B. Riley Has Positive Outlook of Ducommun FY2024 Earnings

Ducommun Incorporated (NYSE:DCO) – Equities researchers at B. Riley lifted their FY2024 EPS estimates for Ducommun in a research report issued on Tuesday, October 22nd. B. Riley analyst M. Crawford now expects that the aerospace company will post earnings of $2.70 per share 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 earnings results on Thursday, August 8th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. The firm had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $194.57 million. Ducommun had a return on equity of 6.79% and a net margin of 2.95%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 earnings per share.

A number of other equities analysts have also recently weighed in on the stock. StockNews.com raised shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. The Goldman Sachs Group upgraded Ducommun from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $64.00 to $80.00 in a report on Tuesday, August 13th. Finally, Truist Financial decreased their target price on Ducommun from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Ducommun currently has a consensus rating of “Buy” and an average price target of $70.75.

Ducommun Stock Up 0.0 %

Ducommun stock opened at $62.33 on Wednesday. The firm has a market capitalization of $917.25 million, a price-to-earnings ratio of 52.38 and a beta of 1.38. The company’s 50 day simple moving average is $64.36 and its 200 day simple moving average is $60.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.06 and a quick ratio of 1.97. Ducommun has a fifty-two week low of $45.75 and a fifty-two week high of $67.04.

Insider Buying and Selling

In related news, VP Jerry L. Redondo sold 770 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were 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 approximately $4,097,629.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Stephen G. Oswald sold 1,200 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $66.32, for a total transaction of $79,584.00. Following the completion of the transaction, the chief executive officer now owns 341,151 shares in the company, valued at approximately $22,625,134.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jerry L. Redondo sold 770 shares of Ducommun stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $64.20, for a total transaction of $49,434.00. Following the completion of the sale, the vice president now owns 63,826 shares in the company, valued at $4,097,629.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,270 shares of company stock worth $329,295 over the last ninety days. Company insiders own 8.80% of the company’s stock.

Hedge Funds Weigh In On Ducommun

A number of large investors have recently modified their holdings of DCO. BNP Paribas Financial Markets raised its stake in shares of Ducommun by 49.7% during the 1st quarter. BNP Paribas Financial Markets now owns 24,918 shares of the aerospace company’s stock worth $1,278,000 after purchasing an additional 8,273 shares in the last quarter. First Eagle Investment Management LLC raised its position in Ducommun by 7.6% during the first quarter. First Eagle Investment Management LLC now owns 219,479 shares of the aerospace company’s stock worth $11,259,000 after acquiring an additional 15,494 shares in the last quarter. RDST Capital LLC raised its position in Ducommun by 16.8% during the second quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock worth $31,369,000 after acquiring an additional 77,595 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its stake in Ducommun by 70.4% in the second quarter. Diamond Hill Capital Management Inc. now owns 112,664 shares of the aerospace company’s stock valued at $6,541,000 after acquiring an additional 46,544 shares during the last quarter. Finally, Oliver Luxxe Assets LLC grew its position in shares of Ducommun by 111.5% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 20,304 shares of the aerospace company’s stock valued at $1,337,000 after acquiring an additional 10,702 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

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.