Ducommun (DCO) to Release Quarterly Earnings on Thursday

Ducommun (NYSE:DCO) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of $0.63 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 issued its quarterly earnings data 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. The firm had revenue of $190.90 million during the quarter, compared to analyst estimates of $189.20 million. Ducommun had a return on equity of 6.06% and a net margin of 2.29%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 earnings per share. 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 firm has a market cap of $868.24 million, a P/E ratio of 49.58 and a beta of 1.38. Ducommun has a 12 month low of $42.31 and a 12 month high of $65.89. The company has a current ratio of 2.99, a quick ratio of 1.88 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average of $59.29 and a 200 day moving average of $54.63.

Insider Buying and Selling at Ducommun

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

Analyst Upgrades and Downgrades

Several research firms recently commented on DCO. StockNews.com upgraded Ducommun from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. The Goldman Sachs Group lifted their price target on Ducommun from $57.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ducommun currently has a consensus rating of “Moderate Buy” and an average 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.