Analysts expect Ducommun Incorporated (NYSE:DCO) to report quarterly sales of $167.02 million
Stock analysts expect Ducommun Incorporated (NYSE:DCO) to report sales of $167.02 million for the current quarter, Zacks reports. Two analysts have made estimates of Ducommun’s earnings, with estimates ranging from $165.33 million to $168.70 million. Ducommun recorded sales of $157.79 million in the same quarter last year, suggesting a positive year-over-year growth rate of 5.8%. The company is expected to release its next quarterly results on Thursday, February 10.
On average, analysts expect Ducommun to report revenue of $647.59 million for the current fiscal year, with estimates ranging from $645.90 to $649.27 million. For the next fiscal year, analysts expect the company to post sales of $679.08 million, with estimates ranging from $675.39 million to $682.76 million. Zacks Investment Research’s sell calculations are an average based on a survey of sell-side analysts who provide coverage for Ducommun.
Ducommun (NYSE:DCO) last reported 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. The company posted revenue of $163.23 million for the quarter, versus a consensus estimate of $167.77 million. Ducommun had a return on equity of 10.80% and a net margin of 5.38%. In the same quarter last year, the company posted EPS of $0.69.
DCO has been the subject of several recent analyst reports. The Royal Bank of Canada launched coverage on Ducommun in a research note on Thursday, October 21. They set an “outperform” rating and a target price of $62.00 on the stock. Zacks Investment Research downgraded Ducommun from a “hold” rating to a “sell” rating in a research note on Tuesday.
Separately, CFO Christopher D. Wampler sold 1,500 shares of the company in a trade on Friday, November 12. The stock was sold at an average price of $50.97, for a total value of $76,455.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Insiders of the company hold 10.00% of the shares of the company.
Institutional investors and hedge funds have recently increased or reduced their stakes in the stock. FMR LLC acquired a new stake in Ducommun during the second quarter at a value of $33,000. 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 worth $41,000 after buying 325 more shares in the last quarter. US Bancorp DE increased its position in Ducommun shares by 29.1% in the second quarter. US Bancorp DE now owns 1,931 shares of the aerospace company worth $106,000 after buying 435 more shares in the last quarter. Metropolitan Life Insurance Co NY increased its position in Ducommun shares by 89,900.0% in the second quarter. Metropolitan Life Insurance Co NY now owns 3,600 shares of the aerospace company worth $196,000 after buying 3,596 additional shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Ducommun shares by 5.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,825 shares of the aerospace company worth $209,000 after buying 198 more shares in the last quarter. 82.72% of the shares are held by hedge funds and other institutional investors.
NYSE DCO shares opened at $45.79 on Friday. The company has a market capitalization of $545.95 million, a price-earnings ratio of 16.24 and a beta of 1.45. Ducommun has a 12-month low of $41.72 and a 12-month high of $65.40. The company has a current ratio of 3.14, a quick ratio of 2.06 and a debt ratio of 0.81. The stock’s 50-day simple moving average is $46.68 and its 200-day simple moving average is $50.02.
Ducommun, Inc provides engineering and manufacturing services to the aerospace, defense, industrial and medical industries. 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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