Ducommun (NYSE:DCO) Issues Quarterly Earnings Results

Ducommun (NYSE:DCO) posted its quarterly earnings data on Wednesday. The aerospace company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.18, Briefing.com reports. Ducommun had a net margin of 2.10% and a return on equity of 5.94%. The company had revenue of $190.90 million during the quarter, compared to analysts’ expectations of $189.20 million. During the same period in the prior year, the company posted $0.63 earnings per share. Ducommun’s revenue for the quarter was up 5.4% compared to the same quarter last year.

Ducommun Stock Performance

DCO traded down $0.34 on Friday, reaching $56.85. The stock had a trading volume of 10,630 shares, compared to its average volume of 103,668. The company has a market cap of $832.28 million, a P/E ratio of 49.73 and a beta of 1.26. The business’s 50-day moving average price is $52.06 and its two-hundred day moving average price is $50.65. The company has a current ratio of 2.99, a quick ratio of 1.91 and a debt-to-equity ratio of 0.40. Ducommun has a 12-month low of $40.24 and a 12-month high of $60.00.

Wall Street Analyst Weigh In

DCO has been the subject of several recent analyst reports. Truist Financial decreased their price objective on shares of Ducommun from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, February 16th. StockNews.com raised shares of Ducommun from a “hold” rating to a “buy” rating in a research note on Thursday. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 target price on shares of Ducommun in a research note on Friday, February 16th. Finally, B. Riley reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Ducommun in a research note on Friday, February 16th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.80.

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.