Drilling Tools International Corp. (NASDAQ:DTI – Free Report) – Research analysts at Sidoti cut their Q1 2027 EPS estimates for shares of Drilling Tools International in a note issued to investors on Monday, May 11th. Sidoti analyst S. Ferazani now anticipates that the company will earn $0.04 per share for the quarter, down from their previous forecast of $0.06. The consensus estimate for Drilling Tools International’s current full-year earnings is $0.19 per share. Sidoti also issued estimates for Drilling Tools International’s Q2 2027 earnings at $0.06 EPS, Q4 2027 earnings at $0.09 EPS and FY2027 earnings at $0.27 EPS.
Several other equities research analysts have also recently commented on DTI. Weiss Ratings cut shares of Drilling Tools International from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, April 29th. Zacks Research cut shares of Drilling Tools International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen cut shares of Drilling Tools International from a “buy” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.
Drilling Tools International Trading Down 3.7%
Shares of DTI opened at $2.89 on Tuesday. The stock has a market capitalization of $101.70 million, a P/E ratio of -26.27, a PEG ratio of 1.75 and a beta of -0.60. The company has a quick ratio of 1.52, a current ratio of 2.11 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $3.53 and a two-hundred day simple moving average of $3.16. Drilling Tools International has a twelve month low of $1.65 and a twelve month high of $4.69.
Drilling Tools International (NASDAQ:DTI – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.04). The firm had revenue of $37.96 million for the quarter, compared to analysts’ expectations of $37.80 million. Drilling Tools International had a negative net margin of 2.35% and a positive return on equity of 0.45%.
Institutional Trading of Drilling Tools International
A number of institutional investors and hedge funds have recently bought and sold shares of DTI. XTX Topco Ltd increased its stake in Drilling Tools International by 52.3% during the 4th quarter. XTX Topco Ltd now owns 16,026 shares of the company’s stock valued at $39,000 after purchasing an additional 5,504 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in Drilling Tools International during the 2nd quarter valued at about $49,000. Citadel Advisors LLC bought a new stake in Drilling Tools International during the 3rd quarter valued at about $55,000. Veradace Capital Management LLC bought a new stake in Drilling Tools International during the 4th quarter valued at about $62,000. Finally, Jane Street Group LLC bought a new stake in Drilling Tools International during the 4th quarter valued at about $69,000. 2.79% of the stock is currently owned by institutional investors.
About Drilling Tools International
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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