Analysts Expect Ducommun Incorporated (NYSE:DCO) Will Announce Earnings of $0.56 Per Share

Equities research analysts expect Ducommun Incorporated (NYSE:DCO) to announce earnings per share of $0.56 for the current quarter, Zacks reports. Three analysts have made estimates for Ducommun’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.48. Ducommun reported earnings per share of $0.14 in the same quarter last year, which would indicate a positive year-over-year growth rate of 300%. The business is expected to announce its next earnings results on Monday, August 5th.

On average, analysts expect that Ducommun will report full year earnings of $2.44 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.62. For the next financial year, analysts forecast that the business will report earnings of $2.45 per share, with EPS estimates ranging from $2.02 to $2.88. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Ducommun.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Monday, May 6th. The aerospace company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.15. Ducommun had a net margin of 2.13% and a return on equity of 9.02%. The company had revenue of $172.57 million during the quarter, compared to analysts’ expectations of $158.83 million. During the same quarter in the prior year, the company posted $0.25 EPS. The business’s revenue was up 14.7% on a year-over-year basis.

A number of equities analysts have recently issued reports on the stock. SunTrust Banks cut shares of Ducommun from a “buy” rating to a “hold” rating and set a $45.00 price objective for the company. in a research note on Friday, June 14th. Sidoti cut shares of Ducommun from a “buy” rating to a “neutral” rating and set a $53.00 target price for the company. in a research report on Wednesday, May 22nd. Noble Financial cut shares of Ducommun from an “outperform” rating to a “market perform” rating in a research report on Monday, May 13th. Zacks Investment Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 9th. Finally, TheStreet raised shares of Ducommun from a “c+” rating to a “b” rating in a report on Tuesday, May 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $47.67.

In other news, VP Christopher D. Wampler sold 3,000 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $45.98, for a total transaction of $137,940.00. Following the completion of the transaction, the vice president now owns 9,519 shares in the company, valued at approximately $437,683.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.50% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Ducommun by 0.7% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,575 shares of the aerospace company’s stock valued at $1,809,000 after acquiring an additional 300 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in Ducommun in the 1st quarter worth approximately $25,000. Macquarie Group Ltd. purchased a new stake in Ducommun in the 4th quarter worth approximately $25,000. Martingale Asset Management L P increased its holdings in Ducommun by 3.0% in the 4th quarter. Martingale Asset Management L P now owns 31,313 shares of the aerospace company’s stock worth $1,138,000 after acquiring an additional 900 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Ducommun by 4,516.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,108 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 1,084 shares during the period. Hedge funds and other institutional investors own 83.69% of the company’s stock.

Shares of DCO stock traded up $0.67 during mid-day trading on Friday, reaching $44.56. The company’s stock had a trading volume of 210 shares, compared to its average volume of 100,910. Ducommun has a 1-year low of $31.05 and a 1-year high of $52.04. The company has a market capitalization of $503.27 million, a P/E ratio of 22.39 and a beta of 0.84. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.51 and a current ratio of 2.40. The firm’s 50-day moving average is $46.89.

About Ducommun

Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace, defense, industrial, natural resources, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment offers cable assemblies and interconnect systems; printed circuit board assemblies; high-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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Earnings History and Estimates for Ducommun (NYSE:DCO)

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