Brokerages expect Ducommun Incorporated (NYSE:DCO) to announce $146.00 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Ducommun’s earnings, with estimates ranging from $144.00 million to $148.00 million. Ducommun reported sales of $140.94 million during the same quarter last year, which indicates a positive year over year growth rate of 3.6%. The firm is expected to issue its next quarterly earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that Ducommun will report full year sales of $601.26 million for the current financial year, with estimates ranging from $600.06 million to $602.46 million. For the next financial year, analysts forecast that the business will report sales of $624.03 million per share, with estimates ranging from $618.06 million to $630.00 million. Zacks’ sales averages 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 Thursday, May 10th. The aerospace company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Ducommun had a return on equity of 6.92% and a net margin of 3.59%. The company had revenue of $150.46 million during the quarter, compared to analyst estimates of $143.23 million. During the same period in the previous year, the company earned $0.18 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year.
Several research firms have recently weighed in on DCO. ValuEngine cut Ducommun from a “buy” rating to a “hold” rating in a report on Tuesday, June 5th. Canaccord Genuity lifted their price objective on Ducommun from $36.00 to $38.00 and gave the company a “buy” rating in a report on Monday, May 21st. Zacks Investment Research cut Ducommun from a “buy” rating to a “hold” rating in a report on Tuesday, May 15th. Noble Financial reiterated a “hold” rating on shares of Ducommun in a report on Friday, March 2nd. Finally, B. Riley cut their price objective on Ducommun from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Ducommun currently has a consensus rating of “Hold” and an average target price of $36.75.
In other Ducommun news, VP Rose F. Rogers sold 2,700 shares of the business’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $33.09, for a total value of $89,343.00. Following the sale, the vice president now owns 23,910 shares in the company, valued at approximately $791,181.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher D. Wampler sold 1,550 shares of the business’s stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $34.80, for a total value of $53,940.00. Following the completion of the sale, the vice president now owns 7,140 shares in the company, valued at approximately $248,472. The disclosure for this sale can be found here. Insiders sold a total of 9,650 shares of company stock worth $328,125 in the last 90 days. Company insiders own 8.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dalton Greiner Hartman Maher & Co. lifted its stake in Ducommun by 1.9% in the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 92,376 shares of the aerospace company’s stock valued at $2,806,000 after acquiring an additional 1,699 shares in the last quarter. Foundry Partners LLC raised its stake in shares of Ducommun by 19.5% during the 1st quarter. Foundry Partners LLC now owns 239,980 shares of the aerospace company’s stock worth $7,291,000 after purchasing an additional 39,135 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Ducommun during the 1st quarter worth approximately $210,000. California Public Employees Retirement System raised its stake in shares of Ducommun by 12.3% during the 1st quarter. California Public Employees Retirement System now owns 40,860 shares of the aerospace company’s stock worth $1,241,000 after purchasing an additional 4,460 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Ducommun by 165.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,760 shares of the aerospace company’s stock worth $205,000 after purchasing an additional 4,216 shares in the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.
Shares of Ducommun traded down $0.15, hitting $33.61, during trading on Wednesday, Marketbeat reports. 16,800 shares of the company’s stock traded hands, compared to its average volume of 47,981. Ducommun has a 52 week low of $25.06 and a 52 week high of $35.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.47 and a quick ratio of 1.63. The stock has a market capitalization of $394.03 million, a PE ratio of 25.70 and a beta of 0.71.
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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