Drilling Tools International (NASDAQ:DTI) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Drilling Tools International (NASDAQ:DTI) posted its earnings results on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01, Zacks reports. Drilling Tools International had a return on equity of 15.38% and a net margin of 5.46%. During the same quarter in the previous year, the business earned $0.13 earnings per share. Drilling Tools International updated its FY 2025 guidance to EPS.

Drilling Tools International Stock Performance

NASDAQ:DTI opened at $2.71 on Friday. Drilling Tools International has a fifty-two week low of $2.50 and a fifty-two week high of $6.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.99 and a current ratio of 1.32. The company has a 50 day moving average price of $3.20 and a 200 day moving average price of $3.44. The stock has a market capitalization of $96.46 million, a P/E ratio of 9.68, a PEG ratio of 0.90 and a beta of -0.86.

Analyst Ratings Changes

Separately, Alliance Global Partners cut their price objective on 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.

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.