Equities analysts forecast that Ducommun Incorporated (NYSE:DCO) will announce $0.62 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ducommun’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.62. Ducommun posted earnings of $0.67 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 7.5%. The business is scheduled to report its next quarterly earnings results on Tuesday, May 4th.
On average, analysts expect that Ducommun will report full year earnings of $2.84 per share for the current fiscal year, with EPS estimates ranging from $2.77 to $2.91. For the next fiscal year, analysts forecast that the business will report earnings of $3.51 per share, with EPS estimates ranging from $3.41 to $3.60. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Ducommun.
Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, February 11th. The aerospace company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.05. Ducommun had a net margin of 4.31% and a return on equity of 10.24%. The firm had revenue of $157.79 million for the quarter, compared to analysts’ expectations of $158.09 million.
A number of brokerages have issued reports on DCO. Canaccord Genuity raised their price objective on shares of Ducommun from $58.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, February 12th. Truist raised shares of Ducommun from a “hold” rating to a “buy” rating and lifted their price target for the stock from $34.00 to $66.00 in a research report on Monday, January 11th. Zacks Investment Research raised shares of Ducommun from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Friday, April 16th. Finally, B. Riley lifted their price target on shares of Ducommun from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, February 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $56.83.
A number of institutional investors and hedge funds have recently bought and sold shares of DCO. JPMorgan Chase & Co. lifted its position in Ducommun by 508.2% in the 4th quarter. JPMorgan Chase & Co. now owns 72,658 shares of the aerospace company’s stock valued at $3,902,000 after acquiring an additional 60,712 shares in the last quarter. William Blair Investment Management LLC increased its stake in Ducommun by 6.7% in the 4th quarter. William Blair Investment Management LLC now owns 868,455 shares of the aerospace company’s stock valued at $46,636,000 after buying an additional 54,897 shares during the last quarter. Morgan Stanley increased its stake in Ducommun by 206.4% in the 4th quarter. Morgan Stanley now owns 67,867 shares of the aerospace company’s stock valued at $3,643,000 after buying an additional 45,719 shares during the last quarter. BlackRock Inc. increased its stake in Ducommun by 5.6% in the 4th quarter. BlackRock Inc. now owns 790,366 shares of the aerospace company’s stock valued at $42,442,000 after buying an additional 42,042 shares during the last quarter. Finally, Monarch Partners Asset Management LLC acquired a new stake in Ducommun in the 4th quarter valued at $1,589,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of DCO stock opened at $58.08 on Wednesday. Ducommun has a 52-week low of $23.59 and a 52-week high of $65.40. The stock has a market cap of $687.26 million, a PE ratio of 24.30 and a beta of 1.58. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.16 and a current ratio of 3.08. The firm’s 50 day moving average price is $59.76 and its two-hundred day moving average price is $52.56.
Ducommun Company Profile
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; higher-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, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.
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