Analysts expect Ducommun Incorporated (NYSE:DCO) to post earnings per share of ($0.34) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Ducommun’s earnings. The highest EPS estimate is ($0.32) and the lowest is ($0.35). Ducommun reported earnings of $0.45 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 175.6%. The firm is scheduled to issue its next earnings report on Monday, March 5th.
According to Zacks, analysts expect that Ducommun will report full year earnings of $0.59 per share for the current year, with EPS estimates ranging from $0.57 to $0.61. For the next year, analysts anticipate that the company will post earnings of $0.85 per share, with EPS estimates ranging from $0.75 to $0.95. Zacks’ EPS 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 results on Wednesday, November 1st. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. Ducommun had a return on equity of 7.20% and a net margin of 2.40%. The firm had revenue of $138.70 million for the quarter, compared to analyst estimates of $143.72 million. During the same period last year, the company earned $0.44 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis.
Shares of Ducommun (NYSE:DCO) traded down $0.25 during trading hours on Thursday, reaching $28.79. The company’s stock had a trading volume of 36,016 shares, compared to its average volume of 71,411. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 0.99. Ducommun has a 12-month low of $25.06 and a 12-month high of $35.58. The firm has a market cap of $331.69, a price-to-earnings ratio of 24.55 and a beta of 0.81.
In other news, CEO Stephen G. Oswald acquired 10,000 shares of Ducommun stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $26.30 per share, with a total value of $263,000.00. Following the purchase, the chief executive officer now directly owns 75,700 shares of the company’s stock, valued at approximately $1,990,910. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anthony J. Reardon sold 30,000 shares of Ducommun stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $26.04, for a total value of $781,200.00. Following the completion of the transaction, the director now directly owns 82,603 shares in the company, valued at $2,150,982.12. The disclosure for this sale can be found here. Insiders own 8.20% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DCO. Dalton Greiner Hartman Maher & Co. acquired a new position in shares of Ducommun in the 4th quarter valued at about $2,580,000. Foundry Partners LLC lifted its stake in shares of Ducommun by 60.1% in the 3rd quarter. Foundry Partners LLC now owns 208,220 shares of the aerospace company’s stock valued at $6,673,000 after purchasing an additional 78,175 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Ducommun by 12.1% in the 2nd quarter. Renaissance Technologies LLC now owns 597,500 shares of the aerospace company’s stock valued at $18,869,000 after purchasing an additional 64,400 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Ducommun by 4.2% in the 2nd quarter. Royal Bank of Canada now owns 1,460,820 shares of the aerospace company’s stock valued at $46,133,000 after purchasing an additional 58,559 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Ducommun by 137.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 68,855 shares of the aerospace company’s stock valued at $2,174,000 after purchasing an additional 39,866 shares in the last quarter. 82.16% of the stock is currently owned by institutional investors and hedge funds.
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Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions.
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