Analysts Anticipate Ducommun Incorporated (DCO) to Post -$0.34 Earnings Per Share

Wall Street analysts forecast that Ducommun Incorporated (NYSE:DCO) will post earnings per share of ($0.34) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Ducommun’s earnings, with the lowest EPS estimate coming in at ($0.35) and the highest estimate coming in at ($0.32). Ducommun reported earnings of $0.45 per share during the same quarter last year, which indicates a negative year over year growth rate of 175.6%. The firm is scheduled to issue its next quarterly earnings report on Monday, March 5th.

On average, analysts expect that Ducommun will report full-year earnings of $0.59 per share for the current financial year, with EPS estimates ranging from $0.57 to $0.61. For the next fiscal year, analysts anticipate that the company will report earnings of $0.85 per share, with EPS estimates ranging from $0.75 to $0.95. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Ducommun.

Ducommun (NYSE:DCO) last posted its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The business had revenue of $138.70 million for the quarter, compared to the consensus estimate of $143.72 million. Ducommun had a net margin of 2.40% and a return on equity of 7.20%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share.

A number of equities research analysts have recently commented on DCO shares. Zacks Investment Research cut shares of Ducommun from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Canaccord Genuity increased their target price on shares of Ducommun from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Sidoti upgraded shares of Ducommun from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Monday, November 13th. TheStreet upgraded shares of Ducommun from a “c” rating to a “b-” rating in a research report on Thursday, November 2nd. Finally, ValuEngine cut shares of Ducommun from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Ducommun presently has a consensus rating of “Hold” and an average target price of $36.80.

Ducommun (NYSE:DCO) traded down $0.11 on Monday, reaching $28.47. 52,800 shares of the company’s stock traded hands, compared to its average volume of 103,414. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $322.97, a P/E ratio of 24.33 and a beta of 0.81. Ducommun has a fifty-two week low of $25.06 and a fifty-two week high of $35.58.

In other news, CEO Stephen G. Oswald acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average cost of $27.39 per share, for a total transaction of $273,900.00. Following the completion of the transaction, the chief executive officer now owns 65,700 shares in the company, valued at $1,799,523. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anthony J. Reardon sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $26.04, for a total transaction of $781,200.00. Following the sale, the director now owns 82,603 shares of the company’s stock, valued at $2,150,982.12. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Dalton Greiner Hartman Maher & Co. acquired a new stake in Ducommun during the fourth quarter worth about $2,580,000. GSA Capital Partners LLP increased its position in Ducommun by 7.6% during the third quarter. GSA Capital Partners LLP now owns 57,799 shares of the aerospace company’s stock worth $1,852,000 after purchasing an additional 4,100 shares during the last quarter. Griffin Asset Management Inc. acquired a new stake in Ducommun during the third quarter worth about $450,000. PEAK6 Investments L.P. purchased a new position in Ducommun during the third quarter worth about $366,000. Finally, Mackenzie Financial Corp purchased a new position in Ducommun during the third quarter worth about $229,000. Hedge funds and other institutional investors own 81.64% of the company’s stock.

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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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