Ducommun (DCO) to Release Earnings on Thursday

Ducommun (NYSE:DCO) is scheduled to release its earnings data before the market opens on Thursday, November 7th. Analysts expect Ducommun to post earnings of $0.64 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Ducommun (NYSE:DCO) last announced its earnings results on Thursday, August 8th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. Ducommun had a return on equity of 6.79% and a net margin of 2.95%. The firm had revenue of $197.00 million during the quarter, compared to analysts’ expectations of $194.57 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. 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 3.2 %

Shares of DCO stock opened at $61.71 on Wednesday. The business’s 50 day moving average is $63.72 and its two-hundred day moving average is $60.71. The company has a quick ratio of 1.97, a current ratio of 3.06 and a debt-to-equity ratio of 0.38. Ducommun has a 12 month low of $46.79 and a 12 month high of $67.04. The company has a market cap of $910.22 million, a PE ratio of 40.07 and a beta of 1.39.

Analysts Set New Price Targets

Several brokerages recently commented on DCO. Truist Financial dropped their target price on shares of Ducommun from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Friday, October 18th. The Goldman Sachs Group upgraded Ducommun from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $64.00 to $80.00 in a research note on Tuesday, August 13th. Finally, StockNews.com upgraded Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Ducommun currently has an average rating of “Buy” and an average target price of $70.75.

Insider Activity at Ducommun

In other news, CEO Stephen G. Oswald sold 1,200 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $66.32, for a total transaction of $79,584.00. Following the transaction, the chief executive officer now owns 341,151 shares in the company, valued at approximately $22,625,134.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Ducommun news, CEO Stephen G. Oswald sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $66.32, for a total value of $79,584.00. Following the completion of the sale, the chief executive officer now owns 341,151 shares in the company, valued at approximately $22,625,134.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jerry L. Redondo sold 3,300 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $60.69, for a total value of $200,277.00. Following the sale, the vice president now owns 63,826 shares in the company, valued at approximately $3,873,599.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,270 shares of company stock worth $329,295 in the last ninety days. 8.80% of the stock is currently owned by insiders.

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.