Ducommun (DCO) Given Daily Coverage Optimism Score of 0.21
Media stories about Ducommun (NYSE:DCO) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ducommun earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned headlines about the aerospace company an impact score of 46.3581711764197 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
DCO has been the subject of a number of analyst reports. B. Riley raised shares of Ducommun from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, May 5th. Canaccord Genuity reissued a “buy” rating and set a $35.00 target price on shares of Ducommun in a research note on Thursday, June 22nd. Noble Financial reissued a “hold” rating on shares of Ducommun in a research note on Friday, August 4th. Finally, Zacks Investment Research raised shares of Ducommun from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $36.25.
Shares of Ducommun (NYSE:DCO) traded down 1.21% during trading on Friday, reaching $28.67. 46,287 shares of the company were exchanged. The stock has a 50-day moving average price of $30.58 and a 200-day moving average price of $30.54. Ducommun has a one year low of $18.70 and a one year high of $35.58. The stock has a market capitalization of $324.52 million, a PE ratio of 23.85 and a beta of 0.90.
Ducommun (NYSE:DCO) last issued its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. Ducommun had a net margin of 2.50% and a return on equity of 7.49%. The business had revenue of $140.90 million during the quarter, compared to analyst estimates of $138.39 million. During the same period in the prior year, the business earned $0.34 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts forecast that Ducommun will post $1.31 EPS for the current year.
In related news, CEO Stephen G. Oswald acquired 10,000 shares of the firm’s stock in a transaction on Thursday, June 29th. The stock was acquired at an average cost of $28.56 per share, for a total transaction of $285,600.00. Following the acquisition, the chief executive officer now owns 55,700 shares of the company’s stock, valued at $1,590,792. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Christopher D. Wampler sold 1,500 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $32.01, for a total transaction of $48,015.00. Following the completion of the transaction, the vice president now owns 9,514 shares of the company’s stock, valued at $304,543.14. The disclosure for this sale can be found here. Insiders sold a total of 9,000 shares of company stock valued at $289,784 over the last 90 days. Company insiders own 8.20% of the company’s stock.
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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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