Analysts predict that Ducommun Incorporated (NYSE:DCO) will announce $158.09 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Ducommun’s earnings, with the lowest sales estimate coming in at $157.26 million and the highest estimate coming in at $158.91 million. Ducommun reported sales of $186.93 million during the same quarter last year, which would suggest a negative year over year growth rate of 15.4%. The business is scheduled to report its next quarterly earnings report 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 fiscal year, analysts expect that the firm will post sales of $647.11 million, with estimates ranging from $642.19 million to $652.03 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Ducommun.
Ducommun (NYSE:DCO) last announced its earnings results on Wednesday, October 28th. The aerospace company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. The business had revenue of $150.37 million for the quarter, compared to analyst estimates of $147.60 million. Ducommun had a net margin of 4.31% and a return on equity of 10.24%.
A number of brokerages have recently issued reports on DCO. Truist upgraded shares of Ducommun from a “hold” rating to a “buy” rating and raised their target price for the stock from $34.00 to $66.00 in a research report on Monday. Canaccord Genuity restated a “buy” rating on shares of Ducommun in a research report on Tuesday, November 10th. ValuEngine upgraded shares of Ducommun from a “sell” rating to a “hold” rating in a research report on Wednesday, November 11th. Zacks Investment Research upgraded shares of Ducommun from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Friday, October 30th. Finally, B. Riley lifted their price objective on shares of Ducommun from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, December 7th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Ducommun currently has a consensus rating of “Buy” and a consensus price target of $45.43.
In other news, CFO Christopher D. Wampler sold 4,000 shares of the company’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $39.94, for a total transaction of $159,760.00. Following the completion of the transaction, the chief financial officer now owns 15,658 shares of the company’s stock, valued at approximately $625,380.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert C. Ducommun sold 1,000 shares of the company’s stock in a transaction dated Wednesday, December 9th. The shares were sold at an average price of $55.03, for a total transaction of $55,030.00. Following the transaction, the director now directly owns 406,640 shares of the company’s stock, valued at approximately $22,377,399.20. The disclosure for this sale can be found here. Insiders sold a total of 7,406 shares of company stock valued at $332,630 in the last three months. 9.30% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System increased its stake in shares of Ducommun by 2.5% during the 3rd quarter. California Public Employees Retirement System now owns 24,417 shares of the aerospace company’s stock valued at $804,000 after acquiring an additional 600 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Ducommun by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 558,911 shares of the aerospace company’s stock valued at $19,489,000 after acquiring an additional 5,645 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Ducommun by 214.4% during the 2nd quarter. Bank of Montreal Can now owns 849 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 579 shares during the period. Bank of America Corp DE grew its holdings in shares of Ducommun by 4.5% during the 2nd quarter. Bank of America Corp DE now owns 22,848 shares of the aerospace company’s stock worth $796,000 after purchasing an additional 990 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in shares of Ducommun by 14.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 51,206 shares of the aerospace company’s stock worth $1,785,000 after purchasing an additional 6,590 shares during the period. 69.16% of the stock is owned by institutional investors.
Shares of DCO opened at $55.85 on Thursday. The company has a current ratio of 3.08, a quick ratio of 2.16 and a debt-to-equity ratio of 1.07. The firm has a market cap of $654.28 million, a PE ratio of 23.37 and a beta of 1.58. The company’s 50 day simple moving average is $52.97 and its 200-day simple moving average is $40.53. Ducommun has a 12-month low of $16.27 and a 12-month high of $59.00.
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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