$141.15 Million in Sales Expected for Ducommun Incorporated (DCO) This Quarter
Wall Street analysts expect Ducommun Incorporated (NYSE:DCO) to report $141.15 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Ducommun’s earnings. The lowest sales estimate is $140.30 million and the highest is $142.00 million. Ducommun posted sales of $132.57 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.5%. The firm is expected to report its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Ducommun will report full year sales of $141.15 million for the current year, with estimates ranging from $558.59 million to $563.24 million. For the next year, analysts forecast that the firm will report sales of $582.10 million per share, with estimates ranging from $573.19 million to $591.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Ducommun.
Ducommun (NYSE:DCO) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The company had revenue of $140.90 million for the quarter, compared to analyst estimates of $138.39 million. Ducommun had a net margin of 2.50% and a return on equity of 7.49%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.34 earnings per share.
A number of research analysts have recently issued reports on DCO shares. B. Riley upgraded shares of Ducommun from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Friday, May 5th. Canaccord Genuity restated a “buy” rating and issued a $35.00 price target on shares of Ducommun in a research report on Thursday, June 22nd. Noble Financial restated a “hold” rating on shares of Ducommun in a research report on Friday, August 4th. Finally, Zacks Investment Research upgraded shares of Ducommun from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $36.25.
Shares of Ducommun (DCO) opened at 30.04 on Wednesday. The firm has a 50-day moving average of $30.64 and a 200 day moving average of $30.56. Ducommun has a 12-month low of $18.70 and a 12-month high of $35.58. The firm has a market capitalization of $340.02 million, a price-to-earnings ratio of 24.99 and a beta of 0.90.
In other Ducommun news, VP Christopher D. Wampler sold 1,500 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $32.01, for a total transaction of $48,015.00. Following the transaction, the vice president now owns 9,514 shares in the company, valued at $304,543.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Stephen G. Oswald acquired 10,000 shares of the stock in a transaction on Thursday, June 29th. The shares were acquired at an average price of $28.56 per share, for a total transaction of $285,600.00. Following the acquisition, the chief executive officer now owns 55,700 shares of the company’s stock, valued at approximately $1,590,792. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 9,000 shares of company stock worth $289,784. Corporate insiders own 8.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DCO. Paradigm Capital Management Inc. NY raised its stake in Ducommun by 33.9% in the second quarter. Paradigm Capital Management Inc. NY now owns 604,695 shares of the aerospace company’s stock valued at $19,097,000 after buying an additional 153,095 shares during the last quarter. James Investment Research Inc. purchased a new stake in Ducommun during the first quarter valued at about $2,772,000. AQR Capital Management LLC raised its stake in Ducommun by 122.9% in the first quarter. AQR Capital Management LLC now owns 157,807 shares of the aerospace company’s stock valued at $4,543,000 after buying an additional 87,019 shares during the last quarter. Renaissance Technologies LLC raised its stake in Ducommun by 12.1% in the second quarter. Renaissance Technologies LLC now owns 597,500 shares of the aerospace company’s stock valued at $18,869,000 after buying an additional 64,400 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in Ducommun by 4.2% in the second quarter. Royal Bank of Canada now owns 1,460,820 shares of the aerospace company’s stock valued at $46,133,000 after buying an additional 58,559 shares during the last quarter. Hedge funds and other institutional investors own 79.87% 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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