Ducommun (DCO) to Release Earnings on Thursday

Ducommun (NYSE:DCO) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Ducommun to post earnings of $0.64 per share for the quarter. Individual interested in registering for the company’s earnings 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 for the quarter, beating the consensus estimate of $0.63 by $0.20. The firm had revenue of $197.00 million for the quarter, compared to the consensus estimate of $194.57 million. Ducommun had a return on equity of 6.79% and a net margin of 2.95%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. On average, analysts expect Ducommun to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Ducommun Stock Up 3.2 %

Shares of Ducommun stock opened at $61.71 on Wednesday. The business’s fifty day moving average price is $63.72 and its two-hundred day moving average price is $60.71. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.06 and a quick ratio of 1.97. The company has a market capitalization of $910.22 million, a P/E ratio of 40.07 and a beta of 1.39. Ducommun has a 1-year low of $46.79 and a 1-year high of $67.04.

Insider Buying and Selling

In other Ducommun news, VP Jerry L. Redondo sold 3,300 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $60.69, for a total value of $200,277.00. Following the completion of the transaction, the vice president now directly owns 63,826 shares in the company, valued at $3,873,599.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, VP Jerry L. Redondo sold 770 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $64.20, for a total value of $49,434.00. Following the completion of the sale, the vice president now directly owns 63,826 shares of the company’s stock, valued at $4,097,629.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jerry L. Redondo sold 3,300 shares of the company’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 transaction of $200,277.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,270 shares of company stock valued at $329,295. 8.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DCO. StockNews.com raised Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. Truist Financial cut their price target on shares of Ducommun from $72.00 to $71.00 and set a “buy” rating for the company in a report on Friday, October 18th. Finally, The Goldman Sachs Group upgraded shares of Ducommun from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $64.00 to $80.00 in a report on Tuesday, August 13th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $70.75.

Ducommun Company Profile

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.