Ducommun (DCO) to Release Quarterly Earnings on Thursday

Ducommun (NYSE:DCO - Get Free Report) will be announcing its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.64 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Ducommun (NYSE:DCO - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.63 by $0.20. Ducommun had a return on equity of 6.79% and a net margin of 2.95%. The business had revenue of $197.00 million for the quarter, compared to analysts' expectations of $194.57 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The company's revenue was up 5.2% compared to the same quarter last year. On average, analysts expect Ducommun to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Ducommun Stock Down 4.7 %

DCO stock traded down $2.90 during midday trading on Thursday, hitting $58.79. 53,067 shares of the company's stock were exchanged, compared to its average volume of 74,760. The firm has a 50 day moving average price of $64.10 and a 200-day moving average price of $60.46. Ducommun has a 12-month low of $46.79 and a 12-month high of $67.04. The stock has a market capitalization of $867.03 million, a price-to-earnings ratio of 39.99 and a beta of 1.38. The company has a current ratio of 3.06, a quick ratio of 1.97 and a debt-to-equity ratio of 0.38.

Insider Activity at Ducommun

In other news, VP Jerry L. Redondo sold 770 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $64.20, for a total transaction of $49,434.00. Following the completion of the transaction, the vice president now directly owns 63,826 shares in the company, valued at approximately $4,097,629.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Stephen G. Oswald sold 1,200 shares of the firm's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $66.32, for a total transaction of $79,584.00. Following the completion of the transaction, the chief executive officer now owns 341,151 shares of the company's stock, valued at $22,625,134.32. 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 the SEC website. Also, VP Jerry L. Redondo sold 770 shares of the company's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $64.20, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,270 shares of company stock worth $329,295 in the last ninety days. 8.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. The Goldman Sachs Group upgraded Ducommun from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $64.00 to $80.00 in a research note on Tuesday, August 13th. Truist Financial cut their target price on shares of Ducommun from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Friday, October 18th. Finally, StockNews.com upgraded Ducommun from a "hold" rating to a "buy" rating in a research report on Saturday, August 17th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $70.75.

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.