Ducommun Incorporated (NYSE:DCO) – Equities research analysts at B. Riley raised their Q2 2019 EPS estimates for Ducommun in a report issued on Tuesday, May 7th. B. Riley analyst M. Crawford now expects that the aerospace company will earn $0.48 per share for the quarter, up from their prior forecast of $0.36. B. Riley also issued estimates for Ducommun’s Q3 2019 earnings at $0.50 EPS and FY2019 earnings at $2.15 EPS.
A number of other research firms have also weighed in on DCO. Zacks Investment Research lowered Ducommun from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. Noble Financial raised Ducommun from a “market perform” rating to an “outperform” rating and set a $49.00 price objective for the company in a research note on Friday, March 1st. SunTrust Banks upped their price objective on Ducommun to $54.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, TheStreet raised Ducommun from a “c+” rating to a “b” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $48.40.
NYSE DCO opened at $49.29 on Thursday. The stock has a market capitalization of $586.44 million, a PE ratio of 24.77 and a beta of 1.03. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.27 and a quick ratio of 1.47. Ducommun has a twelve month low of $31.05 and a twelve month high of $51.70.
Ducommun (NYSE:DCO) last released its quarterly earnings results on Monday, May 6th. The aerospace company reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.15. Ducommun had a return on equity of 7.36% and a net margin of 1.44%. The business had revenue of $172.57 million during the quarter, compared to analyst estimates of $158.83 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. Ducommun’s revenue for the quarter was up 14.7% on a year-over-year basis.
Large investors have recently bought and sold shares of the stock. Macquarie Group Ltd. purchased a new stake in shares of Ducommun in the fourth quarter worth about $25,000. Quantamental Technologies LLC purchased a new stake in shares of Ducommun in the first quarter worth about $25,000. PNC Financial Services Group Inc. lifted its position in shares of Ducommun by 4,516.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,108 shares of the aerospace company’s stock worth $40,000 after buying an additional 1,084 shares in the last quarter. Ramsey Quantitative Systems purchased a new stake in shares of Ducommun in the fourth quarter worth about $82,000. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Ducommun by 408.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,225 shares of the aerospace company’s stock worth $97,000 after buying an additional 1,787 shares in the last quarter. Institutional investors own 79.39% of the company’s stock.
In related news, Director Robert C. Ducommun sold 685 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $45.60, for a total value of $31,236.00. Following the sale, the director now directly owns 405,315 shares in the company, valued at $18,482,364. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.50% of the stock is currently owned by insiders.
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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