Ducommun (NYSE:DCO) Posts Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Ducommun (NYSE:DCO) announced its quarterly earnings results on Wednesday. The aerospace company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.52 by $0.18, Briefing.com reports. Ducommun had a return on equity of 5.94% and a net margin of 2.10%. The firm had revenue of $190.90 million for the quarter, compared to analyst estimates of $189.20 million. During the same quarter last year, the firm posted $0.63 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis.

Ducommun Price Performance

Shares of DCO stock traded down $0.34 during mid-day trading on Friday, hitting $56.85. 10,630 shares of the stock traded hands, compared to its average volume of 103,668. The firm has a market cap of $832.28 million, a price-to-earnings ratio of 49.73 and a beta of 1.26. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.91 and a current ratio of 2.99. The company’s 50-day simple moving average is $52.06 and its 200-day simple moving average is $50.65. Ducommun has a twelve month low of $40.24 and a twelve month high of $60.00.

Wall Street Analysts Forecast Growth

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

About Ducommun

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.