Ducommun Incorporated (DCO) Expected to Post Quarterly Sales of $145.15 Million
Equities analysts expect Ducommun Incorporated (NYSE:DCO) to announce sales of $145.15 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Ducommun’s earnings. The highest sales estimate is $147.29 million and the lowest is $143.00 million. Ducommun posted sales of $142.49 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.9%. The company is scheduled to issue its next earnings results on Monday, March 5th.
On average, analysts expect that Ducommun will report full-year sales of $145.15 million for the current financial year, with estimates ranging from $558.93 million to $563.22 million. For the next fiscal year, analysts expect that the business will post sales of $584.73 million per share, with estimates ranging from $584.46 million to $585.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Ducommun.
Ducommun (NYSE:DCO) last issued its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. Ducommun had a net margin of 2.40% and a return on equity of 7.20%. The business had revenue of $138.70 million during the quarter, compared to analysts’ expectations of $143.72 million. During the same period last year, the company posted $0.44 EPS. The company’s revenue was up 4.6% on a year-over-year basis.
DCO has been the topic of a number of analyst reports. TheStreet upgraded shares of Ducommun from a “c” rating to a “b-” rating in a research report on Thursday, November 2nd. Sidoti lowered shares of Ducommun from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 17th. Noble Financial restated a “hold” rating on shares of Ducommun in a research report on Friday, November 3rd. Canaccord Genuity restated a “buy” rating and set a $36.00 target price on shares of Ducommun in a research report on Tuesday, September 12th. Finally, Zacks Investment Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Ducommun presently has a consensus rating of “Hold” and a consensus target price of $36.80.
Ducommun (DCO) opened at $28.58 on Wednesday. Ducommun has a 12 month low of $24.23 and a 12 month high of $35.58. The firm has a market cap of $323.76, a P/E ratio of 24.43 and a beta of 0.81. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.06 and a current ratio of 2.46.
In related news, CEO Stephen G. Oswald purchased 10,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were bought at an average price of $27.39 per share, for a total transaction of $273,900.00. Following the acquisition, the chief executive officer now directly owns 65,700 shares in the company, valued at $1,799,523. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anthony J. Reardon sold 30,000 shares of Ducommun stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $26.04, for a total transaction of $781,200.00. Following the completion of the transaction, the director now owns 82,603 shares in the company, valued at approximately $2,150,982.12. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Tocqueville Asset Management L.P. boosted its holdings in shares of Ducommun by 5.1% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 206,300 shares of the aerospace company’s stock valued at $6,612,000 after purchasing an additional 10,000 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Ducommun in the 3rd quarter valued at $1,103,000. Ameriprise Financial Inc. acquired a new position in shares of Ducommun in the 2nd quarter valued at $792,000. Royal Bank of Canada boosted its holdings 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 during the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Ducommun in the 3rd quarter valued at $261,000. Institutional investors own 81.64% of the company’s stock.
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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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