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DMC Global Inc. (BOOM) engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide.
The company operates in two segments, NobelClad and DynaEnergetics.
The NobelClad segment produces and sells explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.
It sells its products through direct sales personnel, program managers, and independent sales representatives.
The DynaEnergetics segment designs, manufactures, markets, and sells perforating systems and associated hardware, and seismic explosives systems for the oil and gas industry. It sells its products through direct selling, distributors, and independent sales representatives.
On April 25th, the company reported 1st Quarter March 2019 earnings of $1.02 per share on revenue of $100.1 million. The consensus earnings estimate was $0.75 per share on revenue of $100.0 million. Revenue grew 48.8% on a year-over-year basis.
The company said it expects 2019 earnings of $3.40 to $3.70 per share on revenue of $405.0 million to $425.0 million. The current consensus earnings estimate is $3.67 per share on revenue of $423.7 million for the year ending December 31, 2019.
Shares are heading higher in an upward trading channel. The lower boundary of the channel coincides with the stock's 50-day moving average shown in brown. Higher share prices are expected for this stock.
Entry Point: $69.50
Stop Loss: $66.00
Trading Range: $30.25 - $76.68
Target Price: $76.45
BOOM closed at $62
