Analysts Anticipate Ducommun Incorporated (NYSE:DCO) Will Announce Earnings of $0.27 Per Share

Brokerages expect that Ducommun Incorporated (NYSE:DCO) will report earnings per share (EPS) of $0.27 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Ducommun’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.27. Ducommun reported earnings per share of $0.66 in the same quarter last year, which would suggest a negative year-over-year growth rate of 59.1%. The business is expected to report its next quarterly earnings results on Monday, August 3rd.

According to Zacks, analysts expect that Ducommun will report full year earnings of $1.84 per share for the current fiscal year, with EPS estimates ranging from $1.80 to $1.87. For the next year, analysts anticipate that the business will post earnings of $2.23 per share, with EPS estimates ranging from $2.20 to $2.25. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Ducommun.

Ducommun (NYSE:DCO) last issued its earnings results on Thursday, April 30th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.37. The firm had revenue of $173.48 million during the quarter, compared to analyst estimates of $170.02 million. Ducommun had a net margin of 4.56% and a return on equity of 11.65%.

Several research firms have commented on DCO. Canaccord Genuity upped their price objective on Ducommun from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Zacks Investment Research raised Ducommun from a “sell” rating to a “hold” rating in a research note on Tuesday, May 19th. B. Riley began coverage on Ducommun in a research note on Thursday, June 11th. They issued a “buy” rating and a $54.00 price objective for the company. Royal Bank of Canada initiated coverage on Ducommun in a research note on Wednesday, May 20th. They issued an “outperform” rating and a $41.00 price objective for the company. Finally, Sidoti cut their target price on Ducommun from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $41.29.

A number of institutional investors have recently made changes to their positions in DCO. SG Americas Securities LLC purchased a new position in shares of Ducommun in the 4th quarter valued at about $105,000. Swiss National Bank raised its position in shares of Ducommun by 4.0% during the 4th quarter. Swiss National Bank now owns 21,000 shares of the aerospace company’s stock worth $1,061,000 after acquiring an additional 800 shares in the last quarter. State Street Corp raised its position in shares of Ducommun by 109.1% during the 4th quarter. State Street Corp now owns 451,987 shares of the aerospace company’s stock worth $22,839,000 after acquiring an additional 235,826 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Ducommun by 80.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,083 shares of the aerospace company’s stock worth $2,329,000 after acquiring an additional 20,546 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Ducommun by 66.7% during the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,420 shares of the aerospace company’s stock worth $577,000 after acquiring an additional 4,570 shares in the last quarter. Institutional investors own 83.13% of the company’s stock.

Ducommun stock traded down $0.61 during trading hours on Friday, reaching $32.63. The stock had a trading volume of 111,408 shares, compared to its average volume of 90,492. Ducommun has a 52 week low of $16.27 and a 52 week high of $57.84. The company has a market cap of $387.20 million, a price-to-earnings ratio of 11.74 and a beta of 1.25. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.78 and a quick ratio of 1.94. The business’s 50 day moving average price is $32.30 and its 200-day moving average price is $36.31.

About Ducommun

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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