Analysts Anticipate Ducommun Incorporated (DCO) Will Announce Earnings of -$0.34 Per Share

Equities analysts expect Ducommun Incorporated (NYSE:DCO) to report ($0.34) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Ducommun’s earnings. The highest EPS estimate is ($0.32) and the lowest is ($0.35). Ducommun reported earnings of $0.45 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 175.6%. The firm is expected to issue its next earnings results after the market closes on Wednesday, February 28th.

On average, analysts expect that Ducommun will report full-year earnings of $0.59 per share for the current year, with EPS estimates ranging from $0.57 to $0.61. For the next fiscal year, analysts anticipate that the company will report earnings of $0.85 per share, with EPS estimates ranging from $0.75 to $0.95. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Ducommun.

Several analysts have recently weighed in on DCO shares. TheStreet raised shares of Ducommun from a “c” rating to a “b-” rating in a report on Thursday, November 2nd. Noble Financial reaffirmed a “hold” rating on shares of Ducommun in a report on Friday, November 3rd. Sidoti raised shares of Ducommun from a “neutral” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Monday, November 13th. Canaccord Genuity raised their price objective on shares of Ducommun from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, Zacks Investment Research raised shares of Ducommun from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $36.80.

Ducommun (NYSE:DCO) traded down $0.05 during midday trading on Friday, hitting $28.46. 30,096 shares of the stock traded hands, compared to its average volume of 61,972. The firm has a market capitalization of $322.39, a price-to-earnings ratio of 24.32 and a beta of 0.84. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 0.99. Ducommun has a 12 month low of $25.06 and a 12 month high of $35.58.

Several institutional investors have recently modified their holdings of DCO. Dalton Greiner Hartman Maher & Co. acquired a new stake in shares of Ducommun in the fourth quarter valued at approximately $2,580,000. Foundry Partners LLC increased its holdings in shares of Ducommun by 60.1% in the third quarter. Foundry Partners LLC now owns 208,220 shares of the aerospace company’s stock valued at $6,673,000 after purchasing an additional 78,175 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Ducommun by 127.3% in the fourth quarter. Deutsche Bank AG now owns 117,834 shares of the aerospace company’s stock valued at $3,349,000 after purchasing an additional 65,991 shares in the last quarter. Paradigm Capital Management Inc. NY increased its holdings in shares of Ducommun by 10.3% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 698,000 shares of the aerospace company’s stock valued at $19,858,000 after purchasing an additional 64,905 shares in the last quarter. Finally, Kennedy Capital Management Inc. acquired a new stake in shares of Ducommun in the fourth quarter valued at approximately $1,242,000. 81.69% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece of content was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/18/analysts-anticipate-ducommun-incorporated-dco-will-announce-earnings-of-0-34-per-share.html.

Ducommun Company Profile

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.

Get a free copy of the Zacks research report on Ducommun (DCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ducommun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ducommun and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply