What is Sidoti Csr’s Estimate for DTI FY2024 Earnings?

Drilling Tools International Co. (NASDAQ:DTI) – Equities researchers at Sidoti Csr boosted their FY2024 earnings estimates for shares of Drilling Tools International in a research report issued on Friday, February 21st. Sidoti Csr analyst S. Ferazani now expects that the company will earn $0.38 per share for the year, up from their prior estimate of $0.36. 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 2024 earnings at $0.01 EPS, Q1 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.12 EPS, FY2025 earnings at $0.42 EPS and FY2026 earnings at $0.47 EPS.

Separately, Alliance Global Partners decreased their price objective on shares of Drilling Tools International from $7.50 to $5.50 and set a “buy” rating for the company in a research report on Friday, November 15th.

Drilling Tools International Stock Up 1.5 %

Shares of Drilling Tools International stock opened at $3.33 on Monday. 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 company has a fifty day moving average price of $3.25 and a 200 day moving average price of $3.52. The stock has a market cap of $118.51 million, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 0.90 and a beta of -0.86. Drilling Tools International has a twelve month low of $2.50 and a twelve month high of $6.36.

Hedge Funds Weigh In On Drilling Tools International

Large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Drilling Tools International by 28.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 28,283 shares of the company’s stock worth $105,000 after purchasing an additional 6,201 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Drilling Tools International by 31.5% during the third quarter. Geode Capital Management LLC now owns 209,808 shares of the company’s stock worth $783,000 after purchasing an additional 50,236 shares during the last quarter. Barclays PLC lifted its position in shares of Drilling Tools International by 414.6% during the third quarter. Barclays PLC now owns 16,730 shares of the company’s stock worth $62,000 after purchasing an additional 13,479 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Drilling Tools International by 189.5% during the third quarter. JPMorgan Chase & Co. now owns 20,241 shares of the company’s stock worth $75,000 after purchasing an additional 13,249 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of Drilling Tools International by 7.5% during the fourth quarter. Global Retirement Partners LLC now owns 80,079 shares of the company’s stock worth $262,000 after purchasing an additional 5,574 shares during the last quarter. Institutional investors own 2.79% of the company’s stock.

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.