DMC Global (NASDAQ:BOOM) Announces Quarterly Earnings Results, Misses Estimates By $0.40 EPS

Posted by Jared Coughlin on Nov 5th, 2024

DMC Global (NASDAQ:BOOM – Get Free Report) released its earnings results on Monday. The industrial products company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.40), Zacks reports. The firm had revenue of $152.43 million for the quarter, compared to analyst estimates of $152.00 million. DMC Global had a return on equity of 6.06% and a net margin of 2.29%. During the same period in the prior year, the firm earned $0.50 EPS. DMC Global updated its Q4 2024 guidance to EPS.

DMC Global Stock Performance

BOOM stock traded down $1.19 during trading on Tuesday, reaching $8.65. 249,351 shares of the stock were exchanged, compared to its average volume of 260,561. The stock has a 50 day simple moving average of $11.93 and a 200-day simple moving average of $13.01. The company has a current ratio of 2.53, a quick ratio of 1.15 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $173.35 million, a P/E ratio of 11.61 and a beta of 1.66. DMC Global has a twelve month low of $8.60 and a twelve month high of $19.73.

Analysts Set New Price Targets

Several analysts recently weighed in on BOOM shares. Stifel Nicolaus decreased their target price on DMC Global from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Roth Mkm reissued a “buy” rating and issued a $24.00 price objective on shares of DMC Global in a research report on Wednesday, July 31st.

View Our Latest Stock Analysis on BOOM

DMC Global Company Profile

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DMC Global Inc provides a suite of engineered products and various solutions for the construction, energy, industrial processing, and transportation markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building products, including exterior and interior framing systems, curtain walls, windows, doors, and interior partitions; architectural components, architectural framing systems, entrance systems, and sun control products; sliding and glazing systems; and thermally broken steel, aluminum windows and doors, and wood doors and windows.