global news, Director Yvon Pierre Cariou sold 17,393 shares of Dmc Global stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $46.71, for a total value of $812,427.03. Following the completion of the sale, the director now owns 129,135 shares of the company’s stock, valued at approximately $6,031,895.85. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.40% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Chartwell Investment Partners LLC bought a new stake in shares of Dmc Global in the 1st quarter worth $1,750,000. HRT Financial LLC bought a new stake in shares of Dmc Global in the 3rd quarter worth $208,000. JPMorgan Chase & Co. increased its holdings in shares of Dmc Global by 383.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,500 shares of the industrial products company’s stock worth $1,081,000 after purchasing an additional 21,021 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Dmc Global by 28.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 148,097 shares of the industrial products company’s stock worth $6,042,000 after purchasing an additional 33,133 shares in the last quarter. Finally, BlueMountain Capital Management LLC bought a new stake in shares of Dmc Global in the 3rd quarter worth $132,000. 88.57% of the stock is owned by institutional investors and hedge funds.
About Dmc Global
DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces and sells explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.
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