Zacks: Brokerages Anticipate Ducommun Incorporated (DCO) Will Announce Earnings of $0.33 Per Share

Brokerages expect Ducommun Incorporated (NYSE:DCO) to report earnings per share (EPS) of $0.33 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Ducommun’s earnings, with estimates ranging from $0.29 to $0.36. Ducommun also posted earnings per share of $0.33 during the same quarter last year. The business is scheduled to announce its next quarterly earnings report on Thursday, August 2nd.

On average, analysts expect that Ducommun will report full year earnings of $1.59 per share for the current year, with EPS estimates ranging from $1.51 to $1.66. For the next year, analysts forecast that the company will report earnings of $2.16 per share, with EPS estimates ranging from $2.09 to $2.23. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Ducommun.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Thursday, May 10th. The aerospace company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Ducommun had a net margin of 3.59% and a return on equity of 6.92%. The business had revenue of $150.46 million during the quarter, compared to analyst estimates of $143.23 million. During the same period in the prior year, the business earned $0.18 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis.

Several research analysts have commented on the stock. ValuEngine lowered shares of Ducommun from a “buy” rating to a “hold” rating in a report on Tuesday, June 5th. Canaccord Genuity upped their price objective on shares of Ducommun from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, May 21st. Zacks Investment Research lowered shares of Ducommun from a “buy” rating to a “hold” rating in a report on Tuesday, May 15th. Noble Financial restated a “hold” rating on shares of Ducommun in a report on Friday, March 2nd. Finally, B. Riley decreased their price objective on shares of Ducommun from $40.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $36.75.

Shares of NYSE DCO opened at $35.05 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.47 and a quick ratio of 1.63. Ducommun has a 12 month low of $25.06 and a 12 month high of $35.89. The firm has a market capitalization of $403.25 million, a price-to-earnings ratio of 26.35 and a beta of 0.71.

In other Ducommun news, VP Rose F. Rogers sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $34.14, for a total transaction of $92,178.00. Following the completion of the sale, the vice president now directly owns 29,310 shares in the company, valued at approximately $1,000,643.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Christopher D. Wampler sold 1,550 shares of the firm’s stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $34.80, for a total transaction of $53,940.00. Following the sale, the vice president now owns 7,140 shares of the company’s stock, valued at $248,472. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,650 shares of company stock valued at $328,125. 8.50% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Dalton Greiner Hartman Maher & Co. increased its stake in Ducommun by 1.9% during the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 92,376 shares of the aerospace company’s stock valued at $2,806,000 after purchasing an additional 1,699 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Ducommun by 5.0% during the 4th quarter. Allianz Asset Management GmbH now owns 49,376 shares of the aerospace company’s stock valued at $1,405,000 after acquiring an additional 2,350 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Ducommun by 16.9% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 18,350 shares of the aerospace company’s stock valued at $522,000 after acquiring an additional 2,650 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Ducommun by 42.4% during the 4th quarter. Mackenzie Financial Corp now owns 10,171 shares of the aerospace company’s stock valued at $289,000 after acquiring an additional 3,030 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Ducommun by 165.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,760 shares of the aerospace company’s stock valued at $205,000 after acquiring an additional 4,216 shares during the last quarter. Institutional investors and hedge funds own 82.56% of the company’s stock.

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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