Dynamic Materials Corp. (BOOM) Announces Quarterly Results
Dynamic Materials Corp. (NASDAQ:BOOM) released its earnings data on Tuesday. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.03, Analyst Ratings Network.com reports. The company had revenue of $48.00 million for the quarter, compared to the consensus estimate of $48.63 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis.
A number of research firms have recently commented on BOOM. Analysts at Zacks upgraded shares of Dynamic Materials Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $19.70 price target on the stock. On the ratings front, analysts at TheStreet downgraded shares of Dynamic Materials Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Dynamic Materials Corp. has a consensus rating of “Buy” and a consensus price target of $23.18.
Dynamic Materials Corp. (NASDAQ:BOOM) traded up 0.21% on Tuesday, hitting $19.26. 29,547 shares of the company’s stock traded hands. Dynamic Materials Corp. has a 1-year low of $15.41 and a 1-year high of $24.09. The stock’s 50-day moving average is $19.27 and its 200-day moving average is $21.29. The company has a market cap of $268.4 million and a price-to-earnings ratio of 35.59.
Dynamic Materials Corporation (NASDAQ:BOOM) is a provider of explosion-welded clad metal plates.
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