News stories about Ducommun (NYSE:DCO) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ducommun earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the aerospace company an impact score of 47.286005833824 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several research firms have recently commented on DCO. ValuEngine raised shares of Ducommun from a “hold” rating to a “buy” rating in a report on Thursday, June 28th. Zacks Investment Research raised shares of Ducommun from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Wednesday, August 8th. Canaccord Genuity upped their price objective on shares of Ducommun from $36.00 to $38.00 and gave the company a “buy” rating in a report on Monday, May 21st. B. Riley upped their price objective on shares of Ducommun from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Finally, Noble Financial raised shares of Ducommun from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Tuesday, August 7th. Six equities research analysts have rated the stock with a buy rating, Ducommun presently has an average rating of “Buy” and an average price target of $40.20.
DCO stock opened at $40.61 on Wednesday. The firm has a market capitalization of $463.93 million, a PE ratio of 30.53 and a beta of 0.95. The company has a current ratio of 2.38, a quick ratio of 1.54 and a debt-to-equity ratio of 0.92. Ducommun has a 12 month low of $25.06 and a 12 month high of $41.24.
Ducommun (NYSE:DCO) last released its quarterly earnings data on Monday, August 6th. The aerospace company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.17). The business had revenue of $154.83 million during the quarter, compared to analysts’ expectations of $148.53 million. Ducommun had a net margin of 3.13% and a return on equity of 6.87%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share. research analysts expect that Ducommun will post 1.66 EPS for the current fiscal year.
In related news, VP Christopher D. Wampler sold 1,550 shares of the business’s stock in a transaction on Friday, June 8th. The shares were sold at an average price of $34.80, for a total value of $53,940.00. Following the completion of the transaction, the vice president now directly owns 7,140 shares in the company, valued at approximately $248,472. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 8.50% of the company’s stock.
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.
Further Reading: Earnings Per Share
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