Equities analysts predict that Ducommun Incorporated (NYSE:DCO) will announce earnings of $0.04 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Ducommun’s earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at $0.03. Ducommun posted earnings per share of $0.33 in the same quarter last year, which indicates a negative year over year growth rate of 87.9%. The company is scheduled to announce its next quarterly earnings results on Thursday, August 2nd.
On average, analysts expect that Ducommun will report full-year earnings of $0.89 per share for the current fiscal year, with EPS estimates ranging from $0.74 to $1.03. For the next fiscal year, analysts forecast that the company will post earnings of $2.10 per share, with EPS estimates ranging from $1.96 to $2.23. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Ducommun.
Ducommun (NYSE:DCO) last issued its earnings results on Thursday, May 10th. The aerospace company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $150.46 million during the quarter, compared to analyst estimates of $143.23 million. Ducommun had a net margin of 3.59% and a return on equity of 6.92%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $0.18 earnings per share.
DCO has been the subject of several research reports. ValuEngine raised Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, May 26th. Zacks Investment Research raised Ducommun from a “hold” rating to a “strong-buy” rating and set a $33.00 target price for the company in a report on Tuesday, May 1st. Finally, Canaccord Genuity reissued a “buy” rating on shares of Ducommun in a report on Monday, May 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $36.75.
Shares of Ducommun opened at $33.61 on Thursday, MarketBeat Ratings reports. Ducommun has a twelve month low of $25.06 and a twelve month 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 cap of $376.61 million, a price-to-earnings ratio of 25.27 and a beta of 0.77.
In other news, VP Rose F. Rogers sold 2,700 shares of the stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $33.09, for a total transaction of $89,343.00. Following the completion of the transaction, the vice president now directly owns 23,910 shares of the company’s stock, valued at approximately $791,181.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Christopher D. Wampler sold 1,550 shares of the stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $34.80, for a total value of $53,940.00. Following the transaction, the vice president now directly owns 7,140 shares of the company’s stock, valued at $248,472. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,650 shares of company stock valued at $328,125. 8.50% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Ducommun by 0.6% in the 4th quarter. BlackRock Inc. now owns 707,759 shares of the aerospace company’s stock worth $20,136,000 after acquiring an additional 4,272 shares during the period. Royce & Associates LP grew its holdings in Ducommun by 4.2% during the 4th quarter. Royce & Associates LP now owns 150,213 shares of the aerospace company’s stock valued at $4,274,000 after buying an additional 6,000 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Ducommun by 42.4% during the 4th quarter. Mackenzie Financial Corp now owns 10,171 shares of the aerospace company’s stock valued at $289,000 after buying an additional 3,030 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in Ducommun by 5.0% during the 4th quarter. Allianz Asset Management GmbH now owns 49,376 shares of the aerospace company’s stock valued at $1,405,000 after buying an additional 2,350 shares during the last quarter. Finally, Kennedy Capital Management Inc. acquired a new stake in Ducommun during the 4th quarter valued at $1,242,000. 81.86% of the stock is owned by institutional investors and hedge funds.
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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