Ducommun (NYSE:DCO) posted its quarterly earnings results on Thursday. The aerospace company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.16, MarketWatch Earnings reports. Ducommun had a net margin of 4.38% and a return on equity of 10.70%. The firm had revenue of $147.31 million for the quarter, compared to the consensus estimate of $145.02 million.
Shares of DCO traded up $1.70 during trading on Friday, reaching $35.95. 113,966 shares of the company traded hands, compared to its average volume of 59,231. The stock has a 50-day simple moving average of $34.00 and a 200-day simple moving average of $33.68. The stock has a market cap of $418.78 million, a PE ratio of 14.10 and a beta of 1.28. Ducommun has a twelve month low of $16.27 and a twelve month high of $57.84. The company has a quick ratio of 1.94, a current ratio of 2.78 and a debt-to-equity ratio of 1.19.
DCO has been the topic of a number of research reports. ValuEngine raised shares of Ducommun from a “sell” rating to a “hold” rating in a research note on Thursday, May 21st. TheStreet lowered Ducommun from a “b-” rating to a “c+” rating in a research note on Friday, July 10th. Royal Bank of Canada assumed coverage on Ducommun in a research note on Wednesday, May 20th. They issued an “outperform” rating and a $41.00 target price for the company. SunTrust Banks lowered their price target on shares of Ducommun from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, July 15th. Finally, Canaccord Genuity upped their price objective on shares of Ducommun from $42.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $41.00.
Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace, defense, industrial, natural resources, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment offers cable assemblies and interconnect systems; printed circuit board assemblies; high-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.
See Also: What is a Special Dividend?
Receive News & Ratings for Ducommun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ducommun and related companies with MarketBeat.com's FREE daily email newsletter.