Ducommun (DCO) to Release Earnings on Thursday

Ducommun (NYSE:DCO) will likely be announcing its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.70 per share and revenue of $195.58 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Ducommun Price Performance

Shares of NYSE DCO opened at $62.37 on Wednesday. Ducommun has a fifty-two week low of $47.53 and a fifty-two week high of $70.50. The stock has a market cap of $921.89 million, a price-to-earnings ratio of 31.34 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. The firm’s 50-day simple moving average is $65.29 and its 200 day simple moving average is $64.60.

Insiders Place Their Bets

In other news, Director Robert C. Ducommun sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 409,900 shares in the company, valued at $28,488,050. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 8.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DCO shares. Royal Bank of Canada initiated coverage on shares of Ducommun in a research report on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 price target on the stock. Truist Financial lifted their target price on shares of Ducommun from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, StockNews.com raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th.

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.