Sidoti Csr Has Bullish Estimate for DTI FY2025 Earnings

Drilling Tools International Corp. (NASDAQ:DTI) – Analysts at Sidoti Csr raised their FY2025 earnings estimates for Drilling Tools International in a research note issued to investors on Monday, November 10th. Sidoti Csr analyst S. Ferazani now forecasts that the company will earn $0.01 per share for the year, up from their previous estimate of ($0.05). The consensus estimate for Drilling Tools International’s current full-year earnings is $0.38 per share. Sidoti Csr also issued estimates for Drilling Tools International’s Q4 2025 earnings at ($0.01) EPS, Q3 2026 earnings at $0.05 EPS, Q4 2026 earnings at $0.05 EPS and FY2026 earnings at $0.11 EPS.

A number of other brokerages have also recently issued reports on DTI. Weiss Ratings reiterated a “sell (d)” rating on shares of Drilling Tools International in a report on Wednesday, October 8th. Zacks Research raised shares of Drilling Tools International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.50.

Drilling Tools International Price Performance

Shares of NASDAQ DTI traded up $0.27 during midday trading on Thursday, reaching $2.54. 68,419 shares of the company were exchanged, compared to its average volume of 71,225. The company has a quick ratio of 1.49, a current ratio of 2.04 and a debt-to-equity ratio of 0.37. Drilling Tools International has a one year low of $1.43 and a one year high of $3.82. The stock’s 50-day moving average price is $2.20 and its 200-day moving average price is $2.38. The stock has a market cap of $90.40 million, a P/E ratio of -13.34 and a beta of -0.37.

Drilling Tools International (NASDAQ:DTI) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Drilling Tools International had a positive return on equity of 1.12% and a negative net margin of 3.93%.The firm had revenue of $38.82 million during the quarter, compared to the consensus estimate of $36.18 million. Drilling Tools International has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On Drilling Tools International

Several institutional investors have recently added to or reduced their stakes in DTI. Bank of New York Mellon Corp raised its holdings in shares of Drilling Tools International by 38.0% during the first quarter. Bank of New York Mellon Corp now owns 22,526 shares of the company’s stock worth $53,000 after purchasing an additional 6,203 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Drilling Tools International by 50.6% in the first quarter. Wellington Management Group LLP now owns 23,965 shares of the company’s stock valued at $57,000 after acquiring an additional 8,054 shares during the last quarter. XTX Topco Ltd purchased a new position in Drilling Tools International in the 1st quarter valued at approximately $32,000. Sanders Morris Harris LLC acquired a new position in Drilling Tools International in the 3rd quarter valued at $34,000. Finally, Nuveen LLC acquired a new position in shares of Drilling Tools International during the 1st quarter worth $40,000. Institutional investors and hedge funds own 2.79% of the company’s stock.

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.