Ducommun Incorporated (DCO) Announces Quarterly Earnings Results
Ducommun Incorporated (NYSE:DCO) issued its earnings results on Wednesday. The aerospace company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03, Briefing.com reports. Ducommun had a return on equity of 7.28% and a net margin of 2.40%. The company had revenue of $138.70 million for the quarter, compared to analyst estimates of $143.72 million. During the same period in the prior year, the firm posted $0.44 EPS. The business’s revenue was up 4.6% compared to the same quarter last year.
Shares of Ducommun (NYSE DCO) traded down $3.55 on Friday, reaching $29.11. The company’s stock had a trading volume of 54,519 shares, compared to its average volume of 44,643. The stock has a market cap of $368.05 million, a P/E ratio of 23.72 and a beta of 0.87.
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In other news, Director Anthony J. Reardon sold 4,198 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $31.03, for a total value of $130,263.94. Following the completion of the transaction, the director now directly owns 92,555 shares in the company, valued at approximately $2,871,981.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony J. Reardon sold 7,726 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $27.66, for a total value of $213,701.16. Following the completion of the transaction, the director now owns 123,523 shares of the company’s stock, valued at $3,416,646.18. The disclosure for this sale can be found here. Insiders have sold 42,701 shares of company stock valued at $1,237,582 over the last 90 days. Corporate insiders own 8.20% of the company’s stock.
DCO has been the topic of a number of analyst reports. Sidoti lowered Ducommun from a “buy” rating to a “neutral” rating in a report on Tuesday, October 17th. B. Riley set a $40.00 target price on Ducommun and gave the company a “buy” rating in a report on Monday. Canaccord Genuity raised their target price on Ducommun from $36.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday. Zacks Investment Research lowered Ducommun from a “hold” rating to a “sell” rating in a report on Thursday. Finally, ValuEngine lowered Ducommun from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Ducommun currently has an average rating of “Hold” and a consensus target price of $36.75.
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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