Sidoti Issues Pessimistic Forecast for DTI Earnings

Drilling Tools International Corp. (NASDAQ:DTI) – Equities research analysts at Sidoti dropped their Q3 2026 earnings estimates for shares of Drilling Tools International in a report issued on Monday, August 10th. Sidoti analyst S. Ferazani now expects that the company will post earnings per share of $0.06 for the quarter, down from their prior estimate of $0.07. The consensus estimate for Drilling Tools International’s current full-year earnings is $0.09 per share. Sidoti also issued estimates for Drilling Tools International’s FY2026 earnings at $0.10 EPS, Q1 2027 earnings at $0.07 EPS, Q2 2027 earnings at $0.07 EPS and FY2027 earnings at $0.30 EPS.

Drilling Tools International (NASDAQ:DTI) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $38.07 million during the quarter, compared to analyst estimates of $38.72 million. Drilling Tools International had a positive return on equity of 0.58% and a negative net margin of 1.97%.

A number of other analysts have also recently weighed in on DTI. Zacks Research upgraded Drilling Tools International from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Weiss Ratings cut Drilling Tools International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 28th. Wall Street Zen downgraded shares of Drilling Tools International from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $2.80 price target on shares of Drilling Tools International in a report on Sunday. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $2.80.

Drilling Tools International Stock Performance

Shares of DTI opened at $2.28 on Tuesday. Drilling Tools International has a 1 year low of $1.65 and a 1 year high of $4.69. The company has a current ratio of 2.15, a quick ratio of 1.57 and a debt-to-equity ratio of 0.38. The stock has a 50 day simple moving average of $2.31 and a 200-day simple moving average of $3.10. The stock has a market cap of $80.12 million, a PE ratio of -25.33, a PEG ratio of 2.81 and a beta of -0.63.

Institutional Trading of Drilling Tools International

Several hedge funds have recently modified their holdings of the stock. Qube Research & Technologies Ltd acquired a new stake in shares of Drilling Tools International in the second quarter valued at approximately $49,000. Bridgeway Capital Management LLC raised its position in Drilling Tools International by 187.0% in the 2nd quarter. Bridgeway Capital Management LLC now owns 71,741 shares of the company’s stock worth $204,000 after purchasing an additional 46,741 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in Drilling Tools International by 184.5% during the 3rd quarter. Cresset Asset Management LLC now owns 200,521 shares of the company’s stock worth $461,000 after buying an additional 130,032 shares in the last quarter. Citadel Advisors LLC acquired a new position in Drilling Tools International during the 3rd quarter worth $55,000. Finally, Bailard Inc. bought a new position in Drilling Tools International in the 4th quarter valued at $190,000. 2.79% of the stock is owned by institutional investors.

Drilling Tools International Company Profile

Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.