Brokerages predict that Ducommun Incorporated (NYSE:DCO) will report earnings of $0.25 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Ducommun’s earnings, with estimates ranging from $0.23 to $0.26. Ducommun reported earnings per share of $0.41 during the same quarter last year, which indicates a negative year over year growth rate of 39%. The business is expected to report its next quarterly earnings results on Wednesday, November 7th.

On average, analysts expect that Ducommun will report full year earnings of $0.96 per share for the current fiscal year, with EPS estimates ranging from $0.92 to $0.99. For the next fiscal year, analysts anticipate that the company will post earnings of $2.14 per share, with EPS estimates ranging from $2.02 to $2.25. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Ducommun.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Monday, August 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.17). The business had revenue of $154.83 million during the quarter, compared to analyst estimates of $148.53 million. Ducommun had a net margin of 3.13% and a return on equity of 6.87%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 earnings per share.

Several equities research analysts have recently issued reports on DCO shares. Noble Financial reaffirmed a “buy” rating and issued a $42.00 price target on shares of Ducommun in a research report on Wednesday, September 26th. Zacks Investment Research raised Ducommun from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Wednesday, August 8th. B. Riley lifted their target price on Ducommun from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Finally, ValuEngine raised Ducommun from a “hold” rating to a “buy” rating in a research report on Thursday, June 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $40.20.

Shares of NYSE:DCO opened at $37.68 on Wednesday. The stock has a market capitalization of $465.64 million, a PE ratio of 28.33 and a beta of 0.93. Ducommun has a 52-week low of $25.06 and a 52-week high of $41.40. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.54 and a current ratio of 2.38.

In related news, Director Robert C. Ducommun sold 5,000 shares of Ducommun stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $40.76, for a total transaction of $203,800.00. Following the sale, the director now directly owns 413,745 shares of the company’s stock, valued at $16,864,246.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 8.50% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in DCO. Schwab Charles Investment Management Inc. lifted its stake in Ducommun by 23.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 27,228 shares of the aerospace company’s stock worth $828,000 after purchasing an additional 5,228 shares during the period. JPMorgan Chase & Co. lifted its stake in Ducommun by 165.7% during the first quarter. JPMorgan Chase & Co. now owns 6,760 shares of the aerospace company’s stock worth $205,000 after purchasing an additional 4,216 shares during the period. California Public Employees Retirement System lifted its stake in Ducommun by 12.3% during the first quarter. California Public Employees Retirement System now owns 40,860 shares of the aerospace company’s stock worth $1,241,000 after purchasing an additional 4,460 shares during the period. Cubist Systematic Strategies LLC bought a new position in Ducommun during the first quarter worth about $210,000. Finally, Foundry Partners LLC lifted its stake in Ducommun by 19.5% during the first quarter. Foundry Partners LLC now owns 239,980 shares of the aerospace company’s stock worth $7,291,000 after purchasing an additional 39,135 shares during the period. Hedge funds and other institutional investors own 80.26% of the company’s stock.

Ducommun Company Profile

Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace, defense, industrial, natural resources, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment offers cable assemblies and interconnect systems; printed circuit board assemblies; high-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.

See Also: Why Dividend Stocks May Be Right for You

Get a free copy of the Zacks research report on Ducommun (DCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ducommun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ducommun and related companies with MarketBeat.com's FREE daily email newsletter.