Analysts expect that Dmc Global Inc (NASDAQ:BOOM) will post sales of $104.95 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Dmc Global’s earnings, with estimates ranging from $104.00 million to $105.90 million. Dmc Global reported sales of $80.92 million during the same quarter last year, which would indicate a positive year over year growth rate of 29.7%. The firm is scheduled to announce its next quarterly earnings report on Thursday, July 25th.
On average, analysts expect that Dmc Global will report full-year sales of $422.22 million for the current year, with estimates ranging from $420.14 million to $424.30 million. For the next fiscal year, analysts forecast that the company will post sales of $470.33 million, with estimates ranging from $450.20 million to $497.80 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Dmc Global.
Dmc Global (NASDAQ:BOOM) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.28. Dmc Global had a net margin of 11.61% and a return on equity of 30.04%. The business had revenue of $100.10 million for the quarter, compared to the consensus estimate of $99.95 million. During the same quarter last year, the company posted $0.49 earnings per share. Dmc Global’s quarterly revenue was up 48.7% on a year-over-year basis.
In related news, insider Ian Grieves sold 1,500 shares of Dmc Global stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $68.73, for a total transaction of $103,095.00. Following the transaction, the insider now directly owns 26,988 shares in the company, valued at $1,854,885.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Yvon Pierre Cariou sold 17,393 shares of Dmc Global stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $46.71, for a total value of $812,427.03. Following the transaction, the director now owns 129,135 shares in the company, valued at $6,031,895.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,828 shares of company stock valued at $1,583,257. 4.40% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Chartwell Investment Partners LLC bought a new stake in Dmc Global during the first quarter valued at about $1,750,000. Bank of New York Mellon Corp raised its holdings in Dmc Global by 10.2% during the fourth quarter. Bank of New York Mellon Corp now owns 61,882 shares of the industrial products company’s stock valued at $2,174,000 after acquiring an additional 5,751 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Dmc Global by 17.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 46,500 shares of the industrial products company’s stock valued at $1,633,000 after acquiring an additional 6,900 shares during the period. Lord Abbett & CO. LLC raised its holdings in Dmc Global by 17.9% during the fourth quarter. Lord Abbett & CO. LLC now owns 234,221 shares of the industrial products company’s stock valued at $8,226,000 after acquiring an additional 35,611 shares during the period. Finally, Marshall Wace North America L.P. bought a new stake in Dmc Global during the third quarter valued at about $739,000. Institutional investors own 88.86% of the company’s stock.
NASDAQ:BOOM traded up $3.31 on Monday, hitting $69.93. 8,101 shares of the stock were exchanged, compared to its average volume of 213,066. The stock has a market capitalization of $989.01 million, a P/E ratio of 33.64, a P/E/G ratio of 0.92 and a beta of 0.83. Dmc Global has a 52 week low of $30.25 and a 52 week high of $71.38. The company has a current ratio of 2.18, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27.
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 0.11%. The ex-dividend date was Thursday, March 28th. Dmc Global’s dividend payout ratio (DPR) is presently 3.86%.
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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