Drilling Tools International (NASDAQ:DTI) Issues Earnings Results

Drilling Tools International (NASDAQ:DTI - Get Free Report) posted its earnings results on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01, Zacks reports. The firm had revenue of $39.85 million for the quarter, compared to analysts' expectations of $38.99 million. Drilling Tools International had a return on equity of 15.38% and a net margin of 5.46%. During the same period in the previous year, the firm earned $0.13 earnings per share. Drilling Tools International updated its FY 2025 guidance to EPS.

Shares of NASDAQ:DTI traded down $0.01 during midday trading on Friday, reaching $2.70. 256,693 shares of the company's stock traded hands, compared to its average volume of 56,689. The company has a market cap of $96.10 million, a price-to-earnings ratio of 9.64, a P/E/G ratio of 0.90 and a beta of -0.86. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.99 and a current ratio of 1.32. Drilling Tools International has a one year low of $2.50 and a one year high of $6.36. The stock has a 50 day moving average of $3.19 and a 200 day moving average of $3.42.

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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