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

DMC Global (NASDAQ:BOOM) posted its quarterly earnings data on Monday. The industrial products company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.40), Zacks reports. DMC Global had a net margin of 2.29% and a return on equity of 6.06%. The company had revenue of $152.43 million during the quarter, compared to the consensus estimate of $152.00 million. During the same period in the previous year, the business earned $0.50 earnings per share. DMC Global updated its Q4 2024 guidance to EPS.

DMC Global Price Performance

Shares of BOOM stock traded up $0.17 during mid-day trading on Wednesday, reaching $9.42. The stock had a trading volume of 32,119 shares, compared to its average volume of 261,182. The business has a 50-day simple moving average of $11.88 and a 200 day simple moving average of $12.95. The company has a market cap of $188.78 million, a P/E ratio of 12.17 and a beta of 1.66. DMC Global has a 12-month low of $8.60 and a 12-month high of $19.73. The company has a current ratio of 2.53, a quick ratio of 1.15 and a debt-to-equity ratio of 0.20.

Wall Street Analyst Weigh In

BOOM has been the subject of a number of research reports. Roth Mkm reaffirmed a “buy” rating and set a $24.00 target price on shares of DMC Global in a report on Wednesday, July 31st. Stifel Nicolaus dropped their price target on shares of DMC Global from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, October 11th.

About DMC Global

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.