Sidoti Csr Issues Negative Forecast for DTI Earnings

Drilling Tools International Co. (NASDAQ:DTI) – Equities researchers at Sidoti Csr reduced their Q1 2025 EPS estimates for shares of Drilling Tools International in a research report issued on Monday, March 17th. Sidoti Csr analyst S. Ferazani now anticipates that the company will earn $0.04 per share for the quarter, down from their prior forecast of $0.08. 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 Q2 2025 earnings at $0.07 EPS and FY2026 earnings at $0.53 EPS.

Drilling Tools International (NASDAQ:DTI) last released its earnings results on Thursday, March 13th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Drilling Tools International had a net margin of 5.46% and a return on equity of 15.38%. The firm had revenue of $39.85 million during the quarter, compared to the consensus estimate of $38.99 million. During the same period in the prior year, the firm earned $0.13 EPS.

Drilling Tools International Stock Down 2.9 %

Drilling Tools International stock opened at $2.71 on Tuesday. Drilling Tools International has a twelve month low of $2.50 and a twelve month high of $6.36. The firm has a 50 day moving average price of $3.16 and a 200-day moving average price of $3.40. The company has a market capitalization of $96.46 million, a P/E ratio of 9.68, a P/E/G ratio of 0.90 and a beta of -0.86. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 0.15.

Institutional Trading of Drilling Tools International

A number of institutional investors have recently modified their holdings of DTI. Cresset Asset Management LLC purchased a new stake in shares of Drilling Tools International during the 4th quarter valued at approximately $252,000. Geode Capital Management LLC lifted its stake in shares of Drilling Tools International by 31.5% during the 3rd quarter. Geode Capital Management LLC now owns 209,808 shares of the company’s stock valued at $783,000 after buying an additional 50,236 shares in the last quarter. Perritt Capital Management Inc purchased a new stake in shares of Drilling Tools International during the 4th quarter valued at approximately $114,000. Mariner LLC purchased a new stake in shares of Drilling Tools International during the 4th quarter valued at approximately $86,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Drilling Tools International by 114.6% during the 4th quarter. JPMorgan Chase & Co. now owns 43,441 shares of the company’s stock valued at $142,000 after buying an additional 23,200 shares in the last quarter. 2.79% of the stock is currently owned by hedge funds and other institutional investors.

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.