Dynamic Materials Corp. Plans Quarterly Dividend of $0.04 (BOOM)
Dynamic Materials Corp. (NASDAQ:BOOM) announced a quarterly dividend on Wednesday, June 18th, StockRatingsNetwork reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.04 per share on Tuesday, July 15th. This represents a $0.16 annualized dividend and a dividend yield of 0.73%.
BOOM has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of Dynamic Materials Corp. in a research note on Friday, May 30th. They set a “buy” rating and a $29.00 price target on the stock. On a related note, analysts at Zacks upgraded shares of Dynamic Materials Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $19.70 price target on the stock. Finally, 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $24.34.
Dynamic Materials Corp. (NASDAQ:BOOM) opened at 21.97 on Wednesday. Dynamic Materials Corp. has a one year low of $16.00 and a one year high of $24.09. The stock has a 50-day moving average of $20.92 and a 200-day moving average of $20.94. The company has a market cap of $306.3 million and a P/E ratio of 34.23.
Dynamic Materials Corp. (NASDAQ:BOOM) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.03. The company had revenue of $48.00 million for the quarter, compared to the consensus estimate of $48.63 million. During the same quarter last year, the company posted $0.02 earnings per share. Dynamic Materials Corp.’s revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that Dynamic Materials Corp. will post $0.89 earnings per share for the current fiscal year.
Dynamic Materials Corporation (NASDAQ:BOOM) is a provider of explosion-welded clad metal plates.
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