Zacks: Analysts Anticipate Ducommun Incorporated (NYSE:DCO) to Announce $0.61 Earnings Per Share

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Wall Street analysts expect that Ducommun Incorporated (NYSE:DCO) will post $0.61 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Ducommun’s earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.58. Ducommun reported earnings of $0.36 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 69.4%. The business is expected to report its next earnings report on Monday, November 4th.

According to Zacks, analysts expect that Ducommun will report full-year earnings of $2.54 per share for the current year, with EPS estimates ranging from $2.44 to $2.70. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.64 per share, with EPS estimates ranging from $2.39 to $2.88. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Ducommun.

Ducommun (NYSE:DCO) last posted its earnings results on Monday, August 5th. The aerospace company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.11. Ducommun had a return on equity of 10.19% and a net margin of 2.97%. The business had revenue of $180.50 million during the quarter, compared to the consensus estimate of $167.92 million. During the same period in the previous year, the business earned $0.14 EPS. The business’s quarterly revenue was up 16.6% on a year-over-year basis.

Several analysts have recently weighed in on DCO shares. Sidoti downgraded Ducommun from a “buy” rating to a “neutral” rating and set a $53.00 target price for the company. in a report on Wednesday, May 22nd. Noble Financial raised Ducommun from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Tuesday, August 6th. TheStreet raised Ducommun from a “c+” rating to a “b” rating in a research note on Tuesday, May 7th. Zacks Investment Research raised Ducommun from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Thursday, August 8th. Finally, ValuEngine downgraded Ducommun from a “buy” rating to a “hold” rating in a research note on Thursday, July 18th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Ducommun presently has an average rating of “Buy” and a consensus price target of $48.80.

Shares of Ducommun stock traded down $0.09 on Wednesday, hitting $40.73. The stock had a trading volume of 867 shares, compared to its average volume of 114,285. Ducommun has a 52-week low of $33.30 and a 52-week high of $52.04. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 0.89. The stock has a market cap of $477.31 million, a price-to-earnings ratio of 20.47 and a beta of 0.80. The company’s 50 day moving average price is $42.93 and its 200 day moving average price is $43.98.

In other Ducommun news, VP Christopher D. Wampler sold 3,000 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now directly owns 9,519 shares of the company’s stock, valued at approximately $437,683.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Rose F. Rogers sold 2,300 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $42.75, for a total value of $98,325.00. Following the transaction, the vice president now directly owns 24,918 shares of the company’s stock, valued at $1,065,244.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,300 shares of company stock valued at $326,845. 8.50% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its stake 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 worth $1,809,000 after buying an additional 300 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Ducommun during the 2nd quarter worth approximately $25,000. Quantamental Technologies LLC purchased a new position in shares of Ducommun during the 1st quarter worth approximately $25,000. Bank of New York Mellon Corp raised its stake in shares of Ducommun by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 41,542 shares of the aerospace company’s stock worth $1,873,000 after buying an additional 653 shares in the last quarter. Finally, United Services Automobile Association raised its stake in shares of Ducommun by 4.0% during the 2nd quarter. United Services Automobile Association now owns 18,274 shares of the aerospace company’s stock worth $824,000 after buying an additional 700 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

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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