Ducommun (DCO) Getting Somewhat Positive Press Coverage, Analysis Shows
Media coverage about Ducommun (NYSE:DCO) has trended somewhat positive recently, according to Accern. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ducommun earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned press coverage about the aerospace company an impact score of 46.3683682791783 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- LMI Aerospace (LMIA) versus Ducommun (NYSE:DCO) Head to Head Analysis (americanbankingnews.com)
- Ducommun Lands New Work for 737-800 Boeing Converted Freighter Program (globenewswire.com)
- Critical Comparison: Ducommun (DCO) versus Curtiss-Wright Corporation (CW) (americanbankingnews.com)
- Analyzing Curtiss-Wright Corporation (CW) & Ducommun (NYSE:DCO) (americanbankingnews.com)
Shares of Ducommun (DCO) traded down 1.43% during midday trading on Friday, reaching $28.24. 39,774 shares of the company traded hands. The stock has a market capitalization of $319.65 million, a P/E ratio of 23.49 and a beta of 0.90. Ducommun has a 1-year low of $18.70 and a 1-year high of $35.58. The stock’s 50-day moving average is $30.77 and its 200-day moving average is $30.56.
Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The firm had revenue of $140.90 million during the quarter, compared to analysts’ expectations of $138.39 million. Ducommun had a return on equity of 7.49% and a net margin of 2.50%. Ducommun’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 earnings per share. Equities analysts predict that Ducommun will post $1.31 EPS for the current fiscal year.
DCO has been the subject of several recent analyst reports. B. Riley raised shares of Ducommun from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a report on Friday, May 5th. Canaccord Genuity reissued a “buy” rating and issued a $35.00 price target on shares of Ducommun in a report on Thursday, June 22nd. Noble Financial reissued a “hold” rating on shares of Ducommun in a report on Friday, August 4th. Finally, Zacks Investment Research raised shares of Ducommun from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Ducommun currently has a consensus rating of “Hold” and an average target price of $36.25.
In other Ducommun news, VP Christopher D. Wampler sold 1,500 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $32.01, for a total value of $48,015.00. Following the completion of the transaction, the vice president now owns 9,514 shares in the company, valued at $304,543.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert C. Ducommun sold 900 shares of the stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $33.01, for a total value of $29,709.00. Following the completion of the transaction, the director now owns 421,600 shares of the company’s stock, valued at approximately $13,917,016. The disclosure for this sale can be found here. Insiders sold 9,000 shares of company stock valued at $289,784 in the last quarter. 8.20% of the stock is currently owned by company insiders.
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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