Brokerages predict that Ducommun Incorporated (NYSE:DCO) will announce earnings per share of $0.56 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ducommun’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.65. Ducommun posted earnings of $0.14 per share in the same quarter last year, which indicates a positive year over year growth rate of 300%. The firm is expected to issue its next earnings report on Monday, August 5th.
On average, analysts expect that Ducommun will report full-year earnings of $2.46 per share for the current year, with EPS estimates ranging from $2.15 to $2.68. For the next year, analysts forecast that the company will post earnings of $2.52 per share, with EPS estimates ranging from $2.02 to $3.01. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Ducommun.
Ducommun (NYSE:DCO) last announced its earnings results on Monday, May 6th. The aerospace company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.15. The company had revenue of $172.57 million during the quarter, compared to analysts’ expectations of $158.83 million. Ducommun had a net margin of 2.13% and a return on equity of 9.02%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 earnings per share.
In other news, Director Robert C. Ducommun sold 685 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $45.60, for a total value of $31,236.00. Following the completion of the transaction, the director now owns 405,315 shares of the company’s stock, valued at $18,482,364. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 8.50% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC purchased a new stake in Ducommun in the first quarter valued at approximately $25,000. Macquarie Group Ltd. purchased a new stake in Ducommun in the fourth quarter valued at approximately $25,000. PNC Financial Services Group Inc. grew its holdings in Ducommun by 4,516.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,108 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 1,084 shares during the period. Advisor Group Inc. grew its holdings in Ducommun by 328.5% in the first quarter. Advisor Group Inc. now owns 2,117 shares of the aerospace company’s stock valued at $92,000 after purchasing an additional 1,623 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in Ducommun by 408.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,225 shares of the aerospace company’s stock valued at $97,000 after purchasing an additional 1,787 shares during the period. Hedge funds and other institutional investors own 79.39% of the company’s stock.
DCO traded down $0.63 during midday trading on Monday, reaching $48.58. 74,014 shares of the company’s stock were exchanged, compared to its average volume of 52,533. The company has a current ratio of 2.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.93. The stock has a market cap of $559.72 million, a P/E ratio of 24.41 and a beta of 1.03. Ducommun has a 1-year low of $31.05 and a 1-year high of $51.70.
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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