DMC Global (NASDAQ:BOOM) Releases Quarterly Earnings Results, Beats Expectations By $0.38 EPS

DMC Global (NASDAQ:BOOM) posted its quarterly earnings results on Tuesday. The industrial products company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.38, FiscalAI reports. DMC Global had a negative net margin of 3.37% and a negative return on equity of 6.84%. The business had revenue of $172.83 million during the quarter, compared to the consensus estimate of $161.10 million.

DMC Global Price Performance

NASDAQ BOOM traded down $0.02 on Tuesday, hitting $5.35. The stock had a trading volume of 1,162,962 shares, compared to its average volume of 261,079. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.19 and a current ratio of 2.56. DMC Global has a 52-week low of $4.69 and a 52-week high of $9.20. The company has a market capitalization of $109.89 million, a price-to-earnings ratio of -5.75 and a beta of 1.80. The firm has a 50-day moving average of $6.17 and a 200-day moving average of $6.56.

Wall Street Analysts Forecast Growth

BOOM has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of DMC Global in a research report on Wednesday, August 19th. Wall Street Zen upgraded shares of DMC Global from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Stifel Nicolaus boosted their price objective on DMC Global from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $9.00.

DMC Global Company Profile

DMC Global Inc (NASDAQ:BOOM) is a diversified industrial company that develops and manufactures engineered products for energy, industrial, infrastructure and building markets. The company’s operations have included businesses focused on specialty metalworking and architectural building products.

Through its DMC Clad Solutions business, DMC Global supplies explosion-welded clad metals under the NobelClad brand. These products bond dissimilar metals to create corrosion-resistant and structurally capable materials used in chemical processing, oil and gas, power generation, marine, transportation and other industrial applications.