Ducommun Incorporated (DCO) Expected to Post Quarterly Sales of $145.15 Million

Wall Street brokerages predict that Ducommun Incorporated (NYSE:DCO) will post $145.15 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Ducommun’s earnings, with estimates ranging from $143.00 million to $147.29 million. Ducommun reported sales of $142.49 million in the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The firm is scheduled to announce its next quarterly earnings results on Monday, March 5th.

On average, analysts expect that Ducommun will report full-year sales of $145.15 million for the current year, with estimates ranging from $558.93 million to $563.22 million. For the next year, analysts anticipate that the firm will report sales of $584.73 million per share, with estimates ranging from $584.46 million to $585.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Ducommun.

A number of research firms have weighed in on DCO. ValuEngine cut shares of Ducommun from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. B. Riley set a $40.00 target price on shares of Ducommun and gave the stock a “buy” rating in a report on Monday, October 30th. Zacks Investment Research lowered shares of Ducommun from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Canaccord Genuity upped their target price on shares of Ducommun from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, TheStreet lowered shares of Ducommun from a “b-” rating to a “c” rating in a report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Ducommun has an average rating of “Hold” and an average price target of $36.80.

Institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LP grew its holdings in shares of Ducommun by 4.2% in the fourth quarter. Royce & Associates LP now owns 150,213 shares of the aerospace company’s stock valued at $4,274,000 after purchasing an additional 6,000 shares during the period. BlackRock Inc. grew its holdings in shares of Ducommun by 0.6% in the fourth quarter. BlackRock Inc. now owns 707,759 shares of the aerospace company’s stock valued at $20,136,000 after purchasing an additional 4,272 shares during the period. Paradigm Capital Management Inc. NY grew its holdings in shares of Ducommun by 10.3% in the fourth 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 during the period. Victory Capital Management Inc. grew its holdings in shares of Ducommun by 78.4% in the fourth quarter. Victory Capital Management Inc. now owns 61,386 shares of the aerospace company’s stock valued at $1,746,000 after purchasing an additional 26,975 shares during the period. Finally, Wedge Capital Management L L P NC grew its holdings in shares of Ducommun by 10.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 33,900 shares of the aerospace company’s stock valued at $964,000 after purchasing an additional 3,100 shares during the period. 81.69% of the stock is owned by institutional investors and hedge funds.

Ducommun (DCO) opened at $27.06 on Tuesday. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 0.99. The firm has a market cap of $306.54, a price-to-earnings ratio of 23.13 and a beta of 0.83. Ducommun has a 12-month low of $25.06 and a 12-month high of $35.58.

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About Ducommun

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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