Somewhat Positive Press Coverage Somewhat Unlikely to Affect Ducommun (DCO) Share Price
News coverage about Ducommun (NYSE:DCO) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ducommun earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the aerospace company an impact score of 45.5564170020502 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
DCO has been the topic of a number of recent analyst reports. B. Riley raised shares of Ducommun from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Friday, May 5th. Noble Financial reaffirmed a “hold” rating on shares of Ducommun in a report on Saturday, May 6th. Zacks Investment Research raised shares of Ducommun from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Canaccord Genuity reaffirmed a “buy” rating and set a $35.00 price target on shares of Ducommun in a report on Thursday, June 22nd. Finally, BidaskClub downgraded shares of Ducommun from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $36.25.
Shares of Ducommun (NYSE:DCO) traded down 0.79% during trading on Thursday, hitting $27.50. 45,905 shares of the stock traded hands. The firm has a market cap of $311.27 million, a price-to-earnings ratio of 22.88 and a beta of 0.90. The stock has a 50 day moving average of $29.32 and a 200 day moving average of $30.35. Ducommun has a 52-week low of $18.70 and a 52-week high of $35.58.
Ducommun (NYSE:DCO) last issued its earnings results on Thursday, August 3rd. The aerospace company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.03. The firm had revenue of $140.90 million for the quarter, compared to analyst estimates of $138.39 million. Ducommun had a return on equity of 7.49% and a net margin of 2.50%. Ducommun’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 earnings per share. Analysts expect that Ducommun will post $1.32 EPS for the current year.
In other Ducommun news, VP Rose F. Rogers sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $32.18, for a total value of $32,180.00. Following the sale, the vice president now owns 26,157 shares in the company, valued at approximately $841,732.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert C. Ducommun sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $33.01, for a total value of $29,709.00. Following the completion of the sale, the director now owns 421,600 shares in the company, valued at approximately $13,917,016. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,800 shares of company stock worth $332,816. 8.20% of the stock is owned by insiders.
Ducommun Company Profile
Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions.
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