Ducommun (NYSE:DCO) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Ducommun (NYSE:DCO - Get Free Report) issued its quarterly earnings results on Thursday. The aerospace company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.05, Zacks reports. Ducommun had a return on equity of 7.40% and a net margin of 3.82%. The business had revenue of $197.29 million during the quarter, compared to the consensus estimate of $195.58 million.

Ducommun Stock Performance

Shares of DCO traded down $0.80 during midday trading on Monday, hitting $57.82. 87,728 shares of the stock traded hands, compared to its average volume of 77,553. The business's 50 day moving average price is $64.89 and its two-hundred day moving average price is $64.59. The firm has a market capitalization of $854.52 million, a PE ratio of 29.06 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21. Ducommun has a 1-year low of $47.87 and a 1-year high of $70.50.

Insider Buying and Selling

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $69.50, for a total transaction of $69,500.00. Following the completion of the transaction, the director now directly owns 409,900 shares of the company's stock, valued at $28,488,050. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 8.80% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Royal Bank of Canada started coverage on shares of Ducommun in a research note on Tuesday, December 31st. They set an "outperform" rating and a $72.00 target price for the company. StockNews.com downgraded shares of Ducommun from a "strong-buy" rating to a "buy" rating in a research report on Friday. Finally, Truist Financial raised their target price on shares of Ducommun from $80.00 to $82.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th.

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.