$ 168.96 million in expected sales for Ducommun Incorporated (NYSE: DCO) this quarter
Brokerages predict that Ducommun Incorporated (NYSE: DCO) will bring in sales of $ 168.96 million for the current quarter, Zacks reports. Two analysts have made estimates for Ducommun’s earnings. The highest sales estimate is $ 172.59 million and the lowest is $ 165.33 million. Ducommun reported revenue of $ 157.79 million in the same quarter last year, suggesting a positive year-over-year growth rate of 7.1%. The company is expected to report its next results on Thursday, February 10.
On average, analysts expect Ducommun to report annual revenue of $ 649.53 million for the current fiscal year, with estimates ranging from $ 645.90 million to $ 653.16 million. dollars. For the next fiscal year, analysts predict the company will report revenue of $ 690.26 million, with estimates ranging from $ 675.39 million to $ 705.12 million. Zacks Investment Research sales averages are an average based on a survey of research companies that cover Ducommun.
Ducommun (NYSE: DCO) last reported its quarterly results on Tuesday, November 2. The aerospace company reported earnings per share (EPS) of $ 0.83 for the quarter, beating the consensus estimate of $ 0.76 by $ 0.07. Ducommun achieved a return on equity of 10.80% and a net margin of 5.38%. The company posted revenue of $ 163.23 million for the quarter, compared to a consensus estimate of $ 167.77 million. In the same quarter of last year, the company posted EPS of $ 0.69.
Several stock analysts recently published reports on DCO stocks. Zacks Investment Research downgraded Ducommun from a “keep” rating to a “sell” rating in a research report released on Thursday, November 4th. The Royal Bank of Canada began covering Ducommun in a report on Thursday, October 21. They issued an “outperformance” rating and a target price of $ 62.00 on the stock. One research analyst rated the stock with a sell rating and four gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $ 64.20.
Meanwhile, CFO Christopher D. Wampler sold 1,500 company shares in a trade on Friday, November 12. The stock was sold for an average price of $ 50.97, for a total value of $ 76,455.00. The sale was disclosed in a legal file with the Securities & Exchange Commission, which is available on the SEC website. Company insiders own 10.00% of the shares of the company.
Hedge funds recently changed their holdings of stocks. Price T Rowe Associates Inc. MD increased its stake in Ducommun shares by 5.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,825 shares of the aerospace company valued at $ 209,000 after purchasing 198 additional shares during the period. Voya Investment Management LLC increased its stake in Ducommun by 6.7% during the third quarter. Voya Investment Management LLC now owns 4,690 shares of the aerospace company valued at $ 236,000 after acquiring an additional 295 shares during the period. UBS Group AG increased its position in Ducommun shares by 67.7% in the third quarter. UBS Group AG now owns 805 shares of the aerospace company valued at $ 41,000 after purchasing an additional 325 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Ducommun shares by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 6,524 shares of the aerospace company valued at $ 356,000 after purchasing 346 additional shares during the period. Finally, US Bancorp DE increased its position in Ducommun shares by 29.1% during the second quarter. US Bancorp DE now owns 1,931 shares of the aerospace company valued at $ 106,000 after purchasing an additional 435 shares in the last quarter. 81.88% of the shares are currently held by institutional investors and hedge funds.
DCO shares opened at $ 45.78 on Friday. Ducommun has a 1-year low of $ 41.72 and a 1-year high of $ 65.40. The stock has a market cap of $ 545.83 million, a PE ratio of 16.23 and a beta of 1.44. The company’s fifty-day moving average is $ 47.36 and its 200-day moving average is $ 50.91. The company has a leverage ratio of 0.81, a rapid ratio of 2.06, and a current ratio of 3.14.
Ducommun Company Profile
Ducommun, Inc provides engineering and manufacturing services to the aerospace, defense, industrial and medical sectors. It operates through the Electronic Systems and Structural Systems business segment. The Electronic Systems segment offers electronic and electromechanical products used in global technology-driven markets.
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