Sidoti Csr Brokers Reduce Earnings Estimates for DTI

Drilling Tools International Co. (NASDAQ:DTI) – Research analysts at Sidoti Csr reduced their Q1 2025 earnings per share (EPS) estimates for Drilling Tools International in a report issued on Monday, March 17th. Sidoti Csr analyst S. Ferazani now anticipates that the company will post earnings of $0.04 per share for the quarter, down from their prior forecast of $0.08. The consensus estimate for Drilling Tools International’s current full-year earnings is $0.38 per share. Sidoti Csr also issued estimates for Drilling Tools International’s Q2 2025 earnings at $0.07 EPS and FY2026 earnings at $0.53 EPS.

Drilling Tools International (NASDAQ:DTI) last announced its earnings results on Thursday, March 13th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. Drilling Tools International had a return on equity of 15.38% and a net margin of 5.46%. The firm had revenue of $39.85 million during the quarter, compared to the consensus estimate of $38.99 million. During the same quarter in the prior year, the company earned $0.13 EPS.

Drilling Tools International Trading Up 3.3 %

DTI stock opened at $2.79 on Tuesday. The business has a fifty day moving average price of $3.17 and a 200 day moving average price of $3.41. Drilling Tools International has a fifty-two week low of $2.50 and a fifty-two week high of $6.36. The stock has a market capitalization of $99.30 million, a price-to-earnings ratio of 9.96, a P/E/G ratio of 0.90 and a beta of -0.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 0.99.

Institutional Investors Weigh In On Drilling Tools International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cresset Asset Management LLC bought a new position in shares of Drilling Tools International in the 4th quarter worth $252,000. Geode Capital Management LLC lifted its holdings in shares of Drilling Tools International by 31.5% in the third quarter. Geode Capital Management LLC now owns 209,808 shares of the company’s stock valued at $783,000 after purchasing an additional 50,236 shares in the last quarter. Perritt Capital Management Inc bought a new stake in shares of Drilling Tools International in the fourth quarter valued at about $114,000. Mariner LLC bought a new stake in shares of Drilling Tools International in the fourth quarter valued at about $86,000. Finally, JPMorgan Chase & Co. increased its position in shares of Drilling Tools International by 114.6% in the fourth quarter. JPMorgan Chase & Co. now owns 43,441 shares of the company’s stock valued at $142,000 after acquiring an additional 23,200 shares during the last quarter. 2.79% of the stock is owned by institutional investors and hedge funds.

About Drilling Tools International

Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.