Zacks: Brokerages Anticipate Ducommun Incorporated (DCO) Will Announce Quarterly Sales of $141.71 Million

Wall Street analysts forecast that Ducommun Incorporated (NYSE:DCO) will announce sales of $141.71 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ducommun’s earnings. The lowest sales estimate is $139.41 million and the highest is $144.00 million. Ducommun posted sales of $136.30 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4%. The business is scheduled to issue its next earnings report on Thursday, May 3rd.

On average, analysts expect that Ducommun will report full year sales of $141.71 million for the current fiscal year, with estimates ranging from $581.18 million to $590.00 million. For the next year, analysts anticipate that the business will report sales of $603.93 million per share, with estimates ranging from $602.86 million to $605.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Ducommun.

How to Become a New Pot Stock Millionaire

Ducommun (NYSE:DCO) last posted its earnings results on Wednesday, February 28th. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.75. The company had revenue of $142.26 million during the quarter, compared to analysts’ expectations of $145.23 million. Ducommun had a return on equity of 6.82% and a net margin of 3.60%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share.

DCO has been the subject of a number of research reports. ValuEngine raised Ducommun from a “hold” rating to a “buy” rating in a research note on Wednesday, March 28th. TheStreet cut Ducommun from a “b-” rating to a “c” rating in a research note on Monday, December 11th. Canaccord Genuity dropped their price objective on Ducommun from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, March 1st. Zacks Investment Research raised Ducommun from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Noble Financial reaffirmed a “hold” rating on shares of Ducommun in a research note on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $36.25.

In related news, Director Anthony J. Reardon sold 20,000 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $30.83, for a total transaction of $616,600.00. Following the completion of the transaction, the director now directly owns 42,052 shares of the company’s stock, valued at approximately $1,296,463.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.50% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its stake in Ducommun by 6.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,385 shares of the aerospace company’s stock worth $265,000 after purchasing an additional 502 shares in the last quarter. Nationwide Fund Advisors grew its stake in Ducommun by 6.4% during the 3rd quarter. Nationwide Fund Advisors now owns 34,991 shares of the aerospace company’s stock worth $1,121,000 after purchasing an additional 2,102 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Ducommun by 5.0% during the 4th quarter. Allianz Asset Management GmbH now owns 49,376 shares of the aerospace company’s stock worth $1,405,000 after purchasing an additional 2,350 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Ducommun by 16.9% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 18,350 shares of the aerospace company’s stock worth $522,000 after purchasing an additional 2,650 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in Ducommun by 42.4% during the 4th quarter. Mackenzie Financial Corp now owns 10,171 shares of the aerospace company’s stock worth $289,000 after purchasing an additional 3,030 shares in the last quarter. 82.48% of the stock is owned by hedge funds and other institutional investors.

DCO stock traded up $0.13 during midday trading on Thursday, hitting $29.66. 49,867 shares of the company’s stock were exchanged, compared to its average volume of 57,589. The company has a quick ratio of 1.23, a current ratio of 2.75 and a debt-to-equity ratio of 0.92. The stock has a market cap of $334.32, a price-to-earnings ratio of 22.20 and a beta of 0.64. Ducommun has a 1-year low of $25.06 and a 1-year high of $35.58.

TRADEMARK VIOLATION NOTICE: This story was first published by Macon Daily and is the property of of Macon Daily. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://macondaily.com/2018/04/17/zacks-brokerages-anticipate-ducommun-incorporated-dco-will-announce-quarterly-sales-of-141-71-million-updated.html.

About Ducommun

Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions.

Get a free copy of the Zacks research report on Ducommun (DCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ducommun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ducommun and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply