Wall Street analysts expect that Dmc Global Inc (NASDAQ:BOOM) will post earnings of $0.49 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Dmc Global’s earnings. Dmc Global reported earnings per share of $0.22 during the same quarter last year, which suggests a positive year over year growth rate of 122.7%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, October 25th.

According to Zacks, analysts expect that Dmc Global will report full-year earnings of $1.89 per share for the current year, with EPS estimates ranging from $1.88 to $1.90. For the next financial year, analysts forecast that the firm will post earnings of $2.50 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Dmc Global.

Dmc Global (NASDAQ:BOOM) last issued its earnings results on Thursday, July 26th. The industrial products company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. The company had revenue of $80.90 million during the quarter, compared to analysts’ expectations of $74.95 million. Dmc Global had a positive return on equity of 16.70% and a negative net margin of 2.25%. Dmc Global’s quarterly revenue was up 71.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 EPS.

Several equities research analysts recently weighed in on BOOM shares. BidaskClub cut Dmc Global from a “buy” rating to a “hold” rating in a report on Saturday, September 8th. Chardan Capital started coverage on Dmc Global in a report on Thursday, July 5th. They set a “buy” rating and a $59.00 target price for the company. Roth Capital set a $58.00 target price on Dmc Global and gave the company a “buy” rating in a report on Saturday, July 28th. TheStreet upgraded Dmc Global from a “c” rating to a “b-” rating in a report on Wednesday, September 5th. Finally, Zacks Investment Research cut Dmc Global from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, July 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $49.75.

BOOM stock traded up $0.55 during trading on Monday, hitting $37.20. 114,432 shares of the company traded hands, compared to its average volume of 117,492. The stock has a market capitalization of $607.46 million, a PE ratio of 232.50, a P/E/G ratio of 1.06 and a beta of 0.43. Dmc Global has a 1 year low of $17.20 and a 1 year high of $51.05. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.22 and a quick ratio of 1.30.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Sunday, September 30th will be paid a $0.02 dividend. The ex-dividend date is Thursday, September 27th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.22%. Dmc Global’s dividend payout ratio (DPR) is currently 50.00%.

In other news, Director Yvon Pierre Cariou sold 25,000 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $42.97, for a total value of $1,074,250.00. Following the transaction, the director now directly owns 144,823 shares in the company, valued at approximately $6,223,044.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John Edgar Scheatzle, Jr. sold 1,299 shares of the firm’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $41.41, for a total value of $53,791.59. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp lifted its position in Dmc Global by 13.2% during the second quarter. Northern Trust Corp now owns 174,169 shares of the industrial products company’s stock valued at $7,820,000 after purchasing an additional 20,242 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Dmc Global during the second quarter valued at $135,000. Voya Investment Management LLC purchased a new position in Dmc Global during the second quarter valued at $255,000. Manatuck Hill Partners LLC lifted its position in Dmc Global by 631.9% during the second quarter. Manatuck Hill Partners LLC now owns 182,979 shares of the industrial products company’s stock valued at $8,216,000 after purchasing an additional 157,979 shares in the last quarter. Finally, Raymond James & Associates purchased a new position in Dmc Global during the second quarter valued at $230,000. Hedge funds and other institutional investors own 84.80% of the company’s stock.

Dmc Global Company Profile

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 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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