Zacks: Analysts Anticipate Ducommun Incorporated (DCO) to Announce $0.38 EPS
Wall Street brokerages expect that Ducommun Incorporated (NYSE:DCO) will post $0.38 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Ducommun’s earnings. The highest EPS estimate is $0.46 and the lowest is $0.29. Ducommun posted earnings of $0.44 per share during the same quarter last year, which indicates a negative year over year growth rate of 13.6%. The business is scheduled to report its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Ducommun will report full-year earnings of $1.31 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.47. For the next financial year, analysts expect that the firm will post earnings of $1.85 per share, with EPS estimates ranging from $1.60 to $2.10. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Ducommun.
Ducommun (NYSE:DCO) last issued its earnings results on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.03. Ducommun had a net margin of 2.50% and a return on equity of 7.49%. The firm had revenue of $140.90 million during the quarter, compared to analyst estimates of $138.39 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. Ducommun’s revenue for the quarter was up 5.6% on a year-over-year basis.
Several equities research analysts recently commented on DCO shares. BidaskClub lowered shares of Ducommun from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of Ducommun from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. ValuEngine raised shares of Ducommun from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Noble Financial reissued a “hold” rating on shares of Ducommun in a report on Friday, August 4th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $35.00 price target on shares of Ducommun in a report on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Ducommun presently has an average rating of “Hold” and an average price target of $36.25.
In other Ducommun news, Director Anthony J. Reardon sold 1,996 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $27.65, for a total transaction of $55,189.40. Following the sale, the director now directly owns 117,602 shares in the company, valued at $3,251,695.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony J. Reardon sold 3,300 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $27.59, for a total transaction of $91,047.00. Following the sale, the director now owns 127,724 shares in the company, valued at $3,523,905.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,701 shares of company stock worth $1,237,582. Corporate insiders own 8.20% of the company’s stock.
A number of large investors have recently modified their holdings of the business. Royal Bank of Canada increased its stake in Ducommun by 4.2% during the second quarter. Royal Bank of Canada now owns 1,460,820 shares of the aerospace company’s stock worth $46,133,000 after purchasing an additional 58,559 shares during the period. Paradigm Capital Management Inc. NY increased its stake in Ducommun by 33.9% during the second quarter. Paradigm Capital Management Inc. NY now owns 604,695 shares of the aerospace company’s stock worth $19,097,000 after purchasing an additional 153,095 shares during the period. Renaissance Technologies LLC increased its stake in Ducommun by 12.1% during the second quarter. Renaissance Technologies LLC now owns 597,500 shares of the aerospace company’s stock worth $18,869,000 after purchasing an additional 64,400 shares during the period. Vanguard Group Inc. increased its stake in Ducommun by 3.7% during the second quarter. Vanguard Group Inc. now owns 457,773 shares of the aerospace company’s stock worth $14,456,000 after purchasing an additional 16,204 shares during the period. Finally, State Street Corp increased its stake in Ducommun by 9.3% during the second quarter. State Street Corp now owns 191,241 shares of the aerospace company’s stock worth $6,039,000 after purchasing an additional 16,194 shares during the period. Institutional investors own 79.75% of the company’s stock.
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Shares of Ducommun (NYSE DCO) traded down 0.26% during trading on Friday, hitting $33.99. 42,211 shares of the company were exchanged. The firm’s 50-day moving average price is $29.49 and its 200 day moving average price is $30.38. Ducommun has a 12 month low of $18.70 and a 12 month high of $35.58. The firm has a market capitalization of $384.73 million, a PE ratio of 28.28 and a beta of 0.86.
Ducommun Company Profile
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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