Drilling Tools International (NASDAQ:DTI – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01, Zacks reports. The business had revenue of $39.85 million for the quarter, compared to analysts’ expectations of $38.99 million. Drilling Tools International had a net margin of 5.46% and a return on equity of 15.38%. During the same quarter in the previous year, the company earned $0.13 EPS. Drilling Tools International updated its FY 2025 guidance to EPS.
Drilling Tools International Stock Down 0.4 %
Shares of NASDAQ DTI opened at $2.70 on Friday. The firm’s 50-day moving average price is $3.19 and its 200-day moving average price is $3.43. The company has a current ratio of 1.32, a quick ratio of 0.99 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $96.10 million, a price-to-earnings ratio of 9.64, a P/E/G ratio of 0.90 and a beta of -0.86. Drilling Tools International has a 12-month low of $2.50 and a 12-month high of $6.36.
Analyst Upgrades and Downgrades
Separately, Alliance Global Partners decreased their price target on shares of Drilling Tools International from $7.50 to $5.50 and set a “buy” rating on the stock in a research note on Friday, November 15th.
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.
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