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.
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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.
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