B. Riley Has Bullish Outlook for Ducommun FY2024 Earnings

Ducommun Incorporated (NYSE:DCO) – Research analysts at B. Riley increased their FY2024 EPS estimates for shares of Ducommun in a research report issued to clients and investors on Tuesday, October 22nd. B. Riley analyst M. Crawford now forecasts that the aerospace company will post earnings per share of $2.70 for the year, up from their prior forecast of $2.54. The consensus estimate for Ducommun’s current full-year earnings is $2.93 per share. B. Riley also issued estimates for Ducommun’s Q4 2024 earnings at $0.64 EPS, Q1 2025 earnings at $0.68 EPS, Q2 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.89 EPS, Q4 2025 earnings at $0.98 EPS and FY2025 earnings at $3.34 EPS.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.63 by $0.20. Ducommun had a net margin of 2.95% and a return on equity of 6.79%. The company had revenue of $197.00 million during the quarter, compared to analyst estimates of $194.57 million. During the same quarter in the previous year, the firm earned $0.54 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year.

DCO has been the topic of a number of other reports. The Goldman Sachs Group upgraded shares of Ducommun from a “neutral” rating to a “buy” rating and upped their target price for the stock from $64.00 to $80.00 in a research note on Tuesday, August 13th. Truist Financial reduced their target price on Ducommun from $72.00 to $71.00 and set a “buy” rating for the company in a report on Friday, October 18th. Finally, StockNews.com upgraded Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $70.75.

Ducommun Trading Down 2.0 %

Shares of DCO stock opened at $62.22 on Wednesday. The company’s 50-day moving average price is $64.36 and its 200-day moving average price is $60.23. The company has a current ratio of 3.06, a quick ratio of 1.97 and a debt-to-equity ratio of 0.38. The stock has a market cap of $915.63 million, a price-to-earnings ratio of 52.29 and a beta of 1.38. Ducommun has a twelve month low of $45.75 and a twelve month high of $67.04.

Hedge Funds Weigh In On Ducommun

Several hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its stake in Ducommun by 658.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,927 shares of the aerospace company’s stock valued at $100,000 after acquiring an additional 1,673 shares during the last quarter. Eastern Bank acquired a new position in shares of Ducommun during the 3rd quarter worth about $118,000. EntryPoint Capital LLC grew its stake in Ducommun by 323.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company’s stock valued at $129,000 after buying an additional 1,914 shares during the last quarter. Arizona State Retirement System bought a new stake in Ducommun in the 2nd quarter valued at about $202,000. Finally, SG Americas Securities LLC bought a new stake in Ducommun in the 3rd quarter valued at about $213,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ducommun

In related news, VP Jerry L. Redondo sold 770 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $64.20, for a total value of $49,434.00. Following the completion of the sale, the vice president now directly owns 63,826 shares of the company’s stock, valued at $4,097,629.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Jerry L. Redondo sold 770 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $64.20, for a total value of $49,434.00. Following the completion of the transaction, the vice president now directly owns 63,826 shares of the company’s stock, valued at $4,097,629.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jerry L. Redondo sold 3,300 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $60.69, for a total value of $200,277.00. Following the completion of the transaction, the vice president now directly owns 63,826 shares of the company’s stock, valued at $3,873,599.94. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,270 shares of company stock valued at $329,295 over the last three months. 8.80% of the stock is owned by company insiders.

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.