Wall Street analysts expect Ducommun Incorporated (NYSE:DCO) to announce $0.26 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Ducommun’s earnings. Ducommun reported earnings per share of $0.41 during the same quarter last year, which indicates a negative year-over-year growth rate of 36.6%. The company is scheduled to report its next earnings report on Wednesday, November 7th.
According to Zacks, analysts expect that Ducommun will report full year earnings of $0.92 per share for the current year. For the next financial year, analysts expect that the firm will report earnings of $2.02 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Ducommun.
Ducommun (NYSE:DCO) last issued its quarterly earnings data on Monday, August 6th. The aerospace company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.17). The business had revenue of $154.83 million during the quarter, compared to the consensus estimate of $148.53 million. Ducommun had a return on equity of 6.87% and a net margin of 3.13%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $0.33 EPS.
Several equities analysts have issued reports on DCO shares. ValuEngine raised shares of Ducommun from a “hold” rating to a “buy” rating in a report on Thursday, June 28th. B. Riley lifted their price target on shares of Ducommun from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Canaccord Genuity lifted their price target on shares of Ducommun from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, May 21st. Zacks Investment Research raised shares of Ducommun from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Wednesday, August 8th. Finally, Noble Financial raised shares of Ducommun from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Tuesday, August 7th. Six investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $40.20.
NYSE:DCO traded down $0.03 during trading hours on Thursday, reaching $39.56. The company’s stock had a trading volume of 30,500 shares, compared to its average volume of 40,986. The company has a market capitalization of $444.77 million, a price-to-earnings ratio of 29.59 and a beta of 0.96. Ducommun has a 12 month low of $25.06 and a 12 month high of $41.24. The company has a quick ratio of 1.54, a current ratio of 2.38 and a debt-to-equity ratio of 0.92.
In other Ducommun news, Director Robert C. Ducommun sold 5,000 shares of Ducommun stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $40.76, for a total value of $203,800.00. Following the transaction, the director now directly owns 413,745 shares of the company’s stock, valued at $16,864,246.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.20% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in Ducommun by 165.7% in the first 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 during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Ducommun during the first quarter valued at $210,000. First Trust Advisors LP grew its holdings in shares of Ducommun by 18.5% during the second quarter. First Trust Advisors LP now owns 11,738 shares of the aerospace company’s stock valued at $388,000 after buying an additional 1,836 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Ducommun by 437.5% during the second quarter. Bessemer Group Inc. now owns 12,900 shares of the aerospace company’s stock valued at $427,000 after buying an additional 10,500 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Ducommun during the second quarter valued at $790,000. 80.26% of the stock is currently owned by institutional investors and hedge funds.
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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