Ducommun (NYSE:DCO) issued its quarterly earnings results on Thursday. The aerospace company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.16, MarketWatch Earnings reports. The business had revenue of $147.31 million during the quarter, compared to the consensus estimate of $145.02 million. Ducommun had a net margin of 4.38% and a return on equity of 10.70%.
Ducommun stock traded up $1.70 during midday trading on Friday, reaching $35.95. The stock had a trading volume of 113,966 shares, compared to its average volume of 59,231. The stock’s 50-day simple moving average is $34.00 and its 200 day simple moving average is $33.68. Ducommun has a twelve month low of $16.27 and a twelve month high of $57.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.94 and a current ratio of 2.78. The stock has a market capitalization of $418.82 million, a PE ratio of 14.10 and a beta of 1.28.
A number of analysts recently issued reports on DCO shares. Zacks Investment Research lowered shares of Ducommun from a “hold” rating to a “sell” rating in a research report on Friday, July 17th. Royal Bank of Canada assumed coverage on Ducommun in a report on Wednesday, May 20th. They set an “outperform” rating and a $41.00 price objective on the stock. ValuEngine upgraded Ducommun from a “sell” rating to a “hold” rating in a research note on Thursday, May 21st. Sidoti decreased their price target on Ducommun from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Finally, Canaccord Genuity lifted their price target on Ducommun from $42.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, June 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $41.00.
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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