Dynamic Materials Corp. (BOOM) to Release Earnings on Thursday
Dynamic Materials Corp. (NASDAQ:BOOM) will release its earnings data after the market closes on Thursday, October 26th. Analysts expect Dynamic Materials Corp. to post earnings of $0.12 per share for the quarter.
Dynamic Materials Corp. (NASDAQ:BOOM) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.04. The firm had revenue of $47.20 million for the quarter, compared to the consensus estimate of $44.20 million. Dynamic Materials Corp. had a negative return on equity of 6.38% and a negative net margin of 5.01%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) EPS. On average, analysts expect Dynamic Materials Corp. to post $0 EPS for the current fiscal year and $0.83 EPS for the next fiscal year.
Shares of Dynamic Materials Corp. (NASDAQ:BOOM) opened at 17.55 on Thursday. Dynamic Materials Corp. has a one year low of $9.80 and a one year high of $18.45. The firm has a 50 day moving average price of $15.74 and a 200-day moving average price of $13.94. The firm’s market cap is $259.21 million.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.08 annualized dividend and a dividend yield of 0.46%. Dynamic Materials Corp.’s payout ratio is currently -14.04%.
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Several research analysts have recently weighed in on the stock. ValuEngine raised shares of Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research cut shares of Dynamic Materials Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.
In other news, insider Ian Grieves sold 4,743 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $13.92, for a total value of $66,022.56. Following the transaction, the insider now owns 15,874 shares of the company’s stock, valued at $220,966.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 5.10% of the company’s stock.
An institutional investor recently raised its position in Dynamic Materials Corp. stock. State Street Corp lifted its position in Dynamic Materials Corp. (NASDAQ:BOOM) by 7.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 211,940 shares of the industrial products company’s stock after purchasing an additional 14,471 shares during the quarter. State Street Corp owned about 1.43% of Dynamic Materials Corp. worth $2,777,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 86.02% of the company’s stock.
Dynamic Materials Corp. Company Profile
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.
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