Ducommun Incorporated (DCO) Expected to Post Quarterly Sales of $158.69 Million

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Equities analysts expect Ducommun Incorporated (NYSE:DCO) to report sales of $158.69 million for the current quarter, Zacks reports. Two analysts have issued estimates for Ducommun’s earnings, with the highest sales estimate coming in at $160.00 million and the lowest estimate coming in at $157.38 million. Ducommun reported sales of $142.26 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.5%. The company is scheduled to announce its next earnings results on Wednesday, February 27th.

On average, analysts expect that Ducommun will report full-year sales of $623.81 million for the current financial year, with estimates ranging from $622.50 million to $625.12 million. For the next year, analysts expect that the company will report sales of $630.74 million, with estimates ranging from $626.47 million to $635.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Ducommun.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Monday, November 5th. The aerospace company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.14). Ducommun had a net margin of 2.94% and a return on equity of 7.29%. The firm had revenue of $159.80 million during the quarter, compared to the consensus estimate of $153.04 million. During the same period in the previous year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis.

A number of research firms have recently issued reports on DCO. Noble Financial reaffirmed a “buy” rating and set a $42.00 price objective on shares of Ducommun in a report on Wednesday, September 26th. Zacks Investment Research downgraded shares of Ducommun from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, B. Riley lifted their price objective on shares of Ducommun from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $40.20.

Shares of NYSE DCO traded up $1.70 during mid-day trading on Monday, reaching $42.18. 47,362 shares of the company were exchanged, compared to its average volume of 35,680. Ducommun has a 52 week low of $25.06 and a 52 week high of $45.62. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.54 and a current ratio of 2.34. The company has a market capitalization of $504.68 million, a P/E ratio of 31.71 and a beta of 1.11.

In other news, Director Robert C. Ducommun sold 5,000 shares of Ducommun stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $40.76, for a total transaction of $203,800.00. Following the completion of the sale, the director now directly owns 413,745 shares of the company’s stock, valued at approximately $16,864,246.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royce & Associates LP lifted its holdings in shares of Ducommun by 7.6% during the 2nd quarter. Royce & Associates LP now owns 311,090 shares of the aerospace company’s stock worth $10,294,000 after acquiring an additional 22,004 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Ducommun by 165.7% in 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 last quarter. Millennium Management LLC bought a new stake in Ducommun in the second quarter worth $790,000. Taylor Wealth Management Partners bought a new stake in Ducommun in the third quarter worth $2,647,000. Finally, HPM Partners LLC lifted its stake in Ducommun by 4.3% in the second quarter. HPM Partners LLC now owns 168,794 shares of the aerospace company’s stock worth $5,585,000 after purchasing an additional 7,021 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

About Ducommun

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.

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