Equities analysts expect Ducommun Incorporated (NYSE:DCO) to report $145.02 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Ducommun’s earnings, with the lowest sales estimate coming in at $140.99 million and the highest estimate coming in at $149.05 million. Ducommun reported sales of $180.50 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 19.7%. The firm is scheduled to announce its next quarterly earnings results on Monday, August 3rd.
On average, analysts expect that Ducommun will report full year sales of $651.12 million for the current financial year, with estimates ranging from $650.96 million to $651.28 million. For the next year, analysts expect that the business will report sales of $672.55 million, with estimates ranging from $667.89 million to $677.21 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Ducommun.
Ducommun (NYSE:DCO) last issued its earnings results on Thursday, April 30th. The aerospace company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.37. The business had revenue of $173.48 million for the quarter, compared to analysts’ expectations of $170.02 million. Ducommun had a return on equity of 11.65% and a net margin of 4.56%.
Several institutional investors and hedge funds have recently made changes to their positions in DCO. William Blair Investment Management LLC acquired a new stake in shares of Ducommun during the fourth quarter worth about $14,134,000. State Street Corp boosted its stake in shares of Ducommun by 109.1% during the fourth quarter. State Street Corp now owns 451,987 shares of the aerospace company’s stock worth $22,839,000 after buying an additional 235,826 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Ducommun by 32.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 453,512 shares of the aerospace company’s stock worth $22,915,000 after buying an additional 110,073 shares during the period. Wellington Management Group LLP boosted its stake in shares of Ducommun by 60.7% during the first quarter. Wellington Management Group LLP now owns 242,843 shares of the aerospace company’s stock worth $6,035,000 after buying an additional 91,770 shares during the period. Finally, Cooper Creek Partners Management LLC acquired a new stake in shares of Ducommun during the fourth quarter worth about $3,390,000. Institutional investors and hedge funds own 83.13% of the company’s stock.
Shares of Ducommun stock traded up $2.76 on Monday, hitting $35.39. 71,994 shares of the company were exchanged, compared to its average volume of 128,431. Ducommun has a 1-year low of $16.27 and a 1-year high of $57.84. The stock has a market capitalization of $380.10 million, a price-to-earnings ratio of 12.62 and a beta of 1.25. The company has a 50-day moving average price of $32.30 and a 200 day moving average price of $36.31. The company has a quick ratio of 1.94, a current ratio of 2.78 and a debt-to-equity ratio of 1.19.
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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