Zacks: Analysts expect Ducommun Incorporated (NYSE:DCO) to post quarterly sales of $160.85 million
Analysts expect Ducommun Incorporated (NYSE: DCO – Get Rating) to post sales of $160.85 million for the current fiscal quarter, reports Zacks Investment Research. Two analysts have released earnings estimates for Ducommun. The lowest sales estimate is $160.40 million and the highest is $161.29 million. Ducommun recorded sales of $157.15 million in the same quarter last year, suggesting a positive year-over-year growth rate of 2.4%. The company is expected to release its next results after the market closes on Monday, January 1.
According to Zacks, analysts expect Ducommun to report annual sales of $697.35 million for the current year, with estimates ranging from $690.60 million to $704.09 million. For next year, analysts expect the company to record sales of $744.34 million, with estimates ranging from $738.70 million to $749.97 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts who cover Ducommun.
Ducommun (NYSE:DCO – Get Rating) last released its quarterly earnings data on Wednesday, February 23. The aerospace company reported earnings per share (EPS) of $0.79 for the quarter, meeting the Zacks consensus estimate of $0.79. Ducommun had a return on equity of 9.49% and a net margin of 21.00%. The company posted revenue of $164.84 million in the quarter, versus a consensus estimate of $167.02 million.
Several equity research analysts have recently commented on the company. TheStreet upgraded Ducommun from a “c+” rating to a “b” rating in a Tuesday, March 8 research note. StockNews.com upgraded Ducommun from a “buy” rating to a “strong buy” rating in a Thursday, March 24 research rating. Finally, Zacks Investment Research upgraded Ducommun from a “hold” to a “sell” rating in a research note on Tuesday. One analyst rated the security with a sell rating, two assigned a buy rating and one gave the stock a strong buy rating. According to MarketBeat.com, the stock currently has a consensus buy rating and an average price target of $59.50.
NYSE DCO opened at $52.85 on Wednesday. The company has a 50-day simple moving average of $51.95 and a 200-day simple moving average of $48.39. Ducommun has a one-year low of $40.82 and a one-year high of $60.90. The stock has a market capitalization of $632.72 million, a P/E ratio of 4.77 and a beta of 1.36. The company has a debt ratio of 0.59, a current ratio of 3.03 and a quick ratio of 2.10.
In related news, Vice President Jerry L. Redondo sold 6,052 Ducommun shares in a trade that took place on Thursday, March 3. The stock was sold at an average price of $50.33, for a total transaction of $304,597.16. The sale was disclosed in a legal filing with the SEC, accessible via this hyperlink. Additionally, director Robert C. Ducommun sold 1,500 Ducommun shares in a trade on Thursday, March 24. The stock was sold at an average price of $53.25, for a total value of $79,875.00. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 9,802 shares of the company worth $503,025. 10.80% of the shares are held by insiders.
A number of institutional investors have recently changed their DCO holdings. Wellington Management Group LLP increased its stake in Ducommun by 32.7% during the third quarter. Wellington Management Group LLP now owns 472,129 shares of the aerospace company worth $23,772,000 after acquiring an additional 116,345 shares during the period. Cove Street Capital LLC increased its stake in Ducommun by 15,364.3% during the third quarter. Cove Street Capital LLC now owns 108,250 shares of the aerospace company worth $5,451,000 after acquiring an additional 107,550 shares during the period. Meros Investment Management LP acquired a new stake in Ducommun during the fourth quarter at a value of $4,623,000. RDST Capital LLC purchased a new stake in Ducommun during the fourth quarter at a value of $3,718,000. Finally, Kennedy Capital Management Inc. increased its stake in Ducommun shares by 60.2% in the fourth quarter. Kennedy Capital Management Inc. now owns 129,567 shares of the aerospace company valued at $6,060,000 after purchasing an additional 48,679 shares during the period. Institutional investors and hedge funds own 83.32% of the company’s shares.
About Ducommun (Get an evaluation)
Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace and defense, industrial, medical and other industries in the United States. It operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; next-level electronic, electromechanical and mechanical components and assemblies, as well as lightning deflection systems; and radar enclosures, aircraft avionics racks, on-board communication and control enclosures, on-board communication and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning deflection strips, surge suppressors, conformal screens and other assemblies.
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