Brokerages Expect Ducommun Incorporated (NYSE:DCO) to Announce $0.85 Earnings Per Share

Wall Street analysts expect Ducommun Incorporated (NYSE:DCOGet Rating) to post earnings of $0.85 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Ducommun’s earnings, with the highest EPS estimate coming in at $0.91 and the lowest estimate coming in at $0.79. Ducommun reported earnings of $0.74 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.9%. The business is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Ducommun will report full-year earnings of $3.69 per share for the current year, with EPS estimates ranging from $3.30 to $4.07. For the next fiscal year, analysts anticipate that the business will report earnings of $4.27 per share, with EPS estimates ranging from $3.95 to $4.58. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Ducommun.

Ducommun (NYSE:DCOGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The aerospace company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.14. The company had revenue of $163.48 million for the quarter, compared to analysts’ expectations of $160.85 million. Ducommun had a net margin of 21.01% and a return on equity of 8.91%. During the same period in the prior year, the company posted $0.58 EPS.

Several research firms have issued reports on DCO. StockNews.com cut shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 9th. Zacks Investment Research upgraded shares of Ducommun from a “sell” rating to a “hold” rating in a research note on Friday, May 6th. TheStreet upgraded shares of Ducommun from a “c+” rating to a “b” rating in a research report on Tuesday, March 8th. Finally, B. Riley raised their price objective on shares of Ducommun from $68.00 to $72.00 in a research report on Wednesday, May 4th.

NYSE DCO opened at $45.82 on Friday. Ducommun has a 1 year low of $40.00 and a 1 year high of $58.18. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.94 and a quick ratio of 1.93. The stock has a market capitalization of $551.21 million, a PE ratio of 4.10 and a beta of 1.30. The company’s 50 day simple moving average is $49.75 and its two-hundred day simple moving average is $47.73.

In related news, Director Robert C. Ducommun sold 1,500 shares of the stock in a transaction on Thursday, March 24th. The shares were sold at an average price of $53.25, for a total transaction of $79,875.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert C. Ducommun sold 2,250 shares of the stock in a transaction on Tuesday, March 22nd. The shares were sold at an average price of $52.69, for a total transaction of $118,552.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,528 shares of company stock worth $670,265. 10.80% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC bought a new stake in Ducommun in the 1st quarter worth $34,000. UBS Group AG grew its holdings in Ducommun by 67.7% in the 3rd quarter. UBS Group AG now owns 805 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 325 shares during the last quarter. Denali Advisors LLC bought a new stake in Ducommun in the 4th quarter worth $42,000. Voya Investment Management LLC grew its holdings in Ducommun by 6.7% in the 3rd quarter. Voya Investment Management LLC now owns 4,690 shares of the aerospace company’s stock worth $236,000 after acquiring an additional 295 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in Ducommun in the 1st quarter worth $259,000. 84.20% of the stock is currently owned by institutional investors and hedge funds.

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.

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