Brokerages expect Ducommun Incorporated (NYSE:DCO) to report earnings per share of ($0.34) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Ducommun’s earnings, with the lowest EPS estimate coming in at ($0.35) and the highest estimate coming in at ($0.32). Ducommun reported earnings per share of $0.45 during the same quarter last year, which indicates a negative year-over-year growth rate of 175.6%. The company is expected to issue its next earnings results on Monday, March 5th.
According to Zacks, analysts expect that Ducommun will report full year earnings of $0.59 per share for the current fiscal year, with EPS estimates ranging from $0.57 to $0.61. For the next financial year, analysts forecast that the business will post earnings of $0.85 per share, with EPS estimates ranging from $0.75 to $0.95. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Ducommun.
Ducommun (NYSE:DCO) last released its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The business had revenue of $138.70 million during the quarter, compared to analysts’ expectations of $143.72 million. Ducommun had a return on equity of 7.20% and a net margin of 2.40%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share.
Several research analysts have issued reports on DCO shares. TheStreet upgraded Ducommun from a “c” rating to a “b-” rating in a research report on Thursday, November 2nd. B. Riley set a $40.00 price target on Ducommun and gave the company a “buy” rating in a research report on Monday, October 30th. Canaccord Genuity restated a “buy” rating and issued a $36.00 price target on shares of Ducommun in a research report on Tuesday, September 12th. ValuEngine upgraded Ducommun from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Finally, Sidoti upgraded Ducommun from a “neutral” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Ducommun currently has a consensus rating of “Hold” and a consensus price target of $36.80.
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In other news, Director Anthony J. Reardon sold 7,726 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $27.66, for a total value of $213,701.16. Following the transaction, the director now directly owns 123,523 shares in the company, valued at approximately $3,416,646.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Anthony J. Reardon sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $26.04, for a total value of $781,200.00. Following the completion of the transaction, the director now owns 82,603 shares in the company, valued at $2,150,982.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,701 shares of company stock worth $2,018,782. 8.20% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in shares of Ducommun by 169.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,400 shares of the aerospace company’s stock worth $107,000 after purchasing an additional 2,140 shares during the period. American International Group Inc. raised its holdings in shares of Ducommun by 7.1% in the 1st quarter. American International Group Inc. now owns 6,398 shares of the aerospace company’s stock worth $184,000 after purchasing an additional 422 shares during the period. Macquarie Group Ltd. purchased a new position in shares of Ducommun in the 3rd quarter worth about $223,000. Alliancebernstein L.P. purchased a new position in shares of Ducommun in the 2nd quarter worth about $221,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Ducommun during the 3rd quarter valued at about $229,000. Institutional investors own 82.85% of the company’s stock.
Ducommun (NYSE:DCO) traded up $0.95 during trading hours on Friday, reaching $27.29. The company’s stock had a trading volume of 102,327 shares, compared to its average volume of 74,885. The stock has a market capitalization of $309.15, a PE ratio of 19.23 and a beta of 0.87. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.46 and a quick ratio of 1.06. Ducommun has a 1 year low of $24.23 and a 1 year high of $35.58.
Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions.
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