Brokerages Anticipate Ducommun Incorporated (DCO) Will Post Earnings of $0.25 Per Share

Wall Street brokerages expect Ducommun Incorporated (NYSE:DCO) to report earnings per share of $0.25 for the current quarter, according to Zacks. Two analysts have made estimates for Ducommun’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.19. Ducommun posted earnings of $0.41 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 39%. The business is expected to announce its next earnings report on Wednesday, February 27th.

On average, analysts expect that Ducommun will report full year earnings of $0.91 per share for the current fiscal year, with EPS estimates ranging from $0.90 to $0.92. For the next year, analysts expect that the firm will report earnings of $2.14 per share, with EPS estimates ranging from $2.02 to $2.25. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Ducommun.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Monday, November 5th. The aerospace company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.14). Ducommun had a net margin of 2.94% and a return on equity of 7.29%. The company had revenue of $159.80 million during the quarter, compared to analysts’ expectations of $153.04 million. During the same period last year, the business earned $0.41 earnings per share. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year.

Several research firms have commented on DCO. Zacks Investment Research raised Ducommun from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Wednesday, August 8th. Noble Financial lowered Ducommun from an “outperform” rating to a “market perform” rating in a research report on Thursday. Finally, B. Riley raised their price objective on Ducommun from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Ducommun currently has an average rating of “Buy” and a consensus target price of $40.20.

NYSE:DCO traded down $3.75 during mid-day trading on Friday, hitting $40.48. The company had a trading volume of 80,392 shares, compared to its average volume of 40,285. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.34 and a quick ratio of 1.54. Ducommun has a 1 year low of $25.06 and a 1 year high of $45.62. The firm has a market capitalization of $483.80 million, a PE ratio of 30.44 and a beta of 1.11.

In other news, Director Robert C. Ducommun sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $40.76, for a total transaction of $203,800.00. Following the completion of the sale, the director now directly owns 413,745 shares in the company, valued at $16,864,246.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Royce & Associates LP grew its stake in shares of Ducommun by 7.6% during the second quarter. Royce & Associates LP now owns 311,090 shares of the aerospace company’s stock valued at $10,294,000 after acquiring an additional 22,004 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Ducommun by 165.7% during the first quarter. JPMorgan Chase & Co. now owns 6,760 shares of the aerospace company’s stock valued at $205,000 after acquiring an additional 4,216 shares in the last quarter. Taylor Wealth Management Partners acquired a new stake in shares of Ducommun during the third quarter valued at about $2,647,000. HPM Partners LLC grew its stake in shares of Ducommun by 4.3% during the second quarter. HPM Partners LLC now owns 168,794 shares of the aerospace company’s stock valued at $5,585,000 after acquiring an additional 7,021 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Ducommun during the second quarter valued at about $790,000. Institutional investors own 80.40% of the company’s stock.

About Ducommun

Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace, defense, industrial, natural resources, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment offers cable assemblies and interconnect systems; printed circuit board assemblies; high-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.

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