$167.77 Million in Sales Expected for Ducommun Incorporated (NYSE:DCO) This Quarter

Wall Street brokerages predict that Ducommun Incorporated (NYSE:DCO) will announce $167.77 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Ducommun’s earnings, with the lowest sales estimate coming in at $166.59 million and the highest estimate coming in at $168.94 million. Ducommun posted sales of $150.37 million during the same quarter last year, which suggests a positive year over year growth rate of 11.6%. The business is expected to announce its next earnings results after the market closes on Tuesday, November 2nd.

According to Zacks, analysts expect that Ducommun will report full-year sales of $657.30 million for the current fiscal year, with estimates ranging from $652.63 million to $661.97 million. For the next fiscal year, analysts anticipate that the business will report sales of $699.33 million, with estimates ranging from $683.65 million to $715.01 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Ducommun.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, August 12th. The aerospace company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.09. The business had revenue of $160.19 million for the quarter, compared to the consensus estimate of $159.52 million. Ducommun had a net margin of 5.00% and a return on equity of 10.56%.

Several equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Ducommun from a “buy” rating to a “hold” rating in a report on Tuesday, October 12th. Royal Bank of Canada assumed coverage on shares of Ducommun in a report on Thursday, October 21st. They set an “outperform” rating and a $62.00 price objective on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $64.20.

NYSE DCO opened at $48.93 on Wednesday. The company has a market cap of $583.25 million, a PE ratio of 18.97 and a beta of 1.64. Ducommun has a 52 week low of $31.36 and a 52 week high of $65.40. The company has a quick ratio of 1.99, a current ratio of 3.07 and a debt-to-equity ratio of 0.86. The firm’s 50-day simple moving average is $51.30 and its two-hundred day simple moving average is $54.14.

In related news, VP Rose F. Rogers sold 2,500 shares of Ducommun stock in a transaction on Friday, September 10th. The stock was sold at an average price of $50.72, for a total transaction of $126,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.00% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in DCO. Silvercrest Asset Management Group LLC raised its holdings in shares of Ducommun by 747.5% in the 2nd quarter. Silvercrest Asset Management Group LLC now owns 330,713 shares of the aerospace company’s stock valued at $18,044,000 after acquiring an additional 291,691 shares in the last quarter. State Street Corp raised its holdings in shares of Ducommun by 19.5% during the 2nd quarter. State Street Corp now owns 397,112 shares of the aerospace company’s stock valued at $21,666,000 after buying an additional 64,898 shares in the last quarter. Kennedy Capital Management Inc. bought a new stake in Ducommun in the 2nd quarter worth approximately $2,090,000. Royal Bank of Canada lifted its position in Ducommun by 3.6% in the 1st quarter. Royal Bank of Canada now owns 749,607 shares of the aerospace company’s stock worth $44,976,000 after buying an additional 25,706 shares during the last quarter. Finally, Acuitas Investments LLC purchased a new stake in Ducommun in the second quarter worth approximately $1,359,000. 82.11% of the stock is currently owned by hedge funds and other institutional investors.

About Ducommun

Ducommun, Inc engages in the provision of engineering and manufacturing services to the aerospace, defence, 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 worldwide technology-driven markets.

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Earnings History and Estimates for Ducommun (NYSE:DCO)

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