Ducommun (NYSE:DCO) Announces Earnings Results, Beats Estimates By $0.06 EPS

Ducommun (NYSE:DCO) announced its quarterly earnings data on Thursday. The aerospace company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.06, FiscalAI reports. Ducommun had a net margin of 5.89% and a return on equity of 9.66%. The company had revenue of $227.02 million during the quarter, compared to analysts’ expectations of $221.93 million. During the same quarter in the prior year, the company earned $0.99 EPS. Ducommun’s revenue was up 6.8% compared to the same quarter last year.

Here are the key takeaways from Ducommun’s conference call:

• Ducommun reported record Q3 revenue of $227 million, up 6% year over year, with commercial aerospace revenue growing 28%. The company narrowed its 2026 revenue outlook to $885 million–$890 million.
• Gross margin reached a record 28.9%, while adjusted EBITDA margin was 17.5%, bringing the company close to its VISION 2027 targets a year ahead of schedule. Engineered products increased to a record 24% of revenue.
• Bookings were strong: total Q3 bookings were $354 million, with a 1.6 book-to-bill ratio and record company remaining performance obligations of $1.3 billion. Defense book-to-bill was 2.2, and military and space RPO reached a record $868 million.
• Defense revenue declined 7% due to order and production timing, but management characterized the weakness as temporary and expects growth to return in 2027. Orders under seven-year missile framework agreements are anticipated to begin flowing to suppliers in late Q1 or Q2 2027, though timing remains uncertain.
• The company finalized a new two-year Airbus agreement for titanium components, with purchase orders received and double-digit price increases expected to take effect in January. Management expects commercial aerospace growth to continue, but said growth above 20% is unlikely to be a reasonable near-term assumption.

Ducommun Trading Up 1.7%

Shares of DCO traded up $2.21 during mid-day trading on Friday, reaching $134.71. The stock had a trading volume of 245,294 shares, compared to its average volume of 175,256. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38. Ducommun has a 52-week low of $84.76 and a 52-week high of $210.39. The business’s fifty day moving average is $166.68 and its 200 day moving average is $154.07. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 32.28 and a beta of 1.11.

Insider Buying and Selling

In other Ducommun news, CEO Stephen Oswald sold 5,766 shares of Ducommun stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $201.15, for a total transaction of $1,159,830.90. Following the transaction, the chief executive officer directly owned 385,875 shares of the company’s stock, valued at $77,618,756.25. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.00% of the stock is owned by company insiders.

Ducommun News Roundup

Here are the key news stories impacting Ducommun this week:

• Positive Sentiment: Q3 adjusted earnings of $1.21 per share topped the $1.15 consensus estimate, and revenue of $227.02 million exceeded forecasts and rose 6.8% year over year. The company also reported record revenue and gross margin, record remaining performance obligations, and a 2.2x defense book-to-bill ratio. Ducommun Q3 2026 results
• Neutral Sentiment: B. Riley cut its price target to $203 from $222 but maintained a Buy rating. Its revised target remains well above the cited share price, though the reduction suggests a more cautious outlook. Analyst price target updates
• Negative Sentiment: RBC lowered its target to $155 from $180 and kept a Sector Perform rating. Although the new target is still above the cited share price, the sizable cut may weigh on investor expectations. RBC price target update

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DCO shares. Guggenheim started coverage on shares of Ducommun in a research note on Friday, October 9th. They issued a “buy” rating and a $246.00 target price on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Ducommun in a research report on Monday, August 10th. Weiss Ratings lowered Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 18th. Citigroup reaffirmed a “buy” rating on shares of Ducommun in a report on Wednesday, August 12th. Finally, Zacks Research downgraded Ducommun from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $196.67.

About Ducommun

Ducommun Incorporated (NYSE: DCO) is a manufacturer of engineered components, assemblies and systems for the aerospace, defense and space industries. The company supplies products used in commercial aircraft, military platforms, launch vehicles, satellites and other mission-critical applications.

Its offerings include structural components and assemblies, precision-machined parts, composite structures, electronic and electromechanical systems, circuit-card assemblies, wire harnesses and other specialized products.