Analysts Anticipate Ducommun Incorporated (NYSE:DCO) Will Announce Quarterly Sales of $187.04 Million

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Wall Street brokerages expect Ducommun Incorporated (NYSE:DCO) to announce sales of $187.04 million for the current quarter, according to Zacks. Two analysts have made estimates for Ducommun’s earnings. The highest sales estimate is $188.25 million and the lowest is $185.82 million. Ducommun posted sales of $164.18 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.9%. The firm is expected to issue its next earnings report on Thursday, February 27th.

According to Zacks, analysts expect that Ducommun will report full year sales of $721.20 million for the current financial year, with estimates ranging from $719.98 million to $722.41 million. For the next year, analysts expect that the business will report sales of $770.10 million, with estimates ranging from $762.69 million to $777.50 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Ducommun.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Wednesday, October 30th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.09. Ducommun had a return on equity of 10.70% and a net margin of 3.47%. The firm had revenue of $181.10 million for the quarter, compared to analyst estimates of $174.05 million. During the same quarter last year, the company posted $0.62 earnings per share. The business’s revenue was up 13.3% on a year-over-year basis.

A number of research firms recently issued reports on DCO. ValuEngine raised Ducommun from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Noble Financial raised Ducommun from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Tuesday, August 6th. Sidoti lowered their price objective on Ducommun from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Finally, Zacks Investment Research lowered Ducommun from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Ducommun presently has an average rating of “Hold” and an average price target of $45.75.

In other Ducommun news, Director Robert C. Ducommun sold 600 shares of Ducommun stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $46.62, for a total value of $27,972.00. Following the sale, the director now owns 404,115 shares of the company’s stock, valued at approximately $18,839,841.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert C. Ducommun sold 1,000 shares of Ducommun stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $46.50, for a total value of $46,500.00. Following the completion of the sale, the director now directly owns 404,715 shares in the company, valued at approximately $18,819,247.50. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Quantum Capital Management purchased a new stake in shares of Ducommun during the 3rd quarter worth approximately $159,000. California State Teachers Retirement System raised its position in shares of Ducommun by 1.9% during the 3rd quarter. California State Teachers Retirement System now owns 16,725 shares of the aerospace company’s stock worth $709,000 after purchasing an additional 318 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Ducommun by 539.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,073 shares of the aerospace company’s stock worth $88,000 after purchasing an additional 1,749 shares during the last quarter. Monarch Partners Asset Management LLC raised its position in shares of Ducommun by 55.0% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 15,561 shares of the aerospace company’s stock worth $660,000 after purchasing an additional 5,520 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Ducommun by 27.0% during the 3rd quarter. First Trust Advisors LP now owns 24,068 shares of the aerospace company’s stock worth $1,020,000 after purchasing an additional 5,122 shares during the last quarter. 83.06% of the stock is currently owned by institutional investors.

Shares of NYSE DCO traded down $0.01 during midday trading on Friday, reaching $47.53. 84,112 shares of the company were exchanged, compared to its average volume of 72,857. The company has a current ratio of 2.35, a quick ratio of 1.52 and a debt-to-equity ratio of 0.84. Ducommun has a 1 year low of $33.30 and a 1 year high of $52.04. The stock has a fifty day simple moving average of $45.53 and a 200 day simple moving average of $44.31. The stock has a market cap of $551.12 million, a P/E ratio of 23.88 and a beta of 0.77.

Ducommun Company Profile

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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