Ducommun Incorporated (NYSE:DCO) Expected to Announce Earnings of $0.79 Per Share

Analysts expect Ducommun Incorporated (NYSE:DCO) to report earnings of $0.79 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Ducommun’s earnings, with estimates ranging from $0.76 to $0.82. Ducommun posted earnings per share of $0.89 during the same quarter last year, which indicates a negative year over year growth rate of 11.2%. The company is expected to announce its next earnings report on Thursday, February 10th.

On average, analysts expect that Ducommun will report full year earnings of $2.88 per share for the current year, with EPS estimates ranging from $2.79 to $2.96. For the next financial year, analysts expect that the firm will report earnings of $3.31 per share, with EPS estimates ranging from $3.20 to $3.42. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Ducommun.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Tuesday, November 2nd. The aerospace company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.76 by $0.07. Ducommun had a return on equity of 10.80% and a net margin of 5.38%. The business had revenue of $163.23 million for the quarter, compared to analyst estimates of $167.77 million. During the same quarter in the previous year, the firm earned $0.69 EPS.

Several research analysts have recently commented on the company. Royal Bank of Canada assumed coverage on Ducommun in a report on Thursday, October 21st. They set an “outperform” rating and a $62.00 price target on the stock. Zacks Investment Research downgraded Ducommun from a “hold” rating to a “sell” rating in a research report on Tuesday.

NYSE DCO opened at $45.55 on Wednesday. Ducommun has a 52 week low of $41.72 and a 52 week high of $65.40. The company has a quick ratio of 2.06, a current ratio of 3.14 and a debt-to-equity ratio of 0.81. The business’s fifty day simple moving average is $46.52 and its 200-day simple moving average is $49.96. The firm has a market cap of $543.09 million, a PE ratio of 16.15 and a beta of 1.45.

In other news, CFO Christopher D. Wampler sold 1,500 shares of the business’s stock in a transaction dated Friday, November 12th. The stock was sold at an average price of $50.97, for a total transaction of $76,455.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in DCO. FMR LLC acquired a new position in shares of Ducommun during the second quarter worth about $33,000. UBS Group AG grew its position in shares of Ducommun by 67.7% during the third quarter. UBS Group AG now owns 805 shares of the aerospace company’s stock worth $41,000 after buying an additional 325 shares in the last quarter. US Bancorp DE grew its position in shares of Ducommun by 29.1% during the second quarter. US Bancorp DE now owns 1,931 shares of the aerospace company’s stock worth $106,000 after buying an additional 435 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its stake in Ducommun by 89,900.0% during the second quarter. Metropolitan Life Insurance Co NY now owns 3,600 shares of the aerospace company’s stock worth $196,000 after purchasing an additional 3,596 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Ducommun by 5.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,825 shares of the aerospace company’s stock worth $209,000 after purchasing an additional 198 shares during the last quarter. 82.72% of the stock is owned by institutional investors and hedge funds.

Ducommun Company Profile

Ducommun, Inc engages in the provision of engineering and manufacturing services to the aerospace, defence, industrial, and medical industries. It operates through the Electronic Systems and Structural Systems business segment. The Electronic Systems segment offers electronic and electromechanical products used in worldwide technology-driven markets.

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