Analysts predict that Ducommun Incorporated (NYSE:DCO) will report sales of $145.02 million for the current quarter, according to Zacks. Two analysts have made estimates for Ducommun’s earnings, with the highest sales estimate coming in at $149.05 million and the lowest estimate coming in at $140.99 million. Ducommun reported sales of $180.50 million in the same quarter last year, which indicates a negative year-over-year growth rate of 19.7%. The company is scheduled to issue its next earnings report on Monday, August 3rd.
On average, analysts expect that Ducommun will report full year sales of $651.12 million for the current fiscal year, with estimates ranging from $650.96 million to $651.28 million. For the next financial year, analysts anticipate that the company will post 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 sell-side analysts that cover Ducommun.
Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, April 30th. The aerospace company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.37. The business had revenue of $173.48 million during the quarter, compared to analyst estimates of $170.02 million. Ducommun had a return on equity of 11.65% and a net margin of 4.56%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in Ducommun in the 4th quarter worth approximately $105,000. Swiss National Bank increased its stake in shares of Ducommun by 4.0% during the fourth quarter. Swiss National Bank now owns 21,000 shares of the aerospace company’s stock valued at $1,061,000 after buying an additional 800 shares during the period. State Street Corp increased 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 valued at $22,839,000 after buying an additional 235,826 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Ducommun by 80.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 46,083 shares of the aerospace company’s stock valued at $2,329,000 after buying an additional 20,546 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Ducommun by 66.7% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,420 shares of the aerospace company’s stock valued at $577,000 after buying an additional 4,570 shares during the period. 83.13% of the stock is currently owned by institutional investors.
NYSE DCO traded up $2.76 during trading hours on Monday, hitting $35.39. The company had a trading volume of 71,994 shares, compared to its average volume of 128,431. Ducommun has a 52 week low of $16.27 and a 52 week high of $57.84. The firm has a 50 day simple moving average of $32.30 and a 200 day simple moving average of $36.31. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.94 and a current ratio of 2.78. The firm has a market capitalization of $380.10 million, a price-to-earnings ratio of 12.62 and a beta of 1.25.
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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