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

Ducommun (NYSE:DCO - Get Free Report) released its quarterly earnings data on Wednesday. The aerospace company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.18, Briefing.com reports. The firm had revenue of $190.90 million for the quarter, compared to the consensus estimate of $189.20 million. Ducommun had a return on equity of 5.94% and a net margin of 2.10%. The firm's revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 earnings per share.

Ducommun Price Performance

Shares of DCO traded up $0.65 during midday trading on Thursday, hitting $57.19. The company's stock had a trading volume of 67,735 shares, compared to its average volume of 104,760. Ducommun has a one year low of $40.24 and a one year high of $60.00. The stock has a market capitalization of $837.26 million, a price-to-earnings ratio of 49.73 and a beta of 1.26. The company has a quick ratio of 1.91, a current ratio of 2.99 and a debt-to-equity ratio of 0.40. The company's fifty day simple moving average is $52.06 and its two-hundred day simple moving average is $50.65.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DCO. Royal Bank of Canada restated an "outperform" rating and set a $60.00 price objective on shares of Ducommun in a research report on Friday, February 16th. B. Riley restated a "buy" rating and set a $72.00 target price on shares of Ducommun in a research report on Friday, February 16th. Finally, Truist Financial dropped their price objective on Ducommun from $69.00 to $65.00 and set a "buy" rating for the company in a report on Friday, February 16th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Ducommun currently has an average rating of "Moderate Buy" and a consensus target price 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.