Drilling Tools International (DTI) Scheduled to Post Earnings on Thursday

Drilling Tools International (NASDAQ:DTI - Get Free Report) will be posting its quarterly earnings results before the market opens on Thursday, November 14th. Analysts expect Drilling Tools International to post earnings of $0.06 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Drilling Tools International (NASDAQ:DTI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). Drilling Tools International had a return on equity of 16.64% and a net margin of 7.85%. The firm had revenue of $37.53 million for the quarter, compared to the consensus estimate of $42.72 million. On average, analysts expect Drilling Tools International to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of DTI opened at $3.50 on Thursday. Drilling Tools International has a fifty-two week low of $2.43 and a fifty-two week high of $6.36. The business has a 50-day moving average of $3.67 and a 200 day moving average of $4.74. The firm has a market cap of $121.49 million, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 0.97 and a beta of -0.96. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 1.97.

Separately, Alliance Global Partners decreased their price target on Drilling Tools International from $8.50 to $7.50 and set a "buy" rating on the stock in a research report on Wednesday, August 7th.

Read Our Latest Analysis on DTI

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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