Equities analysts expect Ducommun Incorporated (NYSE:DCO) to report earnings per share of $0.61 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Ducommun’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.68. Ducommun posted earnings per share of $0.36 during the same quarter last year, which would indicate a positive year over year growth rate of 69.4%. The firm is scheduled to issue its next quarterly earnings results on Monday, November 4th.
According to Zacks, 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 firm will post earnings of $2.64 per share, with EPS estimates ranging from $2.39 to $2.88. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Ducommun.
Ducommun (NYSE:DCO) last posted its quarterly earnings results on Monday, August 5th. The aerospace company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.11. Ducommun had a return on equity of 10.19% and a net margin of 2.97%. The company had revenue of $180.50 million during the quarter, compared to the consensus estimate of $167.92 million. During the same period last year, the business earned $0.14 EPS. The business’s quarterly revenue was up 16.6% on a year-over-year basis.
Several equities analysts have issued reports on the company. Noble Financial upgraded Ducommun from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Tuesday, August 6th. Zacks Investment Research raised Ducommun from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Wednesday. SunTrust Banks cut Ducommun from a “buy” rating to a “hold” rating and set a $45.00 price objective for the company. in a research report on Friday, June 14th. Finally, ValuEngine lowered Ducommun from a “buy” rating to a “hold” rating in a report on Thursday, July 18th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $49.20.
Shares of NYSE:DCO opened at $45.87 on Friday. Ducommun has a 1-year low of $33.30 and a 1-year high of $52.04. The firm has a market capitalization of $530.93 million, a PE ratio of 23.05 and a beta of 0.76. The business’s 50 day moving average is $42.52 and its 200-day moving average is $44.09. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 0.89.
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 transaction of $98,325.00. Following the completion of the sale, the vice president now directly owns 24,918 shares in the company, valued at $1,065,244.50. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 transaction, the director now directly owns 404,715 shares of the company’s stock, valued at $18,819,247.50. The disclosure for this sale can be found here. Insiders sold a total of 5,300 shares of company stock worth $235,405 in the last ninety days. 8.50% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Ducommun by 0.7% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,575 shares of the aerospace company’s stock valued at $1,809,000 after purchasing an additional 300 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Ducommun in the 2nd quarter valued at about $25,000. Bank of New York Mellon Corp raised its holdings in shares of Ducommun by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 41,542 shares of the aerospace company’s stock valued at $1,873,000 after purchasing an additional 653 shares in the last quarter. United Services Automobile Association raised its stake in shares of Ducommun by 4.0% during the 2nd quarter. United Services Automobile Association now owns 18,274 shares of the aerospace company’s stock worth $824,000 after acquiring an additional 700 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Ducommun by 3.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 25,537 shares of the aerospace company’s stock worth $1,151,000 after acquiring an additional 740 shares in the last quarter. Hedge funds and other institutional investors own 83.58% of the company’s stock.
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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