Dynamic Materials (NASDAQ: BOOM) posted its quarterly earnings results on Wednesday. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.01. The company had revenue of $52.50 million for the quarter, compared to the consensus estimate of $52.02 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was down 3.3% on a year-over-year basis.
A number of analysts have recently weighed in on BOOM shares. Analysts at TheStreet upgraded shares of Dynamic Materials from a “hold” rating to a “buy” rating in a research note to investors on Monday, January 28th. On a related note, analysts at Topeka Capital Markets upgraded shares of Dynamic Materials from a “hold” rating to a “buy” rating in a research note to investors on Monday, January 14th. They now have a $20.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Dynamic Materials from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 1st. They now have a $14.20 price target on the stock.
Three analysts have rated the stock with a buy rating, and one has given a hold rating to the company’s stock. The stock currently has a consensus rating of “overweight” and a consensus price target of $25.33.
Shares of Dynamic Materials (BOOM) traded up 4.13% during mid-day trading on Wednesday, hitting $17.64. Dynamic Materials (BOOM) has a one year low of $12.18 and a one year high of $23.38. The stock’s 50-day moving average is currently $16.41. The company has a market cap of $238.3 million and a P/E ratio of 18.62.
Dynamic Materials Corporation is an industrial manufacturer focusing on niche markets related to the building of equipment and materials to support the infrastructure of the process and energy industries.
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