Equities Analysts Set Expectations for DTI FY2027 Earnings

Drilling Tools International Corp. (NASDAQ:DTI) – Sidoti reduced their FY2027 EPS estimates for shares of Drilling Tools International in a research report issued to clients and investors on Thursday, October 15th. Sidoti analyst S. Ferazani now anticipates that the company will post earnings per share of $0.16 for the year, down from their previous estimate of $0.30. The consensus estimate for Drilling Tools International’s current full-year earnings is $0.04 per share.

Drilling Tools International (NASDAQ:DTI) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Drilling Tools International had a positive return on equity of 0.58% and a negative net margin of 1.97%. The company had revenue of $38.07 million for the quarter, compared to the consensus estimate of $38.72 million.

Several other equities analysts have also commented on the company. Jefferies Financial Group reiterated a “hold” rating and set a $2.80 price objective on shares of Drilling Tools International in a research report on Sunday, August 9th. Weiss Ratings cut Drilling Tools International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 28th. Finally, Zacks Research downgraded Drilling Tools International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Drilling Tools International presently has a consensus rating of “Reduce” and an average target price of $2.80.

Drilling Tools International Trading Up 1.1%

Shares of DTI stock opened at $1.88 on Monday. The company has a quick ratio of 1.58, a current ratio of 2.18 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $2.39 and a two-hundred day moving average price of $2.60. Drilling Tools International has a 12-month low of $1.61 and a 12-month high of $4.69. The firm has a market cap of $66.33 million, a P/E ratio of 186.00, a price-to-earnings-growth ratio of 5.17 and a beta of -0.61.

Hedge Funds Weigh In On Drilling Tools International

Institutional investors and hedge funds have recently made changes to their positions in the business. Private Management Group Inc. purchased a new stake in Drilling Tools International during the second quarter valued at about $3,361,000. Walleye Capital LLC bought a new position in shares of Drilling Tools International during the first quarter valued at about $1,243,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Drilling Tools International in the first quarter worth about $954,000. Bank of America Corp DE increased its holdings in shares of Drilling Tools International by 567,520.0% in the first quarter. Bank of America Corp DE now owns 141,905 shares of the company’s stock worth $614,000 after buying an additional 141,880 shares during the period. Finally, BlackRock Inc. purchased a new position in shares of Drilling Tools International in the second quarter worth about $254,000. Institutional investors own 2.79% of the company’s stock.

Drilling Tools International Company Profile

Drilling Tools International Corp. (NASDAQ: DTI) is an oilfield services company that provides downhole drilling tools and related equipment to exploration and production companies, drilling contractors and other energy-sector customers. The company’s offerings are designed for use in onshore and offshore drilling operations, including applications involving directional drilling, well construction and completion.

Its product portfolio includes drill collars, heavy-weight drill pipe, stabilizers, subs, drilling jars, downhole motors and other specialized drilling tools.