Analysts predict that Ducommun Incorporated (NYSE:DCO) will announce sales of $158.09 million for the current quarter, according to Zacks. Two analysts have made estimates for Ducommun’s earnings. The lowest sales estimate is $157.26 million and the highest is $158.91 million. Ducommun posted sales of $186.93 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 15.4%. The firm is expected to issue its next quarterly earnings results on Thursday, February 18th.
According to Zacks, analysts expect that Ducommun will report full-year sales of $629.25 million for the current financial year, with estimates ranging from $628.42 million to $630.07 million. For the next financial year, analysts anticipate that the company will post sales of $647.11 million, with estimates ranging from $642.19 million to $652.03 million. Zacks’ sales averages are an average based on a survey of research firms that cover Ducommun.
Ducommun (NYSE:DCO) last announced its quarterly earnings data on Wednesday, October 28th. The aerospace company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $150.37 million for the quarter, compared to analyst estimates of $147.60 million. Ducommun had a return on equity of 10.24% and a net margin of 4.31%.
A number of research analysts have weighed in on DCO shares. Zacks Investment Research upgraded Ducommun from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Friday, October 30th. ValuEngine upgraded Ducommun from a “sell” rating to a “hold” rating in a report on Wednesday, November 11th. Truist upgraded Ducommun from a “hold” rating to a “buy” rating and raised their price objective for the company from $34.00 to $66.00 in a report on Monday. Canaccord Genuity reiterated a “buy” rating on shares of Ducommun in a report on Tuesday, November 10th. Finally, B. Riley lifted their price target on Ducommun from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, December 7th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $45.43.
Shares of DCO stock opened at $55.85 on Thursday. The stock’s fifty day moving average is $52.97 and its two-hundred day moving average is $40.53. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.16 and a current ratio of 3.08. The firm has a market capitalization of $654.28 million, a P/E ratio of 23.37 and a beta of 1.58. Ducommun has a fifty-two week low of $16.27 and a fifty-two week high of $59.00.
In related news, VP Jerry L. Redondo sold 1,406 shares of the firm’s stock in a transaction dated Friday, November 20th. The stock was sold at an average price of $44.41, for a total transaction of $62,440.46. Following the completion of the sale, the vice president now directly owns 34,239 shares of the company’s stock, valued at approximately $1,520,553.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert C. Ducommun sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 9th. The stock was sold at an average price of $55.03, for a total value of $55,030.00. Following the sale, the director now directly owns 406,640 shares of the company’s stock, valued at $22,377,399.20. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock valued at $332,630 over the last three months. Corporate insiders own 9.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC grew its position in Ducommun by 194.0% in the 4th quarter. Wedge Capital Management L L P NC now owns 21,633 shares of the aerospace company’s stock valued at $1,162,000 after acquiring an additional 14,274 shares in the last quarter. Squarepoint Ops LLC grew its position in Ducommun by 28.3% in the 3rd quarter. Squarepoint Ops LLC now owns 27,710 shares of the aerospace company’s stock valued at $912,000 after acquiring an additional 6,119 shares in the last quarter. Morgan Stanley grew its position in Ducommun by 474.4% in the 3rd quarter. Morgan Stanley now owns 22,148 shares of the aerospace company’s stock valued at $728,000 after acquiring an additional 18,292 shares in the last quarter. Guggenheim Capital LLC grew its position in Ducommun by 2.7% in the 3rd quarter. Guggenheim Capital LLC now owns 20,395 shares of the aerospace company’s stock valued at $671,000 after acquiring an additional 542 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Ducommun by 228.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,946 shares of the aerospace company’s stock valued at $390,000 after acquiring an additional 8,309 shares in the last quarter. 69.16% of the stock is owned by institutional investors.
Ducommun Company Profile
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 offers 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, wire harnesses, surge suppressors, conformal shields, and other assemblies.
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