$147.60 Million in Sales Expected for Ducommun Incorporated (NYSE:DCO) This Quarter

Equities analysts predict that Ducommun Incorporated (NYSE:DCO) will announce sales of $147.60 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Ducommun’s earnings, with estimates ranging from $147.37 million to $147.84 million. Ducommun posted sales of $181.10 million in the same quarter last year, which would indicate a negative year over year growth rate of 18.5%. The company is expected to issue its next earnings report on Wednesday, November 4th.

On average, analysts expect that Ducommun will report full-year sales of $624.01 million for the current financial year, with estimates ranging from $623.12 million to $624.90 million. For the next financial year, analysts expect that the business will report sales of $627.94 million, with estimates ranging from $625.02 million to $630.86 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Ducommun.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Thursday, July 30th. The aerospace company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.16. Ducommun had a return on equity of 10.55% and a net margin of 4.38%. The company had revenue of $147.31 million for the quarter, compared to analysts’ expectations of $145.02 million.

Several brokerages have issued reports on DCO. TheStreet cut Ducommun from a “b-” rating to a “c+” rating in a research note on Friday, July 10th. SunTrust Banks lowered their target price on Ducommun from $30.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, July 15th. Canaccord Genuity upped their target price on Ducommun from $42.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, June 11th. B. Riley started coverage on Ducommun in a report on Thursday, June 11th. They set a “buy” rating and a $54.00 target price for the company. Finally, Zacks Investment Research raised Ducommun from a “sell” rating to a “strong-buy” rating and set a $42.00 target price for the company in a report on Tuesday, August 4th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $41.83.

NYSE DCO traded up $0.84 on Monday, hitting $33.98. 61,265 shares of the stock traded hands, compared to its average volume of 108,458. The stock has a 50-day moving average of $37.44 and a 200 day moving average of $31.98. Ducommun has a twelve month low of $16.27 and a twelve month high of $57.84. The company has a market capitalization of $396.99 million, a P/E ratio of 13.33 and a beta of 1.29. The company has a current ratio of 2.97, a quick ratio of 2.02 and a debt-to-equity ratio of 1.10.

In related news, VP Rose F. Rogers sold 2,300 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $41.97, for a total value of $96,531.00. Following the completion of the transaction, the vice president now directly owns 31,327 shares of the company’s stock, valued at approximately $1,314,794.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of DCO. Victory Capital Management Inc. grew its holdings in Ducommun by 1,093.7% in the 2nd quarter. Victory Capital Management Inc. now owns 237,604 shares of the aerospace company’s stock worth $8,285,000 after buying an additional 217,699 shares in the last quarter. William Blair Investment Management LLC lifted its position in Ducommun by 38.4% in the second quarter. William Blair Investment Management LLC now owns 743,727 shares of the aerospace company’s stock worth $25,934,000 after purchasing an additional 206,171 shares during the period. Wellington Management Group LLP lifted its position in Ducommun by 60.7% in the first quarter. Wellington Management Group LLP now owns 242,843 shares of the aerospace company’s stock worth $6,035,000 after purchasing an additional 91,770 shares during the period. Goldman Sachs Group Inc. lifted its position in Ducommun by 19.6% in the second quarter. Goldman Sachs Group Inc. now owns 511,247 shares of the aerospace company’s stock worth $17,827,000 after purchasing an additional 83,711 shares during the period. Finally, Gamco Investors INC. ET AL lifted its position in Ducommun by 18.6% in the first quarter. Gamco Investors INC. ET AL now owns 366,740 shares of the aerospace company’s stock worth $9,113,000 after purchasing an additional 57,600 shares during the period. 85.02% of the stock is owned by institutional investors and hedge funds.

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.

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Earnings History and Estimates for Ducommun (NYSE:DCO)

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