Dmc Global (BOOM) Announces Earnings Results

Dmc Global (NASDAQ:BOOM) posted its quarterly earnings results on Thursday. The industrial products company reported $0.09 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.09, Bloomberg Earnings reports. The business had revenue of $54.50 million for the quarter, compared to analysts’ expectations of $54.87 million. Dmc Global had a positive return on equity of 1.93% and a negative net margin of 9.78%. The business’s quarterly revenue was up 35.7% on a year-over-year basis. During the same period last year, the firm earned ($0.15) earnings per share.

Shares of Dmc Global (NASDAQ BOOM) opened at $25.65 on Friday. The company has a current ratio of 2.76, a quick ratio of 1.80 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $346.55, a PE ratio of 166.07, a price-to-earnings-growth ratio of 1.01 and a beta of 0.74. Dmc Global has a twelve month low of $11.60 and a twelve month high of $26.20.

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A hedge fund recently raised its stake in Dmc Global stock. State Street Corp raised its holdings in shares of Dmc Global Inc (NASDAQ:BOOM) by 7.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 211,940 shares of the industrial products company’s stock after acquiring an additional 14,471 shares during the quarter. State Street Corp owned approximately 1.43% of Dmc Global worth $2,777,000 as of its most recent SEC filing. 85.91% of the stock is owned by hedge funds and other institutional investors.

BOOM has been the topic of a number of recent analyst reports. Zacks Investment Research cut Dmc Global from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th. BidaskClub raised Dmc Global from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 9th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $23.00.

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About Dmc Global

DMC Global Inc, formerly Dynamic Materials Corporation, is a diversified technology company. The Company operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities.

Earnings History for Dmc Global (NASDAQ:BOOM)

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