Analysts Expect Ducommun Incorporated (DCO) to Announce $0.28 EPS

Brokerages predict that Ducommun Incorporated (NYSE:DCO) will post earnings per share (EPS) of $0.28 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Ducommun’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.31. Ducommun reported earnings per share of $0.34 during the same quarter last year, which would suggest a negative year over year growth rate of 17.6%. The company is expected to report its next quarterly earnings report on Thursday, August 3rd.

According to Zacks, analysts expect that Ducommun will report full-year earnings of $1.30 per share for the current financial year, with EPS estimates ranging from $1.19 to $1.47. For the next year, analysts anticipate that the firm will report earnings of $1.84 per share, with EPS estimates ranging from $1.58 to $2.10. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Ducommun.

Ducommun (NYSE:DCO) last released its earnings results on Monday, March 6th. The aerospace company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $142.49 million for the quarter, compared to the consensus estimate of $140.12 million. Ducommun had a negative net margin of 7.29% and a positive return on equity of 7.00%. The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period last year, the firm posted ($5.74) earnings per share.

Several analysts have commented on DCO shares. Zacks Investment Research downgraded shares of Ducommun from a “hold” rating to a “sell” rating in a report on Wednesday, March 8th. Canaccord Genuity restated a “buy” rating and set a $35.00 target price on shares of Ducommun in a report on Tuesday, April 11th. FBR & Co raised their target price on shares of Ducommun from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday, March 7th. B. Riley restated a “neutral” rating and set a $29.50 target price on shares of Ducommun in a report on Monday, March 6th. Finally, Noble Financial restated a “hold” rating on shares of Ducommun in a report on Saturday, May 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.25.

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Ducommun (NYSE:DCO) traded up 0.81% on Thursday, hitting $32.55. 56,340 shares of the stock traded hands. The company’s 50 day moving average price is $29.74 and its 200-day moving average price is $28.06. The stock has a market capitalization of $366.81 million, a P/E ratio of 26.83 and a beta of 1.09. Ducommun has a 12-month low of $15.63 and a 12-month high of $35.58.

In other Ducommun news, CEO Stephen G. Oswald purchased 10,700 shares of the firm’s stock in a transaction dated Wednesday, March 22nd. The stock was bought at an average cost of $27.13 per share, with a total value of $290,291.00. Following the purchase, the chief executive officer now directly owns 24,700 shares of the company’s stock, valued at $670,111. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, VP James S. Heiser sold 1,858 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $29.10, for a total transaction of $54,067.80. Following the transaction, the vice president now directly owns 12,892 shares of the company’s stock, valued at $375,157.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 28,400 shares of company stock worth $792,274 and have sold 8,431 shares worth $241,656. Company insiders own 9.10% of the company’s stock.

Several institutional investors have recently modified their holdings of DCO. American International Group Inc. boosted its position in shares of Ducommun by 7.1% in the first quarter. American International Group Inc. now owns 6,398 shares of the aerospace company’s stock valued at $184,000 after buying an additional 422 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Ducommun by 15.5% in the first quarter. Envestnet Asset Management Inc. now owns 3,627 shares of the aerospace company’s stock valued at $104,000 after buying an additional 488 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Ducommun by 3.1% in the fourth quarter. GSA Capital Partners LLP now owns 37,199 shares of the aerospace company’s stock valued at $951,000 after buying an additional 1,103 shares in the last quarter. Royce & Associates LP boosted its position in shares of Ducommun by 1.5% in the fourth quarter. Royce & Associates LP now owns 134,213 shares of the aerospace company’s stock valued at $3,430,000 after buying an additional 2,000 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Ducommun by 2.6% in the first quarter. Wellington Management Group LLP now owns 79,861 shares of the aerospace company’s stock valued at $2,299,000 after buying an additional 2,000 shares in the last quarter. 79.96% of the stock is owned by institutional investors.

Ducommun Company Profile

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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