Analysts predict that Dmc Global Inc (NASDAQ:BOOM) will announce sales of $104.95 million for the current quarter, according to Zacks. Two analysts have made estimates for Dmc Global’s earnings. The lowest sales estimate is $104.00 million and the highest is $105.90 million. Dmc Global posted sales of $80.92 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 29.7%. The firm is expected to issue its next quarterly earnings results on Thursday, July 25th.
According to Zacks, analysts expect that Dmc Global will report full-year sales of $422.22 million for the current financial year, with estimates ranging from $420.14 million to $424.30 million. For the next financial year, analysts anticipate 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 an average based on a survey of research firms that cover Dmc Global.
Dmc Global (NASDAQ:BOOM) last released its earnings results on Thursday, April 25th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.28. Dmc Global had a return on equity of 30.04% and a net margin of 11.61%. The business had revenue of $100.10 million for the quarter, compared to analyst estimates of $99.95 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 48.7% compared to the same quarter last year.
In other Dmc Global news, Director Richard P. Graff sold 1,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.44, for a total value of $65,440.00. Following the sale, the director now owns 32,243 shares of the company’s stock, valued at $2,109,981.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Kuta sold 4,328 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $70.69, for a total value of $305,946.32. Following the completion of the sale, the chief financial officer now directly owns 90,264 shares in the company, valued at approximately $6,380,762.16. The disclosure for this sale can be found here. Insiders sold 6,828 shares of company stock worth $474,481 in the last three months. 4.40% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of BOOM. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Dmc Global in the first quarter valued at $78,000. Quantamental Technologies LLC lifted its position in shares of Dmc Global by 29.6% in the first quarter. Quantamental Technologies LLC now owns 1,707 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 390 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Dmc Global by 16.0% in the fourth quarter. Legal & General Group Plc now owns 2,580 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 356 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Dmc Global by 4,820.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 2,706 shares of the industrial products company’s stock valued at $92,000 after acquiring an additional 2,651 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Dmc Global in the first quarter valued at $178,000. 89.34% of the stock is currently owned by institutional investors.
BOOM stock traded up $1.77 on Friday, reaching $61.84. 238,672 shares of the company’s stock were exchanged, compared to its average volume of 258,920. The company has a fifty day moving average of $67.50. Dmc Global has a twelve month low of $30.25 and a twelve month high of $76.68. The company has a market cap of $899.85 million, a price-to-earnings ratio of 29.85, a PEG ratio of 0.85 and a beta of 0.82. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 2.18.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Sunday, June 30th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.13%. The ex-dividend date is Thursday, June 27th. Dmc Global’s dividend payout ratio (DPR) is 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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