Ducommun (DCO) to Release Quarterly Earnings on Thursday

Ducommun (NYSE:DCO) is scheduled to post its quarterly earnings results before the market opens on Thursday, August 8th. Analysts expect Ducommun to post earnings of $0.63 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Wednesday, May 8th. The aerospace company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.18. Ducommun had a net margin of 2.29% and a return on equity of 6.06%. The firm had revenue of $190.90 million for the quarter, compared to analyst estimates of $189.20 million. During the same period last year, the company posted $0.63 EPS. Ducommun’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts expect Ducommun to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Ducommun Trading Up 1.4 %

DCO opened at $59.00 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.99 and a quick ratio of 1.88. The company’s 50 day simple moving average is $59.29 and its two-hundred day simple moving average is $54.63. Ducommun has a 1-year low of $42.31 and a 1-year high of $65.89. The firm has a market capitalization of $868.24 million, a price-to-earnings ratio of 49.58 and a beta of 1.38.

Insider Transactions at Ducommun

In other news, CEO Stephen G. Oswald sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $58.23, for a total transaction of $116,460.00. Following the completion of the sale, the chief executive officer now owns 347,539 shares in the company, valued at approximately $20,237,195.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DCO shares. The Goldman Sachs Group raised their target price on shares of Ducommun from $57.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. StockNews.com raised shares of Ducommun from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Ducommun currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.25.

About Ducommun

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.