Zacks: Analysts Expect Ducommun Incorporated (NYSE:DCO) Will Post Quarterly Sales of $160.85 Million

Analysts forecast that Ducommun Incorporated (NYSE:DCOGet Rating) will post sales of $160.85 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Ducommun’s earnings. The lowest sales estimate is $160.40 million and the highest is $161.29 million. Ducommun posted sales of $157.15 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.4%. The business is scheduled to report its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Ducommun will report full year sales of $697.35 million for the current year, with estimates ranging from $690.60 million to $704.09 million. For the next year, analysts forecast that the firm will report sales of $744.34 million, with estimates ranging from $738.70 million to $749.97 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Ducommun.

Ducommun (NYSE:DCOGet Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The aerospace company reported $0.79 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.79. Ducommun had a return on equity of 9.49% and a net margin of 21.00%. The company had revenue of $164.84 million during the quarter, compared to the consensus estimate of $167.02 million.

Several equities research analysts recently commented on the company. TheStreet raised Ducommun from a “c+” rating to a “b” rating in a research note on Tuesday, March 8th. StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 24th. Finally, Zacks Investment Research cut Ducommun from a “hold” rating to a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $59.50.

NYSE DCO opened at $52.85 on Wednesday. The business has a 50 day simple moving average of $51.95 and a 200 day simple moving average of $48.39. Ducommun has a one year low of $40.82 and a one year high of $60.90. The stock has a market capitalization of $632.72 million, a P/E ratio of 4.77 and a beta of 1.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.03 and a quick ratio of 2.10.

In related news, VP Jerry L. Redondo sold 6,052 shares of Ducommun stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $50.33, for a total transaction of $304,597.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert C. Ducommun sold 1,500 shares of Ducommun stock in a transaction on Thursday, March 24th. The stock was sold at an average price of $53.25, for a total value of $79,875.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,802 shares of company stock worth $503,025. 10.80% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of DCO. Wellington Management Group LLP lifted its holdings in Ducommun by 32.7% during the third quarter. Wellington Management Group LLP now owns 472,129 shares of the aerospace company’s stock worth $23,772,000 after acquiring an additional 116,345 shares during the period. Cove Street Capital LLC lifted its holdings in Ducommun by 15,364.3% during the third quarter. Cove Street Capital LLC now owns 108,250 shares of the aerospace company’s stock worth $5,451,000 after acquiring an additional 107,550 shares during the period. Meros Investment Management LP bought a new stake in Ducommun during the fourth quarter worth $4,623,000. RDST Capital LLC bought a new stake in Ducommun during the fourth quarter worth $3,718,000. Finally, Kennedy Capital Management Inc. raised its stake in shares of Ducommun by 60.2% in the fourth quarter. Kennedy Capital Management Inc. now owns 129,567 shares of the aerospace company’s stock valued at $6,060,000 after buying an additional 48,679 shares during the period. Institutional investors and hedge funds own 83.32% of the company’s stock.

About Ducommun (Get Rating)

Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace and defense, industrial, medical, and other industries in the United States. It operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; higher-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, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.

Featured Articles

Get a free copy of the Zacks research report on Ducommun (DCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ducommun (NYSE:DCO)

Receive News & Ratings for Ducommun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ducommun and related companies with MarketBeat.com's FREE daily email newsletter.