Ducommun Incorporated (NYSE:DCO) Expected to Post Earnings of $0.61 Per Share

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Analysts forecast that Ducommun Incorporated (NYSE:DCO) will post earnings of $0.61 per share for the current quarter, Zacks reports. Two analysts have made estimates for Ducommun’s earnings. The highest EPS estimate is $0.68 and the lowest is $0.58. Ducommun reported earnings per share of $0.36 during the same quarter last year, which suggests a positive year over year growth rate of 69.4%. The business is scheduled to report its next earnings report on Monday, November 4th.

On average, analysts expect that Ducommun will report full year earnings of $2.54 per share for the current year, with EPS estimates ranging from $2.44 to $2.70. For the next fiscal year, analysts anticipate that the business will report earnings of $2.64 per share, with EPS estimates ranging from $2.39 to $2.88. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Ducommun.

Ducommun (NYSE:DCO) last posted its earnings results on Monday, August 5th. The aerospace company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.11. The business had revenue of $180.50 million for the quarter, compared to the consensus estimate of $167.92 million. Ducommun had a net margin of 2.97% and a return on equity of 10.19%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Ducommun from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Wednesday. SunTrust Banks lowered shares of Ducommun from a “buy” rating to a “hold” rating and set a $45.00 target price for the company. in a report on Friday, June 14th. Noble Financial raised shares of Ducommun from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a report on Tuesday, August 6th. Finally, ValuEngine lowered shares of Ducommun from a “buy” rating to a “hold” rating in a report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $49.20.

DCO opened at $45.87 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.29 and a quick ratio of 1.46. The firm has a fifty day moving average price of $42.52 and a 200 day moving average price of $44.09. Ducommun has a 1 year low of $33.30 and a 1 year high of $52.04. The stock has a market cap of $530.93 million, a P/E ratio of 23.05 and a beta of 0.76.

In other Ducommun news, VP Rose F. Rogers sold 2,300 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $42.75, for a total value of $98,325.00. Following the transaction, the vice president now owns 24,918 shares of the company’s stock, valued at $1,065,244.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert C. Ducommun sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $46.50, for a total transaction of $46,500.00. Following the completion of the transaction, the director now directly owns 404,715 shares in the company, valued at approximately $18,819,247.50. The disclosure for this sale can be found here. Insiders sold 5,300 shares of company stock valued at $235,405 in the last three months. 8.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ibex Investors LLC acquired a new position in Ducommun in the second quarter valued at about $223,000. Swiss National Bank acquired a new stake in shares of Ducommun during the second quarter worth about $910,000. Panagora Asset Management Inc. lifted its position in shares of Ducommun by 2.1% during the second quarter. Panagora Asset Management Inc. now owns 120,796 shares of the aerospace company’s stock worth $5,444,000 after purchasing an additional 2,494 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Ducommun during the second quarter worth about $220,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Ducommun during the second quarter worth about $36,000. 83.58% of the stock is currently owned by institutional investors.

Ducommun Company Profile

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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Earnings History and Estimates for Ducommun (NYSE:DCO)

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