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

Ducommun (NYSE:DCO) released its quarterly earnings results on Thursday. The aerospace company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $221.93 million. During the same period last year, the firm earned $0.99 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis.

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 Stock Performance

Shares of Ducommun stock traded up $2.21 on Friday, reaching $134.71. 245,294 shares of the company traded hands, compared to its average volume of 175,256. Ducommun has a 52 week low of $84.76 and a 52 week high of $210.39. The company has a 50 day moving average of $166.68 and a 200 day moving average of $154.07. The firm has a market capitalization of $2.03 billion, a PE ratio of 32.28 and a beta of 1.11. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38.

Wall Street Analyst Weigh In

DCO has been the topic of several recent analyst reports. Royal Bank Of Canada dropped their target price on shares of Ducommun from $180.00 to $155.00 and set a “sector perform” rating on the stock in a research report on Friday. B. Riley Financial reduced their target price on Ducommun from $222.00 to $203.00 and set a “buy” rating for the company in a report on Friday. The Goldman Sachs Group reaffirmed 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 report on Friday, September 18th. Finally, Zacks Research cut Ducommun from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $196.67.

Key Stories Impacting Ducommun

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

Insider Activity at Ducommun

In related news, CEO Stephen Oswald sold 2,500 shares of Ducommun stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $203.95, for a total value of $509,875.00. Following the sale, the chief executive officer owned 383,864 shares of the company’s stock, valued at approximately $78,289,062.80. The trade was a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.00% of the company’s stock.

Ducommun Company Profile

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.