Equities research analysts predict that Ducommun Incorporated (NYSE:DCO) will report earnings of ($0.34) per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Ducommun’s earnings, with the highest EPS estimate coming in at ($0.32) and the lowest estimate coming in at ($0.35). Ducommun reported earnings of $0.45 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 175.6%. The business is expected to announce its next earnings results on Monday, March 5th.
According to Zacks, analysts expect that Ducommun will report full-year earnings of $0.59 per share for the current year, with EPS estimates ranging from $0.57 to $0.61. For the next financial year, analysts expect that the business will report earnings of $0.85 per share, with EPS estimates ranging from $0.75 to $0.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Ducommun.
A number of analysts recently weighed in on DCO shares. Canaccord Genuity increased their price target on shares of Ducommun from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Sidoti upgraded shares of Ducommun from a “neutral” rating to a “buy” rating and set a $37.00 price objective 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. Zacks Investment Research downgraded shares of Ducommun from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Finally, ValuEngine downgraded shares of Ducommun from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $36.80.
In other Ducommun news, Director Anthony J. Reardon sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $26.04, for a total transaction of $781,200.00. Following the completion of the transaction, the director now owns 82,603 shares in the company, valued at approximately $2,150,982.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephen G. Oswald acquired 10,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were purchased at an average price of $26.30 per share, with a total value of $263,000.00. Following the transaction, the chief executive officer now owns 75,700 shares in the company, valued at approximately $1,990,910. The disclosure for this purchase can be found here. 8.20% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in DCO. Dalton Greiner Hartman Maher & Co. purchased a new position in shares of Ducommun in the 4th quarter valued at about $2,580,000. Foundry Partners LLC increased its holdings in shares of Ducommun by 60.1% in the 3rd quarter. Foundry Partners LLC now owns 208,220 shares of the aerospace company’s stock valued at $6,673,000 after purchasing an additional 78,175 shares in the last quarter. Paradigm Capital Management Inc. NY increased its holdings in shares of Ducommun by 10.3% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 698,000 shares of the aerospace company’s stock valued at $19,858,000 after purchasing an additional 64,905 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Ducommun by 137.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 68,855 shares of the aerospace company’s stock valued at $2,174,000 after purchasing an additional 39,866 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of Ducommun in the 3rd quarter valued at about $1,103,000. Institutional investors and hedge funds own 82.09% 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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