Dmc Global (BOOM) Receiving Somewhat Favorable Press Coverage, Analysis Finds
News articles about Dmc Global (NASDAQ:BOOM) have trended somewhat positive on Monday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dmc Global earned a news impact score of 0.18 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 45.9513787005951 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Dmc Global (NASDAQ:BOOM) opened at $24.20 on Monday. The stock has a market capitalization of $357.42, a PE ratio of -18.20, a PEG ratio of 1.23 and a beta of 0.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.80 and a current ratio of 2.76. Dmc Global has a 1-year low of $11.60 and a 1-year high of $26.15.
Dmc Global (NASDAQ:BOOM) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.13. Dmc Global had a negative return on equity of 1.20% and a negative net margin of 10.69%. The business had revenue of $52.16 million for the quarter, compared to the consensus estimate of $46.25 million. During the same period last year, the business earned ($0.19) EPS. The firm’s revenue was up 42.7% compared to the same quarter last year. sell-side analysts anticipate that Dmc Global will post 0.21 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Sunday, December 31st will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Thursday, December 28th. Dmc Global’s payout ratio is -6.01%.
Several brokerages have recently issued reports on BOOM. Zacks Investment Research lowered Dmc Global from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th. BidaskClub lowered Dmc Global from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, Roth Capital set a $22.00 price target on Dmc Global and gave the company a “buy” rating in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Dmc Global has an average rating of “Buy” and a consensus target price of $23.00.
In related news, insider Kevin T. Longe sold 3,642 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $21.50, for a total value of $78,303.00. Following the transaction, the insider now directly owns 225,089 shares of the company’s stock, valued at approximately $4,839,413.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Yvon Pierre Cariou sold 15,065 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $21.15, for a total value of $318,624.75. Following the completion of the transaction, the director now directly owns 199,414 shares in the company, valued at $4,217,606.10. The disclosure for this sale can be found here. Insiders sold a total of 28,642 shares of company stock worth $614,405 over the last three months. 5.10% of the stock is owned by company insiders.
Dmc Global 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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