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710100.0 | 2013-01-09 00:00:00 UTC | Columbia Wanger Becomes 10.8% Owner of Exa Corp. | DCI | https://www.nasdaq.com/articles/columbia-wanger-becomes-108-owner-exa-corp-2013-01-09 | nan | nan | From today's GuruFocus Real Time Picks reports, mutual fund company Columbia Wanger has increased its Exa Corp. ( EXA ) stake by 816.78 percent, turning the miniscule position into 10.8 ownership of the company's outstanding shares.
Massachusetts-based Exa is simulation-driven software products and services provider, largely serving the transportation market through its array of products that help companies test such things as fluid flow and heat transfer. Through its simulation software, Exa enables companies to improve the efficiencies of their design and engineering processes as well as improve costs, without having to spend money on expensive physical prototypes and tests.
Having only been declared a public company since June 2012, Exa's stock price has slightly gone down since its IPO, trading today at $9.47 from $11 seven months ago.
Columbia purchased Exa stock in the third quarter of last year, starting off with 157,517 shares. This placed the fund at 1.19 percent owner, and represented 0.0079 percent of its portfolio, barely making any impact at all to the 323-stock portfolio. Today, Columbia holds a little over 1.4 million shares, and is the only investor on GuruFocus who has dabbled in the company's shares ( EXA: Guru Trades ).
Exa's revenue grew by 9 percent comparable to year-over-year data, according to its third quarter financial results. Exa President and CEO Stephen Remondi noted that its revenue growth represented 13 percent on a constant currency basis, which is slightly below what the company anticipated, and is due to what he believes are near-term budget constraints for Exa's customers, as well as the delay of new projects and license activity.
"We believe customers became incrementally more cautious with expenses going into calendar year-end, due to increased macroeconomic uncertainty, particularly in the manufacturing markets we serve," Remondi said. "With new budgets opening up in the New Year and short-term deliverables which still must be met...we are optimistic that these delays will be short-lived. Furthermore, we are confident that the long-term drivers of our growth remain firmly intact and that Exa is well positioned to lead our customers' efforts in simulation-based design in order to meet their increasingly stringent requirements for fuel efficiency, noise, and thermal management."
Exa's new presence in public market trading is accompanied by a 1-star ranking in Business Predictability on GuruFocus. Its stock is up 2 percent this afternoon.
As the eighth largest manager of long-term mutual fund assets, many of Columbia Wanger 's managed funds have delivered double-digit returns in 2012. They include: the Columbia Acorn Emerging Markets Fund A, which returned 30.86 percent; the Columbia Large Cap Growth Fund A, which returned 20.15 percent; the Columbia Contrarian Core Fund A, which returned 18.33 percent; and the Columbia Mid Cap Value Opportunity Fund, which returned 18.2 percent. (Columbia's Mutual Fund Performance)
Some of Columbia's largest holdings include Ametel Inc. ( AME ), Lululemon Athletica Inc. ( LULU ), Donaldson Company Inc. ( DCI ) and Mettler-Toledo International Inc. ( MTD ).
To view more of Columbia Wanger's latest trades, view Stock Picks. Also view its undervalued stocks, it high-yield companies and its top growth stocks.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (Columbia's Mutual Fund Performance) Some of Columbia's largest holdings include Ametel Inc. ( AME ), Lululemon Athletica Inc. ( LULU ), Donaldson Company Inc. ( DCI ) and Mettler-Toledo International Inc. ( MTD ). Having only been declared a public company since June 2012, Exa's stock price has slightly gone down since its IPO, trading today at $9.47 from $11 seven months ago. "We believe customers became incrementally more cautious with expenses going into calendar year-end, due to increased macroeconomic uncertainty, particularly in the manufacturing markets we serve," Remondi said. | (Columbia's Mutual Fund Performance) Some of Columbia's largest holdings include Ametel Inc. ( AME ), Lululemon Athletica Inc. ( LULU ), Donaldson Company Inc. ( DCI ) and Mettler-Toledo International Inc. ( MTD ). From today's GuruFocus Real Time Picks reports, mutual fund company Columbia Wanger has increased its Exa Corp. ( EXA ) stake by 816.78 percent, turning the miniscule position into 10.8 ownership of the company's outstanding shares. They include: the Columbia Acorn Emerging Markets Fund A, which returned 30.86 percent; the Columbia Large Cap Growth Fund A, which returned 20.15 percent; the Columbia Contrarian Core Fund A, which returned 18.33 percent; and the Columbia Mid Cap Value Opportunity Fund, which returned 18.2 percent. | (Columbia's Mutual Fund Performance) Some of Columbia's largest holdings include Ametel Inc. ( AME ), Lululemon Athletica Inc. ( LULU ), Donaldson Company Inc. ( DCI ) and Mettler-Toledo International Inc. ( MTD ). From today's GuruFocus Real Time Picks reports, mutual fund company Columbia Wanger has increased its Exa Corp. ( EXA ) stake by 816.78 percent, turning the miniscule position into 10.8 ownership of the company's outstanding shares. Exa President and CEO Stephen Remondi noted that its revenue growth represented 13 percent on a constant currency basis, which is slightly below what the company anticipated, and is due to what he believes are near-term budget constraints for Exa's customers, as well as the delay of new projects and license activity. | (Columbia's Mutual Fund Performance) Some of Columbia's largest holdings include Ametel Inc. ( AME ), Lululemon Athletica Inc. ( LULU ), Donaldson Company Inc. ( DCI ) and Mettler-Toledo International Inc. ( MTD ). Today, Columbia holds a little over 1.4 million shares, and is the only investor on GuruFocus who has dabbled in the company's shares ( EXA: Guru Trades ). To view more of Columbia Wanger's latest trades, view Stock Picks. | 3d659b0f-7658-4467-9479-a2493aa0d5e7 |
710101.0 | 2012-12-10 00:00:00 UTC | CECO Environmental Corp. (CECE) Ex-Dividend Date Scheduled for December 12, 2012 | DCI | https://www.nasdaq.com/articles/ceco-environmental-corp-cece-ex-dividend-date-scheduled-december-12-2012-2012-12-10 | nan | nan | CECO Environmental Corp. ( CECE ) has announced an ex-dividend date of December 12, 2012 and a cash dividend payment of $0.045 per share scheduled for December 28, 2012. Shareholders who purchased CECE stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 80% increase over the same period a year ago. At the current stock price of $9.34, the dividend yield is 1.93%.
The previous trading day's last sale of CECE was $9.34, representing a -8.43% decrease from the 52 week high of $10.20 and a 77.23% increase over the 52 week low of $5.27.
CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and Met-Pro Corporation ( MPR ). CECE's current earnings per share, an indicator of a company's profitability, is $.63. Zacks Investment Research reports CECE's forecasted earnings growth in 2012 as 24.51%, compared to an industry average of 4.6%.
For more information on the declaration, record and payment dates, visit the CECE Dividend History page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and Met-Pro Corporation ( MPR ). Shareholders who purchased CECE stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports CECE's forecasted earnings growth in 2012 as 24.51%, compared to an industry average of 4.6%. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and Met-Pro Corporation ( MPR ). CECO Environmental Corp. ( CECE ) has announced an ex-dividend date of December 12, 2012 and a cash dividend payment of $0.045 per share scheduled for December 28, 2012. | CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and Met-Pro Corporation ( MPR ). CECO Environmental Corp. ( CECE ) has announced an ex-dividend date of December 12, 2012 and a cash dividend payment of $0.045 per share scheduled for December 28, 2012. Shareholders who purchased CECE stock prior to the ex-dividend date are eligible for the cash dividend payment. | CECE is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and Met-Pro Corporation ( MPR ). Shareholders who purchased CECE stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 80% increase over the same period a year ago. | 8b5ffc57-0602-471d-8ac8-a401522c084b |
710102.0 | 2012-11-30 00:00:00 UTC | Donaldson Company, Inc. (DCI) Ex-Dividend Date Scheduled for December 04, 2012 | DCI | https://www.nasdaq.com/articles/donaldson-company-inc-dci-ex-dividend-date-scheduled-december-04-2012-2012-11-30 | nan | nan | Donaldson Company, Inc. ( DCI ) has announced an ex-dividend date of December 04, 2012 and a cash dividend payment of $0.09 per share scheduled for December 21, 2012. Shareholders who purchased DCI stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that DCI has paid the same dividend. At the current stock price of $33.71, the dividend yield is 1.07%.
The previous trading day's last sale of DCI was $33.71, representing a -13.32% decrease from the 52 week high of $38.89 and a 10.49% increase over the 52 week low of $30.51.
DCI is a part of the Capital Goods sector, which includes companies such as CECO Environmental Corp. ( CECE ) and Met-Pro Corporation ( MPR ). DCI's current earnings per share, an indicator of a company's profitability, is $1.64. Zacks Investment Research reports DCI's forecasted earnings growth in 2013 as 2.12%, compared to an industry average of 6.2%.
For more information on the declaration, record and payment dates, visit the DCI Dividend History page.
Interested in gaining exposure to DCI through an Exchange Traded Fund [ETF]?
The following ETF(s) have DCI as a top-10 holding:
PowerShares Cleantech Portfolio ( PZD ).
The top-performing ETF of this group is PZD with an increase of 6.3% over the last 100 days. It also has the highest percent weighting of DCI at 2.6%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased DCI stock prior to the ex-dividend date are eligible for the cash dividend payment. DCI is a part of the Capital Goods sector, which includes companies such as CECO Environmental Corp. ( CECE ) and Met-Pro Corporation ( MPR ). Zacks Investment Research reports DCI's forecasted earnings growth in 2013 as 2.12%, compared to an industry average of 6.2%. | Donaldson Company, Inc. ( DCI ) has announced an ex-dividend date of December 04, 2012 and a cash dividend payment of $0.09 per share scheduled for December 21, 2012. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Shareholders who purchased DCI stock prior to the ex-dividend date are eligible for the cash dividend payment. | Donaldson Company, Inc. ( DCI ) has announced an ex-dividend date of December 04, 2012 and a cash dividend payment of $0.09 per share scheduled for December 21, 2012. Shareholders who purchased DCI stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the DCI Dividend History page. | Shareholders who purchased DCI stock prior to the ex-dividend date are eligible for the cash dividend payment. DCI's current earnings per share, an indicator of a company's profitability, is $1.64. Donaldson Company, Inc. ( DCI ) has announced an ex-dividend date of December 04, 2012 and a cash dividend payment of $0.09 per share scheduled for December 21, 2012. | c486e1e2-d47d-450e-a2a6-1f2614d8dde6 |
710103.0 | 2012-11-27 00:00:00 UTC | Met-Pro Corporation (MPR) Ex-Dividend Date Scheduled for November 29, 2012 | DCI | https://www.nasdaq.com/articles/met-pro-corporation-mpr-ex-dividend-date-scheduled-november-29-2012-2012-11-27 | nan | nan | Met-Pro Corporation ( MPR ) has announced an ex-dividend date of November 29, 2012 and a cash dividend payment of $0.0725 per share scheduled for December 17, 2012. Shareholders who purchased MPR stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 2.11% increase over the prior quarter. At the current stock price of $9.06, the dividend yield is 3.2%.
The previous trading day's last sale of MPR was $9.06, representing a -17.41% decrease from the 52 week high of $10.97 and a 9.16% increase over the 52 week low of $8.30.
MPR is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and CECO Environmental Corp. ( CECE ). MPR's current earnings per share, an indicator of a company's profitability, is $.49. Zacks Investment Research reports MPR's forecasted earnings growth in 2013 as -.67%, compared to an industry average of 6.3%.
For more information on the declaration, record and payment dates, visit the MPR Dividend History page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | MPR is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and CECO Environmental Corp. ( CECE ). Met-Pro Corporation ( MPR ) has announced an ex-dividend date of November 29, 2012 and a cash dividend payment of $0.0725 per share scheduled for December 17, 2012. Shareholders who purchased MPR stock prior to the ex-dividend date are eligible for the cash dividend payment. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. MPR is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and CECO Environmental Corp. ( CECE ). Shareholders who purchased MPR stock prior to the ex-dividend date are eligible for the cash dividend payment. | MPR is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and CECO Environmental Corp. ( CECE ). Met-Pro Corporation ( MPR ) has announced an ex-dividend date of November 29, 2012 and a cash dividend payment of $0.0725 per share scheduled for December 17, 2012. Shareholders who purchased MPR stock prior to the ex-dividend date are eligible for the cash dividend payment. | MPR is a part of the Capital Goods sector, which includes companies such as Donaldson Company, Inc. ( DCI ) and CECO Environmental Corp. ( CECE ). Shareholders who purchased MPR stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 2.11% increase over the prior quarter. | 416163e9-f7fe-4a77-b47b-70e53995b656 |
710104.0 | 2012-11-20 00:00:00 UTC | Pre-Market Earnings Report for November 21, 2012 : DE, DCI, TNP | DCI | https://www.nasdaq.com/articles/pre-market-earnings-report-november-21-2012-de-dci-tnp-2012-11-20 | nan | nan | The following companies are expected to report earnings prior to market open on 11/21/2012. Visit our Earnings Calendar for a full list of expected earnings releases.
Deere & Company ( DE ) is reporting for the quarter ending October 31, 2012. The farm machinery company's consensus earnings per share forecast from the 15 analysts that follow the stock is $1.87. This value represents a 15.43% increase compared to the same quarter last year. DE missed the consensus earnings per share in the 3rd calendar quarter by -14.29%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DE is 11.11 vs. an industry ratio of 12.60.
Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending October 31, 2012. The pollution control company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.34. This value represents a -24.44% decrease compared to the same quarter last year. In the past year DCI has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2013 Price to Earnings ratio for DCI is 18.81 vs. an industry ratio of 10.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Tsakos Energy Navigation Ltd ( TNP ) is reporting for the quarter ending September 30, 2012. The shipping company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.19. This value represents a -63.46% decrease compared to the same quarter last year. TNP missed the consensus earnings per share in the 3rd calendar quarter by -23.81%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for TNP is -5.87 vs. an industry ratio of -0.30.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending October 31, 2012. In the past year DCI has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2013 Price to Earnings ratio for DCI is 18.81 vs. an industry ratio of 10.50, implying that they will have a higher earnings growth than their competitors in the same industry. | Zacks Investment Research reports that the 2013 Price to Earnings ratio for DCI is 18.81 vs. an industry ratio of 10.50, implying that they will have a higher earnings growth than their competitors in the same industry. Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending October 31, 2012. In the past year DCI has met analyst expectations twice and beat the expectations the other two quarters. | Zacks Investment Research reports that the 2013 Price to Earnings ratio for DCI is 18.81 vs. an industry ratio of 10.50, implying that they will have a higher earnings growth than their competitors in the same industry. Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending October 31, 2012. In the past year DCI has met analyst expectations twice and beat the expectations the other two quarters. | In the past year DCI has met analyst expectations twice and beat the expectations the other two quarters. Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending October 31, 2012. Zacks Investment Research reports that the 2013 Price to Earnings ratio for DCI is 18.81 vs. an industry ratio of 10.50, implying that they will have a higher earnings growth than their competitors in the same industry. | 8bc486ce-52f5-4511-9acf-f8871fdfafb9 |
710105.0 | 2012-10-30 00:00:00 UTC | Zacks #5 Rank Additions for Tuesday - Tale of the Tape | DCI | https://www.nasdaq.com/articles/zacks-5-rank-additions-for-tuesday-tale-of-the-tape-2012-10-30 | nan | nan | Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
Astec Industries, Inc. ( ASTE )
Avista Corp. ( AVA )
Cabot Microelectronics Corp. ( CCMP )
Diebold Inc. ( DBD )
Donaldson Company, Inc. ( DCI )
View the entire Zacks #5 Rank List .
ASTEC INDS INC (ASTE): Free Stock Analysis Report
AVISTA CORP (AVA): Free Stock Analysis Report
CABOT MICROELEC (CCMP): Free Stock Analysis Report
DIEBOLD INC (DBD): Free Stock Analysis Report
DONALDSON CO (DCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Astec Industries, Inc. ( ASTE ) Avista Corp. ( AVA ) Cabot Microelectronics Corp. ( CCMP ) Diebold Inc. ( DBD ) Donaldson Company, Inc. ( DCI ) View the entire Zacks #5 Rank List . ASTEC INDS INC (ASTE): Free Stock Analysis Report AVISTA CORP (AVA): Free Stock Analysis Report CABOT MICROELEC (CCMP): Free Stock Analysis Report DIEBOLD INC (DBD): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Astec Industries, Inc. ( ASTE ) Avista Corp. ( AVA ) Cabot Microelectronics Corp. ( CCMP ) Diebold Inc. ( DBD ) Donaldson Company, Inc. ( DCI ) View the entire Zacks #5 Rank List . ASTEC INDS INC (ASTE): Free Stock Analysis Report AVISTA CORP (AVA): Free Stock Analysis Report CABOT MICROELEC (CCMP): Free Stock Analysis Report DIEBOLD INC (DBD): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ASTEC INDS INC (ASTE): Free Stock Analysis Report AVISTA CORP (AVA): Free Stock Analysis Report CABOT MICROELEC (CCMP): Free Stock Analysis Report DIEBOLD INC (DBD): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Astec Industries, Inc. ( ASTE ) Avista Corp. ( AVA ) Cabot Microelectronics Corp. ( CCMP ) Diebold Inc. ( DBD ) Donaldson Company, Inc. ( DCI ) View the entire Zacks #5 Rank List . | Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Astec Industries, Inc. ( ASTE ) Avista Corp. ( AVA ) Cabot Microelectronics Corp. ( CCMP ) Diebold Inc. ( DBD ) Donaldson Company, Inc. ( DCI ) View the entire Zacks #5 Rank List . ASTEC INDS INC (ASTE): Free Stock Analysis Report AVISTA CORP (AVA): Free Stock Analysis Report CABOT MICROELEC (CCMP): Free Stock Analysis Report DIEBOLD INC (DBD): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | 2c399dd5-ca47-43df-b6cc-0eb17b0cd306 |
710106.0 | 2012-08-28 00:00:00 UTC | Company News for August 28, 2012 - Corporate Summary | DCI | https://www.nasdaq.com/articles/company-news-for-august-28-2012-corporate-summary-2012-08-28 | nan | nan | • Shares of Hudson City Bancorp, Inc. (NASDAQ: HCBK ) surged 15.7% after it concluded an agreement with M&T Bank Corporation (NYSE: MTB ) as per which it will be acquired by M&T Bank Corp. for $3.7 billion
• Seadrill Ltd. (NYSE: SDRL ) reported second quarter earnings per share of $0.88, surpassing the Zacks Consensus Estimate of $0.77
• Tiffany & Co. (NYSE: TIF ) posted second quarter earnings per share of $0.72, missing the Zacks Consensus Estimate of $0.74
• Donaldson Company, Inc. (NYSE: DCI ) reported fourth quarter earnings per share of $0.47, in line with the Zacks Consensus Estimate
DONALDSON CO (DCI): Free Stock Analysis Report
HUDSON CITY BCP (HCBK): Free Stock Analysis Report
M&T BANK CORP (MTB): Free Stock Analysis Report
SEADRILL LTD (SDRL): Free Stock Analysis Report
TIFFANY & CO (TIF): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | • Shares of Hudson City Bancorp, Inc. (NASDAQ: HCBK ) surged 15.7% after it concluded an agreement with M&T Bank Corporation (NYSE: MTB ) as per which it will be acquired by M&T Bank Corp. for $3.7 billion • Seadrill Ltd. (NYSE: SDRL ) reported second quarter earnings per share of $0.88, surpassing the Zacks Consensus Estimate of $0.77 • Tiffany & Co. (NYSE: TIF ) posted second quarter earnings per share of $0.72, missing the Zacks Consensus Estimate of $0.74 • Donaldson Company, Inc. (NYSE: DCI ) reported fourth quarter earnings per share of $0.47, in line with the Zacks Consensus Estimate DONALDSON CO (DCI): Free Stock Analysis Report HUDSON CITY BCP (HCBK): Free Stock Analysis Report M&T BANK CORP (MTB): Free Stock Analysis Report SEADRILL LTD (SDRL): Free Stock Analysis Report TIFFANY & CO (TIF): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | • Shares of Hudson City Bancorp, Inc. (NASDAQ: HCBK ) surged 15.7% after it concluded an agreement with M&T Bank Corporation (NYSE: MTB ) as per which it will be acquired by M&T Bank Corp. for $3.7 billion • Seadrill Ltd. (NYSE: SDRL ) reported second quarter earnings per share of $0.88, surpassing the Zacks Consensus Estimate of $0.77 • Tiffany & Co. (NYSE: TIF ) posted second quarter earnings per share of $0.72, missing the Zacks Consensus Estimate of $0.74 • Donaldson Company, Inc. (NYSE: DCI ) reported fourth quarter earnings per share of $0.47, in line with the Zacks Consensus Estimate DONALDSON CO (DCI): Free Stock Analysis Report HUDSON CITY BCP (HCBK): Free Stock Analysis Report M&T BANK CORP (MTB): Free Stock Analysis Report SEADRILL LTD (SDRL): Free Stock Analysis Report TIFFANY & CO (TIF): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | • Shares of Hudson City Bancorp, Inc. (NASDAQ: HCBK ) surged 15.7% after it concluded an agreement with M&T Bank Corporation (NYSE: MTB ) as per which it will be acquired by M&T Bank Corp. for $3.7 billion • Seadrill Ltd. (NYSE: SDRL ) reported second quarter earnings per share of $0.88, surpassing the Zacks Consensus Estimate of $0.77 • Tiffany & Co. (NYSE: TIF ) posted second quarter earnings per share of $0.72, missing the Zacks Consensus Estimate of $0.74 • Donaldson Company, Inc. (NYSE: DCI ) reported fourth quarter earnings per share of $0.47, in line with the Zacks Consensus Estimate DONALDSON CO (DCI): Free Stock Analysis Report HUDSON CITY BCP (HCBK): Free Stock Analysis Report M&T BANK CORP (MTB): Free Stock Analysis Report SEADRILL LTD (SDRL): Free Stock Analysis Report TIFFANY & CO (TIF): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | • Shares of Hudson City Bancorp, Inc. (NASDAQ: HCBK ) surged 15.7% after it concluded an agreement with M&T Bank Corporation (NYSE: MTB ) as per which it will be acquired by M&T Bank Corp. for $3.7 billion • Seadrill Ltd. (NYSE: SDRL ) reported second quarter earnings per share of $0.88, surpassing the Zacks Consensus Estimate of $0.77 • Tiffany & Co. (NYSE: TIF ) posted second quarter earnings per share of $0.72, missing the Zacks Consensus Estimate of $0.74 • Donaldson Company, Inc. (NYSE: DCI ) reported fourth quarter earnings per share of $0.47, in line with the Zacks Consensus Estimate DONALDSON CO (DCI): Free Stock Analysis Report HUDSON CITY BCP (HCBK): Free Stock Analysis Report M&T BANK CORP (MTB): Free Stock Analysis Report SEADRILL LTD (SDRL): Free Stock Analysis Report TIFFANY & CO (TIF): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | a0f4b608-8d1d-4324-aa7a-7e1e5ce73d8a |
710107.0 | 2012-08-24 00:00:00 UTC | Pre-Market Earnings Report for August 27, 2012 : SDRL, TIF, DCI, GAGA | DCI | https://www.nasdaq.com/articles/pre-market-earnings-report-august-27-2012-sdrl-tif-dci-gaga-2012-08-24 | nan | nan | The following companies are expected to report earnings prior to market open on 08/27/2012. Visit our Earnings Calendar for a full list of expected earnings releases.
Seadrill Limited ( SDRL ) is reporting for the quarter ending June 30, 2012. The oil & gas drilling company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.77. This value represents a 14.93% increase compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for SDRL is 12.81 vs. an industry ratio of 18.00.
Tiffany & Co. ( TIF ) is reporting for the quarter ending July 31, 2012. The jewelry retail company's consensus earnings per share forecast from the 18 analysts that follow the stock is $0.75. This value represents a -12.79% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for TIF is 16.10 vs. an industry ratio of -15.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending July 31, 2012. The pollution control company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.47. This value represents a 11.90% increase compared to the same quarter last year. In the past year DCI has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DCI is 20.32 vs. an industry ratio of 18.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Le Gaga Holdings Limited ( GAGA ) is reporting for the quarter ending June 30, 2012. The agriculture company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.13. This value represents a 8.33% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 31 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for GAGA is 6.11 vs. an industry ratio of 28.20.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending July 31, 2012. In the past year DCI has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DCI is 20.32 vs. an industry ratio of 18.10, implying that they will have a higher earnings growth than their competitors in the same industry. | Zacks Investment Research reports that the 2012 Price to Earnings ratio for DCI is 20.32 vs. an industry ratio of 18.10, implying that they will have a higher earnings growth than their competitors in the same industry. Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending July 31, 2012. In the past year DCI has met analyst expectations once and beat the expectations the other three quarters. | Zacks Investment Research reports that the 2012 Price to Earnings ratio for DCI is 20.32 vs. an industry ratio of 18.10, implying that they will have a higher earnings growth than their competitors in the same industry. Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending July 31, 2012. In the past year DCI has met analyst expectations once and beat the expectations the other three quarters. | Donaldson Company, Inc. ( DCI ) is reporting for the quarter ending July 31, 2012. In the past year DCI has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DCI is 20.32 vs. an industry ratio of 18.10, implying that they will have a higher earnings growth than their competitors in the same industry. | 0b73eaf7-ba3f-4538-bed8-15e0a90c6b6f |
710108.0 | 2012-07-19 00:00:00 UTC | Pall Corp. Maintained at Neutral - Analyst Blog | DCI | https://www.nasdaq.com/articles/pall-corp.-maintained-at-neutral-analyst-blog-2012-07-19 | nan | nan | We retain our Neutral recommendation on Pall Corp. ( PLL ). Judging by the degree of uncertainty the company still faces with regard to foreign currency fluctuation and clouded macro-economic conditions, we think it wise not to be too optimistic about its future performance even with its superior technology, reliable global distribution and notable acquisition strategy.
The company's diversified business, long-term and steady working histories with its clients and solid product lines helped it establish itself in a formidable position within the industry. Additionally, the company's remarkable financial returns provide a high competitive edge in its operating industry which includes big companies such as Casella Waste Systems Inc. ( CWST ), TRC Companies Inc. ( TRR ) and Donaldson Company, Inc. ( DCI ).
Pall derives significant amount of revenue from the emerging markets, including Latin America, MENA, China, India and Southeast Asia. Of late, the company's Aerospace segment reported sales of $163 million in the third quarter of fiscal 2012, surging 8.8% y/y, mostly driven by the soaring demand in the Asian market.
As we look ahead, the company continues to see high growth prospects in the developing economies for the quarters ahead.
Pall's game-changing technologies in areas like electronics and biotechnology are constantly supporting its businesses and setting the stage for further growth. Moreover, the global infrastructure growth, increasing demand for water filtration systems and improvement in the pharmaceutical markets are likely to augment the company's revenues in the future.
However, the scenario is not really as bright as it appears as certain issues still continue to be troublesome for the company. The company's existing ERP transition issue caused unexpected delay in the shipment of certain consumables, which in turn is adversely affecting the company's cost structure.
During the expansion of Pall's systems business, it faced considerably longer sales cycles with less predictable revenue and no certainty of future revenue streams from related consumable product offerings and services. Hence, any change in Pall's product mix and pricing is expected to negatively affect its operating results.
The company's Aerospace segment is likely to be hurt by escalating environmental regulation witnessed by the company's clients, as well as customer requirements for enhanced equipment reliability and fuel efficiency. Currently, as Pall's cost structure is subject to the ERP transition issue; the company's additional expenditure on updating its existing service offerings may appear to be expensive.
Hence, until the situation ameliorates and a brighter picture appears on the scene, we consider it wise to maintain a sideline stance on Pall Corp. In the short run, we have a Zacks #4 Rank on the stock which translates into a short-term Sell rating.
CASELLA WASTE (CWST): Free Stock Analysis Report
DONALDSON CO (DCI): Free Stock Analysis Report
PALL CORP (PLL): Free Stock Analysis Report
TRC COS (TRR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Additionally, the company's remarkable financial returns provide a high competitive edge in its operating industry which includes big companies such as Casella Waste Systems Inc. ( CWST ), TRC Companies Inc. ( TRR ) and Donaldson Company, Inc. ( DCI ). CASELLA WASTE (CWST): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report PALL CORP (PLL): Free Stock Analysis Report TRC COS (TRR): Free Stock Analysis Report To read this article on Zacks.com click here. Judging by the degree of uncertainty the company still faces with regard to foreign currency fluctuation and clouded macro-economic conditions, we think it wise not to be too optimistic about its future performance even with its superior technology, reliable global distribution and notable acquisition strategy. | Additionally, the company's remarkable financial returns provide a high competitive edge in its operating industry which includes big companies such as Casella Waste Systems Inc. ( CWST ), TRC Companies Inc. ( TRR ) and Donaldson Company, Inc. ( DCI ). CASELLA WASTE (CWST): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report PALL CORP (PLL): Free Stock Analysis Report TRC COS (TRR): Free Stock Analysis Report To read this article on Zacks.com click here. Of late, the company's Aerospace segment reported sales of $163 million in the third quarter of fiscal 2012, surging 8.8% y/y, mostly driven by the soaring demand in the Asian market. | Additionally, the company's remarkable financial returns provide a high competitive edge in its operating industry which includes big companies such as Casella Waste Systems Inc. ( CWST ), TRC Companies Inc. ( TRR ) and Donaldson Company, Inc. ( DCI ). CASELLA WASTE (CWST): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report PALL CORP (PLL): Free Stock Analysis Report TRC COS (TRR): Free Stock Analysis Report To read this article on Zacks.com click here. The company's existing ERP transition issue caused unexpected delay in the shipment of certain consumables, which in turn is adversely affecting the company's cost structure. | CASELLA WASTE (CWST): Free Stock Analysis Report DONALDSON CO (DCI): Free Stock Analysis Report PALL CORP (PLL): Free Stock Analysis Report TRC COS (TRR): Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, the company's remarkable financial returns provide a high competitive edge in its operating industry which includes big companies such as Casella Waste Systems Inc. ( CWST ), TRC Companies Inc. ( TRR ) and Donaldson Company, Inc. ( DCI ). Of late, the company's Aerospace segment reported sales of $163 million in the third quarter of fiscal 2012, surging 8.8% y/y, mostly driven by the soaring demand in the Asian market. | 93c01998-1eb5-40ec-bacb-1a9cad408cb2 |
710109.0 | 2012-07-07 00:00:00 UTC | Weekly Guru Bargains Highlights: DCI, ANF, FWLT, JNPR, CRR | DCI | https://www.nasdaq.com/articles/weekly-guru-bargains-highlights-dci-anf-fwlt-jnpr-crr-2012-07-07 | nan | nan | According to GuruFocus updates , these stocks have declined the most since Gurus have bought.
Donaldson Company, Inc. ( DCI ): Down 49% Since Columbia Wanger Bought In the Quarter Ended on 2012-03-31
Columbia Wanger added to his holdings in Waste & Disposal Services company Donaldson Company, Inc. by 96.64% during the quarter ended 03/31/2012. His purchase prices were between $35.53 and $77.38, with an estimated average price of $64.64. Since then the prices of Donaldson Company, Inc. shares have declined by -49% from the estimated average. Columbia Wanger owned 12,277,300 shares of as of 03/31/2012.
Donaldson Company, Inc. is a worldwide manufacturer of air cleaners, liquid filters and exhaust products and accessories for heavy duty mobile equipment; in-plant air cleaning systems; air intake systems and exhaust products for industrial gas turbines; and specialized filters for diverse applications. Donaldson Company, Inc. has a market cap of $4.97 billion; its shares were traded at around $33.11 with a P/E ratio of 19.9 and P/S ratio of 2.2. The dividend yield of Donaldson Company, Inc. stocks is 1.1%. Donaldson Company, Inc. had an annual average earnings growth of 10.8% over the past 10 years. GuruFocus rated Donaldson Company, Inc. the business predictability rank of 4-star.
Donaldson Company recently reported that its Board of Directors has increased the quarterly common stock cash dividend by 12.5 percent, from 8 cents per share to 9 cents per share. Donaldson had previously increased its dividend in January, bringing the total increase so far in 2012 to 20 percent.
PRIMECAP Management owns 3,240,400 shares as of 03/31/2012, an increase of 100% from the previous quarter. This position accounts for 0.17% of the $67.24 billion portfolio of PRIMECAP Management. Mario Gabelli owns 2,432,612 shares as of 03/31/2012, an increase of 99.03% from the previous quarter. This position accounts for 0.62% of the $13.95 billion portfolio of GAMCO Investors.
Vice President Wim Vermeersch bought 2,000 shares of DCI stock on 06/25/2012 at the average price of 32.1. Wim Vermeersch owns at least 6,406 shares after this. The price of the stock has increased by 3.15% since. Other insiders have decreased their positions in the company.
Abercrombie & Fitch Co. ( ANF ): Down 24% Since Jim Simons Bought In the Quarter Ended on 2012-03-31
Jim Simons initiated holdings in Apparel Retailers company Abercrombie & Fitch Co. during the quarter ended 03/31/2012. His purchase prices were between $40.4 and $53.53, with an estimated average price of $44.12. Since then the prices of Abercrombie & Fitch Co. shares have declined by -24% from the estimated average. Jim Simons owned 538,800 shares of as of 03/31/2012.
Abercrombie & Fitch Co. is principally engaged in the purchase, distribution and sale of men's, women's and kids' casual apparel. Abercrombie & Fitch Co. has a market cap of $2.89 billion; its shares were traded at around $33.54 with a P/E ratio of 16.5 and P/S ratio of 0.7. The dividend yield of Abercrombie & Fitch Co. stocks is 2.1%. Abercrombie & Fitch Co. had an annual average earnings growth of 2.7% over the past 10 years.
Abercrombie and Fitch recently reported unaudited results which reflected net income of $3.0 million and net income per diluted share of $0.03 for the thirteen weeks ended April 28, 2012, compared to net income of $25.1 million and net income per diluted share of $0.28 for the thirteen weeks ended April 30, 2011.
Daniel Loeb bought 1,850,000 shares in the quarter that ended on 03/31/2012, which is 2.3% of the $4.06 billion portfolio of Third Point, LLC. Ray Dalio owns 9,915 shares as of 03/31/2012, a decrease of 87.27% of from the previous quarter. This position accounts for 0.0077% of the $6.43 billion portfolio of Bridgewater Associates.
Director Craig R Stapleton bought 10,000 shares of ANF stock on 05/22/2012 at the average price of 35.43. Craig R Stapleton owns at least 17,398 shares after this. The price of the stock has decreased by 5.33% since.
Foster Wheeler AG ( FWLT ): Down 23% Since Steven Cohen Bought In the Quarter Ended on 2012-03-31
Steven Cohen added to his holdings in Heavy Construction company Foster Wheeler Ag by 2290.1% during the quarter ended 03/31/2012. His purchase prices were between $19.47 and $25.67, with an estimated average price of $21.57. Since then the prices of Foster Wheeler AG shares have declined by -23% from the estimated average. Steven Cohen owned 652,283 shares of as of 03/31/2012.
Foster Wheeler AG, formerly Foster Wheeler Limited, along with its subsidiaries provide construction and engineering services to the oil and gas, oil refining, chemical/petrochemical, pharmaceutical, environmental, and power plant operation and maintenance sectors worldwide. Foster Wheeler Ag has a market cap of $1.86 billion; its shares were traded at around $16.67 with a P/E ratio of 10.5 and P/S ratio of 0.4.
Foster Wheeler recently reported net income for the first quarter of 2012 of $40.6 million, or $0.38 per diluted share, compared with $23.0 million, or $0.18 per diluted share, in the first quarter of 2011. Net income in both quarterly periods was impacted by asbestos-related provisions as detailed in the attached table. Excluding such items from both quarterly periods, net income in the first quarter of 2012 was $42.6 million, or $0.40 per diluted share, compared with $23.4 million, or $0.19 per diluted share, in the year-ago quarter.
John Keeley owns 61,601 shares as of 03/31/2012, a decrease of 63.15% of from the previous quarter. This position accounts for 0.028% of the $4.94 billion portfolio of Keeley Fund Management. Joel Greenblatt sold out his holdings in the quarter that ended on 03/31/2012.
CEO FW Global Power Group Gary T Nedelka sold 1,042 shares of FWLT stock on 03/08/2012 at the average price of 23.17. Gary T Nedelka owns at least 10,324 shares after this. The price of the stock has decreased by 28.05% since. Other insiders have also decreased their positions in the company.
Juniper Networks, Inc. ( JNPR ): Down 25% Since Manning & Napier Advisors, Inc Bought In the Quarter Ended on 2012-03-31
Manning & Napier Advisors, Inc initiated holdings in Telecommunications Equipment company Juniper Networks, Inc. during the quarter ended 03/31/2012. His purchase prices were between $20.43 and $24.2, with an estimated average price of $20.81. Since then the prices of Juniper Networks, Inc. shares have declined by -25% from the estimated average. Manning & Napier Advisors, Inc owned 13,778,802 shares of as of 03/31/2012.
Juniper Networks Inc. is a provider of Internet infrastructure solutions that enable Internet service providers and other telecommunications service providers to meet the demands resulting from the rapid growth of the Internet. Juniper Networks, Inc. has a market cap of $8.64 billion; its shares were traded at around $15.57 with a P/E ratio of 23.6 and P/S ratio of 1.9. Juniper Networks, Inc. had an annual average earnings growth of 8.7% over the past 5 years.
Juniper recently reported its first quarter 2012 financial results. Net revenues for the first quarter of 2012 decreased 6% on a year-over-year basis, and decreased 8% sequentially, to $1,032.5 million.
Director William Stensrud sold 10,000 shares of JNPR stock on 05/31/2012 at the average price of 17.26. William Stensrud owns at least 366,867 shares after this. The price of the stock has decreased by 9.79% since.
CARBO Ceramics Inc. ( CRR ): Down 22% Since Tom Gayner Bought In the Quarter Ended on 2012-03-31
Tom Gayner initiated holdings in Oil Equipment & Services company Carbo Ceramics Inc. during the quarter ended 03/31/2012. His purchase prices were between $85.94 and $133.99, with an estimated average price of $96.81. Since then the prices of CARBO Ceramics Inc. shares have declined by -22% from the estimated average. Tom Gayner owned 44,000 shares of as of 03/31/2012.
CARBO Ceramics Inc. is the world's largest producer and supplier of ceramicproppants for use in the hydraulic fracturing of natural gas and oil wells. Carbo Ceramics Inc. has a market cap of $1.77 billion; its shares were traded at around $75.29 with a P/E ratio of 13.7 and P/S ratio of 2.8. The dividend yield of Carbo Ceramics Inc. stocks is 1.3%. Carbo Ceramics Inc. had an annual average earnings growth of 15.6% over the past 10 years. GuruFocus rated Carbo Ceramics Inc. the business predictability rank of 5-star.
CARBO Ceramics recently announced its first quarter 2012 financial results. The company reported net income of $30.3 million, or $1.31 per diluted share, on revenues of $163.2 million for the quarter ended March 31, 2012.
Lee Ainslie bought 305,223 shares in the quarter that ended on 03/31/2012, which is 0.46% of the $6.95 billion portfolio of Maverick Capital. Tom Gayner bought 44,000 shares in the quarter that ended on 03/31/2012, which is 0.21% of the $2.17 billion portfolio of Markel Gayner Asset Management Corp.
Director Randy L Limbacher bought 2,000 shares of CRR stock on 02/27/2012 at the average price of 95.02. Randy L Limbacher owns at least 7,442 shares after this. The price of the stock has decreased by 20.76% since.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. ( DCI ): Down 49% Since Columbia Wanger Bought In the Quarter Ended on 2012-03-31 Columbia Wanger added to his holdings in Waste & Disposal Services company Donaldson Company, Inc. by 96.64% during the quarter ended 03/31/2012. Vice President Wim Vermeersch bought 2,000 shares of DCI stock on 06/25/2012 at the average price of 32.1. Abercrombie & Fitch Co. is principally engaged in the purchase, distribution and sale of men's, women's and kids' casual apparel. | Donaldson Company, Inc. ( DCI ): Down 49% Since Columbia Wanger Bought In the Quarter Ended on 2012-03-31 Columbia Wanger added to his holdings in Waste & Disposal Services company Donaldson Company, Inc. by 96.64% during the quarter ended 03/31/2012. Vice President Wim Vermeersch bought 2,000 shares of DCI stock on 06/25/2012 at the average price of 32.1. Abercrombie and Fitch recently reported unaudited results which reflected net income of $3.0 million and net income per diluted share of $0.03 for the thirteen weeks ended April 28, 2012, compared to net income of $25.1 million and net income per diluted share of $0.28 for the thirteen weeks ended April 30, 2011. | Donaldson Company, Inc. ( DCI ): Down 49% Since Columbia Wanger Bought In the Quarter Ended on 2012-03-31 Columbia Wanger added to his holdings in Waste & Disposal Services company Donaldson Company, Inc. by 96.64% during the quarter ended 03/31/2012. Vice President Wim Vermeersch bought 2,000 shares of DCI stock on 06/25/2012 at the average price of 32.1. Abercrombie and Fitch recently reported unaudited results which reflected net income of $3.0 million and net income per diluted share of $0.03 for the thirteen weeks ended April 28, 2012, compared to net income of $25.1 million and net income per diluted share of $0.28 for the thirteen weeks ended April 30, 2011. | Donaldson Company, Inc. ( DCI ): Down 49% Since Columbia Wanger Bought In the Quarter Ended on 2012-03-31 Columbia Wanger added to his holdings in Waste & Disposal Services company Donaldson Company, Inc. by 96.64% during the quarter ended 03/31/2012. Vice President Wim Vermeersch bought 2,000 shares of DCI stock on 06/25/2012 at the average price of 32.1. The price of the stock has decreased by 5.33% since. | b886642e-d281-4676-bdd7-f9500b0c5e79 |
710110.0 | 2012-07-02 00:00:00 UTC | Weekly Top Insider Buys: SLB, APA, CHK, DCI, BGC | DCI | https://www.nasdaq.com/articles/weekly-top-insider-buys-slb-apa-chk-dci-bgc-2012-07-02 | nan | nan | According to GuruFocus Insider Data , these are the largest insider buys during the past week: Schlumberger Limited ( SLB ), Apache Corporation ( APA ), Chesapeake Energy Corporation ( CHK ), Donaldson Company Inc. ( DCI ) and BGC Partners Inc. ( BGC ).
The overall trend of insiders is illustrated in the chart below:
Schlumberger Limited ( SLB ): Director Peter L. S. Currie Bought 5,000 Shares
Director of Schlumberger Limited Peter L. S. Currie bought 5,000 shares on 06/26/2012 at an average price of $64.91. Schlumberger Limited is a global technology services company consisting of two business segments, Schlumberger Oilfield Services and SchlumbergerSema. Schlumberger Limited. has a market cap of $86.56 billion; its shares were traded at around $64.91 with a P/E ratio of 16.47 and P/S ratio of 2.19. The dividend yield of Schlumberger Limited. stocks is 1.69%. Schlumberger Limited had an annual average earnings growth of 1.9% over the past five years.
On April 20, Schlumberger Limited reported first-quarter 2012 revenue of $10.61 billion versus $10.97 billion in the fourth quarter of 2011, and $8.72 billion in the first quarter of 2011. Net income attributable to Schlumberger, excluding charges and credits, was $1.31 billion - a decrease of 12% sequentially but an increase of 35% year-on-year. Diluted earnings-per-share, excluding charges and credits, was $0.98 versus $1.11 in the previous quarter, and $0.71 in the first quarter of 2011. Schlumberger recorded charges of $0.01 per share in the first quarter of 2012 versus $0.06 per share in the previous quarter, and $0.02 per share in the first quarter of 2011.
Last week, Director Peter L. S. Currie bought 5,000 shares of SLB stock. Vice President Doug Pferdehirt sold 8,000 shares in March. Vice President Satish Pai and Director Andrew Gould sold shares in February.
Apache Corporation ( APA ): Director Charles J. Pitman Bought 1,100 Shares
Director of Apache Corporation Charles J. Pitman bought 1,100 shares on 6/26/2012 at an average price of $87.83. Apache Corporation is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. Apache Corporation has a market cap of $34.35 billion; its shares were traded at around $87.83 with a P/E ratio of 7.26 and P/S ratio of 2.03. The dividend yield of Apache Corporation stocks is 0.77%. Apache Corporation had an annual average earnings growth of 15.3% over the past 10 years. GuruFocus rated Apache Corporation the business predictability rank of 2.5-star.
On May 3, Apache Corporation reported record worldwide production in the first-quarter of 2012 as the company benefitted from higher prices for oil and natural gas liquids and its balanced approach helped it weather the continuing deterioration of North American natural gas prices. Daily production increased 7 percent over the same period the prior year, adjusted for dispositions. Worldwide production was 769,000 barrels of oil equivalent (boe) per day, compared with 732,000 boe per day the same period the year before. Last year's total included 11,000 boe per day from certain assets in Canada and East Texas that were sold in the second half of 2011.
Last week, Director Charles J. Pitman bought 1,100 shares of APA stock. Senior Vice President Janine J. Mcardle sold 1,568 shares in March. President and Roger B. Plank, Exec. Vice President W Kregg Olson, and Corporate Secretary Cheri L. Peper sold shares in February. Chairman and CEO G. Steven Farris sold 7,000 shares in January.
Chesapeake Energy Corporation ( CHK ): Director Merrill A. Miller Jr. Bought 27,700 Shares
Director of Chesapeake Energy Corporation Merrill A. Miller Jr. bought 27,700 shares on 6/27/2012 at an average price of $18.63. Chesapeake Energy Corp. is an independent oil and gas company engaged in the development, exploration, acquisition and production of onshore natural gas and oil reserves. Chesapeake Energy Corporation has a market cap of $12.32 billion; its shares were traded at around $18.63 with a P/E ratio of 8.3 and P/S ratio of 1.06. The dividend yield of Chesapeake Energy Corporation stocks is 1.88%. Chesapeake Energy Corporation had an annual average earnings growth of 8% over the past 10 years.
On May 8, Chesapeake Midstream Partners LP announced financial results for the 2012 first quarter. The partnership's 2012 first quarter net income totaled $52.4 million, an increase of $13.6 million, or 35.1%, from the 2011 first quarter. Adjusted EBITDA for the 2012 first quarter was $118.4 million, up $46.3 million, or 64.2%, from 2011 first quarter adjusted EBITDA of $72.1 million. Revenue for the 2012 first quarter was $154.7 million, an increase of $31.2 million, or 25.3%, compared to 2011 first quarter revenue of $123.5 million.
This month, Director R. Brad Martin, Director Merrill A. Miller Jr. and Executive Vice President Operations and COO Steven C. Dixon bought shares of CHK stock.
Donaldson Company Inc. ( DCI ): Vice President Wim Vermeersch Bought 2,000 Shares
Vice President of Donaldson Company Inc. Wim Vermeersch bought 2,000 shares on 06/25/2012 at an average price of $33.36. Donaldson Company Inc. is a worldwide manufacturer of air cleaners, liquid filters and exhaust products and accessories for heavy duty mobile equipment; in-plant air cleaning systems; air intake systems and exhaust products for industrial gas turbines; and specialized filters for diverse applications. Donaldson Company, Inc. has a market cap of $4.97 billion; its shares were traded at around $33.36 with a P/E ratio of 19.86 and P/S ratio of 2.17. The dividend yield of Donaldson Company, Inc. stocks is 1.08%. Donaldson Company, Inc. had an annual average earnings growth of 10.8% over the past 10 years. GuruFocus rated Donaldson Company Inc. the business predictability rank of 4-star.
On May 18, Donald Company Inc. reported results for the third fiscal quarter of 2012. The impact of foreign currency translation decreased sales by $11.6 million, or 2.0 percent, during the third quarter and decreased sales by $2.4 million, or 0.1 percent, year-to-date, compared to the same periods last year. The impact of foreign currency translation decreased reported net earnings by $0.9 million, or 1.5 percent, during the third quarter and decreased reported net earnings by $0.2 million, or 0.1 percent, for the year. Gross margin was 35.3 percent for the quarter and 35.1 percent year-to-date, compared to prior year margins of 35.2 percent for the quarter and year-to-date.
Last week, Vice President Wim Vermeersch bought 2,000 shares of DCI stock. Director Jack W. Eugster and Director John F. Grundhofer sold shares in March. Director Jeffrey Noddle sold 6,730 shares in February. Vice President David W. Timm sold 6,000 shares in January.
BGC Partners Inc. ( BGCP ): Director Albert M. Weis Bought 10,000 Shares
Director of BGC Partners Inc. ( BGCP ) Albert M. Weis bought 10,000 shares on 06/28/2012 at an average price of $5.87. BGC Partners Inc. is a global full-service inter-dealer broker, specializing in the trading of financial instruments and related derivatives products. BGC Partners Inc. has a market cap of $818.45 million; its shares were traded at around $5.87 with a P/E ratio of 7.72 and P/S ratio of 0.56. The dividend yield of BGC Partners Inc. stocks is 11.58%. BGC Partners Inc. had an annual average earnings growth of 6.3% over the past 10 years.
On May 3, BGC Partners Inc. reported its financial results for the quarter ended March 31, 2012. Revenues grew by 10.5 percent to $403.9 million, compared with $365.5 million. GAAP income from operations before income taxes was $18.9 million, down 22.9 percent compared with $24.5 million. GAAP net income for fully diluted shares was $15.8 million or $0.06 per share, down 24.2 percent compared with $20.8 million or $0.09 per share.
Last week, Director Albert M. Weis bought 10,000 shares of BGCP stock. Director Barry R. Sloane sold 2,928 shares in January.
For the complete list of stocks that bought by their company executives, go to: Insider Buys.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | According to GuruFocus Insider Data , these are the largest insider buys during the past week: Schlumberger Limited ( SLB ), Apache Corporation ( APA ), Chesapeake Energy Corporation ( CHK ), Donaldson Company Inc. ( DCI ) and BGC Partners Inc. ( BGC ). Donaldson Company Inc. ( DCI ): Vice President Wim Vermeersch Bought 2,000 Shares Vice President of Donaldson Company Inc. Wim Vermeersch bought 2,000 shares on 06/25/2012 at an average price of $33.36. Last week, Vice President Wim Vermeersch bought 2,000 shares of DCI stock. | According to GuruFocus Insider Data , these are the largest insider buys during the past week: Schlumberger Limited ( SLB ), Apache Corporation ( APA ), Chesapeake Energy Corporation ( CHK ), Donaldson Company Inc. ( DCI ) and BGC Partners Inc. ( BGC ). Donaldson Company Inc. ( DCI ): Vice President Wim Vermeersch Bought 2,000 Shares Vice President of Donaldson Company Inc. Wim Vermeersch bought 2,000 shares on 06/25/2012 at an average price of $33.36. Last week, Vice President Wim Vermeersch bought 2,000 shares of DCI stock. | Donaldson Company Inc. ( DCI ): Vice President Wim Vermeersch Bought 2,000 Shares Vice President of Donaldson Company Inc. Wim Vermeersch bought 2,000 shares on 06/25/2012 at an average price of $33.36. According to GuruFocus Insider Data , these are the largest insider buys during the past week: Schlumberger Limited ( SLB ), Apache Corporation ( APA ), Chesapeake Energy Corporation ( CHK ), Donaldson Company Inc. ( DCI ) and BGC Partners Inc. ( BGC ). Last week, Vice President Wim Vermeersch bought 2,000 shares of DCI stock. | According to GuruFocus Insider Data , these are the largest insider buys during the past week: Schlumberger Limited ( SLB ), Apache Corporation ( APA ), Chesapeake Energy Corporation ( CHK ), Donaldson Company Inc. ( DCI ) and BGC Partners Inc. ( BGC ). Donaldson Company Inc. ( DCI ): Vice President Wim Vermeersch Bought 2,000 Shares Vice President of Donaldson Company Inc. Wim Vermeersch bought 2,000 shares on 06/25/2012 at an average price of $33.36. Last week, Vice President Wim Vermeersch bought 2,000 shares of DCI stock. | 5a0fd577-af7c-4213-8db0-e368a38c4bf3 |
710111.0 | 2011-05-24 00:00:00 UTC | Saputo Shr Price Melting A Little as Credit Suisse Initiates Coverage With Outperform | DCI | https://www.nasdaq.com/articles/saputo-shr-price-melting-little-credit-suisse-initiates-coverage-outperform-2011-05-24 | nan | nan | Credit Suisse has initiated coverage on Saputo Inc. (SAP.TO), which is down 17 cents at $46.81, with an Outperform and $55 target price.
Canadian Cash Cow Prudently Reinvested: "By leveraging its strong, stable base of operations in Canada, Saputo reinvests its excess cash flow into higher-growth markets, primarily in the United States."
Gaining Market Share in U.S. Natural Cheese: "Saputo's double-digit US cheese volumes growth has exceeded the low-single-digit growth in the industry. We see continued momentum. The recent DCI Cheese Company, Inc., ( DCI ) acquisition provides a boost in U.S. specialty cheese sales and should allow Saputo to grow its U.S. cheese sales by ~29% in fiscal 2012. We forecast ~14% U.S. revenue growth in fiscal 2013 as Saputo continues to capitalize on organic/nonorganic growth opportunities. The acquisition and consolidation of volumes has been a typical modus operandi, but the latest U.S. acquisition in DCI is different. Rather than cost synergies, we believe DCI is more about trying to gain revenue synergies with low integration risk. DCI provides Saputo upside into a new customer channel, U.S. club stores."
Dividend Growth: "Saputo generates strong free cash flows and current net debt/LTM EBITDA at 0.6x pro forma DCI is still under levered. We also forecast the current dividend to grow from C$0.64/share to C$0.74 in fiscal 2012 and C$0.85 in fiscal 2013. Saputo has no explicit dividend policy, but targets a dividend yield of 1.8-2.0%."
Valuation: "Our C$55 target price is the average of our SOTP and DCF calculations. In our SOTP, we use a weighted average EBITDA multiple of 12.4 times our fiscal 2012 EBITDA estimate. In our DCF, we use a 7.5% discount rate and 2.5% terminal growth rate."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Dividend Growth: "Saputo generates strong free cash flows and current net debt/LTM EBITDA at 0.6x pro forma DCI is still under levered. The recent DCI Cheese Company, Inc., ( DCI ) acquisition provides a boost in U.S. specialty cheese sales and should allow Saputo to grow its U.S. cheese sales by ~29% in fiscal 2012. The acquisition and consolidation of volumes has been a typical modus operandi, but the latest U.S. acquisition in DCI is different. | Dividend Growth: "Saputo generates strong free cash flows and current net debt/LTM EBITDA at 0.6x pro forma DCI is still under levered. The recent DCI Cheese Company, Inc., ( DCI ) acquisition provides a boost in U.S. specialty cheese sales and should allow Saputo to grow its U.S. cheese sales by ~29% in fiscal 2012. The acquisition and consolidation of volumes has been a typical modus operandi, but the latest U.S. acquisition in DCI is different. | The recent DCI Cheese Company, Inc., ( DCI ) acquisition provides a boost in U.S. specialty cheese sales and should allow Saputo to grow its U.S. cheese sales by ~29% in fiscal 2012. Dividend Growth: "Saputo generates strong free cash flows and current net debt/LTM EBITDA at 0.6x pro forma DCI is still under levered. The acquisition and consolidation of volumes has been a typical modus operandi, but the latest U.S. acquisition in DCI is different. | Dividend Growth: "Saputo generates strong free cash flows and current net debt/LTM EBITDA at 0.6x pro forma DCI is still under levered. The recent DCI Cheese Company, Inc., ( DCI ) acquisition provides a boost in U.S. specialty cheese sales and should allow Saputo to grow its U.S. cheese sales by ~29% in fiscal 2012. The acquisition and consolidation of volumes has been a typical modus operandi, but the latest U.S. acquisition in DCI is different. | ad22d222-7dc2-4788-b579-32287a4bb56d |
710112.0 | 2011-05-20 00:00:00 UTC | Opening View: Stocks Look South, But May Options Expiration Could Mean a Roller-Coaster Session | DCI | https://www.nasdaq.com/articles/opening-view-stocks-look-south-may-options-expiration-could-mean-roller-coaster-session | nan | nan | Stocks are pointed lower ahead of the bell this morning, with the major market indexes set to snap their two-session winning streak. Weighing on pre-market sentiment is the latest batch of earnings reports, with retailers Aeropostale ( ARO ) and Gap Inc. (GPS) both missing the proverbial mark. However, as we noted in this week's edition of Monday Morning Outlook , May options expiration week is notoriously unpredictable. That, combined with a lack of economic fodder to provide a compass for investors, could mean the session is still anybody's game. At last check, the Dow Jones Industrial Average (DJIA ) is trading about 32 points south of fair value, while the broader S&P 500 Index (SPX ) is headed for a 4.5-point drop out of the gate.
In equities news, BP plc (BP - 43.89) is headed about 2.5% higher ahead of the bell, after one of the British oil giant's partners agreed to contribute to the cost of the Deepwater Horizon disaster. Specifically, MOEX USA Corp. -- a co-owner of the Macondo oil well in the Gulf of Mexico -- said it will pay more than $1.07 billion to settle claims. The payment will be applied to the $20 billion trust established last year to pay spill-related claims, Dow Jones reported.
On the earnings front, Aeropostale (ARO - 21.34) said first-quarter profit fell a year-over-year 64% to $16.4 million, or 20 cents per share, in line with the consensus estimate on the Street. However, sales increased 1% to $469.2 million, falling short of analysts' expectations for net revenue of $478 million. "Based on current business trends and uncertainty surrounding the retail environment in the back-half of the year," ARO declined to reiterate or update its full-year guidance, but said it expects second-quarter earnings of 11 cents to 16 cents per share -- lagging analysts' forecast for earnings of 27 cents per share. At last check, ARO is poised to sink about 10% at the open.
Meanwhile, fellow retailer Gap Inc. (GPS - 23.29) earned $233 million, or 40 cents per share, in its first quarter, marking a year-over-year drop of 23%. Meanwhile, net sales for the quarter docked at $3.3 billion, surpassing the Street's prediction for revenue of $3.26 billion. However, thanks to escalating cotton prices and production costs, the firm slashed its full-year profit outlook to a range of $1.40 to $1.50 per share, from its previous guidance for per-share earnings of $1.88 to $1.93. In pre-market trading, GPS is down roughly 16%.
Elsewhere, Intuit Inc. (INTU - 55.90) said fiscal third-quarter net income rose to $688 million, or $2.20 per share, from $576 million, or $1.89 per share, in the year-ago quarter. Excluding items, INTU earned $2.33 per share, besting analysts' consensus estimate for adjusted earnings of $2.27 per share. Revenue jumped 12% to $1.84 billion, roughly in line with expectations for sales of $1.82 billion. For the current quarter, the firm expects its bottom line to range from a 2-cent loss to a 2-cent profit on sales of $567 million to $587 million, compared to the Street's forecast for a loss of a penny per share on revenue of $587 million. However, INTU upped its fiscal-year guidance to a range of $2.45 to $2.50 per share on sales of $3.83 billion to $3.85 billion, from its previous expectations for earnings of $2.41 to $2.48 per share on revenue of $3.74 billion to $3.84 billion. At last check, INTU is set to surrender about 2.5%.
Finally, Liberty Media Corp. offered $1.02 billion to purchase struggling Barnes & Noble (BKS - 14.11). The offer, which includes the assumption of $450 million in debt, translates to about $17 per share -- a premium of 20% to BKS' closing price of $14.11 on Thursday. Ahead of the bell, BKS has skyrocketed more than 27% to hover just shy of the $18 level.
Earnings Preview
Today's earnings docket will feature reports from Ann Inc. ( ANN ), Camelot Information Systems ( CIS ), Donaldson ( DCI ), E Commerce China Dangdang ( DANG ), and Yingli Green Energy (YGE), just to name a few. Keep your browser at SchaeffersResearch.com for more news as it breaks.
Economic Calendar
There are no notable economic reports scheduled for release today.
Market Statistics
Equity option activity on the Chicago Board Options Exchange (CBOE) saw 1,051,710 call contracts traded on Thursday, compared to 748,618 put contracts. The resultant single-session put/call ratio docked at 0.71, while the 21-day moving average inched higher to 0.64.
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Overseas Trading
Stocks in Asia ended mixed today, as weak U.S. economic data kept many traders on the sidelines. Traders in Japan seemed unsurprised by the central bank's decision to keep interest rates unchanged, but uncertainty over a possible government breakup of utilities weighed on stocks -- even though sector black sheep Tokyo Electric Power gained ground ahead of its quarterly earnings release. However, the well-received initial public offering of LinkedIn (LNKD) provided a halo boost for Internet stocks in the region, while equities in South Korea bounced back from the previous day's drubbing. By the close, South Korea's Kospi added 0.8%, and the Hong Kong Hang Seng tacked on 0.2%. On the other hand, China's Shanghai Composite dipped 0.04%, and Japan's Nikkei gave up 0.1%.
European shares are also searching for direction at midday. Energy stocks are rising in step with rebounding crude prices, and BP is in focus after its Macondo well partner, MOEX, agreed to chip in toward the cost of last year's catastrophic oil spill. Banking stocks are also on the upswing, with Standard Chartered leading the way after an upgrade to "buy" at UBS. Familiar financial worries continue to lurk in the background, though, with The Wall Street Journal warning that this weekend's elections in Spain could lead to the discovery of "piles of 'hidden debt.'" At last look, the German DAX is down 0.5%, the French CAC 40 is off 0.2%, and London's FTSE 100 is up almost 0.2%.
Currencies and Commodities
The greenback is trading higher this morning, with the U.S. dollar index up almost 0.3% at last check. Elsewhere, black gold has bounced back, though the front-month contract is still trading shy of the century mark. At last check, June-dated crude futures are up $0.07, or about 0.1%, to flirt with $99 per barrel. Meanwhile, gold futures have erased yesterday's slide, with the front-month contract up $4, or roughly 0.3%, at $1,496.40 an ounce.
Unusual Put and Call Activity:
For an explanation of how to use this information, check out our Education Center topics on Option Volume and Open Interest Configurations .
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All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Earnings Preview Today's earnings docket will feature reports from Ann Inc. ( ANN ), Camelot Information Systems ( CIS ), Donaldson ( DCI ), E Commerce China Dangdang ( DANG ), and Yingli Green Energy (YGE), just to name a few. Traders in Japan seemed unsurprised by the central bank's decision to keep interest rates unchanged, but uncertainty over a possible government breakup of utilities weighed on stocks -- even though sector black sheep Tokyo Electric Power gained ground ahead of its quarterly earnings release. However, the well-received initial public offering of LinkedIn (LNKD) provided a halo boost for Internet stocks in the region, while equities in South Korea bounced back from the previous day's drubbing. | Earnings Preview Today's earnings docket will feature reports from Ann Inc. ( ANN ), Camelot Information Systems ( CIS ), Donaldson ( DCI ), E Commerce China Dangdang ( DANG ), and Yingli Green Energy (YGE), just to name a few. "Based on current business trends and uncertainty surrounding the retail environment in the back-half of the year," ARO declined to reiterate or update its full-year guidance, but said it expects second-quarter earnings of 11 cents to 16 cents per share -- lagging analysts' forecast for earnings of 27 cents per share. Meanwhile, fellow retailer Gap Inc. (GPS - 23.29) earned $233 million, or 40 cents per share, in its first quarter, marking a year-over-year drop of 23%. | Earnings Preview Today's earnings docket will feature reports from Ann Inc. ( ANN ), Camelot Information Systems ( CIS ), Donaldson ( DCI ), E Commerce China Dangdang ( DANG ), and Yingli Green Energy (YGE), just to name a few. "Based on current business trends and uncertainty surrounding the retail environment in the back-half of the year," ARO declined to reiterate or update its full-year guidance, but said it expects second-quarter earnings of 11 cents to 16 cents per share -- lagging analysts' forecast for earnings of 27 cents per share. For the current quarter, the firm expects its bottom line to range from a 2-cent loss to a 2-cent profit on sales of $567 million to $587 million, compared to the Street's forecast for a loss of a penny per share on revenue of $587 million. | Earnings Preview Today's earnings docket will feature reports from Ann Inc. ( ANN ), Camelot Information Systems ( CIS ), Donaldson ( DCI ), E Commerce China Dangdang ( DANG ), and Yingli Green Energy (YGE), just to name a few. Revenue jumped 12% to $1.84 billion, roughly in line with expectations for sales of $1.82 billion. For the current quarter, the firm expects its bottom line to range from a 2-cent loss to a 2-cent profit on sales of $567 million to $587 million, compared to the Street's forecast for a loss of a penny per share on revenue of $587 million. | 77373255-2ff5-4b19-a026-4b1eeb1d2d5e |
710113.0 | 2010-08-31 00:00:00 UTC | Call Traders Bet on Strong Earnings from Donaldson Company | DCI | https://www.nasdaq.com/articles/call-traders-bet-strong-earnings-donaldson-company-2010-08-31 | nan | nan | Donaldson Company Inc. ( DCI ) announced after the close on Monday that its fiscal fourth-quarter profit surged on higher worldwide sales and improving margins.
DCI earnings rolled in at $51.2 million, or 65 cents per share, up from $23.6 million, or 30 cents per share, a year earlier. Wall Street expected 64 cents. Revenue jumped 22% to $515.2 million, above the $470 million to $500 million projected by the company in May. Gross margin widened to 36.3% from 32.8%.
"Our overall sales improvement was truly global as local currency sales increased 28% in the Americas, 25% in Europe, 18% in Asia and 8% in South Africa," said Chairman and Chief Executive Bill Cook.
The company said its sales have benefited from the improving economy, new products, and growth in emerging markets, while its cost-cutting and restructuring measures have positioned it well for the future. In fact, the firm has raised its quarterly dividend twice this year.
For the new year, the company sees earnings of $2.28 to $2.48 per share on revenue of about $2 billion. Analysts expected $2.45 and $2.06 billion, respectively.
Heading into the earnings report, options players jumped on the stock's calls. During the past 10 trading sessions, 6.8 calls have been purchased to open on the International Securities Exchange (ISE) for every one put purchased to open. This ratio of calls to puts is higher than 98% of all those taken during the past year. In other words, options players have rarely snatched up more calls than puts during the past year.
Meanwhile, sentiment is far from an optimistic extreme. The Schaeffer's put/call open interest ratio for DCI comes in at 0.99, as put open interest nearly equals call open interest among options slated to expire in less than three months. This ratio of puts to calls is higher than 87% of all those taken during the past year, indicating that traders have been more pessimistically aligned toward the shares only 13% of the time during the past 12 months.
Elsewhere, we find that Wall Street is still giving the security a relatively cold shoulder. According to Zacks , the equity has earned five "buy" ratings, seven "holds," and one "sell" rating. While this leaves ample room for potential upgrades, analysts might be hesitant to jump on the security considering that its revenue outlook came in slightly below expectations.
Technically speaking, the stock is sitting on a gain of nearly 1% for the year. The equity has stair-stepped higher along the support of its rising 10-month moving average since May 2009, but has recently stalled along support in the 41-42 region.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company Inc. ( DCI ) announced after the close on Monday that its fiscal fourth-quarter profit surged on higher worldwide sales and improving margins. DCI earnings rolled in at $51.2 million, or 65 cents per share, up from $23.6 million, or 30 cents per share, a year earlier. The Schaeffer's put/call open interest ratio for DCI comes in at 0.99, as put open interest nearly equals call open interest among options slated to expire in less than three months. | DCI earnings rolled in at $51.2 million, or 65 cents per share, up from $23.6 million, or 30 cents per share, a year earlier. The Schaeffer's put/call open interest ratio for DCI comes in at 0.99, as put open interest nearly equals call open interest among options slated to expire in less than three months. Donaldson Company Inc. ( DCI ) announced after the close on Monday that its fiscal fourth-quarter profit surged on higher worldwide sales and improving margins. | DCI earnings rolled in at $51.2 million, or 65 cents per share, up from $23.6 million, or 30 cents per share, a year earlier. The Schaeffer's put/call open interest ratio for DCI comes in at 0.99, as put open interest nearly equals call open interest among options slated to expire in less than three months. Donaldson Company Inc. ( DCI ) announced after the close on Monday that its fiscal fourth-quarter profit surged on higher worldwide sales and improving margins. | Donaldson Company Inc. ( DCI ) announced after the close on Monday that its fiscal fourth-quarter profit surged on higher worldwide sales and improving margins. DCI earnings rolled in at $51.2 million, or 65 cents per share, up from $23.6 million, or 30 cents per share, a year earlier. The Schaeffer's put/call open interest ratio for DCI comes in at 0.99, as put open interest nearly equals call open interest among options slated to expire in less than three months. | 5454d86a-dc1d-4c02-98f9-33a28260d622 |
710114.0 | 2010-05-25 00:00:00 UTC | Opening View: DJIA, SPX Plummet Toward February Lows; VIX Could Hit 50 | DCI | https://www.nasdaq.com/articles/opening-view-djia-spx-plummet-toward-february-lows-vix-could-hit-50-2010-05-25 | nan | nan | Monday's late-session sell-off on the Dow Jones Industrial Average ( DJIA ) appears to have been merely a prelude to today's plunge. The DJIA traded between 10,200 and 10,100 for much of Monday, only to plummet to within 70 points of the 10,000 level by the close. Heading into the open this morning, DJIA futures are trading some 225 points below fair value, indicating that the blue-chip barometer could open at or below its February low of 9,835. Meanwhile, futures on the S&P 500 Index ( SPX ) are trading more than 30 points below fair value, potentially placing the SPX below its February low of 1,044. If these levels fail to hold, the next area of support for the DJIA lies near 9,700, while the SPX could find buyers near 1,030 - home to the market's October 2009 lows. Finally, VIX watchers will want to keep a close eye on the 50 level, as the CBOE Market Volatility Index ( VIX ) could make a beeline for this round-number level.
In equity news, EMC Corp. ( EMC ) was downgraded to "neutral" from "overweight" at JPMorgan Chase, while the brokerage firm upgraded NetApp ( NTAP ) to "overweight" from "neutral." The firm noted that NetApp provided a "more seamless and cost-effective approach to implementing server virtualization." As for EMC, JPMorgan stated that the company doesn't have a lot of "upside potential to top- and bottom-line growth."
In earnings news, Sanderson Farms Inc. ( SAFM ) posted a profit of $35.1 million, or $1.62 per share, as revenue rose 14% to $487.1 million. "Demand for chicken at retail grocery stores remains strong and the ongoing issues we and our industry face in export markets have not yet significantly disrupted the markets," said CEO Joe Sanderson.
Finally, Donaldson Co. ( DCI ) reported a third-quarter net income of $49.5 million, or 62 cents per share. Revenue increased 20% to $497.6 million. Analysts estimated a quarterly profit of 59 cents per share on revenue of $477.1 million.
Earnings Preview
On the earnings front, AutoZone Inc. ( AZO ), Cracker Barrel Old Country Store Inc. ( CBRL ), Medtronic Inc. ( MDT ), Trina Solar Limited ( TSL ), and TiVo Inc. ( TIVO ) are slated to release their quarterly earnings reports. Keep your browser at SchaeffersResearch.com for more news as it breaks.
Economic Calendar
GDP
Market Statistics
Equity option activity on the Chicago Board Options Exchange ( CBOE ) saw 1,232,396 call contracts traded on Monday, compared to 792,605 put contracts. The resultant single-session put/call ratio arrived at 0.64, while the 21-day moving average rose to 0.66.
**The volume data shown above is from the Nasdaq and NYSE exchanges only. It does not include regional volume activity, which means that other daily volume quotes you see may be higher.**
Every morning, our research staff analyzes the prior day and the overnight markets, and monitors the morning wires to give you an accurate preview of the day to come. If you enjoyed today's edition of Opening View, sign up here for free daily delivery, straight to your inbox, before the opening bell.
Overseas Trading
Overseas trading is imploding, as none of the 10 foreign indexes that we track are in positive territory. Furthermore, the cumulative average return on the collective stands at a loss of 2.95%. In Asia, stocks plunged on concerns that the euro zone's troubles might spread. Meanwhile, regional indexes in Europe plunged to nine-month lows for similar reasons after the Bank of Spain took over a small savings bank over the weekend. Nervousness in the euro zone was exacerbated by heightened geopolitical tensions in Korea after the North Korean leader Kim Jong-il ordered his military to be on combat footing. Overseas market information comes to you courtesy of Schaeffer's Daily Bulletin .
Currencies and Commodities
Fear of the plunge in global equities is driving investors into the perceived safe haven of the U.S. dollar this morning. At last check, the U.S. Dollar Index had soared 1.26% higher to 87.30. With the greenback in rally mode, most commodities are trading sharply lower. Specifically, crude futures are down $2.37 at $67.84 per barrel, while gold futures have dropped $5.50 to trade at $1,188.50 an ounce in London.
Unusual Put and Call Activity:
For an explanation of how to use this information, check out our Education Center topics on Option Volume and Open Interest Configurations .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Finally, Donaldson Co. ( DCI ) reported a third-quarter net income of $49.5 million, or 62 cents per share. If these levels fail to hold, the next area of support for the DJIA lies near 9,700, while the SPX could find buyers near 1,030 - home to the market's October 2009 lows. Nervousness in the euro zone was exacerbated by heightened geopolitical tensions in Korea after the North Korean leader Kim Jong-il ordered his military to be on combat footing. | Finally, Donaldson Co. ( DCI ) reported a third-quarter net income of $49.5 million, or 62 cents per share. Heading into the open this morning, DJIA futures are trading some 225 points below fair value, indicating that the blue-chip barometer could open at or below its February low of 9,835. Meanwhile, futures on the S&P 500 Index ( SPX ) are trading more than 30 points below fair value, potentially placing the SPX below its February low of 1,044. | Finally, Donaldson Co. ( DCI ) reported a third-quarter net income of $49.5 million, or 62 cents per share. Heading into the open this morning, DJIA futures are trading some 225 points below fair value, indicating that the blue-chip barometer could open at or below its February low of 9,835. In earnings news, Sanderson Farms Inc. ( SAFM ) posted a profit of $35.1 million, or $1.62 per share, as revenue rose 14% to $487.1 million. | Finally, Donaldson Co. ( DCI ) reported a third-quarter net income of $49.5 million, or 62 cents per share. The DJIA traded between 10,200 and 10,100 for much of Monday, only to plummet to within 70 points of the 10,000 level by the close. Meanwhile, futures on the S&P 500 Index ( SPX ) are trading more than 30 points below fair value, potentially placing the SPX below its February low of 1,044. | 870a5c24-e854-4aab-a269-37e8d5eae130 |
710115.0 | 2010-04-20 00:00:00 UTC | Small Cap Stock Upgrades - ALTR, HCBK, GOLD, WAT, PRE, MXIM | DCI | https://www.nasdaq.com/articles/small-cap-stock-upgrades-altr-hcbk-gold-wat-pre-mxim-2010-04-20 | nan | nan | Altera Corp. ( ALTR ), Hudson City Bancorp Inc. ( HCBK ), Randgold Resources Ltd. ( GOLD ), Waters Corp. ( WAT ), PartnerRe ( PRE ) and Maxim Integrated Products Inc. ( MXIM ) were among some of the small-cap stocks upgraded by Louis Navellier in his latest fundamental stock analysis on April 19, 2010.
Semiconductor stock Altera Corp. ( ALTR ) was upgraded from its rating of a C grade or "hold" last week in Portfolio Grader to a B grade or "buy"this week in Louis Navellier's database of stocks to buy and sell.
Financial stock Hudson City Bancorp Inc. ( HCBK ), which is in the Thrifts & Mortgage Finance subsector, was upgraded from its rating of a D grade or "sell" last week in Portfolio Grader to a C grade or "hold" on April 19.
Metals and mining stock Randgold Resources Ltd. ( GOLD ) was upgraded from its rating of a C grade or "hold" last week to a B grade or "buy"this week in Portfolio Grader.
Small cap stock Waters Corp. ( WAT ), which specializes in life sciences products, was upgraded from a B grade or "buy" rating last week to a A grade or "strong buy" in Louis Navellier's latest fundamental stock analysis.
Insurance and reinsurance provider PartnerRe ( PRE ) upgraded from its rating of a C grade or "hold" last week to a B grade or "buy" this week in Portfolio Grader's database.
Another semiconductor small-cap stock, Maxim Integrated Products Inc. ( MXIM ), was upgraded from its rating of a C grade or "hold" last week in Portfolio Grader to a B grade or "buy" this week.
View this week's small-cap stock upgrade list below. Remember that an A grade is a "Strong Buy," a B grade is a "Buy" and a C grade is "Hold."
About Portfolio Grader: Every Sunday, renowned growth stock adviser Louis Navellier runs a fundamental analysis on the top 5,000 Wall Street companies. Armed with this research, Navellier offers a rating for each company reflected as a simple letter grade, with A being "strong buy" and F being "strong sell." Portfolio Grader's stock data is free and open to the public, and can be accessed online here .
More Portfolio Grader stock analysis:
4/19 large cap stock upgrades: BA, BP, CS (click for complete list)
4/19 large cap stock downgrades: GOOG, LMT, SNE (click for complete list)
4/12 large cap stock upgrades: COST, LLY, RDS, WMT (click for complete list)
4/12 large cap stock downgrades: BAC, BA, PC, TM (click for complete list)
4/5 large cap stock upgrades: BA, HIT, XRX, YUM (click for complete list)
4/5 large cap stock downgrades: FDX, HMC, RIMM, RBS (click for complete list)
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Altera Corp. ( ALTR ), Hudson City Bancorp Inc. ( HCBK ), Randgold Resources Ltd. ( GOLD ), Waters Corp. ( WAT ), PartnerRe ( PRE ) and Maxim Integrated Products Inc. ( MXIM ) were among some of the small-cap stocks upgraded by Louis Navellier in his latest fundamental stock analysis on April 19, 2010. About Portfolio Grader: Every Sunday, renowned growth stock adviser Louis Navellier runs a fundamental analysis on the top 5,000 Wall Street companies. More Portfolio Grader stock analysis: 4/19 large cap stock upgrades: BA, BP, CS (click for complete list) 4/19 large cap stock downgrades: GOOG, LMT, SNE (click for complete list) 4/12 large cap stock upgrades: COST, LLY, RDS, WMT (click for complete list) 4/12 large cap stock downgrades: BAC, BA, PC, TM (click for complete list) 4/5 large cap stock upgrades: BA, HIT, XRX, YUM (click for complete list) 4/5 large cap stock downgrades: FDX, HMC, RIMM, RBS (click for complete list) Related Articles: Qualcomm QCOM Earnings Preview 7 Costly Mutual Fund Mistakes to Avoid AT&T Getting Its Bell Rung The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Altera Corp. ( ALTR ), Hudson City Bancorp Inc. ( HCBK ), Randgold Resources Ltd. ( GOLD ), Waters Corp. ( WAT ), PartnerRe ( PRE ) and Maxim Integrated Products Inc. ( MXIM ) were among some of the small-cap stocks upgraded by Louis Navellier in his latest fundamental stock analysis on April 19, 2010. Semiconductor stock Altera Corp. ( ALTR ) was upgraded from its rating of a C grade or "hold" last week in Portfolio Grader to a B grade or "buy"this week in Louis Navellier's database of stocks to buy and sell. More Portfolio Grader stock analysis: 4/19 large cap stock upgrades: BA, BP, CS (click for complete list) 4/19 large cap stock downgrades: GOOG, LMT, SNE (click for complete list) 4/12 large cap stock upgrades: COST, LLY, RDS, WMT (click for complete list) 4/12 large cap stock downgrades: BAC, BA, PC, TM (click for complete list) 4/5 large cap stock upgrades: BA, HIT, XRX, YUM (click for complete list) 4/5 large cap stock downgrades: FDX, HMC, RIMM, RBS (click for complete list) Related Articles: Qualcomm QCOM Earnings Preview 7 Costly Mutual Fund Mistakes to Avoid AT&T Getting Its Bell Rung The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Semiconductor stock Altera Corp. ( ALTR ) was upgraded from its rating of a C grade or "hold" last week in Portfolio Grader to a B grade or "buy"this week in Louis Navellier's database of stocks to buy and sell. Small cap stock Waters Corp. ( WAT ), which specializes in life sciences products, was upgraded from a B grade or "buy" rating last week to a A grade or "strong buy" in Louis Navellier's latest fundamental stock analysis. More Portfolio Grader stock analysis: 4/19 large cap stock upgrades: BA, BP, CS (click for complete list) 4/19 large cap stock downgrades: GOOG, LMT, SNE (click for complete list) 4/12 large cap stock upgrades: COST, LLY, RDS, WMT (click for complete list) 4/12 large cap stock downgrades: BAC, BA, PC, TM (click for complete list) 4/5 large cap stock upgrades: BA, HIT, XRX, YUM (click for complete list) 4/5 large cap stock downgrades: FDX, HMC, RIMM, RBS (click for complete list) Related Articles: Qualcomm QCOM Earnings Preview 7 Costly Mutual Fund Mistakes to Avoid AT&T Getting Its Bell Rung The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Altera Corp. ( ALTR ), Hudson City Bancorp Inc. ( HCBK ), Randgold Resources Ltd. ( GOLD ), Waters Corp. ( WAT ), PartnerRe ( PRE ) and Maxim Integrated Products Inc. ( MXIM ) were among some of the small-cap stocks upgraded by Louis Navellier in his latest fundamental stock analysis on April 19, 2010. Semiconductor stock Altera Corp. ( ALTR ) was upgraded from its rating of a C grade or "hold" last week in Portfolio Grader to a B grade or "buy"this week in Louis Navellier's database of stocks to buy and sell. Small cap stock Waters Corp. ( WAT ), which specializes in life sciences products, was upgraded from a B grade or "buy" rating last week to a A grade or "strong buy" in Louis Navellier's latest fundamental stock analysis. | 90536feb-05d6-40ce-b243-849dae8b49b7 |
710116.0 | 2023-11-18 00:00:00 UTC | Validea Peter Lynch Strategy Daily Upgrade Report - 11/18/2023 | DCO | https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-11-18-2023 | nan | nan | The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ducommun Incorporated is a provider of engineering and manufacturing services for various products and applications used in the aerospace and defense, industrial, medical, and other industries. The Company offers value-added products and manufacturing solutions to its customers in its primary businesses of electronics, structures, and integrated solutions. It operates through two segments: Electronic Systems and Structural Systems. The Electronic Systems segment designs, engineers and manufactures electronic and electromechanical products used in technology-driven markets, including aerospace and defense and industrial end-use markets. It has multiple product offerings in electronics manufacturing for diverse applications, such as complex cable assemblies and interconnect systems, printed circuit board assemblies, and lighting diversion systems. The Structural Systems segment designs, engineers and manufactures various sizes of complex contoured aerostructure components and assemblies.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: FAIL
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of DUCOMMUN INC
DCO Guru Analysis
DCO Fundamental Analysis
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets. | Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. The Electronic Systems segment designs, engineers and manufactures electronic and electromechanical products used in technology-driven markets, including aerospace and defense and industrial end-use markets. | Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. The Electronic Systems segment designs, engineers and manufactures electronic and electromechanical products used in technology-driven markets, including aerospace and defense and industrial end-use markets. | DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. | 79568cb8-bb97-4636-91a8-55dc797a0beb |
710117.0 | 2023-11-14 00:00:00 UTC | Best Stocks to Buy Now, 11/14/2023, According to Top Analysts | DCO | https://www.nasdaq.com/articles/best-stocks-to-buy-now-11-14-2023-according-to-top-analysts | nan | nan | Which stocks are best to buy now? According to Top Wall Street Analysts, the three stocks listed below are Strong Buys. Each stock received a new Buy rating recently and has a significant upside as well.
To find more stocks like these, take a look at TipRanks’ Analyst Top Stocks tool. It shows you a real-time list of all stocks that have been recently rated by Top-ranking Analysts.
Here are today’s top stock picks, according to analysts. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio.
Asure (NASDAQ:ASUR) – Asure Software provides cloud-based workplace management software solutions for businesses, focusing on HR, workspace management, and time tracking. Yesterday, Lake Street analyst Eric Martinuzzi reiterated a Buy rating on the stock with a price target of $20. Interestingly, all five Top Analysts who recently rated the stock gave it a Buy. Taken together, their 12-month price targets imply an upside of about 86.9%.
Intellia Therapeutics (NASDAQ:NTLA) – Intellia is a clinical-stage genome editing company. Yesterday, Oppenheimer analyst Jay Olson maintained a Buy rating on the stock with a price target of $70. In the last three months, all five Top Analysts covering the stock rated it a Buy. Collectively, their 12-month price targets imply an upside of over 233%.
Ducommun (NYSE:DCO) – Ducommun is a global provider of manufacturing and engineering services for the aerospace and defense industries. Yesterday, Citi analyst Jason Gursky reaffirmed a Buy rating on the stock with a price target of $69. In the last three months, all four Top Analysts who rated the stock gave it a Buy. Collectively, their 12-month price targets imply an upside of over 31%.
Who are the Top Analysts?
TipRanks ranks financial analysts according to the success rates of their ratings and the average return on each of their ratings. The Top Analysts have each earned a five-star ranking, thanks to the accuracy and profitability of their ratings over time.
See real-time analyst rankings and learn more about the performance of Top Analysts on TipRanks’ Top Wall Street Analysts page.
Disclosure
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ducommun (NYSE:DCO) – Ducommun is a global provider of manufacturing and engineering services for the aerospace and defense industries. Yesterday, Lake Street analyst Eric Martinuzzi reiterated a Buy rating on the stock with a price target of $20. Yesterday, Oppenheimer analyst Jay Olson maintained a Buy rating on the stock with a price target of $70. | Ducommun (NYSE:DCO) – Ducommun is a global provider of manufacturing and engineering services for the aerospace and defense industries. Asure (NASDAQ:ASUR) – Asure Software provides cloud-based workplace management software solutions for businesses, focusing on HR, workspace management, and time tracking. Interestingly, all five Top Analysts who recently rated the stock gave it a Buy. | Ducommun (NYSE:DCO) – Ducommun is a global provider of manufacturing and engineering services for the aerospace and defense industries. Yesterday, Lake Street analyst Eric Martinuzzi reiterated a Buy rating on the stock with a price target of $20. In the last three months, all four Top Analysts who rated the stock gave it a Buy. | Ducommun (NYSE:DCO) – Ducommun is a global provider of manufacturing and engineering services for the aerospace and defense industries. In the last three months, all four Top Analysts who rated the stock gave it a Buy. Who are the Top Analysts? | c8bef443-f925-43ae-8c89-71ffa84258b1 |
710118.0 | 2023-11-01 00:00:00 UTC | Astronics Corporation (ATRO) Earnings Expected to Grow: What to Know Ahead of Next Week's Release | DCO | https://www.nasdaq.com/articles/astronics-corporation-atro-earnings-expected-to-grow%3A-what-to-know-ahead-of-next-weeks | nan | nan | The market expects Astronics Corporation (ATRO) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on November 8, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This company is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +106.5%.
Revenues are expected to be $167.66 million, up 27.6% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Astronics Corporation?
For Astronics Corporation, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #5.
So, this combination makes it difficult to conclusively predict that Astronics Corporation will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Astronics Corporation would post a loss of $0.03 per share when it actually produced a loss of $0.37, delivering a surprise of -1,133.33%.
The company has not been able to beat consensus EPS estimates in any of the last four quarters.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Astronics Corporation doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry Player
Another stock from the Zacks Aerospace - Defense Equipment industry, Ducommun (DCO), is soon expected to post earnings of $0.54 per share for the quarter ended September 2023. This estimate indicates a year-over-year change of -43.8%. Revenues for the quarter are expected to be $195.64 million, up 4.9% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Ducommun has been revised 3% down to the current level. Nevertheless, the company now has an Earnings ESP of 15.89%, reflecting a higher Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Ducommun will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Astronics Corporation (ATRO) : Free Stock Analysis Report
Ducommun Incorporated (DCO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Expected Results of an Industry Player Another stock from the Zacks Aerospace - Defense Equipment industry, Ducommun (DCO), is soon expected to post earnings of $0.54 per share for the quarter ended September 2023. Click to get this free report Astronics Corporation (ATRO) : Free Stock Analysis Report Ducommun Incorporated (DCO) : Free Stock Analysis Report To read this article on Zacks.com click here. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. | Click to get this free report Astronics Corporation (ATRO) : Free Stock Analysis Report Ducommun Incorporated (DCO) : Free Stock Analysis Report To read this article on Zacks.com click here. Expected Results of an Industry Player Another stock from the Zacks Aerospace - Defense Equipment industry, Ducommun (DCO), is soon expected to post earnings of $0.54 per share for the quarter ended September 2023. The market expects Astronics Corporation (ATRO) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2023. | Expected Results of an Industry Player Another stock from the Zacks Aerospace - Defense Equipment industry, Ducommun (DCO), is soon expected to post earnings of $0.54 per share for the quarter ended September 2023. Click to get this free report Astronics Corporation (ATRO) : Free Stock Analysis Report Ducommun Incorporated (DCO) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. | Expected Results of an Industry Player Another stock from the Zacks Aerospace - Defense Equipment industry, Ducommun (DCO), is soon expected to post earnings of $0.54 per share for the quarter ended September 2023. Click to get this free report Astronics Corporation (ATRO) : Free Stock Analysis Report Ducommun Incorporated (DCO) : Free Stock Analysis Report To read this article on Zacks.com click here. The market expects Astronics Corporation (ATRO) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2023. | 4ff0febb-3e04-4278-82ca-630799a18e69 |
710119.0 | 2023-10-30 00:00:00 UTC | Earnings Preview: Ducommun (DCO) Q3 Earnings Expected to Decline | DCO | https://www.nasdaq.com/articles/earnings-preview%3A-ducommun-dco-q3-earnings-expected-to-decline | nan | nan | Ducommun (DCO) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This aerospace industry supplier is expected to post quarterly earnings of $0.54 per share in its upcoming report, which represents a year-over-year change of -43.8%.
Revenues are expected to be $195.64 million, up 4.9% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 3.03% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Ducommun?
For Ducommun, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +15.89%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Ducommun will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Ducommun would post earnings of $0.51 per share when it actually produced earnings of $0.54, delivering a surprise of +5.88%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Ducommun doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry Player
Another stock from the Zacks Aerospace - Defense Equipment industry, Curtiss-Wright (CW), is soon expected to post earnings of $2.42 per share for the quarter ended September 2023. This estimate indicates a year-over-year change of +16.9%. Revenues for the quarter are expected to be $684.89 million, up 8.6% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Curtiss-Wright has been revised 0.2% down to the current level. Nevertheless, the company now has an Earnings ESP of 0.17%, reflecting a higher Most Accurate Estimate.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Curtiss-Wright will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
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Ducommun Incorporated (DCO) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ducommun (DCO) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2023. Click to get this free report Ducommun Incorporated (DCO) : Free Stock Analysis Report Curtiss-Wright Corporation (CW) : Free Stock Analysis Report To read this article on Zacks.com click here. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. | Click to get this free report Ducommun Incorporated (DCO) : Free Stock Analysis Report Curtiss-Wright Corporation (CW) : Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun (DCO) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2023. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. | Ducommun (DCO) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2023. Click to get this free report Ducommun Incorporated (DCO) : Free Stock Analysis Report Curtiss-Wright Corporation (CW) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. | Ducommun (DCO) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2023. Click to get this free report Ducommun Incorporated (DCO) : Free Stock Analysis Report Curtiss-Wright Corporation (CW) : Free Stock Analysis Report To read this article on Zacks.com click here. The earnings report might help the stock move higher if these key numbers are better than expectations. | 2a26e9b5-92df-4d7a-aad6-38e408f3b78e |
710120.0 | 2023-08-15 00:00:00 UTC | Goldman Sachs Initiates Coverage of Ducommun (DCO) with Neutral Recommendation | DCO | https://www.nasdaq.com/articles/goldman-sachs-initiates-coverage-of-ducommun-dco-with-neutral-recommendation | nan | nan | Fintel reports that on August 14, 2023, Goldman Sachs initiated coverage of Ducommun (NYSE:DCO) with a Neutral recommendation.
Analyst Price Forecast Suggests 44.31% Upside
As of August 2, 2023, the average one-year price target for Ducommun is 65.02. The forecasts range from a low of 56.56 to a high of $75.60. The average price target represents an increase of 44.31% from its latest reported closing price of 45.06.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ducommun is 761MM, an increase of 2.34%. The projected annual non-GAAP EPS is 3.27.
What is the Fund Sentiment?
There are 320 funds or institutions reporting positions in Ducommun. This is an increase of 5 owner(s) or 1.59% in the last quarter. Average portfolio weight of all funds dedicated to DCO is 0.22%, an increase of 6.75%. Total shares owned by institutions increased in the last three months by 6.44% to 12,933K shares.
The put/call ratio of DCO is 0.65, indicating a bullish outlook.
What are Other Shareholders Doing?
Paradigm Capital Management holds 662K shares representing 4.54% ownership of the company. In it's prior filing, the firm reported owning 711K shares, representing a decrease of 7.34%. The firm decreased its portfolio allocation in DCO by 41.31% over the last quarter.
William Blair Investment Management holds 465K shares representing 3.19% ownership of the company. In it's prior filing, the firm reported owning 460K shares, representing an increase of 1.20%. The firm decreased its portfolio allocation in DCO by 25.82% over the last quarter.
Royal Bank Of Canada holds 445K shares representing 3.05% ownership of the company. In it's prior filing, the firm reported owning 410K shares, representing an increase of 7.85%. The firm decreased its portfolio allocation in DCO by 19.76% over the last quarter.
Goldman Sachs Group holds 432K shares representing 2.96% ownership of the company. In it's prior filing, the firm reported owning 460K shares, representing a decrease of 6.41%. The firm decreased its portfolio allocation in DCO by 1.86% over the last quarter.
Gamco Investors, Inc. Et Al holds 393K shares representing 2.69% ownership of the company. In it's prior filing, the firm reported owning 386K shares, representing an increase of 1.67%. The firm decreased its portfolio allocation in DCO by 20.83% over the last quarter.
Ducommun Background Information
(This description is provided by the company.)
Ducommun Incorporated delivers value-added innovative manufacturing solutions to customers in the aerospace, defense and industrial markets. Founded in 1849, the Company specializes in two core areas - Electronic Systems and Structural Systems - to produce complex products and components for commercial aircraft platforms, mission-critical military and space programs, and sophisticated industrial applications.
Additional reading:
Ducommun Incorporated Reports Second Quarter 2023 Results Strong Commercial Aerospace Demand; Record Backlog* of $1B; Completed Stock Offering
*10.26 Transition Services and Separation Agreement dated May 31, 2023 between Ducommun Incorporated and Christopher D. Wampler. Incorporated by reference to Exhibit 10.01 to Form 8-K dated June 2, 2023.
Ducommun Incorporated Reports First Quarter 2023 Results Good Start to 2023; Double Digit Revenue Growth; BLR Aerospace Acquisition Completed
*10.18 Form of Performance Stock Unit Award Agreement for 2023 and after.
*10.19 Form of Performance Stock Unit Cash-Based Long-Term Incentive Award Agreement for 2023 and after.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that on August 14, 2023, Goldman Sachs initiated coverage of Ducommun (NYSE:DCO) with a Neutral recommendation. Average portfolio weight of all funds dedicated to DCO is 0.22%, an increase of 6.75%. The put/call ratio of DCO is 0.65, indicating a bullish outlook. | Fintel reports that on August 14, 2023, Goldman Sachs initiated coverage of Ducommun (NYSE:DCO) with a Neutral recommendation. Average portfolio weight of all funds dedicated to DCO is 0.22%, an increase of 6.75%. The put/call ratio of DCO is 0.65, indicating a bullish outlook. | Fintel reports that on August 14, 2023, Goldman Sachs initiated coverage of Ducommun (NYSE:DCO) with a Neutral recommendation. Average portfolio weight of all funds dedicated to DCO is 0.22%, an increase of 6.75%. The put/call ratio of DCO is 0.65, indicating a bullish outlook. | Fintel reports that on August 14, 2023, Goldman Sachs initiated coverage of Ducommun (NYSE:DCO) with a Neutral recommendation. Average portfolio weight of all funds dedicated to DCO is 0.22%, an increase of 6.75%. The put/call ratio of DCO is 0.65, indicating a bullish outlook. | 7308fa4b-30e2-4eea-b33e-167785d82d55 |
710121.0 | 2023-08-03 00:00:00 UTC | Ducommun (DCO) Q2 Earnings Beat Estimates | DCO | https://www.nasdaq.com/articles/ducommun-dco-q2-earnings-beat-estimates | nan | nan | Ducommun (DCO) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 5.88%. A quarter ago, it was expected that this aerospace industry supplier would post earnings of $0.57 per share when it actually produced earnings of $0.63, delivering a surprise of 10.53%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Ducommun, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $187.32 million for the quarter ended June 2023, missing the Zacks Consensus Estimate by 0.44%. This compares to year-ago revenues of $174.2 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ducommun shares have lost about 3.7% since the beginning of the year versus the S&P 500's gain of 17.6%.
What's Next for Ducommun?
While Ducommun has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ducommun: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.62 on $195.52 million in revenues for the coming quarter and $2.47 on $764.82 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense Equipment is currently in the top 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, TransDigm Group (TDG), has yet to report results for the quarter ended June 2023. The results are expected to be released on August 8.
This aircraft components maker is expected to post quarterly earnings of $6.33 per share in its upcoming report, which represents a year-over-year change of +30.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
TransDigm Group's revenues are expected to be $1.68 billion, up 20% from the year-ago quarter.
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Ducommun Incorporated (DCO) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ducommun (DCO) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.51 per share. Click to get this free report Ducommun Incorporated (DCO) : Free Stock Analysis Report Transdigm Group Incorporated (TDG) : Free Stock Analysis Report To read this article on Zacks.com click here. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. | Click to get this free report Ducommun Incorporated (DCO) : Free Stock Analysis Report Transdigm Group Incorporated (TDG) : Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun (DCO) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.51 per share. Ducommun, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $187.32 million for the quarter ended June 2023, missing the Zacks Consensus Estimate by 0.44%. | Ducommun (DCO) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.51 per share. Click to get this free report Ducommun Incorporated (DCO) : Free Stock Analysis Report Transdigm Group Incorporated (TDG) : Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $187.32 million for the quarter ended June 2023, missing the Zacks Consensus Estimate by 0.44%. | Ducommun (DCO) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.51 per share. Click to get this free report Ducommun Incorporated (DCO) : Free Stock Analysis Report Transdigm Group Incorporated (TDG) : Free Stock Analysis Report To read this article on Zacks.com click here. The company has topped consensus revenue estimates three times over the last four quarters. | e138c4db-144e-4d57-ac63-825b0863c4f0 |
710122.0 | 2023-07-31 00:00:00 UTC | B. Riley Securities Reiterates Ducommun (DCO) Buy Recommendation | DCO | https://www.nasdaq.com/articles/b.-riley-securities-reiterates-ducommun-dco-buy-recommendation | nan | nan | Fintel reports that on July 31, 2023, B. Riley Securities reiterated coverage of Ducommun (NYSE:DCO) with a Buy recommendation.
Analyst Price Forecast Suggests 32.00% Upside
As of July 6, 2023, the average one-year price target for Ducommun is 64.60. The forecasts range from a low of 56.56 to a high of $75.60. The average price target represents an increase of 32.00% from its latest reported closing price of 48.94.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ducommun is 761MM, an increase of 4.18%. The projected annual non-GAAP EPS is 3.27.
What is the Fund Sentiment?
There are 323 funds or institutions reporting positions in Ducommun. This is an increase of 10 owner(s) or 3.19% in the last quarter. Average portfolio weight of all funds dedicated to DCO is 0.22%, an increase of 3.75%. Total shares owned by institutions increased in the last three months by 0.46% to 12,500K shares.
The put/call ratio of DCO is 0.66, indicating a bullish outlook.
What are Other Shareholders Doing?
Paradigm Capital Management holds 662K shares representing 4.55% ownership of the company. In it's prior filing, the firm reported owning 711K shares, representing a decrease of 7.34%. The firm decreased its portfolio allocation in DCO by 41.31% over the last quarter.
Wellington Management Group Llp holds 499K shares representing 3.43% ownership of the company. In it's prior filing, the firm reported owning 480K shares, representing an increase of 3.91%. The firm increased its portfolio allocation in DCO by 12.63% over the last quarter.
William Blair Investment Management holds 460K shares representing 3.16% ownership of the company. In it's prior filing, the firm reported owning 554K shares, representing a decrease of 20.63%. The firm decreased its portfolio allocation in DCO by 17.31% over the last quarter.
Goldman Sachs Group holds 432K shares representing 2.97% ownership of the company. In it's prior filing, the firm reported owning 460K shares, representing a decrease of 6.41%. The firm decreased its portfolio allocation in DCO by 1.86% over the last quarter.
Royal Bank Of Canada holds 410K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 416K shares, representing a decrease of 1.47%. The firm decreased its portfolio allocation in DCO by 88.41% over the last quarter.
Ducommun Background Information
(This description is provided by the company.)
Ducommun Incorporated delivers value-added innovative manufacturing solutions to customers in the aerospace, defense and industrial markets. Founded in 1849, the Company specializes in two core areas - Electronic Systems and Structural Systems - to produce complex products and components for commercial aircraft platforms, mission-critical military and space programs, and sophisticated industrial applications.
Additional reading:
TRANSITION SERVICES AND SEPARATION AGREEMENT
Ducommun Incorporated Reports First Quarter 2023 Results Good Start to 2023; Double Digit Revenue Growth; BLR Aerospace Acquisition Completed
*10.18 Form of Performance Stock Unit Award Agreement for 2023 and after.
*10.19 Form of Performance Stock Unit Cash-Based Long-Term Incentive Award Agreement for 2023 and after.
Form of Indemnity Agreement dated, April 27, 2023 entered with all directors and officers of Ducommun. Incorporated by reference to Exhibit 10.8 to Form 10-K for the year ended December 31, 1990
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that on July 31, 2023, B. Riley Securities reiterated coverage of Ducommun (NYSE:DCO) with a Buy recommendation. Average portfolio weight of all funds dedicated to DCO is 0.22%, an increase of 3.75%. The put/call ratio of DCO is 0.66, indicating a bullish outlook. | Fintel reports that on July 31, 2023, B. Riley Securities reiterated coverage of Ducommun (NYSE:DCO) with a Buy recommendation. Average portfolio weight of all funds dedicated to DCO is 0.22%, an increase of 3.75%. The put/call ratio of DCO is 0.66, indicating a bullish outlook. | Fintel reports that on July 31, 2023, B. Riley Securities reiterated coverage of Ducommun (NYSE:DCO) with a Buy recommendation. Average portfolio weight of all funds dedicated to DCO is 0.22%, an increase of 3.75%. The put/call ratio of DCO is 0.66, indicating a bullish outlook. | Average portfolio weight of all funds dedicated to DCO is 0.22%, an increase of 3.75%. Fintel reports that on July 31, 2023, B. Riley Securities reiterated coverage of Ducommun (NYSE:DCO) with a Buy recommendation. The put/call ratio of DCO is 0.66, indicating a bullish outlook. | 3031dcff-d9a1-40b1-9409-c728ccc163f4 |
710123.0 | 2023-07-13 00:00:00 UTC | Implied Volatility Surging for Ducommun (DCO) Stock Options | DCO | https://www.nasdaq.com/articles/implied-volatility-surging-for-ducommun-dco-stock-options | nan | nan | Investors in Ducommun DCO need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 15, 2023 $25.00 Put had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Ducommun shares, but what is the fundamental picture for the company? Currently, Ducommun is a Zacks Rank #4 (Sell) in the Aerospace - Defense Equipment industry that ranks in the Bottom 31% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while two analysts have revised their estimate downwards. The net effect has taken our Zacks Consensus Estimate for the current quarter from 60 cents per share to 55 cents in that period.
Given the way analysts feel about Ducommun right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
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Ducommun Incorporated (DCO) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors in Ducommun DCO need to pay close attention to the stock based on moves in the options market lately. Click to get this free report Ducommun Incorporated (DCO) : Free Stock Analysis Report To read this article on Zacks.com click here. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. | Click to get this free report Ducommun Incorporated (DCO) : Free Stock Analysis Report To read this article on Zacks.com click here. Investors in Ducommun DCO need to pay close attention to the stock based on moves in the options market lately. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. | Investors in Ducommun DCO need to pay close attention to the stock based on moves in the options market lately. Click to get this free report Ducommun Incorporated (DCO) : Free Stock Analysis Report To read this article on Zacks.com click here. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. | Investors in Ducommun DCO need to pay close attention to the stock based on moves in the options market lately. Click to get this free report Ducommun Incorporated (DCO) : Free Stock Analysis Report To read this article on Zacks.com click here. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. | 28b2394c-2334-4c91-a524-7fca2f8aab1d |
710124.0 | 2023-07-07 00:00:00 UTC | Citigroup Initiates Coverage of Ducommun (DCO) with Buy Recommendation | DCO | https://www.nasdaq.com/articles/citigroup-initiates-coverage-of-ducommun-dco-with-buy-recommendation | nan | nan | Fintel reports that on July 6, 2023, Citigroup initiated coverage of Ducommun (NYSE:DCO) with a Buy recommendation.
Analyst Price Forecast Suggests 45.66% Upside
As of July 6, 2023, the average one-year price target for Ducommun is 64.60. The forecasts range from a low of 56.56 to a high of $75.60. The average price target represents an increase of 45.66% from its latest reported closing price of 44.35.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ducommun is 761MM, an increase of 4.18%. The projected annual non-GAAP EPS is 3.27.
What is the Fund Sentiment?
There are 324 funds or institutions reporting positions in Ducommun. This is an increase of 17 owner(s) or 5.54% in the last quarter. Average portfolio weight of all funds dedicated to DCO is 0.23%, an increase of 9.86%. Total shares owned by institutions increased in the last three months by 1.63% to 12,601K shares.
The put/call ratio of DCO is 0.77, indicating a bullish outlook.
What are Other Shareholders Doing?
Paradigm Capital Management holds 662K shares representing 4.55% ownership of the company. In it's prior filing, the firm reported owning 711K shares, representing a decrease of 7.34%. The firm decreased its portfolio allocation in DCO by 41.31% over the last quarter.
Wellington Management Group Llp holds 499K shares representing 3.43% ownership of the company. In it's prior filing, the firm reported owning 480K shares, representing an increase of 3.91%. The firm increased its portfolio allocation in DCO by 12.63% over the last quarter.
William Blair Investment Management holds 460K shares representing 3.16% ownership of the company. In it's prior filing, the firm reported owning 554K shares, representing a decrease of 20.63%. The firm decreased its portfolio allocation in DCO by 17.31% over the last quarter.
Goldman Sachs Group holds 432K shares representing 2.97% ownership of the company. In it's prior filing, the firm reported owning 460K shares, representing a decrease of 6.41%. The firm decreased its portfolio allocation in DCO by 1.86% over the last quarter.
Royal Bank Of Canada holds 410K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 416K shares, representing a decrease of 1.47%. The firm decreased its portfolio allocation in DCO by 88.41% over the last quarter.
Ducommun Background Information
(This description is provided by the company.)
Ducommun Incorporated delivers value-added innovative manufacturing solutions to customers in the aerospace, defense and industrial markets. Founded in 1849, the Company specializes in two core areas - Electronic Systems and Structural Systems - to produce complex products and components for commercial aircraft platforms, mission-critical military and space programs, and sophisticated industrial applications.
Additional reading:
TRANSITION SERVICES AND SEPARATION AGREEMENT
Ducommun Incorporated Reports First Quarter 2023 Results Good Start to 2023; Double Digit Revenue Growth; BLR Aerospace Acquisition Completed
*10.18 Form of Performance Stock Unit Award Agreement for 2023 and after.
*10.19 Form of Performance Stock Unit Cash-Based Long-Term Incentive Award Agreement for 2023 and after.
Form of Indemnity Agreement dated, April 27, 2023 entered with all directors and officers of Ducommun. Incorporated by reference to Exhibit 10.8 to Form 10-K for the year ended December 31, 1990
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that on July 6, 2023, Citigroup initiated coverage of Ducommun (NYSE:DCO) with a Buy recommendation. Average portfolio weight of all funds dedicated to DCO is 0.23%, an increase of 9.86%. The put/call ratio of DCO is 0.77, indicating a bullish outlook. | Fintel reports that on July 6, 2023, Citigroup initiated coverage of Ducommun (NYSE:DCO) with a Buy recommendation. Average portfolio weight of all funds dedicated to DCO is 0.23%, an increase of 9.86%. The put/call ratio of DCO is 0.77, indicating a bullish outlook. | Fintel reports that on July 6, 2023, Citigroup initiated coverage of Ducommun (NYSE:DCO) with a Buy recommendation. Average portfolio weight of all funds dedicated to DCO is 0.23%, an increase of 9.86%. The put/call ratio of DCO is 0.77, indicating a bullish outlook. | Average portfolio weight of all funds dedicated to DCO is 0.23%, an increase of 9.86%. Fintel reports that on July 6, 2023, Citigroup initiated coverage of Ducommun (NYSE:DCO) with a Buy recommendation. The put/call ratio of DCO is 0.77, indicating a bullish outlook. | 79bea311-ebc3-4be5-adc0-1a802e58d2af |
710125.0 | 2023-06-27 00:00:00 UTC | Validea's Top 5 Industrial Stocks Based On Benjamin Graham - 6/27/2023 | DCO | https://www.nasdaq.com/articles/valideas-top-5-industrial-stocks-based-on-benjamin-graham-6-27-2023 | nan | nan | The following are the top rated Industrial stocks according to Validea's Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth.
HUB GROUP INC (HUBG) is a mid-cap value stock in the Misc. Transportation industry. The rating according to our strategy based on Benjamin Graham is 86% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Hub Group, Inc. is a supply chain solutions provider, which offers comprehensive transportation and logistics management services. The Company's service offerings include a full range of freight transportation and logistics services, some of which are provided by assets the Company owns and operates, and some of which are provided by third parties with whom it contracts. Its transportation services include intermodal, truckload, less-than-truckload (LTL), flatbed, temperature-controlled, dedicated and regional trucking. Its logistics services include full outsource logistics solutions, transportation management services, freight consolidation, warehousing and fulfillment, final mile delivery, parcel and international services. The Company serves a diversified customer base in a range of industries, including retail, consumer products and durable goods.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: FAIL
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of HUB GROUP INC
HUBG Guru Analysis
HUBG Fundamental Analysis
ARCBEST CORP (ARCB) is a mid-cap value stock in the Trucking industry. The rating according to our strategy based on Benjamin Graham is 86% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ArcBest Corporation is a logistics company. It offers a suite of shipping and logistics solutions to meet customers' supply chain needs. Its business segments include Asset-Based, which represents ABF Freight System, Inc. and certain other subsidiaries, including ABF Freight System (B.C.) ULC; ABF Freight System Canada ULC; ABF Cartage, Inc., and Land-Marine Cargo, Inc. (collectively ABF Freight) and ArcBest, its asset-light logistics operation, including MoLo, Panther, and certain other subsidiaries. The Asset-Based segment provides less-than-truckload (LTL) services through ABF Freight's motor carrier operations. It offers transportation of general commodities through standard, time-critical, and LTL services. The ArcBest segment includes the acquired ground expedite services of Panther; its acquired truckload and dedicated operations, including the truckload brokerage services of MoLo; household goods moving services under the U-Pack brand, and its managed transportation solutions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: FAIL
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of ARCBEST CORP
ARCB Guru Analysis
ARCB Fundamental Analysis
VERITIV CORP (VRTV) is a small-cap value stock in the Misc. Capital Goods industry. The rating according to our strategy based on Benjamin Graham is 86% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Veritiv Corporation is a service provider of value-added packaging products and services, as well as facility solutions and print-based products and services. The Company operates through three segments: Packaging, Facility Solutions, and Print Solutions. The Packaging segment provides custom and standard packaging solutions for customers based in North America and in key global markets. This segment services its customers with a full spectrum of packaging product materials within corrugated and fiber, ancillary packaging, and rigid and equipment categories. The Facility Solutions segment sources and sells cleaning, breakroom and other supplies in product categories that include towels and tissues, food service, personal protective equipment, cleaning chemicals and skincare, primarily in North America. The Print Solutions segment sells and distributes commercial printing, writing and copying products and services primarily in North America.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: FAIL
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of VERITIV CORP
VRTV Guru Analysis
VRTV Fundamental Analysis
DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ducommun Incorporated is a provider of engineering and manufacturing services for various products and applications used in the aerospace and defense, industrial, medical, and other industries. The Company offers value-added products and manufacturing solutions to its customers in its primary businesses of electronics, structures, and integrated solutions. It operates through two segments: Electronic Systems and Structural Systems. The Electronic Systems segment designs, engineers and manufactures electronic and electromechanical products used in technology-driven markets, including aerospace and defense and industrial end-use markets. It has multiple product offerings in electronics manufacturing for diverse applications, such as complex cable assemblies and interconnect systems, printed circuit board assemblies, and lighting diversion systems. The Structural Systems segment designs, engineers and manufactures various sizes of complex contoured aerostructure components and assemblies.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: FAIL
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: FAIL
PRICE/BOOK RATIO: PASS
Detailed Analysis of DUCOMMUN INC
DCO Guru Analysis
DCO Fundamental Analysis
HEALTHCARE SERVICES GROUP, INC. (HCSG) is a small-cap growth stock in the Restaurants industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Healthcare Services Group, Inc. provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of healthcare facilities, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States. It operates through two segments: housekeeping, laundry, linen and other services (Housekeeping), and dietary department services (Dietary). Its Housekeeping service involves the management of a customers' housekeeping department, which is responsible for the cleaning, disinfecting and sanitizing resident rooms and common areas of a customers' facilities, as well as laundering and processing of the bed linens. Its Dietary segment consist of managing the customers' dietary department, which is responsible for food purchasing, meal preparation and providing professional dietitian services, including the development of menus that meet the dietary needs of residents.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: FAIL
PRICE/BOOK RATIO: FAIL
Detailed Analysis of HEALTHCARE SERVICES GROUP, INC.
HCSG Guru Analysis
HCSG Fundamental Analysis
Benjamin Graham Portfolio
Top Benjamin Graham Stocks
About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the "Father of Value Investing" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of VERITIV CORP VRTV Guru Analysis VRTV Fundamental Analysis DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis HEALTHCARE SERVICES GROUP, INC. (HCSG) is a small-cap growth stock in the Restaurants industry. Company Description: Hub Group, Inc. is a supply chain solutions provider, which offers comprehensive transportation and logistics management services. | Detailed Analysis of VERITIV CORP VRTV Guru Analysis VRTV Fundamental Analysis DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis HEALTHCARE SERVICES GROUP, INC. (HCSG) is a small-cap growth stock in the Restaurants industry. Company Description: Healthcare Services Group, Inc. provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of healthcare facilities, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States. | Detailed Analysis of VERITIV CORP VRTV Guru Analysis VRTV Fundamental Analysis DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis HEALTHCARE SERVICES GROUP, INC. (HCSG) is a small-cap growth stock in the Restaurants industry. The ArcBest segment includes the acquired ground expedite services of Panther; its acquired truckload and dedicated operations, including the truckload brokerage services of MoLo; household goods moving services under the U-Pack brand, and its managed transportation solutions. | Detailed Analysis of VERITIV CORP VRTV Guru Analysis VRTV Fundamental Analysis DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis HEALTHCARE SERVICES GROUP, INC. (HCSG) is a small-cap growth stock in the Restaurants industry. The Company's service offerings include a full range of freight transportation and logistics services, some of which are provided by assets the Company owns and operates, and some of which are provided by third parties with whom it contracts. | 85cd0b30-a8ce-4bc6-8e04-14f10e5b29af |
710126.0 | 2023-05-21 00:00:00 UTC | Validea's Top 5 Industrial Stocks Based On Benjamin Graham - 5/21/2023 | DCO | https://www.nasdaq.com/articles/valideas-top-5-industrial-stocks-based-on-benjamin-graham-5-21-2023 | nan | nan | The following are the top rated Industrial stocks according to Validea's Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth.
DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ducommun Incorporated is a provider of engineering and manufacturing services for various products and applications used in the aerospace and defense, industrial, medical, and other industries. The Company offers value-added products and manufacturing solutions to its customers in its primary businesses of electronics, structures, and integrated solutions. It operates through two segments: Electronic Systems and Structural Systems. The Electronic Systems segment designs, engineers and manufactures electronic and electromechanical products used in technology-driven markets, including aerospace and defense and industrial end-use markets. It has multiple product offerings in electronics manufacturing for diverse applications, such as complex cable assemblies and interconnect systems, printed circuit board assemblies, and lighting diversion systems. The Structural Systems segment designs, engineers and manufactures various sizes of complex contoured aerostructure components and assemblies.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: FAIL
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: FAIL
PRICE/BOOK RATIO: PASS
Detailed Analysis of DUCOMMUN INC
DCO Guru Analysis
DCO Fundamental Analysis
FASTENAL CO (FAST) is a large-cap growth stock in the Misc. Fabricated Products industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Fastenal Company is engaged in the wholesale distribution of industrial and construction supplies. The Company is a distributor of threaded fasteners, bolts, nuts, screws, studs, and related washers, as well as miscellaneous supplies and hardware. Its customers are in the manufacturing and non-residential construction markets. The manufacturing market includes sales of products for both original equipment manufacturing (OEM), where its products are consumed in the final products of its customers, and manufacturing, repair, and operations (MRO), where its products are consumed to support the facilities and ongoing operations of its customers. The non-residential construction market includes general, electrical, plumbing, sheet metal and road contractors. Other users of its products include farmers, truckers, railroads, oil exploration companies, oil production and refinement companies, mining companies, federal, state, and local governmental entities, schools, and certain retail trades.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: FAIL
PRICE/BOOK RATIO: FAIL
Detailed Analysis of FASTENAL CO
FAST Guru Analysis
FAST Fundamental Analysis
COSTAR GROUP INC (CSGP) is a large-cap growth stock in the Business Services industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: CoStar Group, Inc. is a provider of online real estate marketplaces, information and analytics in the United States (U.S.) and United Kingdom (U.K.). The Company provides online marketplaces for commercial real estate, apartment rentals, residential real estate, land for sale and businesses for sale. The Company manages its business geographically in two segments: North America, which includes the United States and Canada, and International, which primarily includes Europe, Asia-Pacific and Latin America. It also offers online platforms that manage workflow and marketing for residential real estate agents and brokers and provides a portal for homebuyers to view residential property listings. Its services are primarily derived from a database of building-specific information and offer customers specialized tools for accessing, analyzing and using its information. The Company's brands include CoStar, STR, Apartments.com, LoopNet, Homes.com, Homesnap, Ten-X, BizBuySell and Land.com.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: FAIL
PRICE/BOOK RATIO: FAIL
Detailed Analysis of COSTAR GROUP INC
CSGP Guru Analysis
CSGP Fundamental Analysis
PRIMORIS SERVICES CORP (PRIM) is a small-cap value stock in the Construction Services industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Primoris Services Corporation is a provider of specialty contracting services. It offers a range of specialty construction services, fabrication, maintenance, replacement, procurement, and engineering services through its three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment offers services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. The Energy/Renewables segment offers services, such as engineering, procurement, construction, retrofits, highway and bridge construction, demolition, site work, soil stabilization, excavation, flood control, upgrades, repairs, outages, and maintenance services. The Pipeline Segment offers services, which include pipeline construction and maintenance, carbon capture and storage services, pipeline facility and integrity services, installation of compressor and pump stations, and metering facilities.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: FAIL
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: FAIL
LONG-TERM EPS GROWTH: PASS
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of PRIMORIS SERVICES CORP
PRIM Guru Analysis
PRIM Fundamental Analysis
CORE & MAIN INC (CNM) is a mid-cap value stock in the Misc. Capital Goods industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Core & Main, Inc. is a holding company. It is focused on advancing reliable infrastructure with local services, nationwide. It is a specialized distributor with a focus on water, wastewater, storm drainage and fire protection products, and related services. It provides solutions to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets, nationwide. Its specialty products and services are used in the maintenance, repair, replacement and new construction of water, wastewater, storm drainage and fire protection infrastructure. It has a network of approximately 320 branch locations in 48 states across the United States. Its comprehensive product portfolio consists of more than 200,000 stock-keeping units from approximately 4,500 suppliers. Its offering consists of pipes, valves and fittings, storm drainage products, fire protection products and fabrication services, and smart metering products and technology.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: FAIL
PRICE/BOOK RATIO: FAIL
Detailed Analysis of CORE & MAIN INC
CNM Guru Analysis
CNM Fundamental Analysis
Benjamin Graham Portfolio
Top Benjamin Graham Stocks
About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the "Father of Value Investing" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis FASTENAL CO (FAST) is a large-cap growth stock in the Misc. Its specialty products and services are used in the maintenance, repair, replacement and new construction of water, wastewater, storm drainage and fire protection infrastructure. | DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis FASTENAL CO (FAST) is a large-cap growth stock in the Misc. Detailed Analysis of FASTENAL CO FAST Guru Analysis FAST Fundamental Analysis COSTAR GROUP INC (CSGP) is a large-cap growth stock in the Business Services industry. | DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis FASTENAL CO (FAST) is a large-cap growth stock in the Misc. The manufacturing market includes sales of products for both original equipment manufacturing (OEM), where its products are consumed in the final products of its customers, and manufacturing, repair, and operations (MRO), where its products are consumed to support the facilities and ongoing operations of its customers. | DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis FASTENAL CO (FAST) is a large-cap growth stock in the Misc. Company Description: Ducommun Incorporated is a provider of engineering and manufacturing services for various products and applications used in the aerospace and defense, industrial, medical, and other industries. | 4f9ffff4-2790-4684-8990-a19087cc80b0 |
710127.0 | 2023-05-17 00:00:00 UTC | RBC Capital Maintains Ducommun (DCO) Outperform Recommendation | DCO | https://www.nasdaq.com/articles/rbc-capital-maintains-ducommun-dco-outperform-recommendation | nan | nan | Fintel reports that on May 17, 2023, RBC Capital maintained coverage of Ducommun (NYSE:DCO) with a Outperform recommendation.
Analyst Price Forecast Suggests 55.47% Upside
As of May 11, 2023, the average one-year price target for Ducommun is 64.00. The forecasts range from a low of 53.53 to a high of $75.60. The average price target represents an increase of 55.47% from its latest reported closing price of 41.17.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ducommun is 761MM, an increase of 4.18%. The projected annual non-GAAP EPS is 3.27.
What is the Fund Sentiment?
There are 317 funds or institutions reporting positions in Ducommun. This is an increase of 14 owner(s) or 4.62% in the last quarter. Average portfolio weight of all funds dedicated to DCO is 0.20%, an increase of 7.30%. Total shares owned by institutions increased in the last three months by 0.39% to 12,518K shares.
The put/call ratio of DCO is 1.15, indicating a bearish outlook.
What are Other Shareholders Doing?
Paradigm Capital Management holds 662K shares representing 5.41% ownership of the company. In it's prior filing, the firm reported owning 711K shares, representing a decrease of 7.34%. The firm decreased its portfolio allocation in DCO by 41.31% over the last quarter.
Wellington Management Group Llp holds 499K shares representing 4.08% ownership of the company. In it's prior filing, the firm reported owning 480K shares, representing an increase of 3.91%. The firm decreased its portfolio allocation in DCO by 84.10% over the last quarter.
William Blair Investment Management holds 460K shares representing 3.75% ownership of the company. In it's prior filing, the firm reported owning 554K shares, representing a decrease of 20.63%. The firm decreased its portfolio allocation in DCO by 17.31% over the last quarter.
Goldman Sachs Group holds 432K shares representing 3.53% ownership of the company. In it's prior filing, the firm reported owning 460K shares, representing a decrease of 6.41%. The firm decreased its portfolio allocation in DCO by 71.51% over the last quarter.
Royal Bank Of Canada holds 410K shares representing 3.35% ownership of the company. In it's prior filing, the firm reported owning 416K shares, representing a decrease of 1.47%. The firm decreased its portfolio allocation in DCO by 88.41% over the last quarter.
Ducommun Background Information
(This description is provided by the company.)
Ducommun Incorporated delivers value-added innovative manufacturing solutions to customers in the aerospace, defense and industrial markets. Founded in 1849, the Company specializes in two core areas - Electronic Systems and Structural Systems - to produce complex products and components for commercial aircraft platforms, mission-critical military and space programs, and sophisticated industrial applications.
Key filings for this company:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K _________________________________________________________ x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year end
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that on May 17, 2023, RBC Capital maintained coverage of Ducommun (NYSE:DCO) with a Outperform recommendation. Average portfolio weight of all funds dedicated to DCO is 0.20%, an increase of 7.30%. The put/call ratio of DCO is 1.15, indicating a bearish outlook. | Fintel reports that on May 17, 2023, RBC Capital maintained coverage of Ducommun (NYSE:DCO) with a Outperform recommendation. Average portfolio weight of all funds dedicated to DCO is 0.20%, an increase of 7.30%. The put/call ratio of DCO is 1.15, indicating a bearish outlook. | Fintel reports that on May 17, 2023, RBC Capital maintained coverage of Ducommun (NYSE:DCO) with a Outperform recommendation. Average portfolio weight of all funds dedicated to DCO is 0.20%, an increase of 7.30%. The put/call ratio of DCO is 1.15, indicating a bearish outlook. | Average portfolio weight of all funds dedicated to DCO is 0.20%, an increase of 7.30%. Fintel reports that on May 17, 2023, RBC Capital maintained coverage of Ducommun (NYSE:DCO) with a Outperform recommendation. The put/call ratio of DCO is 1.15, indicating a bearish outlook. | 129877f6-d948-4186-aaeb-ea74e50c5a1d |
710128.0 | 2023-05-16 00:00:00 UTC | Why Ducommun Stock Is Falling Today | DCO | https://www.nasdaq.com/articles/why-ducommun-stock-is-falling-today | nan | nan | What happened
Aerospace component manufacturer Ducommun (NYSE: DCO) is raising cash to pay down its debt, but the offering came at a significant discount to the company's share price. Investors are now sending the stock down toward that level, chopping about 16% off of Ducommun's shares as of 1 p.m. ET.
So what
Ducommun is a manufacturer of complex components for customers in the aerospace, defense, and industrial markets. It can be a commoditized business at times, and scale matters. Ducommun, like many of its peers, uses mergers and acquisitions to add to its scale, and earlier this month completed a purchase of BLR Aerospace.
Now the company is looking to pay down the debt it took on to buy BLR. Late Monday, Ducommun announced a 2 million share secondary offering to raise cash to repay what it took out of its revolving credit facility to finance the acquisition.
Ducommun priced the offering at $40 per share, at the low end of the $40 to $42 range given. The stock closed on Monday trading at $48.42, meaning the company had to offer a steep discount to get the deal done.
Now what
Secondaries almost always price below the current stock price. It's the size of the discount that seems to be catching investors off guard. The added 2 million shares could also alter the supply and demand dynamics of the stock at least the near term because Ducommun had only about 11.14 million shares available for trading prior to the offering.
But for investors focused on the long term, the secondary is likely to be nothing more than a speed bump. If management can successfully integrate BLR and grow the business, the dilution will be more than justified. Over the next few quarters it will be the integration of BLR, and not the secondary, that really drives Ducommun shares higher or lower.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | What happened Aerospace component manufacturer Ducommun (NYSE: DCO) is raising cash to pay down its debt, but the offering came at a significant discount to the company's share price. Ducommun, like many of its peers, uses mergers and acquisitions to add to its scale, and earlier this month completed a purchase of BLR Aerospace. Late Monday, Ducommun announced a 2 million share secondary offering to raise cash to repay what it took out of its revolving credit facility to finance the acquisition. | What happened Aerospace component manufacturer Ducommun (NYSE: DCO) is raising cash to pay down its debt, but the offering came at a significant discount to the company's share price. Late Monday, Ducommun announced a 2 million share secondary offering to raise cash to repay what it took out of its revolving credit facility to finance the acquisition. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. | What happened Aerospace component manufacturer Ducommun (NYSE: DCO) is raising cash to pay down its debt, but the offering came at a significant discount to the company's share price. The added 2 million shares could also alter the supply and demand dynamics of the stock at least the near term because Ducommun had only about 11.14 million shares available for trading prior to the offering. 10 stocks we like better than Ducommun When our analyst team has a stock tip, it can pay to listen. | What happened Aerospace component manufacturer Ducommun (NYSE: DCO) is raising cash to pay down its debt, but the offering came at a significant discount to the company's share price. Now the company is looking to pay down the debt it took on to buy BLR. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. | 609b1adf-9d2a-41b6-9728-13009779faf9 |
710129.0 | 2023-05-16 00:00:00 UTC | Ducommun Shares Fall After Pricing Share Offering | DCO | https://www.nasdaq.com/articles/ducommun-shares-fall-after-pricing-share-offering | nan | nan | (RTTNews) - Shares of Ducommun Incorporated (DCO) are falling more than 14% Tuesday morning at $41.18, after the company priced its pubic offering of 2 million shares at $40 per share.
Ducommun provides engineering and manufacturing products and services primarily to the aerospace and defense, industrial, medical, and other industries.
The company intends use the net proceeds from the offering of about $74.4 million to repay debt.
DCO has traded in the range of $38.89 - $58.28 in the last 52 weeks.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | DCO has traded in the range of $38.89 - $58.28 in the last 52 weeks. (RTTNews) - Shares of Ducommun Incorporated (DCO) are falling more than 14% Tuesday morning at $41.18, after the company priced its pubic offering of 2 million shares at $40 per share. Ducommun provides engineering and manufacturing products and services primarily to the aerospace and defense, industrial, medical, and other industries. | (RTTNews) - Shares of Ducommun Incorporated (DCO) are falling more than 14% Tuesday morning at $41.18, after the company priced its pubic offering of 2 million shares at $40 per share. DCO has traded in the range of $38.89 - $58.28 in the last 52 weeks. The company intends use the net proceeds from the offering of about $74.4 million to repay debt. | (RTTNews) - Shares of Ducommun Incorporated (DCO) are falling more than 14% Tuesday morning at $41.18, after the company priced its pubic offering of 2 million shares at $40 per share. DCO has traded in the range of $38.89 - $58.28 in the last 52 weeks. Ducommun provides engineering and manufacturing products and services primarily to the aerospace and defense, industrial, medical, and other industries. | (RTTNews) - Shares of Ducommun Incorporated (DCO) are falling more than 14% Tuesday morning at $41.18, after the company priced its pubic offering of 2 million shares at $40 per share. DCO has traded in the range of $38.89 - $58.28 in the last 52 weeks. Ducommun provides engineering and manufacturing products and services primarily to the aerospace and defense, industrial, medical, and other industries. | d5da7860-a1e0-4ad8-ba7d-df4b794f12f8 |
710130.0 | 2023-05-05 00:00:00 UTC | Truist Securities Maintains Ducommun (DCO) Buy Recommendation | DCO | https://www.nasdaq.com/articles/truist-securities-maintains-ducommun-dco-buy-recommendation | nan | nan | Fintel reports that on May 5, 2023, Truist Securities maintained coverage of Ducommun (NYSE:DCO) with a Buy recommendation.
Analyst Price Forecast Suggests 34.93% Upside
As of April 24, 2023, the average one-year price target for Ducommun is 65.02. The forecasts range from a low of 53.53 to a high of $75.60. The average price target represents an increase of 34.93% from its latest reported closing price of 48.19.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ducommun is 761MM, an increase of 4.18%. The projected annual non-GAAP EPS is 3.27.
What is the Fund Sentiment?
There are 313 funds or institutions reporting positions in Ducommun. This is an increase of 21 owner(s) or 7.19% in the last quarter. Average portfolio weight of all funds dedicated to DCO is 0.22%, an increase of 14.70%. Total shares owned by institutions decreased in the last three months by 0.14% to 12,493K shares.
The put/call ratio of DCO is 1.13, indicating a bearish outlook.
What are Other Shareholders Doing?
Paradigm Capital Management holds 711K shares representing 5.81% ownership of the company. In it's prior filing, the firm reported owning 740K shares, representing a decrease of 4.14%. The firm increased its portfolio allocation in DCO by 11.31% over the last quarter.
William Blair Investment Management holds 554K shares representing 4.53% ownership of the company. In it's prior filing, the firm reported owning 550K shares, representing an increase of 0.72%. The firm increased its portfolio allocation in DCO by 22.80% over the last quarter.
Wellington Management Group Llp holds 480K shares representing 3.92% ownership of the company. In it's prior filing, the firm reported owning 486K shares, representing a decrease of 1.40%. The firm increased its portfolio allocation in DCO by 16.95% over the last quarter.
Goldman Sachs Group holds 460K shares representing 3.76% ownership of the company. In it's prior filing, the firm reported owning 556K shares, representing a decrease of 21.04%. The firm increased its portfolio allocation in DCO by 0.76% over the last quarter.
Royal Bank Of Canada holds 416K shares representing 3.40% ownership of the company. In it's prior filing, the firm reported owning 425K shares, representing a decrease of 2.18%. The firm increased its portfolio allocation in DCO by 12.31% over the last quarter.
Ducommun Background Information
(This description is provided by the company.)
Ducommun Incorporated delivers value-added innovative manufacturing solutions to customers in the aerospace, defense and industrial markets. Founded in 1849, the Company specializes in two core areas - Electronic Systems and Structural Systems - to produce complex products and components for commercial aircraft platforms, mission-critical military and space programs, and sophisticated industrial applications.
See all Ducommun regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that on May 5, 2023, Truist Securities maintained coverage of Ducommun (NYSE:DCO) with a Buy recommendation. Average portfolio weight of all funds dedicated to DCO is 0.22%, an increase of 14.70%. The put/call ratio of DCO is 1.13, indicating a bearish outlook. | Fintel reports that on May 5, 2023, Truist Securities maintained coverage of Ducommun (NYSE:DCO) with a Buy recommendation. Average portfolio weight of all funds dedicated to DCO is 0.22%, an increase of 14.70%. The put/call ratio of DCO is 1.13, indicating a bearish outlook. | Fintel reports that on May 5, 2023, Truist Securities maintained coverage of Ducommun (NYSE:DCO) with a Buy recommendation. Average portfolio weight of all funds dedicated to DCO is 0.22%, an increase of 14.70%. The put/call ratio of DCO is 1.13, indicating a bearish outlook. | Average portfolio weight of all funds dedicated to DCO is 0.22%, an increase of 14.70%. Fintel reports that on May 5, 2023, Truist Securities maintained coverage of Ducommun (NYSE:DCO) with a Buy recommendation. The put/call ratio of DCO is 1.13, indicating a bearish outlook. | fb4914e9-6834-49e7-9b7f-7bf6d8537623 |
710131.0 | 2023-05-04 00:00:00 UTC | Wall Street Analysts Think Ducommun (DCO) Could Surge 25.45%: Read This Before Placing a Bet | DCO | https://www.nasdaq.com/articles/wall-street-analysts-think-ducommun-dco-could-surge-25.45%3A-read-this-before-placing-a-bet | nan | nan | Ducommun (DCO) closed the last trading session at $52.61, gaining 0% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $66 indicates a 25.5% upside potential.
The mean estimate comprises three short-term price targets with a standard deviation of $6. While the lowest estimate of $60 indicates a 14.1% increase from the current price level, the most optimistic analyst expects the stock to surge 36.9% to reach $72. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
However, an impressive consensus price target is not the only factor that indicates a potential upside in DCO. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You May Not Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in DCO
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The Zacks Consensus Estimate for the current year has increased 4.1% over the past month, as one estimate has gone higher compared to no negative revision.
Moreover, DCO currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much DCO could gain, the direction of price movement it implies does appear to be a good guide.
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Ducommun Incorporated (DCO) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ducommun (DCO) closed the last trading session at $52.61, gaining 0% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. However, an impressive consensus price target is not the only factor that indicates a potential upside in DCO. Here's Why There Could be Plenty of Upside Left in DCO Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. | Ducommun (DCO) closed the last trading session at $52.61, gaining 0% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. However, an impressive consensus price target is not the only factor that indicates a potential upside in DCO. Here's Why There Could be Plenty of Upside Left in DCO Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. | You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, while the consensus price target may not be a reliable indicator of how much DCO could gain, the direction of price movement it implies does appear to be a good guide. Ducommun (DCO) closed the last trading session at $52.61, gaining 0% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. However, an impressive consensus price target is not the only factor that indicates a potential upside in DCO. | Here's Why There Could be Plenty of Upside Left in DCO Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. Ducommun (DCO) closed the last trading session at $52.61, gaining 0% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. However, an impressive consensus price target is not the only factor that indicates a potential upside in DCO. | c30f967d-7a10-44b0-9cbc-745be267abdb |
710132.0 | 2023-05-04 00:00:00 UTC | Ducommun (DCO) Q1 Earnings and Revenues Beat Estimates | DCO | https://www.nasdaq.com/articles/ducommun-dco-q1-earnings-and-revenues-beat-estimates-0 | nan | nan | Ducommun (DCO) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 10.53%. A quarter ago, it was expected that this aerospace industry supplier would post earnings of $0.83 per share when it actually produced earnings of $0.85, delivering a surprise of 2.41%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Ducommun, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $181.19 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 2.91%. This compares to year-ago revenues of $163.48 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ducommun shares have added about 5.3% since the beginning of the year versus the S&P 500's gain of 6.5%.
What's Next for Ducommun?
While Ducommun has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ducommun: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.67 on $186.15 million in revenues for the coming quarter and $2.90 on $756.7 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense Equipment is currently in the bottom 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Astronics Corporation (ATRO), is yet to report results for the quarter ended March 2023. The results are expected to be released on May 9.
This company is expected to post quarterly loss of $0.08 per share in its upcoming report, which represents a year-over-year change of +79%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Astronics Corporation's revenues are expected to be $142.54 million, up 22.7% from the year-ago quarter.
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Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
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Ducommun Incorporated (DCO) : Free Stock Analysis Report
Astronics Corporation (ATRO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ducommun (DCO) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.57 per share. Click to get this free report Ducommun Incorporated (DCO) : Free Stock Analysis Report Astronics Corporation (ATRO) : Free Stock Analysis Report To read this article on Zacks.com click here. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. | Click to get this free report Ducommun Incorporated (DCO) : Free Stock Analysis Report Astronics Corporation (ATRO) : Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun (DCO) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.57 per share. Ducommun, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $181.19 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 2.91%. | Ducommun (DCO) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.57 per share. Click to get this free report Ducommun Incorporated (DCO) : Free Stock Analysis Report Astronics Corporation (ATRO) : Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $181.19 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 2.91%. | Ducommun (DCO) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.57 per share. Click to get this free report Ducommun Incorporated (DCO) : Free Stock Analysis Report Astronics Corporation (ATRO) : Free Stock Analysis Report To read this article on Zacks.com click here. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. | d91f8250-e5ad-4c93-85f1-e02663488ef0 |
710133.0 | 2023-04-22 00:00:00 UTC | Validea Peter Lynch Strategy Daily Upgrade Report - 4/22/2023 | DCO | https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-4-22-2023 | nan | nan | The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
CENTRAL VALLEY COMMUNITY BANCORP (CVCY) is a small-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Central Valley Community Bancorp is a bank holding company for Central Valley Community Bank (the Bank). The Bank conducts a commercial banking business, which includes accepting demand, savings and time deposits and making commercial, real estate and consumer loans. It also provides domestic and international wire transfer services and provides safe deposit boxes and other customary banking services. The Bank also offers Internet banking that consists of inquiry, account status, bill paying, account transfers, and cash management. The Bank has a Real Estate Division, an Agribusiness Center, and an SBA Lending Division. The Bank's Real Estate Division processes or assists in processing the majority of the Bank's real estate-related transactions, including interim construction loans for single family residences and commercial buildings. The Bank offers permanent single family residential loans through its mortgage broker services. The Bank operates over 19 full-service banking offices.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of CENTRAL VALLEY COMMUNITY BANCORP
CVCY Guru Analysis
CVCY Fundamental Analysis
DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. The rating according to our strategy based on Peter Lynch changed from 87% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ducommun Incorporated is a provider of engineering and manufacturing services for various products and applications used in the aerospace and defense, industrial, medical, and other industries. The Company offers value-added products and manufacturing solutions to its customers in its primary businesses of electronics, structures, and integrated solutions. It operates through two segments: Electronic Systems and Structural Systems. The Electronic Systems segment designs, engineers and manufactures electronic and electromechanical products used in technology-driven markets, including aerospace and defense and industrial end-use markets. It has multiple product offerings in electronics manufacturing for diverse applications, such as complex cable assemblies and interconnect systems, printed circuit board assemblies, and lighting diversion systems. The Structural Systems segment designs, engineers and manufactures various sizes of complex contoured aerostructure components and assemblies.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of DUCOMMUN INC
DCO Guru Analysis
DCO Fundamental Analysis
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of CENTRAL VALLEY COMMUNITY BANCORP CVCY Guru Analysis CVCY Fundamental Analysis DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets. | Detailed Analysis of CENTRAL VALLEY COMMUNITY BANCORP CVCY Guru Analysis CVCY Fundamental Analysis DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Company Description: Central Valley Community Bancorp is a bank holding company for Central Valley Community Bank (the Bank). | Detailed Analysis of CENTRAL VALLEY COMMUNITY BANCORP CVCY Guru Analysis CVCY Fundamental Analysis DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Company Description: Central Valley Community Bancorp is a bank holding company for Central Valley Community Bank (the Bank). | Detailed Analysis of CENTRAL VALLEY COMMUNITY BANCORP CVCY Guru Analysis CVCY Fundamental Analysis DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. | 0e724a2c-45b3-4c2c-9566-31240c92ed88 |
710134.0 | 2023-04-07 00:00:00 UTC | Validea Peter Lynch Strategy Daily Upgrade Report - 4/7/2023 | DCO | https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-4-7-2023 | nan | nan | The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
MISTER CAR WASH INC (MCW) is a mid-cap growth stock in the Business Services industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Mister Car Wash, Inc. is a car wash company. The Company is engaged in offering express exterior and interior cleaning services to customers in approximately 400 car wash locations in over 21 states. Its car wash locations consist of two formats: Express Exterior Locations and Interior Cleaning Locations. The Company's locations offer express exterior wash packages and have exterior-only lanes. Its every wash includes its T3 Cleaning Conditioner, Wheel Cleaner and Dynamic Dry. The Company's additional options within the wash packages include waxes and protectants that are applied during the wash process in the tunnel. Its services include its chemistry and application systems: HotShine Carnauba Wax, Repel Shield, Platinum Seal, Wheel Polish, Underbody Wash and Tire Shine. The Company's interior cleaning services are added to an express exterior wash and include interior vacuuming, window cleaning, a dusting of the dashboard and hard surfaces and a hand towel dry of the exterior.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of MISTER CAR WASH INC
MCW Guru Analysis
MCW Fundamental Analysis
VAALCO ENERGY, INC. (EGY) is a small-cap value stock in the Oil & Gas Operations industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: VAALCO Energy, Inc. is an independent energy company principally engaged in the acquisition, exploration, development and production of crude oil. The Company's segments include segments Gabon and Equatorial Guinea. The Company is holding a 63.6% participating interest in the Etame Marin block, located offshore Gabon, which to date has produced over 125 million barrels of crude oil and of which the Company is the operator. The operations of all segments include exploration for and production of hydrocarbons where commercial reserves have been found and developed. The Company owns an interest in an undeveloped block offshore Equatorial Guinea, West Africa. Its subsidiaries include VAALCO Gabon (Etame), Inc., VAALCO Production (Gabon), Inc., VAALCO Gabon S.A., VAALCO Angola (Kwanza), Inc., VAALCO Energy (EG), Inc., VAALCO Energy Mauritius (EG) Limited, VAALCO Energy, Inc. (UK Branch) and VAALCO Energy (USA), Inc.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SALES: FAIL
INVENTORY TO SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of VAALCO ENERGY, INC.
EGY Guru Analysis
EGY Fundamental Analysis
WATTS WATER TECHNOLOGIES INC (WTS) is a mid-cap growth stock in the Misc. Fabricated Products industry. The rating according to our strategy based on Peter Lynch changed from 87% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Watts Water Technologies, Inc. is a supplier of products, solutions and systems that manage and conserve the flow of fluids and energy into, through and out of buildings in the commercial and residential markets. Its product lines include residential & commercial flow control products, such as backflow preventers, water pressure regulators, temperature and pressure relief valves, and leak detection products; heating, ventilation and air conditioning and gas products, which include water heaters and heating solutions, hydronic and electric heating systems for under-floor radiant applications, custom heat and hot water solutions and hydronic pump groups; drainage and water re-use products, which includes drainage and engineered rainwater harvesting solutions for commercial, industrial, marine and residential applications, and water quality products, such as point-of-use and point-of-entry water filtration and scale prevention systems for commercial, marine and residential applications.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of WATTS WATER TECHNOLOGIES INC
WTS Guru Analysis
WTS Fundamental Analysis
DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. The rating according to our strategy based on Peter Lynch changed from 87% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ducommun Incorporated is a provider of engineering and manufacturing services for various products and applications used in the aerospace and defense, industrial, medical, and other industries. The Company offers value-added products and manufacturing solutions to its customers in its primary businesses of electronics, structures, and integrated solutions. It operates through two segments: Electronic Systems and Structural Systems. The Electronic Systems segment designs, engineers and manufactures electronic and electromechanical products used in technology-driven markets, including aerospace and defense and industrial end-use markets. It has multiple product offerings in electronics manufacturing for diverse applications, such as complex cable assemblies and interconnect systems, printed circuit board assemblies, and lighting diversion systems. The Structural Systems segment designs, engineers and manufactures various sizes of complex contoured aerostructure components and assemblies.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of DUCOMMUN INC
DCO Guru Analysis
DCO Fundamental Analysis
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of WATTS WATER TECHNOLOGIES INC WTS Guru Analysis WTS Fundamental Analysis DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Its services include its chemistry and application systems: HotShine Carnauba Wax, Repel Shield, Platinum Seal, Wheel Polish, Underbody Wash and Tire Shine. | Detailed Analysis of WATTS WATER TECHNOLOGIES INC WTS Guru Analysis WTS Fundamental Analysis DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Detailed Analysis of MISTER CAR WASH INC MCW Guru Analysis MCW Fundamental Analysis VAALCO ENERGY, INC. (EGY) is a small-cap value stock in the Oil & Gas Operations industry. | Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Detailed Analysis of WATTS WATER TECHNOLOGIES INC WTS Guru Analysis WTS Fundamental Analysis DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Its subsidiaries include VAALCO Gabon (Etame), Inc., VAALCO Production (Gabon), Inc., VAALCO Gabon S.A., VAALCO Angola (Kwanza), Inc., VAALCO Energy (EG), Inc., VAALCO Energy Mauritius (EG) Limited, VAALCO Energy, Inc. (UK Branch) and VAALCO Energy (USA), Inc. | Detailed Analysis of WATTS WATER TECHNOLOGIES INC WTS Guru Analysis WTS Fundamental Analysis DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. | 1cd77f5a-8789-4223-87c8-9c0b82ab362e |
710135.0 | 2023-03-21 00:00:00 UTC | Ducommun To Acquire BLR Aerospace - Quick Facts | DCO | https://www.nasdaq.com/articles/ducommun-to-acquire-blr-aerospace-quick-facts | nan | nan | (RTTNews) - Ducommun Incorporated (DCO) has entered into a definitive securities purchase agreement to acquire BLR Aerospace, LLC. Headquartered in Everett, Washington, BLR Aerospace is a provider of aerodynamic systems that enhance the productivity, performance and safety of rotary- and fixed-wing aircraft on commercial and military platforms.
Stephen Oswald, CEO of Ducommun, said: "This is a first step in our commitment made during Ducommun's Investor Day last December to increase the amount of engineered products and aftermarket in our revenues."
Ducommun plans to finance the acquisition through its existing revolving credit facility. The acquisition is expected to be completed during the second quarter of 2023.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Ducommun Incorporated (DCO) has entered into a definitive securities purchase agreement to acquire BLR Aerospace, LLC. Headquartered in Everett, Washington, BLR Aerospace is a provider of aerodynamic systems that enhance the productivity, performance and safety of rotary- and fixed-wing aircraft on commercial and military platforms. Ducommun plans to finance the acquisition through its existing revolving credit facility. | (RTTNews) - Ducommun Incorporated (DCO) has entered into a definitive securities purchase agreement to acquire BLR Aerospace, LLC. Headquartered in Everett, Washington, BLR Aerospace is a provider of aerodynamic systems that enhance the productivity, performance and safety of rotary- and fixed-wing aircraft on commercial and military platforms. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Ducommun Incorporated (DCO) has entered into a definitive securities purchase agreement to acquire BLR Aerospace, LLC. Headquartered in Everett, Washington, BLR Aerospace is a provider of aerodynamic systems that enhance the productivity, performance and safety of rotary- and fixed-wing aircraft on commercial and military platforms. Stephen Oswald, CEO of Ducommun, said: "This is a first step in our commitment made during Ducommun's Investor Day last December to increase the amount of engineered products and aftermarket in our revenues." | (RTTNews) - Ducommun Incorporated (DCO) has entered into a definitive securities purchase agreement to acquire BLR Aerospace, LLC. Headquartered in Everett, Washington, BLR Aerospace is a provider of aerodynamic systems that enhance the productivity, performance and safety of rotary- and fixed-wing aircraft on commercial and military platforms. Stephen Oswald, CEO of Ducommun, said: "This is a first step in our commitment made during Ducommun's Investor Day last December to increase the amount of engineered products and aftermarket in our revenues." | 572e79ce-e5ff-48af-b55c-b26518389207 |
710136.0 | 2023-03-14 00:00:00 UTC | Validea Peter Lynch Strategy Daily Upgrade Report - 3/14/2023 | DCO | https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-3-14-2023 | nan | nan | The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
BROOKLINE BANCORP, INC. (BRKL) is a small-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Brookline Bancorp, Inc. is a bank holding company for Brookline Bank, Bank Rhode Island (BankRI), and PCSB Bank (Bank's). The Company is also the parent of Brookline Securities Corp. (BSC) and Clarendon Private, LLC. The Bank's activities include acceptance of commercial, municipal and retail deposits, origination of mortgage loans on commercial and residential real estate located principally in New England, origination of commercial loans and leases to small and mid-sized businesses, investment in debt and equity securities, and the offering of cash management and investment advisory services. Brookline Bank includes its wholly owned subsidiaries, Longwood Securities Corp. (LSC), Eastern Funding LLC (Eastern Funding) and First Ipswich Insurance Agency. BankRI includes its wholly owned subsidiaries, Acorn Insurance Agency, BRI Realty Corp., BRI Investment Corp. and its wholly owned subsidiary, BRI MSC Corp. PCSB Bank operates as a separate bank subsidiary of the Company.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of BROOKLINE BANCORP, INC.
BRKL Guru Analysis
BRKL Fundamental Analysis
PROSPERITY BANCSHARES, INC. (PB) is a mid-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Prosperity Bancshares, Inc. is a financial holding company. The Company operates through its Prosperity Bank (the Bank). The Bank provides a range of financial products and services to businesses and consumers throughout Texas and Oklahoma. The Bank operates approximately 272 full-service banking locations: 65 in the Houston area, including The Woodlands; 30 in the South Texas area including Corpus Christi and Victoria; 62 in the Dallas/Fort Worth, Texas area; 22 in the East Texas area; 29 in the Central Texas area, including Austin and San Antonio; 34 in the West Texas area, including Lubbock, Midland-Odessa and Abilene; 16 in the Bryan/College Station area; 6 in the Central Oklahoma area; and 8 in the Tulsa, Oklahoma area.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of PROSPERITY BANCSHARES, INC.
PB Guru Analysis
PB Fundamental Analysis
GILDAN ACTIVEWEAR INC (USA) (GIL) is a mid-cap value stock in the Apparel/Accessories industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Gildan Activewear Inc. is a Canada-based, vertically integrated manufacturer of everyday basic apparel, including activewear, underwear, and hosiery products. The Company's primary product categories include activewear tops and bottoms (activewear), socks (hosiery), underwear tops and bottoms (underwear) and intimates. Its activewear product lines include T-shirts, fleece tops and bottoms, and sports shirts. Its hosiery product lines include athletic, dress, casual and workwear socks, liner socks, socks for therapeutic purposes, sheer panty hose, tights, and leggings. Its underwear product lines include men's and boy's underwear (tops and bottoms) and ladies panties. The Company's intimates product lines include ladies shapewear, intimates, and accessories. The products it manufactures, and sells are marketed under Company brands, including Gildan, American Apparel, Comfort Colors, Gildan Hammer, Alstyle and GoldToe. It also sells socks under the Under Armour brand.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: FAIL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of GILDAN ACTIVEWEAR INC (USA)
GIL Guru Analysis
GIL Fundamental Analysis
NEDBANK GROUP LTD. (ADR) (NDBKY) is a mid-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Nedbank Group Limited is a digital financial services provider. The Company's principal banking subsidiary is Nedbank Limited. It offers wholesale and retail banking, as well as insurance, asset management and wealth management services and solutions. The Company offers the solutions through its frontline clusters; Nedbank Corporate and Investment Banking, which includes investment banking, global markets and treasury, commercial property finance, deposit-taking and transactional banking; Nedbank Retail and Business Banking, which includes transactional banking, card and payment solutions, lending and deposit-taking and investment products; Nedbank Wealth, which includes high-net-worth banking, wealth management, asset management and insurance, and Nedbank Africa Regions, which includes transactional banking, lending, deposit-taking and card products, and wealth management. The Company's primary market is South Africa and it also operates in five countries outside South Africa.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of NEDBANK GROUP LTD. (ADR)
NDBKY Guru Analysis
NDBKY Fundamental Analysis
PLUMAS BANCORP (PLBC) is a small-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Plumas Bancorp is a bank holding company of Plumas Bank (the Bank). The Bank primarily is engaged in providing loans and investment securities. The Bank provides multi-community independent bank services to the financial needs of individuals and businesses within the Bank's geographic footprint. The Bank's principal commercial lending services include term real estate, commercial and industrial term loans. In addition, the Bank provides government-guaranteed and agricultural loans, as well as credit lines. The Bank's principal retail lending services include consumer, automobile and home equity loans. The Bank provides land development and construction loans on a limited basis. The Bank provides small business administration loans to qualified borrowers through its government-guaranteed lending center. The Bank's primary service area covers the Northeastern portion of California, with Lake Tahoe to the south and the Oregon border to the north, and the Northwestern portion of Nevada.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
Detailed Analysis of PLUMAS BANCORP
PLBC Guru Analysis
PLBC Fundamental Analysis
ZYNEX INC. (ZYXI) is a small-cap growth stock in the Medical Equipment & Supplies industry. The rating according to our strategy based on Peter Lynch changed from 0% to 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Zynex, Inc. designs, manufactures, and markets medical devices that treat chronic and acute pain, as well as activate and exercise muscles for rehabilitative purposes with electrical stimulation. The Company's devices are intended for pain management to reduce reliance on drugs and medications and provide rehabilitation and through the utilization of non-invasive muscle stimulation, electromyography technology, interferential current (IFC), neuromuscular electrical stimulation (NMES) and transcutaneous electrical nerve stimulation (TENS). The Company's products include Zynex Medical Products, which includes NexWave, NeuroMove, InWave, and E-Wave; Private Labeled Supplies, which includes Electrodes and Batteries; Distributed Complementary, which includes Comfortrac/Saunders, JetStream, Knee Braces and LSO Back Braces, and Zynex Monitoring Solutions Products, which includes CM-1500, CM-1600, NiCO CO-Oximeter, and HemeOx tHb Oximeter. CM-1500 is a Zynex fluid monitoring system.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of ZYNEX INC.
ZYXI Guru Analysis
ZYXI Fundamental Analysis
UFP TECHNOLOGIES, INC. (UFPT) is a small-cap growth stock in the Medical Equipment & Supplies industry. The rating according to our strategy based on Peter Lynch changed from 72% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: UFP Technologies, Inc. is a designer and custom manufacturer of components, subassemblies, products and packaging utilizing foams, films and plastics primarily for the medical market. The Company's single-use and single-patient devices and components are used in a range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods and orthopedic implant packaging. The Company also provides engineered products and components to customers in the automotive, aerospace and defense, consumer, electronics, and industrial markets. The applications of its products include military uniform and gear components, automotive interior trim, athletic padding, environmentally friendly protective packaging, air filtration, abrasive nail files, and protective cases and inserts. Its wholly owned subsidiaries include Simco Industries, Inc., Dielectrics, Inc., Contech Medical, Inc. and UFP Realty LLC.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
Detailed Analysis of UFP TECHNOLOGIES, INC.
UFPT Guru Analysis
UFPT Fundamental Analysis
BRITISH AMERICAN TOBACCO PLC (ADR) (BTI) is a large-cap value stock in the Tobacco industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: British American Tobacco p.l.c. is a United Kingdom-based, multi-category consumer goods company that provides tobacco and nicotine products. The Company invests in building a portfolio of tobacco and nicotine products alongside its traditional tobacco business, including vapour products, tobacco heating products (THPs) and modern oral products. It manages a globally integrated supply chain, and its products are distributed to retail outlets across the world. The Company's segments include the United States, Asia-Pacific and Middle East, Americas and Sub-Saharan Africa, and Europe and North Africa. The Company's products as sold in the United States, including Vuse, Velo, Grizzly, Kodiak, and Camel Snus. Its vapour products are hand-held, battery-powered devices that heat a liquid and creates a vapor to be inhaled. Its THP products do not burn tobacco and no smoke is produced. Its modern oral products are white in color and contain nicotine, water, and other food-grade ingredients.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SALES: PASS
INVENTORY TO SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of BRITISH AMERICAN TOBACCO PLC (ADR)
BTI Guru Analysis
BTI Fundamental Analysis
DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. The rating according to our strategy based on Peter Lynch changed from 87% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ducommun Incorporated is a provider of engineering and manufacturing services for various products and applications used in the aerospace and defense, industrial, medical, and other industries. The Company offers value-added products and manufacturing solutions to its customers in its primary businesses of electronics, structures, and integrated solutions. It operates through two segments: Electronic Systems and Structural Systems. The Electronic Systems segment designs, engineers and manufactures electronic and electromechanical products used in technology-driven markets, including aerospace and defense and industrial end-use markets. It has multiple product offerings in electronics manufacturing for diverse applications, such as complex cable assemblies and interconnect systems, printed circuit board assemblies, and lighting diversion systems. The Structural Systems segment designs, engineers and manufactures various sizes of complex contoured aerostructure components and assemblies.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of DUCOMMUN INC
DCO Guru Analysis
DCO Fundamental Analysis
FIFTH THIRD BANCORP (FITB) is a large-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Fifth Third Bancorp (the Bancorp) is a bank holding company for Fifth Third Bank, National Association. The Bancorp conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States. The Bancorp operates through three segments: Commercial Banking, which offers credit intermediation, cash management and financial services to large and middle-market businesses and government and professional customers; Consumer and Small Business Banking provides a full range of deposit and loan products to individuals and small businesses through a network of full-service banking centers and relationships with indirect and correspondent loan originators, and Wealth and Asset Management, which provides a range of wealth management services for individuals, companies and nonprofit organizations.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of FIFTH THIRD BANCORP
FITB Guru Analysis
FITB Fundamental Analysis
360 DIGITECH INC - ADR (QFIN) is a mid-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: 360 DigiTech Inc is a China-based company mainly engaged in credit technology services. The services provided by the Company are divided into credit-driven services and platform services according to the nature of the service and the level of related credit risk. The credit-driven services match potential borrowers with financial institutions, enabling financial institutions to obtain borrowers, conduct credit evaluation, fund matching and post-loan services. The platform services include a full range of loan assistance and post-loan services under the capital-light model, intelligent marketing services, referral services, and risk management software as services (SaaS) for financial institution partners under the Intelligent Credit Engine (ICE) model.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of 360 DIGITECH INC - ADR
QFIN Guru Analysis
QFIN Fundamental Analysis
LANDSEA HOMES CORP (LSEA) is a small-cap value stock in the Construction Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Landsea Homes Corporation is a residential homebuilder company. It is engaged in designing, constructing, marketing and sale of suburban and urban single-family detached and attached homes in California, Arizona, Florida, Texas, and Metro New York. It offers a range of housing options. The Arizona market consists of entry-level, single-family homes in Avondale, Buckeye, Chandler, Goodyear, Mesa, Phoenix, Queen Creek, Surprise, and Tolleson. The California market consists of single-family detached and attached homes in Alameda, Contra Costa, Marin, San Joaquin, and Santa Clara counties in Northern California and Los Angeles, Orange, and San Bernardino counties in Southern California. The Florida market consists of entry-level single-family homes and attached homes in metro Orlando and Palm Bay in Florida. The New York Metro market consists of two condominium projects: Chelsea neighborhood in New York City, New York and Port Imperial in Weehawken, New Jersey along the gold cost.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of LANDSEA HOMES CORP
LSEA Guru Analysis
LSEA Fundamental Analysis
INTERNATIONAL GENERAL INSURANC HLDGS LTD (IGIC) is a small-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Peter Lynch changed from 63% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: International General Insurance Holdings Ltd is a Jordan-based commercial insurance and reinsurance company. It has a worldwide portfolio of energy, property, general aviation, construction and engineering, ports and terminals, marine cargo, marine trades, contingency, political violence, financial institutions, general third-party liability, legal expenses, reinsurance treaty business, among others. Its segments include Specialty Long-tail, Specialty Short-tail and Reinsurance. Its Specialty Long-tail segment includes casualty business, financial institutions line of business, marine liability line of business, and inherent defects insurance line of business. Its Specialty Short-tail segment includes energy, property, construction and engineering, political violence, ports and terminals, marine cargo, contingency and general aviation lines of business. Reinsurance segment includes inward reinsurance treaty business.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
Detailed Analysis of INTERNATIONAL GENERAL INSURANC HLDGS LTD
IGIC Guru Analysis
IGIC Fundamental Analysis
INTREPID POTASH INC (IPI) is a small-cap value stock in the Non-Metallic Mining industry. The rating according to our strategy based on Peter Lynch changed from 0% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Intrepid Potash, Inc. is a diversified mineral company. The Company delivers potassium, magnesium, sulfur, salt, and water products to agriculture, animal feed and the oil and gas industry. The Company's segments include potash, Trio, and oilfield solutions. It sells potash into three primary markets: the agricultural market as a fertilizer input, the industrial market as a component in drilling and fracturing fluids for oil and gas wells and an input to other industrial processes, and the animal feed market as a nutrient supplement. Trio is its specialty fertilizer that delivers potassium, sulfate, and magnesium in a single particle. It produces Trio in premium, granular, standard, and fine standard sizes. It also offers potassium chloride (KCl) real-time mixing services on location for hydraulic fracturing operations and trucking services. The Company also sells salt, magnesium chloride, metal recovery salts, brines, and water that are derived as part of its mining processes.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of INTREPID POTASH INC
IPI Guru Analysis
IPI Fundamental Analysis
PACTIV EVERGREEN INC (PTVE) is a small-cap value stock in the Paper & Paper Products industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Pactiv Evergreen Inc. is a manufacturer of fresh food and beverage packaging in North America. The Company produces a range of on-trend and feature-rich products that protect, package and display food and beverages for consumers. Its products, many of which are made with recycled, recyclable, or renewable materials, are supplied to a diversified mix of customers, including restaurants, foodservice distributors, retailers, food and beverage producers, packers, and processors. The Company operates through three segments, foodservice, food merchandising and beverage merchandising. The Foodservice segment manufactures food containers, drinkware (hot and cold cups and lids), tableware, service ware and other products. The Food Merchandising segment manufactures clear rigid-display containers, containers for prepared and ready-to-eat food, trays for meat and poultry and egg cartons. The Beverage Merchandising segment manufactures cartons for fresh refrigerated beverage products.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
INVENTORY TO SALES: PASS
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of PACTIV EVERGREEN INC
PTVE Guru Analysis
PTVE Fundamental Analysis
BANKWELL FINANCIAL GROUP INC (BWFG) is a small-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Peter Lynch changed from 89% to 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Bankwell Financial Group, Inc. is a bank holding company. The Company offers a range of financial services through its banking subsidiary, Bankwell Bank (the Bank). The Bank is a Connecticut state non-member bank. The Bank's commercial lending products include owner-occupied commercial real estate loans, commercial real estate investment loans, commercial loans (such as business term loans, equipment financing and lines of credit) to small and mid-sized businesses, and real estate construction and development loans. Its depository products include checking, savings, money market and certificates of deposit. The Bank operates branches in New Canaan, Stamford, Fairfield, Westport, Darien, Norwalk, and Hamden, Connecticut. The Bank provides a range of services to clients in its market, an area encompassing approximately a 100-mile radius around its branch network.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: BONUS PASS
NET CASH POSITION: BONUS PASS
Detailed Analysis of BANKWELL FINANCIAL GROUP INC
BWFG Guru Analysis
BWFG Fundamental Analysis
INVESTAR HOLDING CORP (ISTR) is a small-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Peter Lynch changed from 0% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Investar Holding Corporation is a financial holding company that conducts its operations primarily through its subsidiary, Investar Bank, National Association (the Bank). The Bank offers a range of commercial and retail lending products throughout its market areas, including business loans to small to medium-sized businesses as well as loans to individuals. The Bank's business lending products include owner-occupied commercial real estate loans, construction loans and commercial and industrial loans, such as term loans, equipment financing and lines of credit, while its loans to individuals include first and second mortgage loans, instalment loans, and lines of credit. For business customers, it targets small to medium-sized businesses and professional organizations, such as law firms, accounting firms and medical practices. Its primary areas of operation are south Louisiana, and its surrounding areas; southeast Texas, and its surrounding areas; and Alabama, and its surrounding areas.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of INVESTAR HOLDING CORP
ISTR Guru Analysis
ISTR Fundamental Analysis
NATURAL RESOURCE PARTNERS LP (NRP) is a small-cap value stock in the Coal industry. The rating according to our strategy based on Peter Lynch changed from 56% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Natural Resource Partners L.P. is engaged in the business of owning, managing, and leasing a diversified portfolio of mineral properties in the United States, including interests in coal and other natural resources. The Company operates through two segments: Mineral Rights and Soda Ash. The Mineral Rights segment consists of approximately 13 million acres of mineral interests and other subsurface rights across the United States. Its ownership provides critical inputs for the manufacturing of steel, electricity and basic building materials, as well as opportunities for carbon sequestration and renewable energy. Its Soda Ash segment consists of approximately 49% non-controlling equity interest in Sisecam Wyoming, a trona ore mining and soda ash production business located in the Green River Basin of Wyoming. Sisecam Wyoming mines trona and processes it into soda ash that is sold both domestically and internationally into the glass and chemicals industries.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: FAIL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of NATURAL RESOURCE PARTNERS LP
NRP Guru Analysis
NRP Fundamental Analysis
RAMACO RESOURCES INC (METC) is a small-cap value stock in the Coal industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ramaco Resources, Inc. is a metallurgical coal company. The Company operates and develops metallurgical coal in southern West Virginia, southwestern Virginia, and southwestern Pennsylvania. Its development portfolio primarily includes four properties: Elk Creek, Berwind, RAM Mine and Knox Creek. The Elk Creek property consists of approximately 20,200 acres of controlled mineral rights and contains 16 seams that it has targeted for production. It operates three deep mines and a surface mine at its Elk Creek mining complex. The Berwind property consists of approximately 41,300 acres of controlled mineral rights and is located on the border of West Virginia and Virginia. The Knox Creek property consists of approximately 62,100 acres of controlled mineral rights. Its RAM Mine property is located in southwestern Pennsylvania, consists of approximately 1,567 acres of controlled mineral rights. Its subsidiaries include Ramaco Development, LLC; RAM Mining, LLC; and RAMACO Coal Sales, LLC.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of RAMACO RESOURCES INC
METC Guru Analysis
METC Fundamental Analysis
LUTHER BURBANK CORP (LBC) is a small-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Luther Burbank Corporation is a bank holding company. The Company operates primarily through its subsidiary, Luther Burbank Savings (the Bank). It also owns Burbank Financial Inc., a real estate investment company, and Luther Burbank Statutory Trusts I and II, entities created to issue trust-preferred securities. Its principal business is accepting deposits from the public and investing those funds in a range of loans, including permanent mortgage loans and construction loans secured by residential, multifamily, and commercial real estate. It specializes in real estate secured lending in metropolitan areas in the western United States, including Colorado, Utah and Arizona, and has developed multifamily residential, jumbo nonconforming single family residential and commercial real estate lending. It has approximately 10 full service branches in California, located in Sonoma, Marin, Santa Clara, and Los Angeles Counties, and one full service branch in Washington, located in King County.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SALES: FAIL
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of LUTHER BURBANK CORP
LBC Guru Analysis
LBC Fundamental Analysis
VICTORY CAPITAL HOLDINGS INC (VCTR) is a small-cap value stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch changed from 74% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Victory Capital Holdings, Inc. is a diversified asset management firm. The Company is focused on providing investment management services and products to institutional, intermediary, retirement platforms and individual investors. It has approximately 12 autonomous investment franchises and a solutions platform. It offers a range of investment products, including actively and passively managed mutual funds, rules-based and active exchange traded funds (ETFs), institutional separate accounts, variable insurance products (VIPs), environmental, social, and governance and impact investment strategies, alternative investments, private closed end funds, and a 529 Education Savings Plan. Its franchises and solutions platform collectively manages a diversified set of approximately 130 investment strategies for a range of institutional and retail clients and direct investors. The Company's investment adviser is Victory Capital Management Inc.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of VICTORY CAPITAL HOLDINGS INC
VCTR Guru Analysis
VCTR Fundamental Analysis
CANADIAN IMPERIAL BANK OF COMMERCE (USA) (CM) is a large-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Peter Lynch changed from 85% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Canadian Imperial Bank of Commerce is a Canada-based financial institution. The Company offers a full range of advice, solutions and services through its digital banking network across personal and business banking, commercial banking and wealth management, and capital markets businesses. Its personal banking offers products and services, including personal checking, health savings account, personal lending, EasyPath banking, personal savings, retirement, traditions club and mortgage. Its private wealth offers investment management, corporate and institutional services, wealth planning and trustee services and private banking. The Company's commercial banking includes commercial lending, capital markets, commercial real estate and treasury management. It also includes small business banking and agility digital banking. The Company has over 13 million personal banking, business, public sector and institutional clients.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: FAIL
FREE CASH FLOW: BONUS PASS
NET CASH POSITION: BONUS PASS
Detailed Analysis of CANADIAN IMPERIAL BANK OF COMMERCE (USA)
CM Guru Analysis
CM Fundamental Analysis
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of BRITISH AMERICAN TOBACCO PLC (ADR) BTI Guru Analysis BTI Fundamental Analysis DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis FIFTH THIRD BANCORP (FITB) is a large-cap value stock in the Money Center Banks industry. Company Description: Zynex, Inc. designs, manufactures, and markets medical devices that treat chronic and acute pain, as well as activate and exercise muscles for rehabilitative purposes with electrical stimulation. | Detailed Analysis of BRITISH AMERICAN TOBACCO PLC (ADR) BTI Guru Analysis BTI Fundamental Analysis DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis FIFTH THIRD BANCORP (FITB) is a large-cap value stock in the Money Center Banks industry. The Bank's activities include acceptance of commercial, municipal and retail deposits, origination of mortgage loans on commercial and residential real estate located principally in New England, origination of commercial loans and leases to small and mid-sized businesses, investment in debt and equity securities, and the offering of cash management and investment advisory services. | Detailed Analysis of BRITISH AMERICAN TOBACCO PLC (ADR) BTI Guru Analysis BTI Fundamental Analysis DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis FIFTH THIRD BANCORP (FITB) is a large-cap value stock in the Money Center Banks industry. Company Description: Brookline Bancorp, Inc. is a bank holding company for Brookline Bank, Bank Rhode Island (BankRI), and PCSB Bank (Bank's). | Detailed Analysis of BRITISH AMERICAN TOBACCO PLC (ADR) BTI Guru Analysis BTI Fundamental Analysis DUCOMMUN INC (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INC DCO Guru Analysis DCO Fundamental Analysis FIFTH THIRD BANCORP (FITB) is a large-cap value stock in the Money Center Banks industry. Its Specialty Long-tail segment includes casualty business, financial institutions line of business, marine liability line of business, and inherent defects insurance line of business. | aac987f0-ac9f-499f-b22b-a04b168faec4 |
710137.0 | 2023-02-09 00:00:00 UTC | William Blair Investment Management Cuts Stake in Ducommun (DCO) | DCO | https://www.nasdaq.com/articles/william-blair-investment-management-cuts-stake-in-ducommun-dco | nan | nan | Fintel reports that William Blair Investment Management has filed a 13G/A form with the SEC disclosing ownership of 0.55MM shares of Ducommun Incorporated (DCO). This represents 4.6% of the company.
In their previous filing dated February 10, 2022 they reported 0.90MM shares and 7.60% of the company, a decrease in shares of 38.56% and a decrease in total ownership of 3.00% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 15.05% Upside
As of February 9, 2023, the average one-year price target for Ducommun is $65.02. The forecasts range from a low of $53.53 to a high of $75.60. The average price target represents an increase of 15.05% from its latest reported closing price of $56.52.
The projected annual revenue for Ducommun is $761MM, an increase of 10.40%. The projected annual EPS is $3.27, a decrease of 70.15%.
What is the Fund Sentiment?
There are 296 funds or institutions reporting positions in Ducommun. This is a decrease of 11 owner(s) or 3.58% in the last quarter. Average portfolio weight of all funds dedicated to DCO is 0.20%, an increase of 5.57%. Total shares owned by institutions decreased in the last three months by 1.52% to 12,519K shares. The put/call ratio of DCO is 0.53, indicating a bullish outlook.
What are large shareholders doing?
Paradigm Capital Management holds 711K shares representing 5.87% ownership of the company. In it's prior filing, the firm reported owning 740K shares, representing a decrease of 4.14%. The firm decreased its portfolio allocation in DCO by 36.40% over the last quarter.
Goldman Sachs Group holds 556K shares representing 4.60% ownership of the company. In it's prior filing, the firm reported owning 675K shares, representing a decrease of 21.42%. The firm decreased its portfolio allocation in DCO by 22.35% over the last quarter.
Wellington Management Group Llp holds 486K shares representing 4.02% ownership of the company. In it's prior filing, the firm reported owning 468K shares, representing an increase of 3.79%. The firm decreased its portfolio allocation in DCO by 85.92% over the last quarter.
Royal Bank Of Canada holds 425K shares representing 3.51% ownership of the company. In it's prior filing, the firm reported owning 436K shares, representing a decrease of 2.54%. The firm decreased its portfolio allocation in DCO by 87.43% over the last quarter.
Royce & Associates holds 412K shares representing 3.40% ownership of the company. In it's prior filing, the firm reported owning 399K shares, representing an increase of 2.94%. The firm increased its portfolio allocation in DCO by 4.28% over the last quarter.
Ducommun Background Information
(This description is provided by the company.)
Ducommun Incorporated delivers value-added innovative manufacturing solutions to customers in the aerospace, defense and industrial markets. Founded in 1849, the Company specializes in two core areas - Electronic Systems and Structural Systems - to produce complex products and components for commercial aircraft platforms, mission-critical military and space programs, and sophisticated industrial applications.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that William Blair Investment Management has filed a 13G/A form with the SEC disclosing ownership of 0.55MM shares of Ducommun Incorporated (DCO). Average portfolio weight of all funds dedicated to DCO is 0.20%, an increase of 5.57%. The put/call ratio of DCO is 0.53, indicating a bullish outlook. | Fintel reports that William Blair Investment Management has filed a 13G/A form with the SEC disclosing ownership of 0.55MM shares of Ducommun Incorporated (DCO). Average portfolio weight of all funds dedicated to DCO is 0.20%, an increase of 5.57%. The put/call ratio of DCO is 0.53, indicating a bullish outlook. | Fintel reports that William Blair Investment Management has filed a 13G/A form with the SEC disclosing ownership of 0.55MM shares of Ducommun Incorporated (DCO). Average portfolio weight of all funds dedicated to DCO is 0.20%, an increase of 5.57%. The put/call ratio of DCO is 0.53, indicating a bullish outlook. | Fintel reports that William Blair Investment Management has filed a 13G/A form with the SEC disclosing ownership of 0.55MM shares of Ducommun Incorporated (DCO). Average portfolio weight of all funds dedicated to DCO is 0.20%, an increase of 5.57%. The put/call ratio of DCO is 0.53, indicating a bullish outlook. | 3cbc2066-c994-4a60-982a-be373d17de3c |
710138.0 | 2023-01-31 00:00:00 UTC | BlackRock Increases Position in Ducommun (DCO) | DCO | https://www.nasdaq.com/articles/blackrock-increases-position-in-ducommun-dco | nan | nan | Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 0.90MM shares of Ducommun Incorporated (DCO). This represents 7.4% of the company.
In their previous filing dated February 1, 2022 they reported 0.81MM shares and 6.80% of the company, an increase in shares of 10.61% and an increase in total ownership of 0.60% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 14.68% Upside
As of January 26, 2023, the average one-year price target for Ducommun is $64.00. The forecasts range from a low of $53.53 to a high of $75.60. The average price target represents an increase of 14.68% from its latest reported closing price of $55.81.
The projected annual revenue for Ducommun is $761MM, an increase of 10.40%. The projected annual EPS is $3.27, a decrease of 70.15%.
Fund Sentiment
There are 296 funds or institutions reporting positions in Ducommun. This is a decrease of 13 owner(s) or 4.21%.
Average portfolio weight of all funds dedicated to US:DCO is 0.2009%, an increase of 4.9052%. Total shares owned by institutions decreased in the last three months by 1.26% to 12,538K shares.
What are large shareholders doing?
Paradigm Capital Management holds 740,048 shares representing 6.11% ownership of the company. In it's prior filing, the firm reported owning 734,953 shares, representing an increase of 0.69%. The firm decreased its portfolio allocation in DCO by 1.71% over the last quarter.
Goldman Sachs Group holds 556,312 shares representing 4.60% ownership of the company. In it's prior filing, the firm reported owning 675,475 shares, representing a decrease of 21.42%. The firm decreased its portfolio allocation in DCO by 22.35% over the last quarter.
William Blair Investment Management holds 550,354 shares representing 4.55% ownership of the company. In it's prior filing, the firm reported owning 521,643 shares, representing an increase of 5.22%. The firm increased its portfolio allocation in DCO by 3.68% over the last quarter.
Wellington Management Group Llp holds 486,447 shares representing 4.02% ownership of the company. In it's prior filing, the firm reported owning 468,009 shares, representing an increase of 3.79%. The firm decreased its portfolio allocation in DCO by 85.92% over the last quarter.
Royal Bank Of Canada holds 425,279 shares representing 3.51% ownership of the company. In it's prior filing, the firm reported owning 436,069 shares, representing a decrease of 2.54%. The firm decreased its portfolio allocation in DCO by 87.43% over the last quarter.
Ducommun Background Information
(This description is provided by the company.)
Ducommun Incorporated delivers value-added innovative manufacturing solutions to customers in the aerospace, defense and industrial markets. Founded in 1849, the Company specializes in two core areas - Electronic Systems and Structural Systems - to produce complex products and components for commercial aircraft platforms, mission-critical military and space programs, and sophisticated industrial applications.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 0.90MM shares of Ducommun Incorporated (DCO). Average portfolio weight of all funds dedicated to US:DCO is 0.2009%, an increase of 4.9052%. The firm decreased its portfolio allocation in DCO by 1.71% over the last quarter. | Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 0.90MM shares of Ducommun Incorporated (DCO). Average portfolio weight of all funds dedicated to US:DCO is 0.2009%, an increase of 4.9052%. The firm decreased its portfolio allocation in DCO by 1.71% over the last quarter. | Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 0.90MM shares of Ducommun Incorporated (DCO). Average portfolio weight of all funds dedicated to US:DCO is 0.2009%, an increase of 4.9052%. The firm decreased its portfolio allocation in DCO by 1.71% over the last quarter. | Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 0.90MM shares of Ducommun Incorporated (DCO). Average portfolio weight of all funds dedicated to US:DCO is 0.2009%, an increase of 4.9052%. The firm decreased its portfolio allocation in DCO by 1.71% over the last quarter. | 428ded71-e332-4159-b96c-46ab90b0ba78 |
710139.0 | 2022-11-07 00:00:00 UTC | Ducommun (DCO) Q3 Earnings and Revenues Top Estimates | DCO | https://www.nasdaq.com/articles/ducommun-dco-q3-earnings-and-revenues-top-estimates | nan | nan | Ducommun (DCO) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.83 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 6.67%. A quarter ago, it was expected that this aerospace industry supplier would post earnings of $0.83 per share when it actually produced earnings of $0.76, delivering a surprise of -8.43%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Ducommun, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $186.59 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 3.91%. This compares to year-ago revenues of $163.23 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ducommun shares have added about 0.1% since the beginning of the year versus the S&P 500's decline of -20.9%.
What's Next for Ducommun?
While Ducommun has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ducommun: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.95 on $181.94 million in revenues for the coming quarter and $3.23 on $699.18 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense Equipment is currently in the bottom 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
TransDigm Group (TDG), another stock in the same industry, has yet to report results for the quarter ended September 2022. The results are expected to be released on November 10.
This aircraft components maker is expected to post quarterly earnings of $5.04 per share in its upcoming report, which represents a year-over-year change of +18.6%. The consensus EPS estimate for the quarter has been revised 15.2% lower over the last 30 days to the current level.
TransDigm Group's revenues are expected to be $1.51 billion, up 18% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ducommun (DCO) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.90 per share. Ducommun Incorporated (DCO): Free Stock Analysis Report While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. | Ducommun (DCO) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.90 per share. Ducommun Incorporated (DCO): Free Stock Analysis Report Ducommun, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $186.59 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 3.91%. | Ducommun (DCO) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.90 per share. Ducommun Incorporated (DCO): Free Stock Analysis Report Ducommun, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $186.59 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 3.91%. | Ducommun (DCO) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.90 per share. Ducommun Incorporated (DCO): Free Stock Analysis Report While Ducommun has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? | e7c713a8-5419-49ad-a343-b1ec34a5c4d4 |
710140.0 | 2022-11-03 00:00:00 UTC | Kratos (KTOS) Q3 Earnings and Revenues Surpass Estimates | DCO | https://www.nasdaq.com/articles/kratos-ktos-q3-earnings-and-revenues-surpass-estimates | nan | nan | Kratos (KTOS) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 60%. A quarter ago, it was expected that this military contractor would post earnings of $0.03 per share when it actually produced earnings of $0.07, delivering a surprise of 133.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Kratos, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $228.6 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 0.68%. This compares to year-ago revenues of $200.6 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Kratos shares have lost about 44.4% since the beginning of the year versus the S&P 500's decline of -21.1%.
What's Next for Kratos?
While Kratos has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Kratos: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.14 on $258.34 million in revenues for the coming quarter and $0.31 on $905.8 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense Equipment is currently in the bottom 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Ducommun (DCO), is yet to report results for the quarter ended September 2022. The results are expected to be released on November 7.
This aerospace industry supplier is expected to post quarterly earnings of $0.90 per share in its upcoming report, which represents a year-over-year change of +8.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Ducommun's revenues are expected to be $179.57 million, up 10% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One other stock from the same industry, Ducommun (DCO), is yet to report results for the quarter ended September 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. | One other stock from the same industry, Ducommun (DCO), is yet to report results for the quarter ended September 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report Kratos, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $228.6 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 0.68%. | One other stock from the same industry, Ducommun (DCO), is yet to report results for the quarter ended September 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report Kratos (KTOS) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.05 per share. | One other stock from the same industry, Ducommun (DCO), is yet to report results for the quarter ended September 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report Kratos (KTOS) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.05 per share. | 51d9f885-30d5-42e9-ae2f-37d59a45381c |
710141.0 | 2022-10-06 00:00:00 UTC | Ducommun (NYSE:DCO) Has A Somewhat Strained Balance Sheet | DCO | https://www.nasdaq.com/articles/ducommun-nyse%3Adco-has-a-somewhat-strained-balance-sheet | nan | nan | The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. As with many other companies Ducommun Incorporated (NYSE:DCO) makes use of debt. But the more important question is: how much risk is that debt creating?
What Risk Does Debt Bring?
Generally speaking, debt only becomes a real problem when a company can't easily pay it off, either by raising capital or with its own cash flow. In the worst case scenario, a company can go bankrupt if it cannot pay its creditors. However, a more frequent (but still costly) occurrence is where a company must issue shares at bargain-basement prices, permanently diluting shareholders, just to shore up its balance sheet. Of course, debt can be an important tool in businesses, particularly capital heavy businesses. When we examine debt levels, we first consider both cash and debt levels, together.
What Is Ducommun's Debt?
You can click the graphic below for the historical numbers, but it shows that Ducommun had US$253.1m of debt in July 2022, down from US$304.7m, one year before. On the flip side, it has US$37.5m in cash leading to net debt of about US$215.6m.
NYSE:DCO Debt to Equity History October 6th 2022
A Look At Ducommun's Liabilities
According to the last reported balance sheet, Ducommun had liabilities of US$173.7m due within 12 months, and liabilities of US$308.8m due beyond 12 months. Offsetting this, it had US$37.5m in cash and US$266.9m in receivables that were due within 12 months. So its liabilities outweigh the sum of its cash and (near-term) receivables by US$178.1m.
Ducommun has a market capitalization of US$515.3m, so it could very likely raise cash to ameliorate its balance sheet, if the need arose. But it's clear that we should definitely closely examine whether it can manage its debt without dilution.
In order to size up a company's debt relative to its earnings, we calculate its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and its earnings before interest and tax (EBIT) divided by its interest expense (its interest cover). The advantage of this approach is that we take into account both the absolute quantum of debt (with net debt to EBITDA) and the actual interest expenses associated with that debt (with its interest cover ratio).
Ducommun's debt is 2.9 times its EBITDA, and its EBIT cover its interest expense 4.3 times over. This suggests that while the debt levels are significant, we'd stop short of calling them problematic. More concerning, Ducommun saw its EBIT drop by 6.0% in the last twelve months. If it keeps going like that paying off its debt will be like running on a treadmill -- a lot of effort for not much advancement. The balance sheet is clearly the area to focus on when you are analysing debt. But it is future earnings, more than anything, that will determine Ducommun's ability to maintain a healthy balance sheet going forward. So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.
Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. So we always check how much of that EBIT is translated into free cash flow. Over the last three years, Ducommun reported free cash flow worth 8.0% of its EBIT, which is really quite low. For us, cash conversion that low sparks a little paranoia about is ability to extinguish debt.
Our View
Mulling over Ducommun's attempt at converting EBIT to free cash flow, we're certainly not enthusiastic. But at least its level of total liabilities is not so bad. Once we consider all the factors above, together, it seems to us that Ducommun's debt is making it a bit risky. That's not necessarily a bad thing, but we'd generally feel more comfortable with less leverage. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately, every company can contain risks that exist outside of the balance sheet. For example Ducommun has 4 warning signs (and 2 which don't sit too well with us) we think you should know about.
If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | As with many other companies Ducommun Incorporated (NYSE:DCO) makes use of debt. NYSE:DCO Debt to Equity History October 6th 2022 A Look At Ducommun's Liabilities According to the last reported balance sheet, Ducommun had liabilities of US$173.7m due within 12 months, and liabilities of US$308.8m due beyond 12 months. The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' | As with many other companies Ducommun Incorporated (NYSE:DCO) makes use of debt. NYSE:DCO Debt to Equity History October 6th 2022 A Look At Ducommun's Liabilities According to the last reported balance sheet, Ducommun had liabilities of US$173.7m due within 12 months, and liabilities of US$308.8m due beyond 12 months. In order to size up a company's debt relative to its earnings, we calculate its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and its earnings before interest and tax (EBIT) divided by its interest expense (its interest cover). | NYSE:DCO Debt to Equity History October 6th 2022 A Look At Ducommun's Liabilities According to the last reported balance sheet, Ducommun had liabilities of US$173.7m due within 12 months, and liabilities of US$308.8m due beyond 12 months. As with many other companies Ducommun Incorporated (NYSE:DCO) makes use of debt. In order to size up a company's debt relative to its earnings, we calculate its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and its earnings before interest and tax (EBIT) divided by its interest expense (its interest cover). | As with many other companies Ducommun Incorporated (NYSE:DCO) makes use of debt. NYSE:DCO Debt to Equity History October 6th 2022 A Look At Ducommun's Liabilities According to the last reported balance sheet, Ducommun had liabilities of US$173.7m due within 12 months, and liabilities of US$308.8m due beyond 12 months. It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. | 7801a77f-eab1-47fa-8eec-642300fe77e2 |
710142.0 | 2022-09-28 00:00:00 UTC | New Strong Sell Stocks for September 28th | DCO | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-september-28th | nan | nan | Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
Avanos Medical, Inc. AVNS is a medical technology company focusing on delivering medical device solutions. The Zacks Consensus Estimate for its current year earnings has been revised 7.8% downward over the last 60 days.
Arco Platform Limited ARCE provides a pedagogical system with technology-enabled features to deliver educational content to private schools. The Zacks Consensus Estimate for its current year earnings has been revised 16.3% downward over the last 60 days.
Ducommun Incorporated DCO is a engineering and manufacturing company catering to the aerospace and defense, industrial, medical, and other industries. The Zacks Consensus Estimate for its current year earnings has been revised 10.5% downward over the last 60 days.
View the entire Zacks Rank #5 List.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ducommun Incorporated DCO is a engineering and manufacturing company catering to the aerospace and defense, industrial, medical, and other industries. Ducommun Incorporated (DCO): Free Stock Analysis Report The Zacks Consensus Estimate for its current year earnings has been revised 7.8% downward over the last 60 days. | Ducommun Incorporated (DCO): Free Stock Analysis Report Ducommun Incorporated DCO is a engineering and manufacturing company catering to the aerospace and defense, industrial, medical, and other industries. AVANOS MEDICAL, INC. (AVNS): Free Stock Analysis Report | Ducommun Incorporated DCO is a engineering and manufacturing company catering to the aerospace and defense, industrial, medical, and other industries. Ducommun Incorporated (DCO): Free Stock Analysis Report Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Avanos Medical, Inc. AVNS is a medical technology company focusing on delivering medical device solutions. | Ducommun Incorporated DCO is a engineering and manufacturing company catering to the aerospace and defense, industrial, medical, and other industries. Ducommun Incorporated (DCO): Free Stock Analysis Report This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. | 7d994f7b-ac78-43c2-b4fb-5083d3d7d9c9 |
710143.0 | 2022-09-13 00:00:00 UTC | Is It Too Late To Consider Buying Ducommun Incorporated (NYSE:DCO)? | DCO | https://www.nasdaq.com/articles/is-it-too-late-to-consider-buying-ducommun-incorporated-nyse%3Adco | nan | nan | Ducommun Incorporated (NYSE:DCO), is not the largest company out there, but it received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$49.65 at one point, and dropping to the lows of US$41.44. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Ducommun's current trading price of US$45.27 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Ducommun’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
Is Ducommun Still Cheap?
Good news, investors! Ducommun is still a bargain right now according to my price multiple model, which compares the company's price-to-earnings ratio to the industry average. I’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. The stock’s ratio of 4.12x is currently well-below the industry average of 26.64x, meaning that it is trading at a cheaper price relative to its peers. However, given that Ducommun’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility.
Can we expect growth from Ducommun?
NYSE:DCO Earnings and Revenue Growth September 13th 2022
Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. However, with an extremely negative double-digit change in profit expected next year, near-term growth is certainly not a driver of a buy decision. It seems like high uncertainty is on the cards for Ducommun, at least in the near future.
What This Means For You
Are you a shareholder? Although DCO is currently trading below the industry PE ratio, the negative profit outlook does bring on some uncertainty, which equates to higher risk. Consider whether you want to increase your portfolio exposure to DCO, or whether diversifying into another stock may be a better move for your total risk and return.
Are you a potential investor? If you’ve been keeping an eye on DCO for a while, but hesitant on making the leap, I recommend you research further into the stock. Given its current price multiple, now is a great time to make a decision. But keep in mind the risks that come with negative growth prospects in the future.
So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. Case in point: We've spotted 3 warning signs for Ducommun you should be mindful of and 2 of them don't sit too well with us.
If you are no longer interested in Ducommun, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Although DCO is currently trading below the industry PE ratio, the negative profit outlook does bring on some uncertainty, which equates to higher risk. Ducommun Incorporated (NYSE:DCO), is not the largest company out there, but it received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$49.65 at one point, and dropping to the lows of US$41.44. NYSE:DCO Earnings and Revenue Growth September 13th 2022 Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. | Although DCO is currently trading below the industry PE ratio, the negative profit outlook does bring on some uncertainty, which equates to higher risk. Ducommun Incorporated (NYSE:DCO), is not the largest company out there, but it received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$49.65 at one point, and dropping to the lows of US$41.44. NYSE:DCO Earnings and Revenue Growth September 13th 2022 Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. | NYSE:DCO Earnings and Revenue Growth September 13th 2022 Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Ducommun Incorporated (NYSE:DCO), is not the largest company out there, but it received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$49.65 at one point, and dropping to the lows of US$41.44. Although DCO is currently trading below the industry PE ratio, the negative profit outlook does bring on some uncertainty, which equates to higher risk. | NYSE:DCO Earnings and Revenue Growth September 13th 2022 Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Ducommun Incorporated (NYSE:DCO), is not the largest company out there, but it received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$49.65 at one point, and dropping to the lows of US$41.44. Although DCO is currently trading below the industry PE ratio, the negative profit outlook does bring on some uncertainty, which equates to higher risk. | 78ee5c7e-72f5-452b-9dc8-b4df8deffd4f |
710144.0 | 2022-08-04 00:00:00 UTC | Ducommun (DCO) Misses Q2 Earnings Estimates | DCO | https://www.nasdaq.com/articles/ducommun-dco-misses-q2-earnings-estimates | nan | nan | Ducommun (DCO) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -8.43%. A quarter ago, it was expected that this aerospace industry supplier would post earnings of $0.53 per share when it actually produced earnings of $0.67, delivering a surprise of 26.42%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Ducommun, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $174.2 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 2.28%. This compares to year-ago revenues of $160.19 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ducommun shares have added about 3.6% since the beginning of the year versus the S&P 500's decline of -12.8%.
What's Next for Ducommun?
While Ducommun has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ducommun: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.01 on $179.43 million in revenues for the coming quarter and $3.61 on $698.77 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense Equipment is currently in the bottom 18% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
CAE (CAE), another stock in the same industry, has yet to report results for the quarter ended June 2022. The results are expected to be released on August 10.
This civil and military flight simulator company is expected to post quarterly earnings of $0.18 per share in its upcoming report, which represents a year-over-year change of +20%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
CAE's revenues are expected to be $742.7 million, up 21.2% from the year-ago quarter.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ducommun (DCO) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.83 per share. Ducommun Incorporated (DCO): Free Stock Analysis Report Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. | Ducommun (DCO) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.83 per share. Ducommun Incorporated (DCO): Free Stock Analysis Report Ducommun, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $174.2 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 2.28%. | Ducommun (DCO) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.83 per share. Ducommun Incorporated (DCO): Free Stock Analysis Report Ducommun, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $174.2 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 2.28%. | Ducommun (DCO) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.83 per share. Ducommun Incorporated (DCO): Free Stock Analysis Report While Ducommun has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? | 89b7f05e-88e0-4d80-b1e7-9a1132268d29 |
710145.0 | 2022-07-29 00:00:00 UTC | Will Astronics Corporation (ATRO) Report Negative Q2 Earnings? What You Should Know | DCO | https://www.nasdaq.com/articles/will-astronics-corporation-atro-report-negative-q2-earnings-what-you-should-know | nan | nan | The market expects Astronics Corporation (ATRO) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2022. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This company is expected to post quarterly loss of $0.24 per share in its upcoming report, which represents a year-over-year change of +7.7%.
Revenues are expected to be $126.75 million, up 14% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 300% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Astronics Corporation?
For Astronics Corporation, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Astronics Corporation will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Astronics Corporation would post a loss of $0.22 per share when it actually produced a loss of $0.38, delivering a surprise of -72.73%.
The company has not been able to beat consensus EPS estimates in any of the last four quarters.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Astronics Corporation doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry Player
Ducommun (DCO), another stock in the Zacks Aerospace - Defense Equipment industry, is expected to report earnings per share of $0.83 for the quarter ended June 2022. This estimate points to a year-over-year change of +12.2%. Revenues for the quarter are expected to be $170.32 million, up 6.3% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Ducommun has been revised 2.9% down to the current level. Nevertheless, the company now has an Earnings ESP of -10.30%, reflecting a lower Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Ducommun will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Astronics Corporation (ATRO): Free Stock Analysis Report
Ducommun Incorporated (DCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Expected Results of an Industry Player Ducommun (DCO), another stock in the Zacks Aerospace - Defense Equipment industry, is expected to report earnings per share of $0.83 for the quarter ended June 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. | Expected Results of an Industry Player Ducommun (DCO), another stock in the Zacks Aerospace - Defense Equipment industry, is expected to report earnings per share of $0.83 for the quarter ended June 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report The market expects Astronics Corporation (ATRO) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2022. | Expected Results of an Industry Player Ducommun (DCO), another stock in the Zacks Aerospace - Defense Equipment industry, is expected to report earnings per share of $0.83 for the quarter ended June 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. | Expected Results of an Industry Player Ducommun (DCO), another stock in the Zacks Aerospace - Defense Equipment industry, is expected to report earnings per share of $0.83 for the quarter ended June 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report Zacks Consensus Estimate This company is expected to post quarterly loss of $0.24 per share in its upcoming report, which represents a year-over-year change of +7.7%. | 1a9c0b1d-17a2-4092-90c3-40d360bc8f71 |
710146.0 | 2022-07-28 00:00:00 UTC | Ducommun (DCO) Earnings Expected to Grow: What to Know Ahead of Next Week's Release | DCO | https://www.nasdaq.com/articles/ducommun-dco-earnings-expected-to-grow%3A-what-to-know-ahead-of-next-weeks-release | nan | nan | Wall Street expects a year-over-year increase in earnings on higher revenues when Ducommun (DCO) reports results for the quarter ended June 2022. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on August 4, 2022, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This aerospace industry supplier is expected to post quarterly earnings of $0.83 per share in its upcoming report, which represents a year-over-year change of +12.2%.
Revenues are expected to be $170.32 million, up 6.3% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 2.88% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Ducommun?
For Ducommun, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -10.30%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Ducommun will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Ducommun would post earnings of $0.53 per share when it actually produced earnings of $0.67, delivering a surprise of +26.42%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Ducommun doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry Player
Among the stocks in the Zacks Aerospace - Defense Equipment industry, Spirit Aerosystems (SPR) is soon expected to post loss of $0.23 per share for the quarter ended June 2022. This estimate indicates a year-over-year change of +25.8%. This quarter's revenue is expected to be $1.25 billion, up 24.3% from the year-ago quarter.
The consensus EPS estimate for Spirit Aerosystems has been revised 94.1% lower over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of 5.71%.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Spirit Aerosystems will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Ducommun Incorporated (DCO): Free Stock Analysis Report
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To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Wall Street expects a year-over-year increase in earnings on higher revenues when Ducommun (DCO) reports results for the quarter ended June 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. | Wall Street expects a year-over-year increase in earnings on higher revenues when Ducommun (DCO) reports results for the quarter ended June 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. | Wall Street expects a year-over-year increase in earnings on higher revenues when Ducommun (DCO) reports results for the quarter ended June 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. | Wall Street expects a year-over-year increase in earnings on higher revenues when Ducommun (DCO) reports results for the quarter ended June 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report The earnings report, which is expected to be released on August 4, 2022, might help the stock move higher if these key numbers are better than expectations. | 0abbaa8d-60d8-4a85-8d6f-6f3703b83c7a |
710147.0 | 2022-07-26 00:00:00 UTC | Investing in Ducommun (NYSE:DCO) five years ago would have delivered you a 52% gain | DCO | https://www.nasdaq.com/articles/investing-in-ducommun-nyse%3Adco-five-years-ago-would-have-delivered-you-a-52-gain | nan | nan | While Ducommun Incorporated (NYSE:DCO) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 17% in the last quarter. But at least the stock is up over the last five years. However we are not very impressed because the share price is only up 52%, less than the market return of 73%.
So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns.
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
During five years of share price growth, Ducommun achieved compound earnings per share (EPS) growth of 56% per year. The EPS growth is more impressive than the yearly share price gain of 9% over the same period. So one could conclude that the broader market has become more cautious towards the stock. This cautious sentiment is reflected in its (fairly low) P/E ratio of 3.87.
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
NYSE:DCO Earnings Per Share Growth July 26th 2022
It is of course excellent to see how Ducommun has grown profits over the years, but the future is more important for shareholders. You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.
A Different Perspective
While the broader market lost about 15% in the twelve months, Ducommun shareholders did even worse, losing 18%. Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. Longer term investors wouldn't be so upset, since they would have made 9%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. It's always interesting to track share price performance over the longer term. But to understand Ducommun better, we need to consider many other factors. Like risks, for instance. Every company has them, and we've spotted 4 warning signs for Ducommun (of which 3 don't sit too well with us!) you should know about.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | While Ducommun Incorporated (NYSE:DCO) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 17% in the last quarter. NYSE:DCO Earnings Per Share Growth July 26th 2022 It is of course excellent to see how Ducommun has grown profits over the years, but the future is more important for shareholders. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. | NYSE:DCO Earnings Per Share Growth July 26th 2022 It is of course excellent to see how Ducommun has grown profits over the years, but the future is more important for shareholders. While Ducommun Incorporated (NYSE:DCO) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 17% in the last quarter. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). | While Ducommun Incorporated (NYSE:DCO) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 17% in the last quarter. NYSE:DCO Earnings Per Share Growth July 26th 2022 It is of course excellent to see how Ducommun has grown profits over the years, but the future is more important for shareholders. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). | While Ducommun Incorporated (NYSE:DCO) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 17% in the last quarter. NYSE:DCO Earnings Per Share Growth July 26th 2022 It is of course excellent to see how Ducommun has grown profits over the years, but the future is more important for shareholders. But at least the stock is up over the last five years. | af4f941e-8262-4d94-8807-b4b2ca835245 |
710148.0 | 2022-07-25 00:00:00 UTC | Hexcel (HXL) Q2 Earnings and Revenues Top Estimates | DCO | https://www.nasdaq.com/articles/hexcel-hxl-q2-earnings-and-revenues-top-estimates | nan | nan | Hexcel (HXL) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this maker of lightweight composite materials would post earnings of $0.17 per share when it actually produced earnings of $0.22, delivering a surprise of 29.41%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Hexcel, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $393 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 2.50%. This compares to year-ago revenues of $320.3 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Hexcel shares have added about 10.3% since the beginning of the year versus the S&P 500's decline of -16.9%.
What's Next for Hexcel?
While Hexcel has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Hexcel: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.32 on $389.67 million in revenues for the coming quarter and $1.20 on $1.56 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense Equipment is currently in the bottom 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Ducommun (DCO), has yet to report results for the quarter ended June 2022. The results are expected to be released on August 4.
This aerospace industry supplier is expected to post quarterly earnings of $0.83 per share in its upcoming report, which represents a year-over-year change of +12.2%. The consensus EPS estimate for the quarter has been revised 2.9% lower over the last 30 days to the current level.
Ducommun's revenues are expected to be $170.32 million, up 6.3% from the year-ago quarter.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Hexcel Corporation (HXL): Free Stock Analysis Report
Ducommun Incorporated (DCO): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Another stock from the same industry, Ducommun (DCO), has yet to report results for the quarter ended June 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. | Another stock from the same industry, Ducommun (DCO), has yet to report results for the quarter ended June 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report Hexcel, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $393 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 2.50%. | Another stock from the same industry, Ducommun (DCO), has yet to report results for the quarter ended June 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report Hexcel (HXL) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.30 per share. | Another stock from the same industry, Ducommun (DCO), has yet to report results for the quarter ended June 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report Hexcel (HXL) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.30 per share. | fa3143cb-479c-4193-bc66-9d857e6387dc |
710149.0 | 2022-07-01 00:00:00 UTC | Zacks Industry Outlook Highlights TransDigm Group, Curtiss-Wright and Ducommun | DCO | https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-transdigm-group-curtiss-wright-and-ducommun | nan | nan | For Immediate Release
Chicago, IL – July 1, 2022 – Today, Zacks Equity Research discusses TransDigm Group TDG, Curtiss-Wright CW and Ducommun DCO.
Industry: Defense Equipment
Link: https://www.zacks.com/commentary/1946100/3-defense-equipment-stocks-to-buy-amid-improved-air-traffic-view
Recovery in revenue per kilometer is expected to gather pace in 2022, thereby boosting prospects of aerospace-defense equipment stocks. Also, airline financial performance in North America is expected to return to profitability in 2022.
Moreover, frequent mergers and acquisitions tend to boost revenue generation prospects along with the production efficiency of the industry players. However, COVID-led supply chain disruption might result in lower earnings and cash flows for the industry.
Nevertheless, the ongoing feud between Russia and Ukraine is expected to boost investment in the industry. Some key players in this industry include TransDigm Group, Curtiss-Wright and Ducommun.
About the Industry
The Zacks Aerospace-Defense Equipment industry comprises firms that manufacture a wide variety of vital components for the aerospace-defense space, ranging from aerostructures, space shuttles, propulsion systems, aircraft engines, defense electronics, missile and radar systems to flight test equipment, structural adhesives, instrumentation and control systems, communication products and many more.
A few of these companies also offer integrated simulation and training services to the U.S. defense force. While the majority of the revenues is generated from the production of the aforementioned accompaniments, the industry players also generate revenues by providing notable aftermarket support and services like maintenance, repair and overhaul activities to aerospace and defense players.
4 Trends Shaping the Future of the Aerospace-Defense Equipment Industry
New M&As Instill Hopes: Rising competition has historically prompted industry majors to expand their product lines through small and medium-sized mergers and acquisitions (M&As) besides the big mergers witnessed in the industry. In May 2022, TransDigm Group completed the acquisition of aviation aftermarket components manufacturer Dart Aerospace for $360 million.
The transaction is expected to boost TransDigm's portfolio with a diverse range of new and existing rotary-wing platforms as well as strong aftermarket content. Such consolidations should improve economies of scale for the industry as a whole, with the industry players having access to such diversified business models.
Recovering Air Traffic View Boosts Prospects: World air travel data, which dwindled at the onset of 2022, thanks to the sporadic outbreak of the Omicron variant, has regained its growth trajectory in the past few months. Per the latest global outlook published by the International Air Transport Association (IATA) in June 2022, recovery in industry revenue per kilometer is expected to gather pace this year as vaccine rollouts continue, travel restrictions are lifted, and more routes are re-opened.
Moreover, airline financial performance is expected to improve in all regions in 2022, with North America being the only region expected to return to profitability this year. This surely makes us optimistic about the near-term growth prospects of aerospace-defense equipment industry stocks, especially those engaged in commercial aviation.
Socio-Political Uncertainty to Aid: Widespread geopolitical as well as socio-economic tensions have been a growth driver for the aerospace and defense equipment industry for decades. In recent times, escalating international terrorist attacks along with civil wars like the ones in the Middle East have been boosting the prospects of this space. In particular, U.S. defense contractors' prospects in this region remain high, thanks to the constant military conflict that has been taking place between Israel and Syria for quite some time now.
Moreover, the latest feud that erupted after Russia attacked Ukraine and the United States' strong opposition to this hostile action of Russia boosted the prospects of America's defense companies. Such geopolitical tensions are expected to be beneficial for the aerospace-defense equipment industry.
Supply Chain Disruption Poses Risk: The COVID-19 pandemic has led to an unprecedented crisis in the aerospace and defense (A&D) supply chain. Original Equipment Manufacturers (OEMs) need to dramatically scale back their capacity to reflect the new realities of the commercial air travel market. Such OEM rate reductions have been affecting the extended commercial aerospace manufacturing supply chain, which might result in lower earnings and cash flows for the aerospace and defense equipment industry in the near term.
Zacks Industry Rank Reflects Bright Outlook
The Zacks Aerospace-Defense Equipment industry is housed within the broader Zacks Aerospace sector. It currently carries a Zacks Industry Rank #89, which places it in the top 36% of more than 250 Zacks industries.
The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates encouraging near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
The industry's position in the top% of the Zacks-ranked industries is due to a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts have gained confidence in this group's earnings growth potential over the past few months. Evidently, the industry's earnings estimate for the current fiscal year has gone up 0.8% to $3.76 since April 2022.
Before we present a few aerospace-defense equipment stocks that you may want to add to your portfolio, let's take a look at the industry's recent stock market performance and valuation picture.
Industry Beats S&P 500 & Sector
The Aerospace-Defense Equipment industry has outperformed the Zacks S&P 500 composite as well as its own sector over the past year. The stocks in this industry have collectively lost 3.4% while the Aerospace sector declined of 21.7%. The Zacks S&P 500 composite has dropped 11.5% in the same timeframe.
Industry's Current Valuation
On the basis of trailing 12-month EV/Sales, which is used for valuing capital intensive stocks like aerospace-defense equipment, the industry is currently trading at 2.42X compared with the S&P 500's 3.27X and the sector's 2.16X.
Over the past five years, the industry has traded as high as 2.75X, as low as 2.28X, and at the median of 2.49X.
3 Aerospace-Defense Equipment Stocks to Buy
Ducommun: Based in Santa Ana, CA, Ducommun manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. In May 2022, the company reported its first-quarter 2022 results, wherein its revenues rose 4% year over year, while adjusted earnings per share improved by a penny.
The Zacks Consensus Estimate for Ducommun's 2022 earnings indicates a 25.9% improvement from 2021's reported figure, while that for sales projects an increase of 9%. The company currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Transdigm Group: Based in Cleveland, OH, Transdigm Group's diversified portfolio of highly engineered proprietary aerospace components enjoys solid demand in the aircraft market. In May 2022, the company reported its second-quarter fiscal 2022 results, wherein its net sales increased a solid 11% year over year, while adjusted earnings increased 50%.
The Zacks Consensus Estimate for TDG's fiscal 2022 earnings implies an improvement of 37.1% from fiscal 2021's reported figure. Its long-term earnings growth estimate is pegged at 24.3%. The company currently holds a Zacks Rank #2 (Buy).
Curtiss-Wright: Davidson, N.C.-based Curtiss-Wright provides highly engineered products and services for high-performance platforms and critical applications in key areas such as commercial aerospace and defense electronics, reactor coolant pumps for next-generation nuclear reactors as well as advanced surface treatment technologies. In May 2022, Curtiss-Wright announced a 6% hike in its quarterly dividend to 19 cents per share.
The Zacks Consensus Estimate for CW's 2022 earnings suggests an annual improvement of 11.7%, while that for 2022 sales indicates an increase of 2.4%. The company currently has a Zacks Rank #2.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Transdigm Group Incorporated (TDG): Free Stock Analysis Report
CurtissWright Corporation (CW): Free Stock Analysis Report
Ducommun Incorporated (DCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For Immediate Release Chicago, IL – July 1, 2022 – Today, Zacks Equity Research discusses TransDigm Group TDG, Curtiss-Wright CW and Ducommun DCO. Ducommun Incorporated (DCO): Free Stock Analysis Report Per the latest global outlook published by the International Air Transport Association (IATA) in June 2022, recovery in industry revenue per kilometer is expected to gather pace this year as vaccine rollouts continue, travel restrictions are lifted, and more routes are re-opened. | For Immediate Release Chicago, IL – July 1, 2022 – Today, Zacks Equity Research discusses TransDigm Group TDG, Curtiss-Wright CW and Ducommun DCO. Ducommun Incorporated (DCO): Free Stock Analysis Report Industry: Defense Equipment Link: https://www.zacks.com/commentary/1946100/3-defense-equipment-stocks-to-buy-amid-improved-air-traffic-view Recovery in revenue per kilometer is expected to gather pace in 2022, thereby boosting prospects of aerospace-defense equipment stocks. | For Immediate Release Chicago, IL – July 1, 2022 – Today, Zacks Equity Research discusses TransDigm Group TDG, Curtiss-Wright CW and Ducommun DCO. Ducommun Incorporated (DCO): Free Stock Analysis Report About the Industry The Zacks Aerospace-Defense Equipment industry comprises firms that manufacture a wide variety of vital components for the aerospace-defense space, ranging from aerostructures, space shuttles, propulsion systems, aircraft engines, defense electronics, missile and radar systems to flight test equipment, structural adhesives, instrumentation and control systems, communication products and many more. | For Immediate Release Chicago, IL – July 1, 2022 – Today, Zacks Equity Research discusses TransDigm Group TDG, Curtiss-Wright CW and Ducommun DCO. Ducommun Incorporated (DCO): Free Stock Analysis Report Some key players in this industry include TransDigm Group, Curtiss-Wright and Ducommun. | 056c2fe0-41ec-4bdb-a589-c7fbff58105b |
710150.0 | 2022-06-30 00:00:00 UTC | 3 Defense Equipment Stocks to Buy Amid Improved Air Traffic View | DCO | https://www.nasdaq.com/articles/3-defense-equipment-stocks-to-buy-amid-improved-air-traffic-view | nan | nan | Recovery in revenue per kilometer is expected to gather pace in 2022, thereby boosting prospects of aerospace-defense equipment stocks. Also, airline financial performance in North America is expected to return to profitability in 2022. Moreover, frequent mergers and acquisitions tend to boost revenue generation prospects along with the production efficiency of the industry players. However, COVID-led supply chain disruption might result in lower earnings and cash flows for the industry. Nevertheless, the ongoing feud between Russia and Ukraine is expected to boost investment in the industry. Some key players in this industry include TransDigm Group TDG, Curtiss-Wright CW and Ducommun DCO.
About the Industry
The Zacks Aerospace-Defense Equipment industry comprises firms that manufacture a wide variety of vital components for the aerospace-defense space, ranging from aerostructures, space shuttles, propulsion systems, aircraft engines, defense electronics, missile and radar systems to flight test equipment, structural adhesives, instrumentation and control systems, communication products and many more. A few of these companies also offer integrated simulation and training services to the U.S. defense force. While the majority of the revenues is generated from the production of the aforementioned accompaniments, the industry players also generate revenues by providing notable aftermarket support and services like maintenance, repair and overhaul activities to aerospace and defense players.
4 Trends Shaping the Future of the Aerospace-Defense Equipment Industry
New M&As Instill Hopes: Rising competition has historically prompted industry majors to expand their product lines through small and medium-sized mergers and acquisitions (M&As) besides the big mergers witnessed in the industry. In May 2022, TransDigm Group completed the acquisition of aviation aftermarket components manufacturer Dart Aerospace for $360 million. The transaction is expected to boost TransDigm’s portfolio with a diverse range of new and existing rotary-wing platforms as well as strong aftermarket content. Such consolidations should improve economies of scale for the industry as a whole, with the industry players having access to such diversified business models.
Recovering Air Traffic View Boosts Prospects: World air travel data, which dwindled at the onset of 2022, thanks to the sporadic outbreak of the Omicron variant, has regained its growth trajectory in the past few months. Per the latest global outlook published by the International Air Transport Association (IATA) in June 2022, recovery in industry revenue per kilometer is expected to gather pace this year as vaccine rollouts continue, travel restrictions are lifted, and more routes are re-opened. Moreover, airline financial performance is expected to improve in all regions in 2022, with North America being the only region expected to return to profitability this year. This surely makes us optimistic about the near-term growth prospects of aerospace-defense equipment industry stocks, especially those engaged in commercial aviation.
Socio-Political Uncertainty to Aid: Widespread geopolitical as well as socio-economic tensions have been a growth driver for the aerospace and defense equipment industry for decades. In recent times, escalating international terrorist attacks along with civil wars like the ones in the Middle East have been boosting the prospects of this space. In particular, U.S. defense contractors’ prospects in this region remain high, thanks to the constant military conflict that has been taking place between Israel and Syria for quite some time now. Moreover, the latest feud that erupted after Russia attacked Ukraine and the United States’ strong opposition to this hostile action of Russia boosted the prospects of America’s defense companies. Such geopolitical tensions are expected to be beneficial for the aerospace-defense equipment industry.
Supply Chain Disruption Poses Risk: The COVID-19 pandemic has led to an unprecedented crisis in the aerospace and defense (A&D) supply chain. Original Equipment Manufacturers (OEMs) need to dramatically scale back their capacity to reflect the new realities of the commercial air travel market. Such OEM rate reductions have been affecting the extended commercial aerospace manufacturing supply chain, which might result in lower earnings and cash flows for the aerospace and defense equipment industry in the near term.
Zacks Industry Rank Reflects Bright Outlook
The Zacks Aerospace-Defense Equipment industry is housed within the broader Zacks Aerospace sector. It currently carries a Zacks Industry Rank #89, which places it in the top 36% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates encouraging near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
The industry’s position in the top% of the Zacks-ranked industries is due to a positive earnings outlook for the constituent companies in aggregate.
Looking at the aggregate earnings estimate revisions, it appears that analysts have gained confidence in this group’s earnings growth potential over the past few months. Evidently, the industry’s earnings estimate for the current fiscal year has gone up 0.8% to $3.76 since April 2022.
Before we present a few aerospace-defense equipment stocks that you may want to add to your portfolio, let’s take a look at the industry’s recent stock market performance and valuation picture.
Industry Beats S&P 500 & Sector
The Aerospace-Defense Equipment industry has outperformed the Zacks S&P 500 composite as well as its own sector over the past year. The stocks in this industry have collectively lost 3.4% while the Aerospace sector declined of 21.7%. The Zacks S&P 500 composite has dropped 11.5% in the same timeframe.
One-Year Price Performance
Industry's Current Valuation
On the basis of trailing 12-month EV/Sales, which is used for valuing capital intensive stocks like aerospace-defense equipment, the industry is currently trading at 2.42X compared with the S&P 500’s 3.27X and the sector’s 2.16X.
Over the past five years, the industry has traded as high as 2.75X, as low as 2.28X, and at the median of 2.49X, as the charts show below.
EV-Sales Ratio TTM
3 Aerospace-Defense Equipment Stocks to Buy
Ducommun: Based in Santa Ana, CA, Ducommun manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. In May 2022, the company reported its first-quarter 2022 results, wherein its revenues rose 4% year over year, while adjusted earnings per share improved by a penny.
The Zacks Consensus Estimate for Ducommun’s 2022 earnings indicates a 25.9% improvement from 2021’s reported figure, while that for sales projects an increase of 9%. The company currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Price & Consensus: DCO
Transdigm Group: Based in Cleveland, OH, Transdigm Group’s diversified portfolio of highly engineered proprietary aerospace components enjoys solid demand in the aircraft market. In May 2022, the company reported its second-quarter fiscal 2022 results, wherein its net sales increased a solid 11% year over year, while adjusted earnings increased 50%.
The Zacks Consensus Estimate for TDG’s fiscal 2022 earnings implies an improvement of 37.1% from fiscal 2021’s reported figure. Its long-term earnings growth estimate is pegged at 24.3%. The company currently holds a Zacks Rank #2 (Buy).
Price & Consensus: TDG
Curtiss-Wright: Davidson, N.C.-based Curtiss-Wright provides highly engineered products and services for high-performance platforms and critical applications in key areas such as commercial aerospace and defense electronics, reactor coolant pumps for next-generation nuclear reactors as well as advanced surface treatment technologies. In May 2022, Curtiss-Wright announced a 6% hike in its quarterly dividend to 19 cents per share.
The Zacks Consensus Estimate for CW’s 2022 earnings suggests an annual improvement of 11.7%, while that for 2022 sales indicates an increase of 2.4%. The company currently has a Zacks Rank #2.
Price & Consensus: CW
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Transdigm Group Incorporated (TDG): Free Stock Analysis Report
CurtissWright Corporation (CW): Free Stock Analysis Report
Ducommun Incorporated (DCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some key players in this industry include TransDigm Group TDG, Curtiss-Wright CW and Ducommun DCO. Price & Consensus: DCO Ducommun Incorporated (DCO): Free Stock Analysis Report | Some key players in this industry include TransDigm Group TDG, Curtiss-Wright CW and Ducommun DCO. Price & Consensus: DCO Ducommun Incorporated (DCO): Free Stock Analysis Report | Some key players in this industry include TransDigm Group TDG, Curtiss-Wright CW and Ducommun DCO. Price & Consensus: DCO Ducommun Incorporated (DCO): Free Stock Analysis Report | Some key players in this industry include TransDigm Group TDG, Curtiss-Wright CW and Ducommun DCO. Price & Consensus: DCO Ducommun Incorporated (DCO): Free Stock Analysis Report | ca41e018-c9f6-48b3-8f94-a57678a11834 |
710151.0 | 2022-04-26 00:00:00 UTC | Earnings Preview: Ducommun (DCO) Q1 Earnings Expected to Decline | DCO | https://www.nasdaq.com/articles/earnings-preview%3A-ducommun-dco-q1-earnings-expected-to-decline-0 | nan | nan | Wall Street expects a year-over-year decline in earnings on higher revenues when Ducommun (DCO) reports results for the quarter ended March 2022. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 3. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This aerospace industry supplier is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of -8.6%.
Revenues are expected to be $160.85 million, up 2.4% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Ducommun?
For Ducommun, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +18.10%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Ducommun will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Ducommun would post earnings of $0.79 per share when it actually produced earnings of $0.79, delivering no surprise.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Ducommun doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Ducommun Incorporated (DCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Wall Street expects a year-over-year decline in earnings on higher revenues when Ducommun (DCO) reports results for the quarter ended March 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. | Wall Street expects a year-over-year decline in earnings on higher revenues when Ducommun (DCO) reports results for the quarter ended March 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. | Wall Street expects a year-over-year decline in earnings on higher revenues when Ducommun (DCO) reports results for the quarter ended March 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. | Wall Street expects a year-over-year decline in earnings on higher revenues when Ducommun (DCO) reports results for the quarter ended March 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 3. | 4504e19b-8710-4ca9-adac-d27d8cf0d3ff |
710152.0 | 2022-04-26 00:00:00 UTC | Earnings Preview: Ducommun (DCO) Q1 Earnings Expected to Decline | DCO | https://www.nasdaq.com/articles/earnings-preview%3A-ducommun-dco-q1-earnings-expected-to-decline | nan | nan | Wall Street expects a year-over-year decline in earnings on higher revenues when Ducommun (DCO) reports results for the quarter ended March 2022. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 3. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This aerospace industry supplier is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of -8.6%.
Revenues are expected to be $160.85 million, up 2.4% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Ducommun?
For Ducommun, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +18.10%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Ducommun will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Ducommun would post earnings of $0.79 per share when it actually produced earnings of $0.79, delivering no surprise.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Ducommun doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Ducommun Incorporated (DCO): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Wall Street expects a year-over-year decline in earnings on higher revenues when Ducommun (DCO) reports results for the quarter ended March 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. | Wall Street expects a year-over-year decline in earnings on higher revenues when Ducommun (DCO) reports results for the quarter ended March 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. | Wall Street expects a year-over-year decline in earnings on higher revenues when Ducommun (DCO) reports results for the quarter ended March 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. | Wall Street expects a year-over-year decline in earnings on higher revenues when Ducommun (DCO) reports results for the quarter ended March 2022. Ducommun Incorporated (DCO): Free Stock Analysis Report The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 3. | 81ac18b1-7a55-4d7a-8dc5-26a27bfc592e |
710153.0 | 2022-04-22 00:00:00 UTC | Will Soft Segmental Sales Hurt Northrop's (NOC) Q1 Earnings? | DCO | https://www.nasdaq.com/articles/will-soft-segmental-sales-hurt-northrops-noc-q1-earnings | nan | nan | Northrop Grumman Corporation NOC is scheduled to report first-quarter 2022 results on Apr 28 before market open.
Northrop has a four-quarter earnings surprise of 11.05%, on average. The company’s top-line performance might have been dampened by an anticipated decline in the majority of its segment sales.
Aeronautic Systems – a Drag on Revenues
Lower volumes in manned aircraft and autonomous systems might have unfavorably contributed to the first-quarter revenue performance of the segment. Moreover, lower F-35 sales are likely to have negatively impacted the Aeronautic segment’s performance in the soon-to-be-reported quarter. This, in turn, might have resulted in lower revenues from the segment in the first quarter.
The Zacks Consensus Estimate for Aeronautic Systems’ revenues in the first quarter is pegged at $2,668 million, indicating a decline of 10.8% from the revenues reported in the year-ago quarter.
Defense Systems’ Performance Remains Gloomy
The closing of the contract at the U.S. Army’s Lake City ammunition plant might have negatively impacted Defense Systems’ revenues in the soon-to-be-reported quarter. However, higher volumes in medium-caliber weapon programs might have partially offset the downside effect on this segment’s performance.
The Zacks Consensus Estimate for the Defense Systems segment’s revenues in the first quarter is pegged at $1,440 million, indicating a decline of 7.8% from the revenues reported in the year-ago quarter.
Mission Systems’ Sales Performance Appears Sluggish
Northrop’s Mission Systems segment may reflect the impact of the reduction in sales related to the IT services divestiture, which might have impacted this segment’s sales performance in the first quarter. However, higher volumes in land systems and infrared countermeasure programs are expected to have benefited this segment’s sales performance in the soon-to-be-reported quarter.
The Zacks Consensus Estimate for Mission System’s revenues in the first quarter is pegged at $2,593 million, indicating a rise of 0.2% from the revenues reported in the year-ago quarter.
Space Systems – a Key Contributor
Revenues from the Space System business unit are expected to have gained from higher sales from the Launch & Strategic Missiles and Space business areas. This, in turn, must have boosted the segment’s revenues in the soon-to-be-reported quarter. Moreover, the positive impact of the launch of Webb Space and NASA's Artemis mission is expected to have benefited the revenue performance of the segment in the soon-to-be-reported quarter.
The Zacks Consensus Estimate for Space System’s revenues in the first quarter is pegged at $2,722 million, indicating an increase of 8% from the revenues reported in the year-ago quarter.
First-Quarter Estimates
With the majority of NOC’s segments likely to report lower sales, one can remain skeptical about the company’s top line in the soon-to-be-reported quarter. The Zacks Consensus Estimate for first-quarter sales is pegged at $8.88 billion, indicating a decrease of 3.1% from the prior-year reported figure.
Northrop expects its earnings to benefit from corporate unallocated and pension adjustments, which might have added impetus to its bottom line in the soon-to-be-reported quarter. Also, the company’s disciplined approach to cost management may have benefited its bottom line in the first quarter.
However, supply-chain challenges, labor shortages and increasing inflation are some of the factors that might have adversely impacted the company’s first-quarter bottom line.
The Zacks Consensus Estimate for first-quarter earningsis pegged at $5.95 per share, indicating a decrease of 9.4% from the prior-year reported figure.
Northrop Grumman Corporation Price and EPS Surprise
Northrop Grumman Corporation price-eps-surprise | Northrop Grumman Corporation Quote
What the Zacks Model Unveils
Our proven model predicts an earnings beat for NOC this time. The combination of a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.
Northrop has an Earnings ESP of +1.32% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks to Consider
Here are three other defense players you may want to consider as they also have the right combination of elements to post an earnings beat this season:
Spirit Aerosystems SPR has an Earnings ESP of +9.34% and a Zacks Rank #3. Spirit Aerosystems has a four-quarter average negative earnings surprise of 14.56%.
The Zacks Consensus Estimate for SPR’s first-quarter earnings indicates an improvement of 50% from the prior-year reported figure.
CAE CAE has an Earnings ESP of +11.11% and a Zacks Rank #3. CAE delivered a four-quarter average earnings surprise of 0.72%.
The long-term earnings growth rate of CAE is pegged at 8%. The Zacks Consensus Estimate for CAE’s first-quarter earnings is pegged at 18 cents per share.
Ducommun DCO has an Earnings ESP of +18.10% and a Zacks Rank #3. Ducommun delivered a four-quarter average earnings surprise of 3.80%.
The Zacks Consensus Estimate for DCO’s first-quarter sales and earnings is pegged at $160.9 million and 53 cents per share, respectively.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Northrop Grumman Corporation (NOC): Free Stock Analysis Report
Spirit Aerosystems Holdings, Inc. (SPR): Free Stock Analysis Report
CAE Inc (CAE): Free Stock Analysis Report
Ducommun Incorporated (DCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ducommun DCO has an Earnings ESP of +18.10% and a Zacks Rank #3. The Zacks Consensus Estimate for DCO’s first-quarter sales and earnings is pegged at $160.9 million and 53 cents per share, respectively. Ducommun Incorporated (DCO): Free Stock Analysis Report | Ducommun DCO has an Earnings ESP of +18.10% and a Zacks Rank #3. The Zacks Consensus Estimate for DCO’s first-quarter sales and earnings is pegged at $160.9 million and 53 cents per share, respectively. Ducommun Incorporated (DCO): Free Stock Analysis Report | Ducommun DCO has an Earnings ESP of +18.10% and a Zacks Rank #3. The Zacks Consensus Estimate for DCO’s first-quarter sales and earnings is pegged at $160.9 million and 53 cents per share, respectively. Ducommun Incorporated (DCO): Free Stock Analysis Report | Ducommun DCO has an Earnings ESP of +18.10% and a Zacks Rank #3. The Zacks Consensus Estimate for DCO’s first-quarter sales and earnings is pegged at $160.9 million and 53 cents per share, respectively. Ducommun Incorporated (DCO): Free Stock Analysis Report | 8a3d11e3-6cf8-4fa6-9f78-fe4f3f33f881 |
710154.0 | 2022-04-21 00:00:00 UTC | Will Strong Sales Momentum Boost Teledyne's (TDY) Q1 Earnings? | DCO | https://www.nasdaq.com/articles/will-strong-sales-momentum-boost-teledynes-tdy-q1-earnings | nan | nan | Teledyne Technologies Incorporated TDY is slated to report its first-quarter 2022 results on Apr 27 before market open.
Teledyne has a four-quarter earnings surprise of 24.72%, on average. The solid performance of the majority of TDY’s segments in the first quarter is likely to have favorably contributed to the company’s overall results.
Digital Imaging – a Key Catalyst for Revenues
The Teledyne FLIR business has been instrumental to the Digital Imaging segment’s revenues since the acquisition of FLIR. It is likely to have once again contributed favorably to the Digital Imaging segment’s revenues in the soon-to-be-reported quarter. Additionally, the strong sales growth of the industrial and scientific vision sensors and systems is expected to have benefited the top line of the segment in the first quarter.
The Zacks Consensus Estimate for the Digital Imaging segment’s revenues in the first quarter is pegged at $756 million, indicating a whopping improvement of 187% from the revenues reported in the year-ago quarter.
Instrumentation Revenues – Another Growth Driver
The Instrumentation business segment’s revenues are anticipated to have continued their growth pace in the first quarter as well. The higher sales of electronic tests and measurement instrumentation, marine instrumentation and environmental instrumentation are likely to have boosted the top line of this segment.
The Zacks Consensus Estimate for the Instrumentation segment’s revenues in the first quarter is pegged at $297 million, indicating an improvement of 3.5% from the revenues reported in the year-ago quarter.
Aerospace & Defense Electronics Revenues May Continue to be Strong
The robust sales volume of Teledyne’s commercial aerospace products, buoyed by the significant recovery in the commercial aerospace segment, is likely to have bolstered the Aerospace and Defense Electronics segment’s first-quarter revenues. Moreover, the higher sales of defense and space electronics products are expected to have positively impacted the segment’s revenues in the soon-to-be-reported quarter.
The Zacks Consensus Estimate for Aerospace and Defense Electronics’ revenues in the first quarter is pegged at $161 million, indicating growth of 6.6% from the revenues reported in the year-ago quarter.
Engineered Systems’Performance Remains Gloomy
Engineered systems’ revenues are likely to have been dented by the lower sales of engineered products. Also, lower sales from the turbine engine business, mainly due to its exit from the business last year, are anticipated to have once again impacted this segment’s performance in the to-be-reported quarter. The Zacks Consensus Estimate for Engineered Systems’ revenues in the first quarter is pegged at $102.1 million, indicating a decline of 2.9% from the revenues reported in the year-ago quarter.
Other Factors to Consider
Such growth expectations from the majority of its segments make Teledyne optimistic about its overall revenue performance in the first quarter. This is likely to have bolstered the bottom line of the company. However, the impact of inflation and supply-chain constraints might have had an adverse impact on TDY’s soon-to-be-reported quarterly results.
Teledyne Technologies Incorporated Price and EPS Surprise
Teledyne Technologies Incorporated price-eps-surprise | Teledyne Technologies Incorporated Quote
Q1 Estimates
The Zacks Consensus Estimate for first-quarter revenues is pegged at $1.33 billion, suggesting growth of 64.5% from the figure reported in the year-ago quarter.
The Zacks Consensus Estimate for first-quarter earningsis pegged at $4.09 per share, indicating a 35.4% surge from the prior-year reported figure.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Teledyne this time. The combination of a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here.
Teledyne has an Earnings ESP of -1.71% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are three defense players you may want to consider as they have the right combination of elements to post an earnings beat this season:
Spirit Aerosystems SPR has an Earnings ESP of +9.34% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Spirit Aerosystems has a four-quarter average negative earnings surprise of 14.56%. The Zacks Consensus Estimate for SPR’s first-quarter earnings indicates an improvement of 21.5% from the prior-year reported figure.
CAE CAE has an Earnings ESP of +11.11% and a Zacks Rank #3. CAE delivered a four-quarter average earnings surprise of 0.72%.
The long-term earnings growth rate of CAE is pegged at 8%. The Zacks Consensus Estimate for CAE’s first-quarter earnings is pegged at 18 cents per share.
Ducommun DCO has an Earnings ESP of +18.10% and a Zacks Rank #3. Ducommun delivered a four-quarter average earnings surprise of 3.80%.
The Zacks Consensus Estimate for DCO’s first-quarter sales and earnings is pegged at $160.9 million and 53 cents per share, respectively.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Spirit Aerosystems Holdings, Inc. (SPR): Free Stock Analysis Report
Teledyne Technologies Incorporated (TDY): Free Stock Analysis Report
CAE Inc (CAE): Free Stock Analysis Report
Ducommun Incorporated (DCO): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ducommun DCO has an Earnings ESP of +18.10% and a Zacks Rank #3. The Zacks Consensus Estimate for DCO’s first-quarter sales and earnings is pegged at $160.9 million and 53 cents per share, respectively. Ducommun Incorporated (DCO): Free Stock Analysis Report | Ducommun DCO has an Earnings ESP of +18.10% and a Zacks Rank #3. The Zacks Consensus Estimate for DCO’s first-quarter sales and earnings is pegged at $160.9 million and 53 cents per share, respectively. Ducommun Incorporated (DCO): Free Stock Analysis Report | Ducommun DCO has an Earnings ESP of +18.10% and a Zacks Rank #3. The Zacks Consensus Estimate for DCO’s first-quarter sales and earnings is pegged at $160.9 million and 53 cents per share, respectively. Ducommun Incorporated (DCO): Free Stock Analysis Report | Ducommun DCO has an Earnings ESP of +18.10% and a Zacks Rank #3. The Zacks Consensus Estimate for DCO’s first-quarter sales and earnings is pegged at $160.9 million and 53 cents per share, respectively. Ducommun Incorporated (DCO): Free Stock Analysis Report | 7094831c-1cc0-43be-99cd-8ec613b7a660 |
710155.0 | 2022-02-26 00:00:00 UTC | Validea Peter Lynch Strategy Daily Upgrade Report - 2/26/2022 | DCO | https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-2-26-2022 | nan | nan | The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
DUCOMMUN INCORPORATED (DCO) is a small-cap value stock in the Aerospace & Defense industry. The rating according to our strategy based on Peter Lynch changed from 74% to 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure applications used primarily in the aerospace and defense (A&D), industrial, medical and other industries. The Company's segments include Electronic Systems and Structural Systems. The Electronic Systems segment has product offerings in electronics manufacturing for various applications, such as complex cable assemblies and interconnect systems, printed circuit board assemblies, electronic, electromechanical, and mechanical components and assemblies and lightning diversion systems. This segment also provides engineering services for aerospace system design, development, integration, and testing. The Structural Systems segment has approximately three product offerings to support a global customer base, including commercial aircraft, military fixed-wing aircraft, and military and commercial rotary-wing aircraft.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of DUCOMMUN INCORPORATED
Full Guru Analysis for DCO
Full Factor Report for DCO
SLEEP NUMBER CORP (SNBR) is a small-cap value stock in the Furniture & Fixtures industry. The rating according to our strategy based on Peter Lynch changed from 56% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Sleep Number Corporation is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company's Sleep Number bedding collection features a full line of sleep products designed to improve sleep comfort and quality, including a range of pillow sizes and shapes that fit each individual's preferred sleeping position. The Company's Sleep Number 360 smart beds provide each sleeper with adjustable, personalized comfort for quality sleep. It also offers a full line of exclusive FlexFit smart adjustable bases that allow customers to raise the head or foot of the bed. Its SleepIQ Kids k2 bed adjusts with children as they grow, giving them the best possible sleep. The Company also offers a variety of temperature-balancing products including the DualTemp layer. This sleep features active air technology that allows each sleeper to select their ideal temperature at the simple touch of a button and can be used with any mattress brand or adjustable base.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of SLEEP NUMBER CORP
Full Guru Analysis for SNBR
Full Factor Report for SNBR
TELEFONICA BRASIL SA (ADR) (VIV) is a large-cap value stock in the Communications Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Telefonica Brasil S.A. is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services. Its operations consist of local and long distance fixed telephone services; mobile services, including value-added services; data services, including broadband services and mobile data services; Pay television services through direct to home (DTH), Internet protocol television (IPTV) and cable; network services, such as rental of facilities, as well as other services; wholesale services, including interconnection; digital services; services designed specifically for corporate customers, and the sale of wireless devices and accessories.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SALES: PASS
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of TELEFONICA BRASIL SA (ADR)
Full Guru Analysis for VIV
Full Factor Report for VIV
More details on Validea's Peter Lynch strategy
Peter Lynch Stock Ideas
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | DUCOMMUN INCORPORATED (DCO) is a small-cap value stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INCORPORATED Full Guru Analysis for DCO Full Factor Report for DCO SLEEP NUMBER CORP (SNBR) is a small-cap value stock in the Furniture & Fixtures industry. It also offers a full line of exclusive FlexFit smart adjustable bases that allow customers to raise the head or foot of the bed. | DUCOMMUN INCORPORATED (DCO) is a small-cap value stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INCORPORATED Full Guru Analysis for DCO Full Factor Report for DCO SLEEP NUMBER CORP (SNBR) is a small-cap value stock in the Furniture & Fixtures industry. Detailed Analysis of SLEEP NUMBER CORP Full Guru Analysis for SNBR Full Factor Report for SNBR TELEFONICA BRASIL SA (ADR) (VIV) is a large-cap value stock in the Communications Services industry. | DUCOMMUN INCORPORATED (DCO) is a small-cap value stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INCORPORATED Full Guru Analysis for DCO Full Factor Report for DCO SLEEP NUMBER CORP (SNBR) is a small-cap value stock in the Furniture & Fixtures industry. The Company's Sleep Number bedding collection features a full line of sleep products designed to improve sleep comfort and quality, including a range of pillow sizes and shapes that fit each individual's preferred sleeping position. | DUCOMMUN INCORPORATED (DCO) is a small-cap value stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INCORPORATED Full Guru Analysis for DCO Full Factor Report for DCO SLEEP NUMBER CORP (SNBR) is a small-cap value stock in the Furniture & Fixtures industry. The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. | 8b3edd99-aa3d-4c13-a657-cadae53b3b56 |
710156.0 | 2022-02-23 00:00:00 UTC | Ducommun (DCO) Q4 Earnings Meet Estimates | DCO | https://www.nasdaq.com/articles/ducommun-dco-q4-earnings-meet-estimates | nan | nan | Ducommun (DCO) came out with quarterly earnings of $0.79 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this aerospace industry supplier would post earnings of $0.77 per share when it actually produced earnings of $0.83, delivering a surprise of 7.79%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Ducommun, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $164.84 million for the quarter ended December 2021, missing the Zacks Consensus Estimate by 1.30%. This compares to year-ago revenues of $157.79 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ducommun shares have lost about 0.6% since the beginning of the year versus the S&P 500's decline of -9.7%.
What's Next for Ducommun?
While Ducommun has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ducommun: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.71 on $167.07 million in revenues for the coming quarter and $3.32 on $686.88 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense Equipment is currently in the bottom 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, AeroVironment (AVAV), has yet to report results for the quarter ended January 2022.
This maker of unmanned aircrafts is expected to post quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of +157.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
AeroVironment's revenues are expected to be $109.88 million, up 39.5% from the year-ago quarter.
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Ducommun Incorporated (DCO): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ducommun (DCO) came out with quarterly earnings of $0.79 per share, in line with the Zacks Consensus Estimate. Ducommun Incorporated (DCO): Free Stock Analysis Report Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. | Ducommun (DCO) came out with quarterly earnings of $0.79 per share, in line with the Zacks Consensus Estimate. Ducommun Incorporated (DCO): Free Stock Analysis Report Ducommun, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $164.84 million for the quarter ended December 2021, missing the Zacks Consensus Estimate by 1.30%. | Ducommun (DCO) came out with quarterly earnings of $0.79 per share, in line with the Zacks Consensus Estimate. Ducommun Incorporated (DCO): Free Stock Analysis Report Ducommun, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $164.84 million for the quarter ended December 2021, missing the Zacks Consensus Estimate by 1.30%. | Ducommun (DCO) came out with quarterly earnings of $0.79 per share, in line with the Zacks Consensus Estimate. Ducommun Incorporated (DCO): Free Stock Analysis Report While Ducommun has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? | 89f1f34e-6f72-4889-8159-6b91dbe128f6 |
710157.0 | 2022-02-22 00:00:00 UTC | Kratos (KTOS) Beats Q4 Earnings and Revenue Estimates | DCO | https://www.nasdaq.com/articles/kratos-ktos-beats-q4-earnings-and-revenue-estimates | nan | nan | Kratos (KTOS) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 22.22%. A quarter ago, it was expected that this military contractor would post earnings of $0.07 per share when it actually produced earnings of $0.09, delivering a surprise of 28.57%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Kratos, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $211.6 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 1.43%. This compares to year-ago revenues of $206.4 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Kratos shares have lost about 15.2% since the beginning of the year versus the S&P 500's decline of -8.8%.
What's Next for Kratos?
While Kratos has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Kratos: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.07 on $190 million in revenues for the coming quarter and $0.37 on $881.34 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense Equipment is currently in the bottom 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Ducommun (DCO), has yet to report results for the quarter ended December 2021. The results are expected to be released on February 23.
This aerospace industry supplier is expected to post quarterly earnings of $0.79 per share in its upcoming report, which represents a year-over-year change of -11.2%. The consensus EPS estimate for the quarter has been revised 1.4% lower over the last 30 days to the current level.
Ducommun's revenues are expected to be $167.02 million, up 5.9% from the year-ago quarter.
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Kratos Defense & Security Solutions, Inc. (KTOS): Free Stock Analysis Report
Ducommun Incorporated (DCO): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Another stock from the same industry, Ducommun (DCO), has yet to report results for the quarter ended December 2021. Ducommun Incorporated (DCO): Free Stock Analysis Report Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. | Another stock from the same industry, Ducommun (DCO), has yet to report results for the quarter ended December 2021. Ducommun Incorporated (DCO): Free Stock Analysis Report Kratos, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $211.6 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 1.43%. | Another stock from the same industry, Ducommun (DCO), has yet to report results for the quarter ended December 2021. Ducommun Incorporated (DCO): Free Stock Analysis Report Kratos (KTOS) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.09 per share. | Another stock from the same industry, Ducommun (DCO), has yet to report results for the quarter ended December 2021. Ducommun Incorporated (DCO): Free Stock Analysis Report Kratos (KTOS) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.09 per share. | 3e416f35-8dba-4802-87bb-932944fdcab0 |
710158.0 | 2022-01-19 00:00:00 UTC | We Think Ducommun (NYSE:DCO) Is Taking Some Risk With Its Debt | DCO | https://www.nasdaq.com/articles/we-think-ducommun-nyse%3Adco-is-taking-some-risk-with-its-debt | nan | nan | Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that debt - which is usually involved in bankruptcies - is a very important factor, when you assess how risky a company is. Importantly, Ducommun Incorporated (NYSE:DCO) does carry debt. But the more important question is: how much risk is that debt creating?
When Is Debt Dangerous?
Generally speaking, debt only becomes a real problem when a company can't easily pay it off, either by raising capital or with its own cash flow. If things get really bad, the lenders can take control of the business. However, a more usual (but still expensive) situation is where a company must dilute shareholders at a cheap share price simply to get debt under control. Of course, plenty of companies use debt to fund growth, without any negative consequences. When we examine debt levels, we first consider both cash and debt levels, together.
What Is Ducommun's Debt?
You can click the graphic below for the historical numbers, but it shows that Ducommun had US$298.0m of debt in October 2021, down from US$347.3m, one year before. However, because it has a cash reserve of US$8.97m, its net debt is less, at about US$289.1m.
NYSE:DCO Debt to Equity History January 19th 2022
How Healthy Is Ducommun's Balance Sheet?
Zooming in on the latest balance sheet data, we can see that Ducommun had liabilities of US$134.2m due within 12 months and liabilities of US$344.6m due beyond that. Offsetting these obligations, it had cash of US$8.97m as well as receivables valued at US$252.6m due within 12 months. So its liabilities outweigh the sum of its cash and (near-term) receivables by US$217.3m.
Ducommun has a market capitalization of US$527.8m, so it could very likely raise cash to ameliorate its balance sheet, if the need arose. But we definitely want to keep our eyes open to indications that its debt is bringing too much risk.
We measure a company's debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover). Thus we consider debt relative to earnings both with and without depreciation and amortization expenses.
Ducommun's debt is 3.7 times its EBITDA, and its EBIT cover its interest expense 4.5 times over. Taken together this implies that, while we wouldn't want to see debt levels rise, we think it can handle its current leverage. Sadly, Ducommun's EBIT actually dropped 4.1% in the last year. If that earnings trend continues then its debt load will grow heavy like the heart of a polar bear watching its sole cub. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately the future profitability of the business will decide if Ducommun can strengthen its balance sheet over time. So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.
Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. So the logical step is to look at the proportion of that EBIT that is matched by actual free cash flow. Over the last three years, Ducommun reported free cash flow worth 11% of its EBIT, which is really quite low. For us, cash conversion that low sparks a little paranoia about is ability to extinguish debt.
Our View
On the face of it, Ducommun's net debt to EBITDA left us tentative about the stock, and its conversion of EBIT to free cash flow was no more enticing than the one empty restaurant on the busiest night of the year. Having said that, its ability to handle its total liabilities isn't such a worry. Looking at the balance sheet and taking into account all these factors, we do believe that debt is making Ducommun stock a bit risky. That's not necessarily a bad thing, but we'd generally feel more comfortable with less leverage. There's no doubt that we learn most about debt from the balance sheet. But ultimately, every company can contain risks that exist outside of the balance sheet. For example Ducommun has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.
If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Importantly, Ducommun Incorporated (NYSE:DCO) does carry debt. NYSE:DCO Debt to Equity History January 19th 2022 How Healthy Is Ducommun's Balance Sheet? Generally speaking, debt only becomes a real problem when a company can't easily pay it off, either by raising capital or with its own cash flow. | Importantly, Ducommun Incorporated (NYSE:DCO) does carry debt. NYSE:DCO Debt to Equity History January 19th 2022 How Healthy Is Ducommun's Balance Sheet? We measure a company's debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover). | Importantly, Ducommun Incorporated (NYSE:DCO) does carry debt. NYSE:DCO Debt to Equity History January 19th 2022 How Healthy Is Ducommun's Balance Sheet? When we examine debt levels, we first consider both cash and debt levels, together. | Importantly, Ducommun Incorporated (NYSE:DCO) does carry debt. NYSE:DCO Debt to Equity History January 19th 2022 How Healthy Is Ducommun's Balance Sheet? What Is Ducommun's Debt? | a3bf7a72-e2d4-427a-9310-021647807923 |
710159.0 | 2022-01-11 00:00:00 UTC | Validea Peter Lynch Strategy Daily Upgrade Report - 1/11/2022 | DCO | https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-1-11-2022 | nan | nan | The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
CALAMOS LONG/SHRT EQTY&DYCINCMTRMTST (CPZ) is a small-cap value stock in the Misc. Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Calamos Long/Short Equity & Dynamic Income Trust (CPZ) is a closed-end fund that seeks to provide current income and risk-managed capital appreciation. The Fund seeks to provide hedged market exposure built around a global long/short equity strategy. The Fund normally invests at least 80% of its managed assets in a globally diversified portfolio of equity securities, including common stock, preferred stock, convertible securities and exchange-traded funds (ETFs). At least 50% of the portfolio's managed assets may be invested in the long/short equity strategy. The Fund may invest up to 20% of its managed assets opportunistically in globally diversified income-producing securities, including high-yield and investment-grade corporate securities, leveraged loans, distressed debt securities, securitized products, United States treasuries and sovereign debt issued by foreign governments (the Fixed Income Sleeve). The Fund's investment advisor is Calamos Advisors LLC (Calamos Advisors).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of CALAMOS LONG/SHRT EQTY&DYCINCMTRMTST
Full Guru Analysis for CPZ
Full Factor Report for CPZ
TEXAS PACIFIC LAND CORP (TPL) is a mid-cap growth stock in the Misc. Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 87% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Texas Pacific Land Corp is engaged in managing land, including royalty interests, for the benefit of it's owners. The Company's operating segments are Land and Resource Management, and Water Services and Operations. The Company operates as a landowner in the State of Texas with approximately 880,000 acres of land in West Texas. The Land and Resource Management segment focuses on managing TPL's oil and gas royalty interest and surface acres located in over 19 different counties. It's revenue streams principally consist of oil and gas royalties, commercial lease, land sales, easements and materials sales. It's Water Services and Operations offers various solutions, such as water sourcing, infrastructure development, water tracking, analytics, well testing, produced water gathering/treatment/recycling and produced water disposal services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of TEXAS PACIFIC LAND CORP
Full Guru Analysis for TPL
Full Factor Report for TPL
FANHUA INC (ADR) (FANH) is a small-cap value stock in the Insurance (Miscellaneous) industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Fanhua Inc., formerly CNinsure Inc., is an independent online-to-offline financial services provider in China. The Company distributes a range of property, casualty and life insurance products underwritten by domestic and foreign insurance companies operating in China to individual and institutional customers, and provides insurance claims adjusting services. Its segments include insurance agency, which provides a range of property, casualty and life insurance products to individual customers; insurance brokerage, which provides commercial lines of property and casualty insurance, group life insurance programs and risk management consulting services to businesses and reinsurance brokerage services to insurance companies, and claims adjusting, which provides claims adjusting services to self-insured entities or insurance companies that choose to outsource some or all of their claims adjustment functions. The Company's distribution and service network covers over 29 provinces in China.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SALES: FAIL
YIELD COMPARED TO THE S&P 500: PASS
YIELD ADJUSTED P/E/GROWTH (PEG) RATIO: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of FANHUA INC (ADR)
Full Guru Analysis for FANH
Full Factor Report for FANH
PAGSEGURO DIGITAL LTD (PAGS) is a mid-cap growth stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: PagSeguro Digital Ltd is a provider of financial technology solution company. The Company is focused primarily on micro-merchants, small companies and medium-sized companies in Brazil. The Company offers multiple digital payment solutions, In-person payments via POS devices that we sell to clients, free digital accounts, and withdrawing account balances. Its end-to-end digital ecosystem enables its customers accept payments and manage their businesses. It offers safe, affordable, simple, mobile-first solutions for merchants to accept payments and manage their cash through their PagSeguro digital accounts, without the need for a bank account. Its digital account offers more than 30 cash-in methods and six cash-out options including its PagSeguro prepaid card, all using proprietary technology platform and backed by the trusted PagSeguro and UOL brands. Its digital ecosystem also features other digital financial services, business management tools and functionalities for its clients.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of PAGSEGURO DIGITAL LTD
Full Guru Analysis for PAGS
Full Factor Report for PAGS
BUCKLE INC (BKE) is a small-cap value stock in the Retail (Apparel) industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The Buckle, Inc. is a retailer of casual apparel, footwear, and accessories for young men and women. It operates approximately 442 retail stores in 42 states throughout the United States under the names Buckle and The Buckle. It markets a selection of brand name casual apparel including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. It provides customer services such as free hemming, free gift-packaging, easy layaways, the Buckle private label credit card, and a guest loyalty program. Its offers denims from brands Miss Me, Rock Revival, KanCan, Bridge by GLY, Flying Monkey, Levi's, Crysp, Preme, and Wrangler. The other brands include Hurley, Billabong, Affliction, American Fighter, Sullen, Howitzer, Oakley, Fox, RVCA, Ariat, Huey, Nixon, Free People, Z Supply, Salt Life, Reef, TenTree, Kustom, Timberland, SOREL, Hey Dude, Steve Madden, SAXX, Stance, Ray-Ban, Champion, Fossil, Brixton, MIA, Dr. Marten, Palladium, Teva, Bed Stu, and G-Shock.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: PASS
EARNINGS PER SHARE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of BUCKLE INC
Full Guru Analysis for BKE
Full Factor Report for BKE
ALLIANCEBERNSTEIN NATNL MUNCPL INCM FND. (AFB) is a small-cap growth stock in the Misc. Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 0% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AllianceBernstein National Municipal Income Fund, Inc. is a diversified, closed-end management investment company. The Fund seeks to provide high current income exempt from regular federal income tax by investing substantially all of its net assets in municipal securities that pay interest that is exempt from federal income tax. The Fund will normally invest approximately 80%, and normally substantially all, of its net assets in municipal securities paying interest that is exempt from regular federal income tax. The Fund also normally will invest over 75% of its assets in investment-grade municipal securities or unrated municipal securities. The Fund may invest up to 25% of its net assets in municipal bonds rated below investment-grade and unrated municipal bonds. It invests in various sectors, such as toll roads/transit, healthcare, airport, water and sewer, higher education, electric utility, port and prepay energy. AllianceBernstein L.P. serves as the investment advisor of the Fund.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: NEUTRAL
EQUITY/ASSETS RATIO: PASS
RETURN ON ASSETS: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of ALLIANCEBERNSTEIN NATNL MUNCPL INCM FND.
Full Guru Analysis for AFB
Full Factor Report for AFB
DUCOMMUN INCORPORATED (DCO) is a small-cap growth stock in the Aerospace & Defense industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure applications used primarily in the aerospace and defense (A&D), industrial, medical and other industries. The Company's segments include Electronic Systems and Structural Systems. The Electronic Systems segment has product offerings in electronics manufacturing for various applications, such as complex cable assemblies and interconnect systems, printed circuit board assemblies, electronic, electromechanical, and mechanical components and assemblies and lightning diversion systems. This segment also provides engineering services for aerospace system design, development, integration, and testing. The Structural Systems segment has approximately three product offerings to support a global customer base, including commercial aircraft, military fixed-wing aircraft, and military and commercial rotary-wing aircraft.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: NEUTRAL
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of DUCOMMUN INCORPORATED
Full Guru Analysis for DCO
Full Factor Report for DCO
TRIMBLE INC (TRMB) is a large-cap growth stock in the Software & Programming industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Trimble Inc. is a provider of technology solutions that enable professionals and field mobile workers to transform their work processes. The Company operates through four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment primarily serves customers working in architecture, engineering, construction, and operations and maintenance. The Geospatial segment primarily serves customers working in surveying, engineering, and government. The Resources and Utilities segment primarily serves customers working in agriculture, forestry, and utilities. The Transportation segment primarily serves customers working in long haul trucking and freight shipper markets. The Company's software products and services range from embedded real-time firmware to application software that integrates field data with large scale enterprise back-office applications.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of TRIMBLE INC
Full Guru Analysis for TRMB
Full Factor Report for TRMB
More details on Validea's Peter Lynch strategy
Peter Lynch Stock Ideas
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Full Guru Analysis for AFB Full Factor Report for AFB DUCOMMUN INCORPORATED (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INCORPORATED Full Guru Analysis for DCO Full Factor Report for DCO TRIMBLE INC (TRMB) is a large-cap growth stock in the Software & Programming industry. Its offers denims from brands Miss Me, Rock Revival, KanCan, Bridge by GLY, Flying Monkey, Levi's, Crysp, Preme, and Wrangler. | Full Guru Analysis for AFB Full Factor Report for AFB DUCOMMUN INCORPORATED (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INCORPORATED Full Guru Analysis for DCO Full Factor Report for DCO TRIMBLE INC (TRMB) is a large-cap growth stock in the Software & Programming industry. Detailed Analysis of CALAMOS LONG/SHRT EQTY&DYCINCMTRMTST Full Guru Analysis for CPZ Full Factor Report for CPZ TEXAS PACIFIC LAND CORP (TPL) is a mid-cap growth stock in the Misc. | Full Guru Analysis for AFB Full Factor Report for AFB DUCOMMUN INCORPORATED (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INCORPORATED Full Guru Analysis for DCO Full Factor Report for DCO TRIMBLE INC (TRMB) is a large-cap growth stock in the Software & Programming industry. Its segments include insurance agency, which provides a range of property, casualty and life insurance products to individual customers; insurance brokerage, which provides commercial lines of property and casualty insurance, group life insurance programs and risk management consulting services to businesses and reinsurance brokerage services to insurance companies, and claims adjusting, which provides claims adjusting services to self-insured entities or insurance companies that choose to outsource some or all of their claims adjustment functions. | Full Guru Analysis for AFB Full Factor Report for AFB DUCOMMUN INCORPORATED (DCO) is a small-cap growth stock in the Aerospace & Defense industry. Detailed Analysis of DUCOMMUN INCORPORATED Full Guru Analysis for DCO Full Factor Report for DCO TRIMBLE INC (TRMB) is a large-cap growth stock in the Software & Programming industry. The Company's operating segments are Land and Resource Management, and Water Services and Operations. | 27503045-e81e-4771-aca2-969d05cd172e |
710160.0 | 2021-12-27 00:00:00 UTC | A good number of Ducommun Incorporated (NYSE:DCO) insiders sold shares in the past year, not a positive omen for investors | DCO | https://www.nasdaq.com/articles/a-good-number-of-ducommun-incorporated-nyse%3Adco-insiders-sold-shares-in-the-past-year-not | nan | nan | Ducommun Incorporated (NYSE:DCO) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
The Last 12 Months Of Insider Transactions At Ducommun
In the last twelve months, the biggest single sale by an insider was when the VP, CFO, Christopher Wampler, sold US$131k worth of shares at a price of US$54.77 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$45.78. So it may not shed much light on insider confidence at current levels.
Insiders in Ducommun didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
NYSE:DCO Insider Trading Volume December 27th 2021
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insiders at Ducommun Have Sold Stock Recently
Over the last three months, we've seen significant insider selling at Ducommun. In total, VP, CFO Christopher Wampler dumped US$76k worth of shares in that time, and we didn't record any purchases whatsoever. In light of this it's hard to argue that all the insiders think that the shares are a bargain.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Ducommun insiders own 8.7% of the company, worth about US$48m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Ducommun Insider Transactions Indicate?
An insider sold Ducommun shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. On the plus side, Ducommun makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To help with this, we've discovered 2 warning signs (1 can't be ignored!) that you ought to be aware of before buying any shares in Ducommun.
Of course Ducommun may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ducommun Incorporated (NYSE:DCO) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. NYSE:DCO Insider Trading Volume December 27th 2021 For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. In total, VP, CFO Christopher Wampler dumped US$76k worth of shares in that time, and we didn't record any purchases whatsoever. | NYSE:DCO Insider Trading Volume December 27th 2021 For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. Ducommun Incorporated (NYSE:DCO) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. The Last 12 Months Of Insider Transactions At Ducommun In the last twelve months, the biggest single sale by an insider was when the VP, CFO, Christopher Wampler, sold US$131k worth of shares at a price of US$54.77 per share. | Ducommun Incorporated (NYSE:DCO) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. NYSE:DCO Insider Trading Volume December 27th 2021 For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. The Last 12 Months Of Insider Transactions At Ducommun In the last twelve months, the biggest single sale by an insider was when the VP, CFO, Christopher Wampler, sold US$131k worth of shares at a price of US$54.77 per share. | Ducommun Incorporated (NYSE:DCO) shareholders might have a reason to worry after multiple insiders sold their shares over the last year. NYSE:DCO Insider Trading Volume December 27th 2021 For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. Insiders in Ducommun didn't buy any shares in the last year. | d6b2776f-7264-4cb1-b58f-641093f15ec0 |
710161.0 | 2021-12-05 00:00:00 UTC | Declining Stock and Decent Financials: Is The Market Wrong About Ducommun Incorporated (NYSE:DCO)? | DCO | https://www.nasdaq.com/articles/declining-stock-and-decent-financials%3A-is-the-market-wrong-about-ducommun-incorporated | nan | nan | It is hard to get excited after looking at Ducommun's (NYSE:DCO) recent performance, when its stock has declined 15% over the past month. However, stock prices are usually driven by a company’s financials over the long term, which in this case look pretty respectable. In this article, we decided to focus on Ducommun's ROE.
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
How Do You Calculate Return On Equity?
The formula for return on equity is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Ducommun is:
9.6% = US$34m ÷ US$359m (Based on the trailing twelve months to October 2021).
The 'return' is the profit over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.10 in profit.
What Has ROE Got To Do With Earnings Growth?
So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
A Side By Side comparison of Ducommun's Earnings Growth And 9.6% ROE
When you first look at it, Ducommun's ROE doesn't look that attractive. We then compared the company's ROE to the broader industry and were disappointed to see that the ROE is lower than the industry average of 13%. In spite of this, Ducommun was able to grow its net income considerably, at a rate of 28% in the last five years. We reckon that there could be other factors at play here. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.
Next, on comparing with the industry net income growth, we found that Ducommun's growth is quite high when compared to the industry average growth of 13% in the same period, which is great to see.
NYSE:DCO Past Earnings Growth December 5th 2021
Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Ducommun's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
Is Ducommun Making Efficient Use Of Its Profits?
Given that Ducommun doesn't pay any dividend to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business.
Conclusion
Overall, we feel that Ducommun certainly does have some positive factors to consider. Despite its low rate of return, the fact that the company reinvests a very high portion of its profits into its business, no doubt contributed to its high earnings growth. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | It is hard to get excited after looking at Ducommun's (NYSE:DCO) recent performance, when its stock has declined 15% over the past month. NYSE:DCO Past Earnings Growth December 5th 2021 Earnings growth is an important metric to consider when valuing a stock. Given that Ducommun doesn't pay any dividend to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business. | NYSE:DCO Past Earnings Growth December 5th 2021 Earnings growth is an important metric to consider when valuing a stock. It is hard to get excited after looking at Ducommun's (NYSE:DCO) recent performance, when its stock has declined 15% over the past month. The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Ducommun is: 9.6% = US$34m ÷ US$359m (Based on the trailing twelve months to October 2021). | It is hard to get excited after looking at Ducommun's (NYSE:DCO) recent performance, when its stock has declined 15% over the past month. NYSE:DCO Past Earnings Growth December 5th 2021 Earnings growth is an important metric to consider when valuing a stock. The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Ducommun is: 9.6% = US$34m ÷ US$359m (Based on the trailing twelve months to October 2021). | NYSE:DCO Past Earnings Growth December 5th 2021 Earnings growth is an important metric to consider when valuing a stock. It is hard to get excited after looking at Ducommun's (NYSE:DCO) recent performance, when its stock has declined 15% over the past month. What Has ROE Got To Do With Earnings Growth? | 8832ba91-494e-4b05-b41d-2335bed08ff6 |
710162.0 | 2021-11-12 00:00:00 UTC | Should You Be Adding Ducommun (NYSE:DCO) To Your Watchlist Today? | DCO | https://www.nasdaq.com/articles/should-you-be-adding-ducommun-nyse%3Adco-to-your-watchlist-today-2021-11-12 | nan | nan | For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it completely lacks a track record of revenue and profit. Unfortunately, high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson.
So if you're like me, you might be more interested in profitable, growing companies, like Ducommun (NYSE:DCO). While that doesn't make the shares worth buying at any price, you can't deny that successful capitalism requires profit, eventually. Conversely, a loss-making company is yet to prove itself with profit, and eventually the sweet milk of external capital may run sour.
Ducommun's Earnings Per Share Are Growing.
If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. That makes EPS growth an attractive quality for any company. As a tree reaches steadily for the sky, Ducommun's EPS has grown 23% each year, compound, over three years. If the company can sustain that sort of growth, we'd expect shareholders to come away winners.
I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. Ducommun's EBIT margins are flat but, of some concern, its revenue is actually down. Suffice it to say that is not a great sign of growth.
In the chart below, you can see how the company has grown earnings, and revenue, over time. Click on the chart to see the exact numbers.
NYSE:DCO Earnings and Revenue History November 12th 2021
Fortunately, we've got access to analyst forecasts of Ducommun's future profits. You can do your own forecasts without looking, or you can take a peek at what the professionals are predicting.
Are Ducommun Insiders Aligned With All Shareholders?
It makes me feel more secure owning shares in a company if insiders also own shares, thusly more closely aligning our interests. So it is good to see that Ducommun insiders have a significant amount of capital invested in the stock. Given insiders own a small fortune of shares, currently valued at US$54m, they have plenty of motivation to push the business to succeed. At 8.7% of the company, the co-investment by insiders gives me confidence that management will make long-term focussed decisions.
Is Ducommun Worth Keeping An Eye On?
Given my belief that share price follows earnings per share you can easily imagine how I feel about Ducommun's strong EPS growth. I think that EPS growth is something to boast of, and it doesn't surprise me that insiders are holding on to a considerable chunk of shares. So this is very likely the kind of business that I like to spend time researching, with a view to discerning its true value. We should say that we've discovered 2 warning signs for Ducommun (1 is potentially serious!) that you should be aware of before investing here.
You can invest in any company you want. But if you prefer to focus on stocks that have demonstrated insider buying, here is a list of companies with insider buying in the last three months.
Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | NYSE:DCO Earnings and Revenue History November 12th 2021 Fortunately, we've got access to analyst forecasts of Ducommun's future profits. So if you're like me, you might be more interested in profitable, growing companies, like Ducommun (NYSE:DCO). Conversely, a loss-making company is yet to prove itself with profit, and eventually the sweet milk of external capital may run sour. | So if you're like me, you might be more interested in profitable, growing companies, like Ducommun (NYSE:DCO). NYSE:DCO Earnings and Revenue History November 12th 2021 Fortunately, we've got access to analyst forecasts of Ducommun's future profits. While that doesn't make the shares worth buying at any price, you can't deny that successful capitalism requires profit, eventually. | So if you're like me, you might be more interested in profitable, growing companies, like Ducommun (NYSE:DCO). NYSE:DCO Earnings and Revenue History November 12th 2021 Fortunately, we've got access to analyst forecasts of Ducommun's future profits. If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. | So if you're like me, you might be more interested in profitable, growing companies, like Ducommun (NYSE:DCO). NYSE:DCO Earnings and Revenue History November 12th 2021 Fortunately, we've got access to analyst forecasts of Ducommun's future profits. In the chart below, you can see how the company has grown earnings, and revenue, over time. | b33655bf-23d7-498c-b2d6-dd25ce59ec26 |
710163.0 | 2021-10-23 00:00:00 UTC | Are Investors Undervaluing Ducommun Incorporated (NYSE:DCO) By 46%? | DCO | https://www.nasdaq.com/articles/are-investors-undervaluing-ducommun-incorporated-nyse%3Adco-by-46-2021-10-23 | nan | nan | Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Ducommun Incorporated (NYSE:DCO) as an investment opportunity by taking the expected future cash flows and discounting them to their present value. This will be done using the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple!
We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model.
The model
We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.
Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value:
10-year free cash flow (FCF) estimate
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Levered FCF ($, Millions) US$54.5m US$56.3m US$57.8m US$59.2m US$60.5m US$61.8m US$63.1m US$64.4m US$65.8m US$67.1m
Growth Rate Estimate Source Analyst x3 Analyst x1 Est @ 2.61% Est @ 2.42% Est @ 2.28% Est @ 2.18% Est @ 2.12% Est @ 2.07% Est @ 2.04% Est @ 2.01%
Present Value ($, Millions) Discounted @ 7.2% US$50.9 US$49.0 US$46.8 US$44.7 US$42.7 US$40.7 US$38.7 US$36.9 US$35.1 US$33.4
("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$418m
We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.0%. We discount the terminal cash flows to today's value at a cost of equity of 7.2%.
Terminal Value (TV)= FCF2031 × (1 + g) ÷ (r – g) = US$67m× (1 + 2.0%) ÷ (7.2%– 2.0%) = US$1.3b
Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$1.3b÷ ( 1 + 7.2%)10= US$645m
The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$1.1b. The last step is to then divide the equity value by the number of shares outstanding. Compared to the current share price of US$48.0, the company appears quite good value at a 46% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind.
NYSE:DCO Discounted Cash Flow October 23rd 2021
Important assumptions
We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Ducommun as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.2%, which is based on a levered beta of 1.204. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.
Next Steps:
Valuation is only one side of the coin in terms of building your investment thesis, and it shouldn't be the only metric you look at when researching a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. Why is the intrinsic value higher than the current share price? For Ducommun, we've put together three pertinent factors you should consider:
Risks: Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with Ducommun (at least 1 which makes us a bit uncomfortable) , and understanding them should be part of your investment process.
Management:Have insiders been ramping up their shares to take advantage of the market's sentiment for DCO's future outlook? Check out our management and board analysis with insights on CEO compensation and governance factors.
Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!
PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NYSE every day. If you want to find the calculation for other stocks just search here.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Ducommun Incorporated (NYSE:DCO) as an investment opportunity by taking the expected future cash flows and discounting them to their present value. NYSE:DCO Discounted Cash Flow October 23rd 2021 Important assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. Management:Have insiders been ramping up their shares to take advantage of the market's sentiment for DCO's future outlook? | NYSE:DCO Discounted Cash Flow October 23rd 2021 Important assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Ducommun Incorporated (NYSE:DCO) as an investment opportunity by taking the expected future cash flows and discounting them to their present value. Management:Have insiders been ramping up their shares to take advantage of the market's sentiment for DCO's future outlook? | NYSE:DCO Discounted Cash Flow October 23rd 2021 Important assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Ducommun Incorporated (NYSE:DCO) as an investment opportunity by taking the expected future cash flows and discounting them to their present value. Management:Have insiders been ramping up their shares to take advantage of the market's sentiment for DCO's future outlook? | Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Ducommun Incorporated (NYSE:DCO) as an investment opportunity by taking the expected future cash flows and discounting them to their present value. NYSE:DCO Discounted Cash Flow October 23rd 2021 Important assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. Management:Have insiders been ramping up their shares to take advantage of the market's sentiment for DCO's future outlook? | 97e2999b-24e3-46d0-85c3-426c0339b390 |
710164.0 | 2021-10-07 00:00:00 UTC | Analysts Forecast 14% Upside For VIS | DCO | https://www.nasdaq.com/articles/analysts-forecast-14-upside-for-vis-2021-10-07 | nan | nan | Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Vanguard Industrials ETF (Symbol: VIS), we found that the implied analyst target price for the ETF based upon its underlying holdings is $218.77 per unit.
With VIS trading at a recent price near $192.19 per unit, that means that analysts see 13.83% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of VIS's underlying holdings with notable upside to their analyst target prices are Desktop Metal Inc (Symbol: DM), Ducommun Inc. (Symbol: DCO), and Mercury Systems Inc (Symbol: MRCY). Although DM has traded at a recent price of $6.82/share, the average analyst target is 156.60% higher at $17.50/share. Similarly, DCO has 38.83% upside from the recent share price of $50.42 if the average analyst target price of $70.00/share is reached, and analysts on average are expecting MRCY to reach a target price of $66.33/share, which is 38.22% above the recent price of $47.99. Below is a twelve month price history chart comparing the stock performance of DM, DCO, and MRCY:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Vanguard Industrials ETF VIS $192.19 $218.77 13.83%
Desktop Metal Inc DM $6.82 $17.50 156.60%
Ducommun Inc. DCO $50.42 $70.00 38.83%
Mercury Systems Inc MRCY $47.99 $66.33 38.22%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Vanguard Industrials ETF VIS $192.19 $218.77 13.83% Desktop Metal Inc DM $6.82 $17.50 156.60% Ducommun Inc. DCO $50.42 $70.00 38.83% Mercury Systems Inc MRCY $47.99 $66.33 38.22% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of VIS's underlying holdings with notable upside to their analyst target prices are Desktop Metal Inc (Symbol: DM), Ducommun Inc. (Symbol: DCO), and Mercury Systems Inc (Symbol: MRCY). Similarly, DCO has 38.83% upside from the recent share price of $50.42 if the average analyst target price of $70.00/share is reached, and analysts on average are expecting MRCY to reach a target price of $66.33/share, which is 38.22% above the recent price of $47.99. | Three of VIS's underlying holdings with notable upside to their analyst target prices are Desktop Metal Inc (Symbol: DM), Ducommun Inc. (Symbol: DCO), and Mercury Systems Inc (Symbol: MRCY). Similarly, DCO has 38.83% upside from the recent share price of $50.42 if the average analyst target price of $70.00/share is reached, and analysts on average are expecting MRCY to reach a target price of $66.33/share, which is 38.22% above the recent price of $47.99. Vanguard Industrials ETF VIS $192.19 $218.77 13.83% Desktop Metal Inc DM $6.82 $17.50 156.60% Ducommun Inc. DCO $50.42 $70.00 38.83% Mercury Systems Inc MRCY $47.99 $66.33 38.22% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | Similarly, DCO has 38.83% upside from the recent share price of $50.42 if the average analyst target price of $70.00/share is reached, and analysts on average are expecting MRCY to reach a target price of $66.33/share, which is 38.22% above the recent price of $47.99. Three of VIS's underlying holdings with notable upside to their analyst target prices are Desktop Metal Inc (Symbol: DM), Ducommun Inc. (Symbol: DCO), and Mercury Systems Inc (Symbol: MRCY). Below is a twelve month price history chart comparing the stock performance of DM, DCO, and MRCY: Below is a summary table of the current analyst target prices discussed above: | Vanguard Industrials ETF VIS $192.19 $218.77 13.83% Desktop Metal Inc DM $6.82 $17.50 156.60% Ducommun Inc. DCO $50.42 $70.00 38.83% Mercury Systems Inc MRCY $47.99 $66.33 38.22% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of VIS's underlying holdings with notable upside to their analyst target prices are Desktop Metal Inc (Symbol: DM), Ducommun Inc. (Symbol: DCO), and Mercury Systems Inc (Symbol: MRCY). Similarly, DCO has 38.83% upside from the recent share price of $50.42 if the average analyst target price of $70.00/share is reached, and analysts on average are expecting MRCY to reach a target price of $66.33/share, which is 38.22% above the recent price of $47.99. | c20f9a42-a17b-4e69-b4ba-bbbe3069473a |
710165.0 | 2021-09-04 00:00:00 UTC | Sentiment Still Eluding Ducommun Incorporated (NYSE:DCO) | DCO | https://www.nasdaq.com/articles/sentiment-still-eluding-ducommun-incorporated-nyse%3Adco-2021-09-04 | nan | nan | With a median price-to-earnings (or "P/E") ratio of close to 18x in the United States, you could be forgiven for feeling indifferent about Ducommun Incorporated's (NYSE:DCO) P/E ratio of 19.1x. While this might not raise any eyebrows, if the P/E ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
Ducommun could be doing better as it's been growing earnings less than most other companies lately. It might be that many expect the uninspiring earnings performance to strengthen positively, which has kept the P/E from falling. You'd really hope so, otherwise you're paying a relatively elevated price for a company with this sort of growth profile.
NYSE:DCO Price Based on Past Earnings September 4th 2021
If you'd like to see what analysts are forecasting going forward, you should check out our free report on Ducommun.
How Is Ducommun's Growth Trending?
There's an inherent assumption that a company should be matching the market for P/E ratios like Ducommun's to be considered reasonable.
Retrospectively, the last year delivered virtually the same number to the company's bottom line as the year before. However, a few strong years before that means that it was still able to grow EPS by an impressive 64% in total over the last three years. Accordingly, shareholders would have probably welcomed those medium-term rates of earnings growth.
Looking ahead now, EPS is anticipated to climb by 18% during the coming year according to the two analysts following the company. With the market only predicted to deliver 12%, the company is positioned for a stronger earnings result.
With this information, we find it interesting that Ducommun is trading at a fairly similar P/E to the market. Apparently some shareholders are skeptical of the forecasts and have been accepting lower selling prices.
The Final Word
While the price-to-earnings ratio shouldn't be the defining factor in whether you buy a stock or not, it's quite a capable barometer of earnings expectations.
We've established that Ducommun currently trades on a lower than expected P/E since its forecast growth is higher than the wider market. There could be some unobserved threats to earnings preventing the P/E ratio from matching the positive outlook. At least the risk of a price drop looks to be subdued, but investors seem to think future earnings could see some volatility.
Having said that, be aware Ducommun is showing 3 warning signs in our investment analysis, and 1 of those is a bit unpleasant.
If you're unsure about the strength of Ducommun's business, why not explore our interactive list of stocks with solid business fundamentals for some other companies you may have missed.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | NYSE:DCO Price Based on Past Earnings September 4th 2021 If you'd like to see what analysts are forecasting going forward, you should check out our free report on Ducommun. With a median price-to-earnings (or "P/E") ratio of close to 18x in the United States, you could be forgiven for feeling indifferent about Ducommun Incorporated's (NYSE:DCO) P/E ratio of 19.1x. The Final Word While the price-to-earnings ratio shouldn't be the defining factor in whether you buy a stock or not, it's quite a capable barometer of earnings expectations. | With a median price-to-earnings (or "P/E") ratio of close to 18x in the United States, you could be forgiven for feeling indifferent about Ducommun Incorporated's (NYSE:DCO) P/E ratio of 19.1x. NYSE:DCO Price Based on Past Earnings September 4th 2021 If you'd like to see what analysts are forecasting going forward, you should check out our free report on Ducommun. This article by Simply Wall St is general in nature. | NYSE:DCO Price Based on Past Earnings September 4th 2021 If you'd like to see what analysts are forecasting going forward, you should check out our free report on Ducommun. With a median price-to-earnings (or "P/E") ratio of close to 18x in the United States, you could be forgiven for feeling indifferent about Ducommun Incorporated's (NYSE:DCO) P/E ratio of 19.1x. Ducommun could be doing better as it's been growing earnings less than most other companies lately. | With a median price-to-earnings (or "P/E") ratio of close to 18x in the United States, you could be forgiven for feeling indifferent about Ducommun Incorporated's (NYSE:DCO) P/E ratio of 19.1x. NYSE:DCO Price Based on Past Earnings September 4th 2021 If you'd like to see what analysts are forecasting going forward, you should check out our free report on Ducommun. How Is Ducommun's Growth Trending? | 81b9887f-f2fb-489f-939f-080f9312e98e |
710166.0 | 2021-08-09 00:00:00 UTC | Ducommun (NYSE:DCO) Is Experiencing Growth In Returns On Capital | DCO | https://www.nasdaq.com/articles/ducommun-nyse%3Adco-is-experiencing-growth-in-returns-on-capital-2021-08-09 | nan | nan | If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So when we looked at Ducommun (NYSE:DCO) and its trend of ROCE, we really liked what we saw.
Return On Capital Employed (ROCE): What is it?
For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Ducommun is:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
0.065 = US$45m ÷ (US$826m - US$133m) (Based on the trailing twelve months to April 2021).
So, Ducommun has an ROCE of 6.5%. Ultimately, that's a low return and it under-performs the Aerospace & Defense industry average of 8.2%.
NYSE:DCO Return on Capital Employed August 9th 2021
In the above chart we have measured Ducommun's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.
So How Is Ducommun's ROCE Trending?
Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. Over the last five years, returns on capital employed have risen substantially to 6.5%. Basically the business is earning more per dollar of capital invested and in addition to that, 61% more capital is being employed now too. So we're very much inspired by what we're seeing at Ducommun thanks to its ability to profitably reinvest capital.
What We Can Learn From Ducommun's ROCE
All in all, it's terrific to see that Ducommun is reaping the rewards from prior investments and is growing its capital base. And a remarkable 140% total return over the last five years tells us that investors are expecting more good things to come in the future. Therefore, we think it would be worth your time to check if these trends are going to continue.
Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 2 warning signs for Ducommun (of which 1 is a bit concerning!) that you should know about.
While Ducommun isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | So when we looked at Ducommun (NYSE:DCO) and its trend of ROCE, we really liked what we saw. NYSE:DCO Return on Capital Employed August 9th 2021 In the above chart we have measured Ducommun's prior ROCE against its prior performance, but the future is arguably more important. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. | So when we looked at Ducommun (NYSE:DCO) and its trend of ROCE, we really liked what we saw. NYSE:DCO Return on Capital Employed August 9th 2021 In the above chart we have measured Ducommun's prior ROCE against its prior performance, but the future is arguably more important. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. | NYSE:DCO Return on Capital Employed August 9th 2021 In the above chart we have measured Ducommun's prior ROCE against its prior performance, but the future is arguably more important. So when we looked at Ducommun (NYSE:DCO) and its trend of ROCE, we really liked what we saw. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. | So when we looked at Ducommun (NYSE:DCO) and its trend of ROCE, we really liked what we saw. NYSE:DCO Return on Capital Employed August 9th 2021 In the above chart we have measured Ducommun's prior ROCE against its prior performance, but the future is arguably more important. Return On Capital Employed (ROCE): What is it? | 73618a8b-7da7-411e-b204-dd4a1ed1685f |
710167.0 | 2021-07-20 00:00:00 UTC | Tuesday Sector Leaders: Aerospace & Defense, Construction Stocks | DCO | https://www.nasdaq.com/articles/tuesday-sector-leaders%3A-aerospace-defense-construction-stocks-2021-07-20 | nan | nan | In trading on Tuesday, aerospace & defense shares were relative leaders, up on the day by about 4.8%. Leading the group were shares of Ducommun, up about 8% and shares of Spirit Aerosystems Holdings up about 7.7% on the day.
Also showing relative strength are construction shares, up on the day by about 4.5% as a group, led by Williams Industrial Services Group, trading higher by about 11.6% and IES Holdings, trading up by about 11.6% on Tuesday.
VIDEO: Tuesday Sector Leaders: Aerospace & Defense, Construction Stocks
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, aerospace & defense shares were relative leaders, up on the day by about 4.8%. Also showing relative strength are construction shares, up on the day by about 4.5% as a group, led by Williams Industrial Services Group, trading higher by about 11.6% and IES Holdings, trading up by about 11.6% on Tuesday. VIDEO: Tuesday Sector Leaders: Aerospace & Defense, Construction Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, aerospace & defense shares were relative leaders, up on the day by about 4.8%. Also showing relative strength are construction shares, up on the day by about 4.5% as a group, led by Williams Industrial Services Group, trading higher by about 11.6% and IES Holdings, trading up by about 11.6% on Tuesday. VIDEO: Tuesday Sector Leaders: Aerospace & Defense, Construction Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, aerospace & defense shares were relative leaders, up on the day by about 4.8%. Also showing relative strength are construction shares, up on the day by about 4.5% as a group, led by Williams Industrial Services Group, trading higher by about 11.6% and IES Holdings, trading up by about 11.6% on Tuesday. VIDEO: Tuesday Sector Leaders: Aerospace & Defense, Construction Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, aerospace & defense shares were relative leaders, up on the day by about 4.8%. Leading the group were shares of Ducommun, up about 8% and shares of Spirit Aerosystems Holdings up about 7.7% on the day. Also showing relative strength are construction shares, up on the day by about 4.5% as a group, led by Williams Industrial Services Group, trading higher by about 11.6% and IES Holdings, trading up by about 11.6% on Tuesday. | 8e377d73-030f-4320-bcdf-ae6dd73e94d0 |
710168.0 | 2021-07-14 00:00:00 UTC | If You Had Bought Ducommun (NYSE:DCO) Shares Five Years Ago You'd Have Earned 168% Returns | DCO | https://www.nasdaq.com/articles/if-you-had-bought-ducommun-nyse%3Adco-shares-five-years-ago-youd-have-earned-168-returns | nan | nan | It hasn't been the best quarter for Ducommun Incorporated (NYSE:DCO) shareholders, since the share price has fallen 15% in that time. But that doesn't change the fact that the returns over the last five years have been very strong. Indeed, the share price is up an impressive 168% in that time. We think it's more important to dwell on the long term returns than the short term returns. Ultimately business performance will determine whether the stock price continues the positive long term trend.
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
During the five years of share price growth, Ducommun moved from a loss to profitability. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains. Given that the company made a profit three years ago, but not five years ago, it is worth looking at the share price returns over the last three years, too. We can see that the Ducommun share price is up 53% in the last three years. Meanwhile, EPS is up 9.5% per year. Notably, the EPS growth has been slower than the annualised share price gain of 15% over three years. So it's fair to assume the market has a higher opinion of the business than it did three years ago.
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
NYSE:DCO Earnings Per Share Growth July 14th 2021
Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.
A Different Perspective
It's nice to see that Ducommun shareholders have received a total shareholder return of 64% over the last year. That gain is better than the annual TSR over five years, which is 22%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For example, we've discovered 2 warning signs for Ducommun (1 makes us a bit uncomfortable!) that you should be aware of before investing here.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | It hasn't been the best quarter for Ducommun Incorporated (NYSE:DCO) shareholders, since the share price has fallen 15% in that time. NYSE:DCO Earnings Per Share Growth July 14th 2021 Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here. Ultimately business performance will determine whether the stock price continues the positive long term trend. | NYSE:DCO Earnings Per Share Growth July 14th 2021 Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here. It hasn't been the best quarter for Ducommun Incorporated (NYSE:DCO) shareholders, since the share price has fallen 15% in that time. Ultimately business performance will determine whether the stock price continues the positive long term trend. | It hasn't been the best quarter for Ducommun Incorporated (NYSE:DCO) shareholders, since the share price has fallen 15% in that time. NYSE:DCO Earnings Per Share Growth July 14th 2021 Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. | It hasn't been the best quarter for Ducommun Incorporated (NYSE:DCO) shareholders, since the share price has fallen 15% in that time. NYSE:DCO Earnings Per Share Growth July 14th 2021 Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. | 282698e4-9328-4ecd-ba5e-573962b645b7 |
710169.0 | 2021-06-22 00:00:00 UTC | Is Ducommun (NYSE:DCO) A Risky Investment? | DCO | https://www.nasdaq.com/articles/is-ducommun-nyse%3Adco-a-risky-investment-2021-06-22 | nan | nan | The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to ruin. We note that Ducommun Incorporated (NYSE:DCO) does have debt on its balance sheet. But the more important question is: how much risk is that debt creating?
When Is Debt Dangerous?
Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. Ultimately, if the company can't fulfill its legal obligations to repay debt, shareholders could walk away with nothing. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. By replacing dilution, though, debt can be an extremely good tool for businesses that need capital to invest in growth at high rates of return. When we examine debt levels, we first consider both cash and debt levels, together.
What Is Ducommun's Net Debt?
The image below, which you can click on for greater detail, shows that Ducommun had debt of US$311.3m at the end of April 2021, a reduction from US$350.6m over a year. However, because it has a cash reserve of US$17.0m, its net debt is less, at about US$294.4m.
NYSE:DCO Debt to Equity History June 22nd 2021
A Look At Ducommun's Liabilities
We can see from the most recent balance sheet that Ducommun had liabilities of US$133.0m falling due within a year, and liabilities of US$357.3m due beyond that. Offsetting these obligations, it had cash of US$17.0m as well as receivables valued at US$235.0m due within 12 months. So its liabilities total US$238.3m more than the combination of its cash and short-term receivables.
While this might seem like a lot, it is not so bad since Ducommun has a market capitalization of US$644.5m, and so it could probably strengthen its balance sheet by raising capital if it needed to. But we definitely want to keep our eyes open to indications that its debt is bringing too much risk.
We use two main ratios to inform us about debt levels relative to earnings. The first is net debt divided by earnings before interest, tax, depreciation, and amortization (EBITDA), while the second is how many times its earnings before interest and tax (EBIT) covers its interest expense (or its interest cover, for short). This way, we consider both the absolute quantum of the debt, as well as the interest rates paid on it.
Ducommun's debt is 4.0 times its EBITDA, and its EBIT cover its interest expense 3.7 times over. This suggests that while the debt levels are significant, we'd stop short of calling them problematic. Even worse, Ducommun saw its EBIT tank 24% over the last 12 months. If earnings continue to follow that trajectory, paying off that debt load will be harder than convincing us to run a marathon in the rain. There's no doubt that we learn most about debt from the balance sheet. But it is future earnings, more than anything, that will determine Ducommun's ability to maintain a healthy balance sheet going forward. So if you're focused on the future you can check out this free report showing analyst profit forecasts.
Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. So we always check how much of that EBIT is translated into free cash flow. In the last three years, Ducommun created free cash flow amounting to 18% of its EBIT, an uninspiring performance. That limp level of cash conversion undermines its ability to manage and pay down debt.
Our View
Mulling over Ducommun's attempt at (not) growing its EBIT, we're certainly not enthusiastic. Having said that, its ability to handle its total liabilities isn't such a worry. Looking at the bigger picture, it seems clear to us that Ducommun's use of debt is creating risks for the company. If all goes well, that should boost returns, but on the flip side, the risk of permanent capital loss is elevated by the debt. There's no doubt that we learn most about debt from the balance sheet. But ultimately, every company can contain risks that exist outside of the balance sheet. These risks can be hard to spot. Every company has them, and we've spotted 2 warning signs for Ducommun (of which 1 is a bit unpleasant!) you should know about.
If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | We note that Ducommun Incorporated (NYSE:DCO) does have debt on its balance sheet. NYSE:DCO Debt to Equity History June 22nd 2021 A Look At Ducommun's Liabilities We can see from the most recent balance sheet that Ducommun had liabilities of US$133.0m falling due within a year, and liabilities of US$357.3m due beyond that. The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' | We note that Ducommun Incorporated (NYSE:DCO) does have debt on its balance sheet. NYSE:DCO Debt to Equity History June 22nd 2021 A Look At Ducommun's Liabilities We can see from the most recent balance sheet that Ducommun had liabilities of US$133.0m falling due within a year, and liabilities of US$357.3m due beyond that. The first is net debt divided by earnings before interest, tax, depreciation, and amortization (EBITDA), while the second is how many times its earnings before interest and tax (EBIT) covers its interest expense (or its interest cover, for short). | NYSE:DCO Debt to Equity History June 22nd 2021 A Look At Ducommun's Liabilities We can see from the most recent balance sheet that Ducommun had liabilities of US$133.0m falling due within a year, and liabilities of US$357.3m due beyond that. We note that Ducommun Incorporated (NYSE:DCO) does have debt on its balance sheet. When we examine debt levels, we first consider both cash and debt levels, together. | We note that Ducommun Incorporated (NYSE:DCO) does have debt on its balance sheet. NYSE:DCO Debt to Equity History June 22nd 2021 A Look At Ducommun's Liabilities We can see from the most recent balance sheet that Ducommun had liabilities of US$133.0m falling due within a year, and liabilities of US$357.3m due beyond that. When we examine debt levels, we first consider both cash and debt levels, together. | a06e339c-b17a-49b0-88e9-dece78a2f594 |
710170.0 | 2021-05-30 00:00:00 UTC | Should Weakness in Ducommun Incorporated's (NYSE:DCO) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials? | DCO | https://www.nasdaq.com/articles/should-weakness-in-ducommun-incorporateds-nyse%3Adco-stock-be-seen-as-a-sign-that-market | nan | nan | Ducommun (NYSE:DCO) has had a rough month with its share price down 9.1%. But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. In this article, we decided to focus on Ducommun's ROE.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
How Do You Calculate Return On Equity?
Return on equity can be calculated by using the formula:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Ducommun is:
8.3% = US$28m ÷ US$336m (Based on the trailing twelve months to April 2021).
The 'return' is the yearly profit. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.08.
Why Is ROE Important For Earnings Growth?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
A Side By Side comparison of Ducommun's Earnings Growth And 8.3% ROE
At first glance, Ducommun's ROE doesn't look very promising. However, its ROE is similar to the industry average of 8.7%, so we won't completely dismiss the company. Particularly, the exceptional 49% net income growth seen by Ducommun over the past five years is pretty remarkable. Given the slightly low ROE, it is likely that there could be some other aspects that are driving this growth. For instance, the company has a low payout ratio or is being managed efficiently.
As a next step, we compared Ducommun's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 19%.
NYSE:DCO Past Earnings Growth May 30th 2021
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. What is DCO worth today? The intrinsic value infographic in our free research report helps visualize whether DCO is currently mispriced by the market.
Is Ducommun Making Efficient Use Of Its Profits?
Ducommun doesn't pay any dividend to its shareholders, meaning that the company has been reinvesting all of its profits into the business. This is likely what's driving the high earnings growth number discussed above.
Summary
On the whole, we do feel that Ducommun has some positive attributes. Despite its low rate of return, the fact that the company reinvests a very high portion of its profits into its business, no doubt contributed to its high earnings growth. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The intrinsic value infographic in our free research report helps visualize whether DCO is currently mispriced by the market. Ducommun (NYSE:DCO) has had a rough month with its share price down 9.1%. NYSE:DCO Past Earnings Growth May 30th 2021 The basis for attaching value to a company is, to a great extent, tied to its earnings growth. | NYSE:DCO Past Earnings Growth May 30th 2021 The basis for attaching value to a company is, to a great extent, tied to its earnings growth. Ducommun (NYSE:DCO) has had a rough month with its share price down 9.1%. What is DCO worth today? | Ducommun (NYSE:DCO) has had a rough month with its share price down 9.1%. NYSE:DCO Past Earnings Growth May 30th 2021 The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What is DCO worth today? | NYSE:DCO Past Earnings Growth May 30th 2021 The basis for attaching value to a company is, to a great extent, tied to its earnings growth. Ducommun (NYSE:DCO) has had a rough month with its share price down 9.1%. What is DCO worth today? | e2c9a592-738b-485d-ad37-282e44c3629e |
710171.0 | 2021-05-07 00:00:00 UTC | Need To Know: Ducommun Incorporated (NYSE:DCO) Insiders Have Been Selling Shares | DCO | https://www.nasdaq.com/articles/need-to-know%3A-ducommun-incorporated-nyse%3Adco-insiders-have-been-selling-shares-2021-05-07 | nan | nan | We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So before you buy or sell Ducommun Incorporated (NYSE:DCO), you may well want to know whether insiders have been buying or selling.
What Is Insider Selling?
Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock in the company. However, such insiders must disclose their trading activities, and not trade on inside information.
We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year'.
Ducommun Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the VP, CFO, Christopher Wampler, sold US$160k worth of shares at a price of US$39.94 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$57.03. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 20% of Christopher Wampler's holding.
Ducommun insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
NYSE:DCO Insider Trading Volume May 7th 2021
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Ducommun insiders own about US$60m worth of shares. That equates to 8.8% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Ducommun Insider Transactions Indicate?
The fact that there have been no Ducommun insider transactions recently certainly doesn't bother us. We don't take much encouragement from the transactions by Ducommun insiders. But we do like the fact that insiders own a fair chunk of the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Ducommun. At Simply Wall St, we found 1 warning sign for Ducommun that deserve your attention before buying any shares.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | So before you buy or sell Ducommun Incorporated (NYSE:DCO), you may well want to know whether insiders have been buying or selling. NYSE:DCO Insider Trading Volume May 7th 2021 For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. | So before you buy or sell Ducommun Incorporated (NYSE:DCO), you may well want to know whether insiders have been buying or selling. NYSE:DCO Insider Trading Volume May 7th 2021 For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. At Simply Wall St, we found 1 warning sign for Ducommun that deserve your attention before buying any shares. | So before you buy or sell Ducommun Incorporated (NYSE:DCO), you may well want to know whether insiders have been buying or selling. NYSE:DCO Insider Trading Volume May 7th 2021 For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. Ducommun Insider Transactions Over The Last Year In the last twelve months, the biggest single sale by an insider was when the VP, CFO, Christopher Wampler, sold US$160k worth of shares at a price of US$39.94 per share. | NYSE:DCO Insider Trading Volume May 7th 2021 For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. So before you buy or sell Ducommun Incorporated (NYSE:DCO), you may well want to know whether insiders have been buying or selling. When an insider sells below the current price, it suggests that they considered that lower price to be fair. | e1606341-87c8-496e-9522-fcf3e3bd30d2 |
710172.0 | 2020-11-14 00:00:00 UTC | Have Insiders Sold Ducommun Incorporated (NYSE:DCO) Shares Recently? | DCO | https://www.nasdaq.com/articles/have-insiders-sold-ducommun-incorporated-nyse%3Adco-shares-recently-2020-11-14 | nan | nan | Anyone interested in Ducommun Incorporated (NYSE:DCO) should probably be aware that the VP, Controller, Christopher Wampler, recently divested US$160k worth of shares in the company, at an average price of US$39.94 each. The eyebrow raising move amounted to a reduction of 20% in their holding.
The Last 12 Months Of Insider Transactions At Ducommun
Over the last year, we can see that the biggest insider purchase was by Chairman Stephen Oswald for US$509k worth of shares, at about US$33.93 per share. That means that an insider was happy to buy shares at around the current price of US$41.27. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Ducommun insiders decided to buy shares at close to current prices.
Happily, we note that in the last year insiders paid US$1.8m for 54.50k shares. But they sold 6.30k shares for US$256k. In total, Ducommun insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
NYSE:DCO Insider Trading Volume November 14th 2020
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 7.8% of Ducommun shares, worth about US$38m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Ducommun Insiders?
An insider sold stock recently, but they haven't been buying. On the other hand, the insider transactions over the last year are encouraging. And insiders do own shares. So we're not overly bothered by recent selling. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. When we did our research, we found 2 warning signs for Ducommun (1 is a bit concerning!) that we believe deserve your full attention.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Anyone interested in Ducommun Incorporated (NYSE:DCO) should probably be aware that the VP, Controller, Christopher Wampler, recently divested US$160k worth of shares in the company, at an average price of US$39.94 each. NYSE:DCO Insider Trading Volume November 14th 2020 There are plenty of other companies that have insiders buying up shares. Happily, the Ducommun insiders decided to buy shares at close to current prices. | Anyone interested in Ducommun Incorporated (NYSE:DCO) should probably be aware that the VP, Controller, Christopher Wampler, recently divested US$160k worth of shares in the company, at an average price of US$39.94 each. NYSE:DCO Insider Trading Volume November 14th 2020 There are plenty of other companies that have insiders buying up shares. Happily, the Ducommun insiders decided to buy shares at close to current prices. | NYSE:DCO Insider Trading Volume November 14th 2020 There are plenty of other companies that have insiders buying up shares. Anyone interested in Ducommun Incorporated (NYSE:DCO) should probably be aware that the VP, Controller, Christopher Wampler, recently divested US$160k worth of shares in the company, at an average price of US$39.94 each. The Last 12 Months Of Insider Transactions At Ducommun Over the last year, we can see that the biggest insider purchase was by Chairman Stephen Oswald for US$509k worth of shares, at about US$33.93 per share. | Anyone interested in Ducommun Incorporated (NYSE:DCO) should probably be aware that the VP, Controller, Christopher Wampler, recently divested US$160k worth of shares in the company, at an average price of US$39.94 each. NYSE:DCO Insider Trading Volume November 14th 2020 There are plenty of other companies that have insiders buying up shares. Happily, we note that in the last year insiders paid US$1.8m for 54.50k shares. | 9e52cf1f-ebe4-4d6d-bed0-695707ccb521 |
710173.0 | 2020-10-30 00:00:00 UTC | Earnings Beat: Ducommun Incorporated Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models | DCO | https://www.nasdaq.com/articles/earnings-beat%3A-ducommun-incorporated-just-beat-analyst-forecasts-and-analysts-have-been | nan | nan | Shareholders might have noticed that Ducommun Incorporated (NYSE:DCO) filed its third-quarter result this time last week. The early response was not positive, with shares down 5.8% to US$32.66 in the past week. Revenues were US$150m, approximately in line with expectations, although statutory earnings per share (EPS) performed substantially better. EPS of US$0.54 were also better than expected, beating analyst predictions by 11%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
NYSE:DCO Earnings and Revenue Growth October 30th 2020
Taking into account the latest results, Ducommun's four analysts currently expect revenues in 2021 to be US$649.8m, approximately in line with the last 12 months. Statutory earnings per share are predicted to grow 14% to US$2.79. In the lead-up to this report, the analysts had been modelling revenues of US$646.7m and earnings per share (EPS) of US$2.52 in 2021. There was no real change to the revenue estimates, but the analysts do seem more bullish on earnings, given the nice increase in earnings per share expectations following these results.
The consensus price target rose 11% to US$46.75, suggesting that higher earnings estimates flow through to the stock's valuation as well. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Ducommun at US$54.00 per share, while the most bearish prices it at US$34.00. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that sales are expected to reverse, with the forecast 1.3% revenue decline a notable change from historical growth of 3.0% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 5.7% annually for the foreseeable future. It's pretty clear that Ducommun's revenues are expected to perform substantially worse than the wider industry.
The Bottom Line
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Ducommun's earnings potential next year. On the plus side, there were no major changes to revenue estimates; although forecasts imply revenues will perform worse than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.
With that in mind, we wouldn't be too quick to come to a conclusion on Ducommun. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Ducommun analysts - going out to 2022, and you can see them free on our platform here.
You still need to take note of risks, for example - Ducommun has 3 warning signs (and 1 which is a bit unpleasant) we think you should know about.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders might have noticed that Ducommun Incorporated (NYSE:DCO) filed its third-quarter result this time last week. NYSE:DCO Earnings and Revenue Growth October 30th 2020 Taking into account the latest results, Ducommun's four analysts currently expect revenues in 2021 to be US$649.8m, approximately in line with the last 12 months. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation. | NYSE:DCO Earnings and Revenue Growth October 30th 2020 Taking into account the latest results, Ducommun's four analysts currently expect revenues in 2021 to be US$649.8m, approximately in line with the last 12 months. Shareholders might have noticed that Ducommun Incorporated (NYSE:DCO) filed its third-quarter result this time last week. Revenues were US$150m, approximately in line with expectations, although statutory earnings per share (EPS) performed substantially better. | NYSE:DCO Earnings and Revenue Growth October 30th 2020 Taking into account the latest results, Ducommun's four analysts currently expect revenues in 2021 to be US$649.8m, approximately in line with the last 12 months. Shareholders might have noticed that Ducommun Incorporated (NYSE:DCO) filed its third-quarter result this time last week. There was no real change to the revenue estimates, but the analysts do seem more bullish on earnings, given the nice increase in earnings per share expectations following these results. | Shareholders might have noticed that Ducommun Incorporated (NYSE:DCO) filed its third-quarter result this time last week. NYSE:DCO Earnings and Revenue Growth October 30th 2020 Taking into account the latest results, Ducommun's four analysts currently expect revenues in 2021 to be US$649.8m, approximately in line with the last 12 months. There was no real change to the revenue estimates, but the analysts do seem more bullish on earnings, given the nice increase in earnings per share expectations following these results. | 98d0b20b-e67e-429c-b3e9-14d42130216f |
710174.0 | 2020-10-01 00:00:00 UTC | Cubic Stock Surged 34% Last Week: Still A Buy? | DCO | https://www.nasdaq.com/articles/cubic-stock-surged-34-last-week%3A-still-a-buy-2020-10-01 | nan | nan | Despite an almost 80% rise since the March 23 lows of this year, at the current price of around $59 per share, we believe Cubic stock (NYSE:CUB), best known for its diversified systems and services for the transportation industry worldwide, has more room for growth. CUB stock has rallied from under $33 to $59 off the recent bottom, compared to a 47% move for the S&P500. In fact, the stock price surged over 34% in a single trading session on Sep 21, after the news broke of Elliott Managementâs, an activist hedge fund, 15% ownership in the company. We discuss more on this in the section below.
Notably, despite the recent rally, CUB stock is still at the same level it was trading at toward the end of 2017. However, going by fundamentals, the companyâs performance has been robust over recent years. Revenues grew 35% from $1.1 billion in 2017 to $1.5 billion in 2019. This clubbed with a 12% increase in total shares outstanding meant a 20% rise in revenue per share from $41 to $49. Our dashboard, âWhat Factors Drove 0.3% Change in Cubic Stock between 2017 and now?â has the underlying numbers.
Cubicâsâ P/S multiple changed from 1.4x in 2017 to 1.3x in 2019. While the companyâs P/S is now 1.2x, there is an upside when the current P/S is compared to levels seen in the past years, P/S of 1.3x as recent as late 2019.
So whatâs the likely trigger for the stock?
The global spread of Coronavirus has also impacted Cubicâs sales, which declined 8% in fiscal Q3 (fiscal ends in September). However, it continued to see strong bookings for its Transportation Systems segment, which refers to the companyâs offerings of integrated systems centered on contactless smartcard technology for transportation and traffic management. The growth in bookings, which more than doubled in fiscal Q3, was primarily led by Cubicâs agreement with Massachusetts Bay Transportation Authority (MBTA) to implement a contactless payment system.
However, the surge in the stock price last week was purely related to the companyâs disclosure of adoption of a limited-duration shareholder rights plan, which was made effective immediately and it will expire on September 19, 2021. This step was taken by the company after Elliott Management along with its affiliates reached a 15% ownership in Cubic. Furthermore, Elliott along with a private equity firm, expressed interest to acquire Cubic. The company stated that it has not put itself up for sale, and it expects to do well as a standalone entity. The adoption of the rights plan means Cubic doesnât have to worry about a hostile takeover, while it assesses offers made by Elliott Management. Overall, Cubic appears to be in a great spot for an upside move after this news, and given the fact that the stock hasnât seen any growth over the recent years, despite improving fundamentals.
The actual recovery and its timing hinge on the broader containment of the coronavirus spread. Our dashboard Trends In U.S. Covid-19 Cases provides an overview of how the pandemic has been spreading in the U.S. and contrasts with trends in Brazil and Russia. Following the Fed stimulus â which set a floor on fear â the market has been willing to âlook throughâ the current weak period and take a longer-term view. With investors focusing their attention on 2021 results, the valuations become important in finding value. Though market sentiment can be fickle, and evidence of an uptick in new cases could spook investors once again. Â
What if youâre looking for a more balanced portfolio instead? Hereâs a high-quality portfolio to beat the market, with over 100% return since 2016, versus 55% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Despite an almost 80% rise since the March 23 lows of this year, at the current price of around $59 per share, we believe Cubic stock (NYSE:CUB), best known for its diversified systems and services for the transportation industry worldwide, has more room for growth. The growth in bookings, which more than doubled in fiscal Q3, was primarily led by Cubicâs agreement with Massachusetts Bay Transportation Authority (MBTA) to implement a contactless payment system. However, the surge in the stock price last week was purely related to the companyâs disclosure of adoption of a limited-duration shareholder rights plan, which was made effective immediately and it will expire on September 19, 2021. | Despite an almost 80% rise since the March 23 lows of this year, at the current price of around $59 per share, we believe Cubic stock (NYSE:CUB), best known for its diversified systems and services for the transportation industry worldwide, has more room for growth. Notably, despite the recent rally, CUB stock is still at the same level it was trading at toward the end of 2017. Overall, Cubic appears to be in a great spot for an upside move after this news, and given the fact that the stock hasnât seen any growth over the recent years, despite improving fundamentals. | Despite an almost 80% rise since the March 23 lows of this year, at the current price of around $59 per share, we believe Cubic stock (NYSE:CUB), best known for its diversified systems and services for the transportation industry worldwide, has more room for growth. Overall, Cubic appears to be in a great spot for an upside move after this news, and given the fact that the stock hasnât seen any growth over the recent years, despite improving fundamentals. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently. | Despite an almost 80% rise since the March 23 lows of this year, at the current price of around $59 per share, we believe Cubic stock (NYSE:CUB), best known for its diversified systems and services for the transportation industry worldwide, has more room for growth. The global spread of Coronavirus has also impacted Cubicâs sales, which declined 8% in fiscal Q3 (fiscal ends in September). Overall, Cubic appears to be in a great spot for an upside move after this news, and given the fact that the stock hasnât seen any growth over the recent years, despite improving fundamentals. | 9faf2438-020f-4030-b37c-cbefa38b0568 |
710175.0 | 2020-05-04 00:00:00 UTC | Ducommun (DCO) Q1 2020 Earnings Call Transcript | DCO | https://www.nasdaq.com/articles/ducommun-dco-q1-2020-earnings-call-transcript-2020-05-04 | nan | nan | Image source: The Motley Fool.
Ducommun (NYSE: DCO)
Q1 2020 Earnings Call
Apr 30, 2020, 5:00 p.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Q1 2020 Ducommunearnings conference call [Operator instructions] Please be advised that today's conference is being recorded. [Operator instructions] I would now like to hand the conference over to your speaker today, Mr. Chris Witty, the moderator.
Thank you. Please go ahead.
Chris Witty -- Investor Relations Contact Officer
Thank you, and welcome to Ducommun's 2020 first-quarter conference call. With me today are Steve Oswald, chairman, president, and CEO; and Chris Wampler, vice president, interim chief financial officer, and treasurer, and controller and chief accounting officer. I'm going to discuss certain limitations to any forward-looking statements regarding future events, projections or performance that we may make during the prepared remarks or the question-and-answer session that follows. Certain statements today that are not historical facts, including any statements as to future market conditions, results of operations and financial projections are forward-looking statements under the Federal Private Securities Litigation Reform Act of 1995, and are, therefore, perspective.
These forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from the future results expressed or implied by such forward-looking statements. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. In addition, estimates of future operating results are based on the company's current business, which is subject to change. Particular risks facing Ducommun include, among others, the cyclicality of our end-use markets, the impact of COVID-19 on our operations or customers, the level of U.S.
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government defense spending, timing of orders from our customers, legal and regulatory risks, management changes, the cost of expansion and acquisitions and competition. These risks and others are described in our annual report on Form 10-K filed with the SEC, and our forward-looking statements are subject to those risks. Statements made during this call are only as of the time made, and we do not intend to update any statements made in this presentation except if and as required by regulatory authorities. This call also includes non-GAAP financial measures.
Please refer to our filings with the SEC for a reconciliation of the GAAP to non-GAAP measures referenced on this call. We filed our 2020 first quarter Form 10-Q with the SEC today, and you'll find a link to all our filings with the SEC on the company's website under the investor relations tab. I would now like to turn the call over to Mr. Steve Oswald for a review of the operating results.
Steve?
Steve Oswald -- Chairman, President, and Chief Executive Officer
OK. Thank you, Chris, and thanks, everyone, for joining us today for our first-quarter conference call. I also hope that you and your families are healthy and getting through this pandemic as best as possible. Today, and as usual, I will give an update of the current situation of the company, after which Chris Wampler will review our financials in detail.
Generally, it's been a time of rapid change and the judgment to comment as we manage through these challenges with the top priority being the health and safety of our employees. I'm happy to report that despite having facilities in high-impacted areas, such as Southern California and one operation south of Albany in New York state, the virus spread has mostly had 0 impact on our team with only one case reported, which we believe was not contracted at work. We also remain diligent on putting even more effective safety protocols in place. As we move forward, our facilities are sharing best practices and ideas across the company to sustain this performance.
Despite the challenges of the pandemic to the nation in the markets, Ducommun's first-quarter performance was excellent. Reasons for this result I believe is our team has been working diligently over the past three years, improving all our operations, developing our product portfolio, driving new technologies, focusing on providing high value to customers, having an effective cost structure and making strategic acquisitions. This has been particularly evident recently in the progress of Ducommun's defense business revenues and orders. Overall, the company's first-quarter revenue rose 1% year over year and marked the ninth consecutive quarter of year-over-year growth.
So not a material increase, I want to remind everyone that we improved revenue with not only the impact from the virus in March, but also over $25 million of 737 MAX headwind from last year, which for the size of our P&L is impressive. As mentioned previously, Ducommun's defense business has really started showing its strength, especially in Q1. Majority of the gains in the quarter include increases from our new weapon system business, Nobles Worldwide with the Clouded Leopard armored fighting vehicle, the F-35, the Patriot Missile, Apache helicopter, F-15, F-16 and F-18 and other industry programs. And many areas of defense were just getting started, pulling some great progress in developing business in UAVs.
One of the things we're most proud of and I highlight is the continued defense revenue growth of Raytheon. As you may recall, Ducommun was the first company selected to sign a preferred supplier agreement last July with the former Raytheon Missile Systems business, now known as Raytheon Missile and Defense. Through that relationship, I am happy to report that we have fully commercialized our first structures product for them, which is the missile case for the toll missile program. This is a major step forward as all of other current deliveries for Raytheon are electronic products.
This win also continues to build a value offering in the areas of defense within Ducommun's structures business. We throwed the opportunity and booked a $20 million plus order for the program in Q1. In addition, another major story is the rotation of our customer rankings. Although it was only one quarter, the top five companies ranked by revenue now are Raytheon, Boeing, United Technologies, Northrop Grumman and Spirit Aerosystems.
For context, since I arrived at the company in January of 2017, each and every quarter, Boeing and Spirit always held you the first, second or third place. It should be a clear indicator that the diversification of our portfolio and balance is working at Ducommun, showing material strength, while the commercial aerospace business is significantly impacted by the pandemic and the 737 MAX. We believe at least in the next year or two, this trending will continue in favor of defense, and the team is driving every opportunity. Also, despite the tough news and current situation with commercial aerospace, Ducommun continues to gain share at Airbus, achieving positive growth year over year in Q1.
As you may recall, Airbus was not even a customer of the company four years ago. Though the rates are down, opportunity still exists for a larger percentage of the A320 program. The other bright spot for the quarter ending in Q1 was the backlog of $876 million. It is sequentially down from Q4, but still a great number based on the environment, bolstered by strong orders across numerous key defense platforms, which included Apache, the Tomahawk missile case previously discussed, UAVs, weapon systems for ground vehicles, F-35, F-18 and others.
This part of Ducommun continues to deliver. Obviously, the strength helped offset commercial aerospace order pressure. Overall, the company is off to a solid start in 2020, in both revenues and earnings. As previously communicated, Ducommun took action early in January to ensure all costs that our effective operations were proactively managed due to the 737 MAX production shutdowns at Boeing and Spirit Aerosystems announced in December 2019.
Actions have continued as we now deal with the pandemic to ensure the company adjusts its costs. You can certainly see the effusiveness of our actions within this tough environment in Q1, with both very positive gross profit and operating income percentage posted, and the team has certainly done a great job. We continue to be proactive in the area of cost, and I also want to mention that our leadership team has the experience in the background for the managing through the financial crisis in 2008, 2009, to be affected through this difficult time as well. In regards to the Q2 outlook, we see our strong backlog in defense with the many growth programs mentioned earlier, including the strategic supplier agreement with Raytheon, providing year-over-year growth.
The Nobles acquisition will also help provide additional inorganic growth. But with the unprecedented challenges in commercial aero, along with the 737 MAX, the company revenue should be lower in Q2 in the range of 16% to 20% year over year. We think that within the current circumstances, it's a very good effort and also expect operating income percentage for the quarter to be between 5.5% and 6%. As we look to the second half of the year, we estimate that defense revenue will improve again, but the business overall will be down year over year by 8% to 12% due to commercial aerospace.
Operating income, we believe this time will be between 6% to 7%. As you saw, though, in the first quarter, overcoming $25 million plus for MAX, at the beginning of the pandemic, all the hard work the past three years, including process improvements, restructuring, leadership development, cost discipline and others have clearly made a material difference. And despite the short-term outlook, the business has a great long-term future. Now let me provide you some additional color on our markets, products and programs.
Beginning with our military and space sector, we posted first-quarter revenue of $100.8 million, up 32% versus 2019. We drove sales across a broad variety of defense platforms in nearly every aspect of our product portfolio. As mentioned earlier, we saw increases in demand for our military fixed-wing aircraft programs with particular strength in shipments for the F-15, F-16, F-18 and F-35 as well as top line expansion for helicopters like the Apache. In addition, the Patriot missile system rose again this quarter, we saw significant growth across many other military and space applications.
We are well positioned for further growth across our defense platform over the next three quarters in all sectors and ended the first quarter with a backlog roughly $474 million for defense, up an impressive 36% year over year. I'm also happy to announce that Ducommun was recognized as the Black Hawk supplier of the year in 2019 by Sikorsky, a Lockheed Martin company. Within our commercial aerospace operations, first-quarter sales declined year over year to $62.5 million, but we did see continued share gain at Airbus and despite the rates posted year-over-year gains with this customer. Ducommun also continues to work on adjusting costs and managing the downturn and is well positioned once rates start to stabilize and in the long term.
Ducommun's expansion with Airbus since 2017 is clearly helping and puts important balance in our portfolio. Airbus A320 and Airbus A220 families represented a larger and larger share, both directly and indirectly in Ducommun's commercial revenue in Q1. The backlog within our commercial aerospace sector stood at roughly $376 million at the end of the first quarter, with the majority of the decline for the 737 MAX program. At this point, I'll turn it over to Chris.
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer
Thank you, Steve, and good afternoon, everyone. As a reminder, please see the company's filings and Q1 earnings release for further description of information mentioned on today's call. As Steve discussed, we were pleased with the first quarter's overall results, even as we faced the dual challenges of lower 737 MAX production and the growing economic impact from the COVID-19 pandemic. We feel confident that our ability to flex production parameters and rapidly evolve our lean operating structure to external conditions will serve us well in the months and quarters ahead.
Now I'll move to the details of our overall results. Revenue for the first quarter of 2020 was $173.5 million versus $172.6 million in the first quarter of 2019. This performance was driven by $24.2 million of higher sales within the military and space sector partially offset by $23 million of lower revenue from our commercial aerospace customers. Industrial sales were essentially flat year over year.
As mentioned in our year-endearnings call we expected our military and space business to directionally offset the headwind in Boeing MAX, 737 MAX commercial demand. Ducommun's overall backlog at the end of the first quarter was approximately $876 million, near record levels. Growth in the military and space backlog continues to drive a sustained, strong backlog. As a reminder, we define backlog as potential revenue based on customer purchase orders and long-term agreements with firm-fixed prices and expected delivery dates of 24 months or less.
Once again posted solid gross profit for the quarter as gross margins rose to 21.2% from 20.7% in the prior year's comparable period. The increase year over year was due to favorable mix and lower compensation and benefit costs. Gross profit rose to $36.8 million from $35.7 million last year. We do expect downward pressure on gross profit as we move through 2020, and we manage through the environment of reduced commercial aerospace demand.
SG&A was $23.2 million in the first quarter versus $22.8 million in the first quarter of 2019. The company reported operating income for the first quarter of $13.6 million or 7.8% of revenue compared to $12.8 million or 7.5% of revenue in the prior year period. The year-over-year improvement was due to the increased revenue and the higher gross margins. Interest expense was $4.2 million in the first quarter versus $4.4 million in the prior year period, reflecting the favorable impact of lower interest rates on our new credit facilities, more than offsetting the higher amount of debt outstanding during the quarter.
The increased debt outstanding during the quarter was primarily due to funding the company's acquisition of Nobles in October 2019. The company reported net income for the first quarter of $7.9 million or $0.67 per diluted share compared to net income of $7.5 million or $0.64 per diluted share for the first quarter of 2019. The year-over-year increase was primarily due to higher revenue, stronger gross margins, as I previously mentioned. Adjusted EBITDA for the first quarter of 2020 was $23.2 million or 13.4% of revenue compared to $21.1 million or 12.2% of revenue for the comparable period in 2019, an increase of 120 basis points.
Now let me turn to the segment results. Our Electronic Systems segment posted revenue of $98.1 million in the first quarter of 2020 versus $84.2 million in the prior year period. These results reflect a $12.9 million increase in sales with the company's military and space customers and a modest uptick in revenue across our commercial aerospace platforms. Electronic Systems posted operating income for the first quarter of $15.1 million or 15.4% of revenues versus $9.2 million or 10.9% of revenues in the prior year period.
The improved performance reflects favorable manufacturing volumes and product mix. Our Structural Systems segment posted revenues of $75.4 million in the first quarter of 2020 versus $88.4 million last year. The year-over-year decrease was due to $24.3 million of lower sales across our commercial aerospace applications, reflecting current demand dynamics partially offset by $11.3 million of higher revenue within the company's military and space markets. Structural Systems posted operating income for the quarter of $5.4 million or 7.2% of revenue compared to $10.5 million or 11.9% of revenue last year.
The year-over-year operating margin decline reflected unfavorable manufacturing volumes and product mix partially offset by lower compensation and benefit costs. Corporate, general and administrative expense, CG&A expenses for the first quarter of 2020 were $6.9 million or 4% of revenue versus $6.9 million and 4% of revenue as well in 2019. Turning to liquidity and capital resources. We have available liquidity of $115 million.
We drew down $50 million on our $100 million revolver toward the end of the first quarter and an abundance of caution as the uncertainty grew related to the potential impacts of COVID-19. We held this drawdown in cash on our balance sheet at quarter end. We used $12 million of cash from operations during the first quarter of 2020 compared with $1.7 million during the prior year period. The first quarter is historically our weakest cash flow quarter.
We operate with significant performance variable compensation, performance-based, the significant performance-based variable compensation and the annual incentive for the prior year is paid out in the first quarter of the subsequent year. Additionally, accounts receivable and inventory investments partially offset by higher net income added to the outflow from operations. We are in full compliance with the covenants of our credit facilities, which are not scheduled to expire until 2024 and 2025. As a reminder, we have a covenant life credit facility with a leverage ratio of covenant ceiling of 4.75.
Our debt-to-EBITDA was 3.0 at quarter end. We have reinforced our focus on cash generation with our lean operations and lean structure, and as we are restricting discretionary spending and optimizing working capital in this volatile environment. As a result, we expect to generate positive free cash flow during the remainder of 2020. In terms of capital expenditures, we spent $3.9 million during the first quarter and anticipate spending between $12 million and $14 million in 2020.
In alignment with our cash conservation initiative, this anticipated spending will result in a capital expenditure decrease of more than 20% from our 2019 capital spending level. We're again pleased with our quarterly performance and remain cautiously optimistic about the future even as we manage through the uncertainty of the COVID-19 impacts, which create a very challenging operating environment. I'll now turn it back over to Steve for his closing remarks.
Steve Oswald -- Chairman, President, and Chief Executive Officer
Thanks, Chris. While I hope we've provided some important information to shareholders today as we work through 2020. Again, I thought the first quarter was excellent despite the challenges and believe we have a lot of runway in the long-term, especially in defense and other areas such as Airbus. I would also add that we do have the right footprint, cost structure, discipline and operational leadership to continue developments in the face of this current crisis.
I also want to thank our customers, shareholders and all of our other business partners as we work through these difficult times together. In closing, and most important, I'd like to take this time to tell the common employees, I'm proud of them and all our efforts, with the many challenges from the pandemic. Roughly 90% of our team members show up at our operations every day. And those stressful, get the job done for our customers and our nation.
I just want to thank their families for the support. It is never easy when loved ones leave the home with shelter-in-place orders from the authorities. We've also given out $700,000 to local area charities, where we operate, and we'll add another 300,000 to reach one million in donations from the company to help our neighbors. Thank you for listening.
Let's go to questions.
Questions & Answers:
Operator
[Operator instructions] Our first question comes from Edward Marshall with Sidoti & Company.
Ed Marshall -- Sidoti and Company, LLC -- Analyst
So last quarter, we talked about MAX program. And I just wanted to — just based on the 216 shipsets that were expected for 2020. Are you anticipating that you'd ship those this year? Or has that been pushed over the right as a result of the COVID?
Steve Oswald -- Chairman, President, and Chief Executive Officer
Ed, right now, we're at 216. As far as we're working right now with our customers, but I don't really have anything. Chris, anything else on that or I think we do.
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer
No. I mean I think beyond —I mean if we all listened to Boeing's call yesterday, we've been in contact with them. I mean certainly, from our year-end call until now, there's been a little more caution that's been put out there, but they were fairly confident on their call yesterday that they worked through the slow ramp-up that they've got in front of them this year to hit back toward a 31 rate as they get to 2021.
Steve Oswald -- Chairman, President, and Chief Executive Officer
We have no new — yes.
Ed Marshall -- Sidoti and Company, LLC -- Analyst
OK. So as you plan production, first, did you restart production? And you talked about maybe a more even build throughout the year to look at your operating costs. Did that occur in Q1? And do you anticipate that you'll start that you'll start that in Q2?
Steve Oswald -- Chairman, President, and Chief Executive Officer
We actually did that in Q1. I mean we got out of the gate early because, obviously, we got the news in December about the shutdown, right? So by the middle of January, we already had furloughs in place and lots of other things. So we managed it. We're working closely with that.
We manage them in Q1. And then Q2, again, we just continue to be as proactive as we can on the cost side.
Ed Marshall -- Sidoti and Company, LLC -- Analyst
Got it. You talked about the Electronics margin potentially getting higher than the 10% that it did in Q1 or in Q4 that you posted, this quarter you executed toward that. And I'm just trying to get a sense of maybe what's embedded in that number? How repeatable is that? It sounds like it might be taking a step back. And then I have a follow-up for them.
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer
Yes. No, Ed, I think it is a step forward for us for sure. And did we expect it to take the leap quite that much? I don't know. There was a nice leap this year, this sort this quarter in Q1.
Can we sustain it? Yes, if the volumes do. I mean the key here was getting a little more volume at several of the performance centers, which dropped certainly much stronger than I know we've mentioned as we've gone through. But also getting all of the performance centers up to a more efficient level, and we sort of had that breakthrough as well. So in Q1, the shine that Electronics had on it in Q1 certainly helped us balance out the quarter.
And we're going to look for that as we move forward. Yes, there'll be a little more headwind. And Q2 is a little bit, as Steve alluded to, is going to be a tough one overall. We do look for Electronics to continue to keep a very strong profile.
Ed Marshall -- Sidoti and Company, LLC -- Analyst
So maybe I can ask one step further. The guidance that you provided, whether it's on the quarter, on the year. Could you talk about what's embedded from the operating profit margin for those two business segments to just kind of roll up to the consolidated number that you're looking for?
Steve Oswald -- Chairman, President, and Chief Executive Officer
Well, I think I'll take a little bit it. First, we're benefiting from scale on the Electronics side, obviously being driven by defense, right? So we have a lot of — our operations are really tight. And so we're obviously benefiting from that volume. So that's certainly going to help us.
And then on the other side is, as I mentioned earlier, on the commercial side in those factories, I mean we're very proactive on cost. We know how to do this, and we're doing it. So that's why we're seeing fairly nice numbers, though the revenue is down.
Ed Marshall -- Sidoti and Company, LLC -- Analyst
So the 5.5%, 6%, what's embedded at the segment level? I mean that's kind of what I was getting at.
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer
Yes. I mean directionally, Ed, the volume, Q2 is going to be a tough one to repeat for Electronics. So I don't know that it would stay quite there. You saw the step back in structures in Q1's operating margin.
It's going to be a challenge to take that one much higher. So I think if you build it out more of what you see in Q1 with Electronics until we get our volume back to this level we were at, that's probably a fair look.
Ed Marshall -- Sidoti and Company, LLC -- Analyst
Got it. Got it. And thanks, by the way, for providing the guidance. I think this is probably the first time I can remember Ducommun doing that, so thank you.
Maybe a little bit of an easier question then. So if I were thinking about your interest expense and tax, would there be any meaningful changes from what we saw in Q1? I got to assume no.
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer
Well, the only place is going to be from what you saw in Q1, yes. I mean I'll take them both. I mean interest expense, certainly, the whole market changed a little bit as we got toward the end of Q1. So with our with our variable debt facilities, I mean we should come through a little cleaner in Q2 through Q4 than the $4.2 million that you saw and get there in Q1.
So definitely where we were at the year-end call, it's a more favorable interest rate environment. And so that number should probably be more in the $4 million a quarter versus what we were talking about at the year-end call. So that will help out at that line. And then on the tax side, I think we've gotten to a pretty decent repeat process on where we're at under the new tax laws over the last couple of years.
And pointing you to a 19% to 20% full year is probably still the right answer. We definitely cut some favorability with some of the SBC tax laws hit in Q1, that were a discrete item for us. But generally, it should be back to that 19% to 20% as we go through the year.
Operator
Our next question comes from Ken Herbert with Canaccord.
Ken Herbert -- Canaccord Genuity -- Analyst
Steven and Chris, really nice quarter. Steve, I just wanted to first ask on the cost takeout in the first quarter, can you maybe comment on how much of this is permanent maybe versus temporary. And how much sort of buffer or excess capacity are you going to have to carry this year on the cost side in order to support MAX rates back up to 30 next year or depending upon when Boeing gets to those numbers?
Steve Oswald -- Chairman, President, and Chief Executive Officer
Yes. Ken, thanks. So look, first, obviously, we got to make some tough decisions on furloughs. And we try to do the best we can with that, but the orders aren't there, and the outlook isn't where it needs to be.
We furlough. And if there's no real light as far as being able to bring people back, we do something for them and then we move forward. So I think on the people side, we've got a good handle on it. It's variable.
The other thing I'll say is that we really try to drive low capital intensity where we can. So we do have, obviously, operations that carries maybe some more machines than others. But I think overall, as you can see from our margins that we do a pretty good job managing the overheads, and we manage the variable costs. So I think that throughout the year, again, we've been through this before, management, myself.
So as long as you're proactive and stay ahead of it, like we used to say companies to work at using in good shape. So I think overall, this year, we're going to be OK on both ends.
Ken Herbert -- Canaccord Genuity -- Analyst
OK. And then I guess it's fair to say that you won't need to be looking to add much cost to support rates, higher rates on the MAX, if and when Boeing is able to execute and push that up?
Steve Oswald -- Chairman, President, and Chief Executive Officer
Yes. That's good. Yes. I want to confirm that.
Yes. We're in good shape. So just that's a check mark on that.
Ken Herbert -- Canaccord Genuity -- Analyst
OK. Perfect. And I just wanted to — you've talked obviously a lot about the defense side and clearly benefiting from a lot of the actions you've made and initiatives there. What are you seeing, Steve, in terms of your customers and payments? I mean you're actually starting to see a benefit in terms of any accelerated either contract awards or payments from the government or through the prime contractors.
I mean there's been obviously a lot of talk about ensuring that the industrial base on the defense side is well supported in light of COVID-19. But what are you seeing on that front?
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer
I'll take that one, Ken. I mean there is a little — I mean there's chatter that some of that may be happening, but reality is we're seeing a lot of business as usual on the defense side. I mean there can be a contract or a situation where we might get quicker agreement on an advanced payment to cover some long lead time items or something like that. But overall, I mean it's essentially it's very business as usual on the dense side and what we're seeing on the cash flow.
Steve Oswald -- Chairman, President, and Chief Executive Officer
Yes. No change here, Ken. Pretty much been the same thing. I know there's been some news about Lockheed and some other folks, but to comment, it's just standard call.
Ken Herbert -- Canaccord Genuity -- Analyst
OK. That's great. And if I could, just one final comment. I know, obviously, commercial markets are a bit pressured today, but can you maybe help to just sort of level set us or quantify where you are with the VersaCore product line? Because I know, obviously, you put a lot of resources into that, and it was, obviously, some great share gain and growth.
But what's the outlook for that product line now? And what are you seeing there?
Steve Oswald -- Chairman, President, and Chief Executive Officer
Yes. Sure. Thanks for that question. And so [indiscernible] VersaCore, we've been working on for a few years.
We commercialized it. And now we have it fully operational, actually in our Guaymas, Mexico facility. We started with a small [indiscernible] the LEAP engine, and now we're working in other areas such as the blocker doors. And we're right now in the middle of that.
Obviously, it's been pushed off a bit. But we are still planning on fulfilling that commercialization target probably second half for the blocker doors camp, which is a majority of that contract. And without a big disruption, we feel like coming out of the end of this year, we're going to at least have a $15 million run rate on VersaCore. And now we're looking at other things with other companies.
So we think it's got a big future. We think it's check the box with Guaymas, check the box this fall with the blocker doors which is a big part of them to sell, as you know. And then we are having conversations with other OEMs for new things that we can maybe talk about later in the year.
Operator
And our next question comes from Mike Crawford with B. Riley FBR.Michael Roy CrawfordSteve, I'm glad to hear that you think you still have the right footprint after all the actions taken previously and no need sounds like to do any further kind of shuffling. But could you couch the expected gross margin decline with fixed cost absorption and capacity utilization level? Is that within your existing footprint?
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer
Yes. I mean I'll take that one, Mike. I mean it's we do have the sort of the tale of two cities here with the different setup of the two businesses with electronics and structures. But I mean I think your pointing too is clearly on the structure side, as we've got the headwind that they're — what is that going to translate to us? I'll say it this way, a lot of reasons that the performance center structure we have still works well for us.
It does allow us to flex pretty quickly. The fixed cost structure that we do have at any one facility isn't so heavy that we could handle significant headwind and still be able to make money at a various performance center. And that's really what this first four months, five months of the — four months of the year has been about. As the new information comes forward, as the new — most of it's been headwind, clearly on the structure side.
But as it comes forward, what does that mean? Back to sort of Ed's question earlier, how is that going to? What's that going to do to our approach on how we want to build, how we want to fulfill the different products and being able to flex it that way. So with that being said, that's one of the benefits we have with where we're at on how we've got the structure set up, to your point, that's why we've not talked about consolidating footprint, physical footprint at this point. It's just been more around flexing and trying to scale to it as best we can.Michael Roy CrawfordOK. And then, Chris, given the decline in revenue for the rest of the year.
I imagine you'll be taken in some of these working capital accounts and really having outsized free cash flow relative to EBITDA. So that should even further improve your balance sheet where net leverage is now down just three times. So you're getting to a level where the company could do more M&A to further accelerate this move upmarket into strong niche applications with high margins and few competitors. And so to that end, what does that pipeline look like? And are people answering phones and just not able to in this environment?
Is the question more on the working capital lead in or on the acquisition tail part of that, Mike?Michael Roy CrawfordWell, I mean question one, am I thinking in the right way in terms of free cash flow? And then, two would be is M&A kind of a standstill?
OK. Let me take the first part. Yes. I mean, Mike, absolutely.
So as you laid it out, there's uncertainty with sort of each piece of that puzzle. But if they happen the way you said it, then absolutely, the end game would be some additional free cash flow. I think a big part of it is, as we mentioned, the messaging, you heard from Steve, related to top line and profitability, here on April 30 is very different than where it was in February. So that part of the equation and how profitable we will be is a key part of that as well as some of that give and take between what we drop-through from the facilities.
And then to the working capital question, again, we've got tail of two cities. So there'll be some places as we look to grow the business on the defense side this year, where there are going to be some investment there while hopefully pulling down some of the working capital taken on the structure side as we gain rightsize over the next several months.
Steve Oswald -- Chairman, President, and Chief Executive Officer
And Mike, on the acquisition, certainly, right now, we're in a pause phase. But we still have our people engaged and in place. And so we'll see how the second half looks in early 2021. But right now, for the most part, we're on pause probably for the next few months at least.
Operator
[Operator instructions] Our next question comes from Michael Ciarmoli with SunTrust.Michael Frank CiarmoliMaybe just some housekeeping ones first. Chris, would you guys disclose organic revenue growth in the quarter? Or tell us what the Nobles contribution was?
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer
Sure. It's less than 5%. OK. I'll leave it there, Mike.Michael Frank CiarmoliGot it.
And then just on the MAX, did you guys actually restart? And are you shipping product on the program now?
Steve Oswald -- Chairman, President, and Chief Executive Officer
Basically, we work through the first quarter, the best we could, obviously. We do have relationships with Boeing for certain products that are you really just can't make one a week, OK? So we are working with them on ship in place and some other things. So I'd say it's a bit of a mix, but we're certainly getting started now with Spirit. Obviously, we need to give these guys time to get going, but we're on a bin program with Spirit.
So once things start moving forward, the bin moves up again. But we are moving forward.
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer
Yes. And we did have a decent stretch in Q1 there, Mike, and into the start of Q2 here where those temporary shutdowns did — they did impact us. I mean they did impact our ability to ship, absolutely.
Steve Oswald -- Chairman, President, and Chief Executive Officer
Yes. Absolutely, yes.Michael Frank CiarmoliMaybe that's a good lead in to, especially with the comment on Spirit with the bin programs. I mean how are you? Obviously, appreciate the guidance and obviously, nobody really knows what's going on here. But do you expect further pressure from either supply chain realignment to these lower rates? Do you get a sense that there is a lot of buffer stock in the system that has to be drawn down? And I guess as I'm looking at this, you guys already had the MAX headwind built into this year.
Do you expect any of these pressures, even something like 87, does it last into '21 as some of these rates are coming down pretty significantly?
Mike, as I sit here right now, my answer will be no, OK? I mean as far as — I think we are going to see some production. I think things are going to — who knows for sure, right? But I think that the activity, I think we're going to continue to roll forward. I think that the 87 reduction is a little further out. It's OK.
So I think overall, I would say, a top level would be no.Michael Frank CiarmoliOK. OK. And then last one, just on the Electronics segment. Obviously, defense business as usual across the board.
But as you guys are looking at your product lines, the demands there, do you see any risk in that supply chain, either from COVID-related disruptions or any of your suppliers in different geographies, dealing with facility shutdowns, anything that would pose a threat to your planned growth there or expected shipments deeper in the supply chain?
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer
Yes. I mean I think what I would point to, Mike, is, as Steve mentioned, I mean the whole team lived through something like this before. So we're not trying to be naive. And definitely, there are data points where we can have issue.
It could be a supplier here. It could be a push out of the supply there or a shutdown. But having said that, when you look at a high level, the answer is no. Again, benefited from the various ways that we've got the performance center set up, where the product lines are set up and how much on the supply chain side, how invested we are with any one particular.
I mean we've got a diverse supply chain. So if we hit a bump in the road with one that we can shift and we can keep moving. So overall, we can — it's not a prevalent problem that we see right now, but we still got room to go.
Steve Oswald -- Chairman, President, and Chief Executive Officer
And we don't see anything material right now, Mike.Michael Frank CiarmoliThat's right. Yes. OK. And then even on inventory, I mean, it sounds like that could potentially be a source of cash for you as you kind of just rightsized to new levels.
But you don't envision having a stockpile anything or do any prebuying there?
No.
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer
No.
Operator
And our next question comes from Ken Herbert with Canaccord.
Ken Herbert -- Canaccord Genuity -- Analyst
Steve and Chris, just a couple of real quick follow ups. On the free cash flow discussion, it sounds like from your comments that the second quarter is likely a use of cash, again, just with everything going on, but you inflect positively in the second half of the year to get to positive free cash flow for the full year? Is that the right framework?
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer
I think it's a little more optimistic than that, Ken. I mean even though there's the headwind on the top line and profitability year over year for Q2, we're still anticipating being able to generate some cash flow here in Q2 and then build from there, the momentum as we go through the rest of the year.
Ken Herbert -- Canaccord Genuity -- Analyst
OK. That's great. And then second, considering where rates are going to go on 787 and sort of a 35% to 40% volume reduction between Boeing and Airbus. Do you see any potential risk to goodwill or intangibles when I think about LDS in particular and some of this exposure to the 787?
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer
Yes. So to answer that question, I mean there's been — as the COVID pandemic has taken hold, like all companies, we've gone through a lot of scenario planning and looking at what risks are out there. And that includes physical assets as well as intangibles and goodwill. And no, I mean as those reporting units are evaluated, and we look at what's in front of us right now with various scenarios, we're comfortable with having quite a bit of cushion before we would have to get into that from where we sit right now.
Clearly, every quarter is going to be a new quarter. But right now, we don't anticipate any issues.
Steve Oswald -- Chairman, President, and Chief Executive Officer
We feel good about it, Ken. We feel good about it.
Operator
And we have a follow-up from Edward Marshall with Sidoti.
Ed Marshall -- Sidoti and Company, LLC -- Analyst
Two quick follow ups. One, we're focused on kind of the near-term with commercial. But as we kind of step to the next generation, let's say, 777, 777X, what is the potential, we always think of Ducommun as narrow-body, but with the larger aircraft coming through, I know you do quite a bit of work on the Dreamliner. What's your thought on the 777X and maybe Ducommun's participation on that program?
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer
It's light. It's light. 777X is light. We do have a few things on there.
I think that if you look at just in general, you look at our single-aisle bookings or single-aisle revenue versus wide-body, we generally run two times, OK? So we're generally two times. And I think we do have things on the 777X, but we're definitely in the two times range, much more players in single aisle, and that's going to continue.
Ed Marshall -- Sidoti and Company, LLC -- Analyst
Got it. The second part of that is any further developments on the topic we brought up last quarter on wind, wind energy and LDS.
Steve Oswald -- Chairman, President, and Chief Executive Officer
So look, yes, Ed, first, we love LDS. It's been a great thing for the company. It was our first acquisition that myself and the team did together. So it's been a great thing for us.
We've got a product in the field. We're working with at least one company on doing some trials, and we should have more information at probably midyear.
Operator
We have a follow-up from Michael Ciarmoli with SunTrust.Michael Frank CiarmoliSteve, I think you mentioned some progress on UAVs and defense. Can you maybe just elaborate there what you're saying?
Steve Oswald -- Chairman, President, and Chief Executive Officer
Yes. I guess I want to put it in there because I think we're going to be talking more about in the future. I can't disclose it right now. Just let you know, I did tell you that we did book an order in UAVs.
I've got to be careful here, it's not commercialized yet. I don't have a authority to say anything, but I thought it was important to put it in here because it's a new area for us, so was important for the shareholders and analysts to know that we're moving forward in that area. It should be good.Michael Frank CiarmoliCan you give us a hint of structure side or Electronic Systems?
Electronic. Electronic.
Operator
And at this time, there appears to be no further callers in the queue. So I'll turn the call over to Mr. Oswald for any closing remarks.
Steve Oswald -- Chairman, President, and Chief Executive Officer
Well, thank you, everybody. Obviously, thank everyone who joined us today. Thank our analysts. I'd just to wrap up here, that we had a great conversation.
I appreciate again the support. We're all working arm and arm here, trying to do the best we can, the most important and keep our people safe, help out our communities and obviously take care of our customers. So I want to wish everybody good health and safety, and we look forward to seeing talking to you soon. Take care.
Operator
[Operator signoff]
Duration: 49 minutes
Call participants:
Chris Witty -- Investor Relations Contact Officer
Steve Oswald -- Chairman, President, and Chief Executive Officer
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer
Ed Marshall -- Sidoti and Company, LLC -- Analyst
Ken Herbert -- Canaccord Genuity -- Analyst
More DCO analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ducommun (NYSE: DCO) Q1 2020 Earnings Call Apr 30, 2020, 5:00 p.m. Operator [Operator signoff] Duration: 49 minutes Call participants: Chris Witty -- Investor Relations Contact Officer Steve Oswald -- Chairman, President, and Chief Executive Officer Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer Ed Marshall -- Sidoti and Company, LLC -- Analyst Ken Herbert -- Canaccord Genuity -- Analyst More DCO analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Reasons for this result I believe is our team has been working diligently over the past three years, improving all our operations, developing our product portfolio, driving new technologies, focusing on providing high value to customers, having an effective cost structure and making strategic acquisitions. | Operator [Operator signoff] Duration: 49 minutes Call participants: Chris Witty -- Investor Relations Contact Officer Steve Oswald -- Chairman, President, and Chief Executive Officer Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer Ed Marshall -- Sidoti and Company, LLC -- Analyst Ken Herbert -- Canaccord Genuity -- Analyst More DCO analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Ducommun (NYSE: DCO) Q1 2020 Earnings Call Apr 30, 2020, 5:00 p.m. Reasons for this result I believe is our team has been working diligently over the past three years, improving all our operations, developing our product portfolio, driving new technologies, focusing on providing high value to customers, having an effective cost structure and making strategic acquisitions. | Operator [Operator signoff] Duration: 49 minutes Call participants: Chris Witty -- Investor Relations Contact Officer Steve Oswald -- Chairman, President, and Chief Executive Officer Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer Ed Marshall -- Sidoti and Company, LLC -- Analyst Ken Herbert -- Canaccord Genuity -- Analyst More DCO analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Ducommun (NYSE: DCO) Q1 2020 Earnings Call Apr 30, 2020, 5:00 p.m. The company reported operating income for the first quarter of $13.6 million or 7.8% of revenue compared to $12.8 million or 7.5% of revenue in the prior year period. | Operator [Operator signoff] Duration: 49 minutes Call participants: Chris Witty -- Investor Relations Contact Officer Steve Oswald -- Chairman, President, and Chief Executive Officer Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer Ed Marshall -- Sidoti and Company, LLC -- Analyst Ken Herbert -- Canaccord Genuity -- Analyst More DCO analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Ducommun (NYSE: DCO) Q1 2020 Earnings Call Apr 30, 2020, 5:00 p.m. As we look to the second half of the year, we estimate that defense revenue will improve again, but the business overall will be down year over year by 8% to 12% due to commercial aerospace. | 4cbf55c3-f883-4ea5-a5b4-8d8369e203de |
710176.0 | 2020-04-20 00:00:00 UTC | BUZZ-U.S. STOCKS ON THE MOVE-Co-Diagnostics, Xeris Pharma, Cyclacel Pharma | DCO | https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-co-diagnostics-xeris-pharma-cyclacel-pharma-2020-04-20 | nan | nan | Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
The S&P 500 and the Dow Jones headed lower on Monday following a strong two-week rally as oil prices crashed and investors grew cautious at the start of a week that is likely to bring more dismal quarterly earnings reports and economic data..N
At 17:55 ET, the Dow Jones Industrial Average .DJI was down 0.92% at 24,020.4. The S&P 500 .SPX was down 0.33% at 2,865.2 and the Nasdaq Composite .IXIC was up 0.30% at 8,676.165. The top three S&P 500 .PG.INX percentage gainers: ** FLIR Systems Inc , up 14.7% ** Carrier Global Corp , up 6.6% ** Howmet Aerospace Inc , up 6.4% The top three S&P 500 .PL.INX percentage losers: ** L Brands Inc , down 7.5% ** Vornado Realty Trust , down 6.3% ** Occidental Petroleum Corp , down 6% The top three NYSE .PG.N percentage gainers: ** Regional Health Properties Inc , up 36.5% ** Pacer Developed Markets International Cash CWS , up 23.2% ** Montage Resources Corp , up 23% The top three NYSE .PL.N percentage losers: ** Invesco Mortgage Capital Inc , down 22.5% ** Direxion Daily S&P Biotech Bear 3X Shares , down 16.5% ** Independence Contract Drilling Inc , down 11.9% The top three Nasdaq .PG.O percentage gainers: ** Benitec Biopharma Limited , up 107.4% ** Cyclacel Pharmaceuticals Inc , up 103.8% ** Novavax Inc , up 32.9% The top three Nasdaq .PL.O percentage losers: ** Vericity Inc , down 19.5% ** Akazoo SA , down 19% ** Liberty TripAdvisor Holdings Inc , down 17.9% ** Aytu BioScience Inc AYTU.O: up 3.6%
BUZZ-Aytu: Rises on gaining exclusive license to potential COVID-19 treatment ** Redhill Biopharma RDHL.O: up 12.5%
BUZZ-Redhill Biopharma: Rises on agreement with NIAID to test cancer drug for COVID-19 ** Atossa Therapeutics Inc ATOS.O: up 5.6%
BUZZ-Atossa Therapeutics up as co seeks FDA nod to begin COVID-19 study ** Gilead Sciences Inc GILD.O: down 1.3%
BUZZ-Gilead: Brokerages downgrade on uncertainty over commercial value of COVID-19 drug ** Seattle Genetics Inc SGEN.O: up 5.1%
BUZZ-Street View: Seattle Genetics' breast cancer therapy approval brings some cheer ** Campbell Soup Co CPB.N: up 3.4%
BUZZ-Campbell Soup: Rises on strong retail demand ** Incyte Corp INCY.O: up 1.4%
BUZZ-Incyte: Touches fresh 2-yr high after FDA approval of cancer therapy ** ViaSat Inc VSAT.O: up 2.5%
BUZZ-ViaSat Inc: Rises as brokerage upgrades on higher residential internet demand ** 2U Inc TWOU.O: down 7.4%
BUZZ-2U drops ahead of $300 mln convertible debt deal ** Masimo Corp MASI.O: down 0.4%
BUZZ-Masimo Corp: Needham downgrades on likely slow 2H20 growth ** Avalon GloboCare Corp AVCO.O: up 7.9%
BUZZ-Avalon GloboCare: Rises as therapy shows promise in combating cytokine storm - Reuters News ** Shake Shack Inc SHAK.N: up 5.9%
BUZZ-Shake Shack beefs up capital, gives back government loan; shares dip ** Exelixis Inc EXEL.O: up 23.5%
BUZZ-Exelixis jumps as cancer drug combo shows promise in study ** AGNC Investment Corp AGNC.O: down 0.5% ** Annaly Capital Management Inc NLY.N: down 1.8% ** Apollo CRE Finance ARI.N: down 4.9% ** Blackstone Mortgage Trust Inc BXMT.N: down 3.1% ** Ladder Capital Corp LADR.N: down 3.4% ** Starwood Property Trust Inc STWD.N: down 3.9% ** TPG RE Finance Trust Inc TRTX.N: down 3.8%
BUZZ-U.S. mortgage REITs: DB cuts PT citing "stressed scenarios" ** INmune Bio Inc INMB.O: up 9.3%
BUZZ-INmune Bio Inc: Rises on plans to begin COVID-19 trial ** Mustang Bio Inc MBIO.O: up 1.4%
BUZZ-Mustang Bio: Rises after EMA's favorable classification of "bubble boy" therapy ** Meredith Corp MDP.N: down 6.5%
BUZZ-Meredith Corp: Falls on withdrawing 2020 outlook as ad sales get hit ** Lennox International LII.N: up 2.0%
BUZZ-Lennox International: Falls on weak Q1, warns of 20% hit from coronavirus ** Ducommun Inc DCO.N: up 3.6%
BUZZ-Ducommun: Jumps as Q1 revenue forecast higher than Wall Street estimates ** Alexion Pharmaceuticals Inc ALXN.O: up 4.9%
BUZZ-Alexion rises on study to test blood disorder drug for COVID-19 ** Clorox Co CLX.N: up 1.8%
BUZZ-Clorox: Up as Deutsche Bank expects strong Q3 helped by coronavirus ** Peloton Interative Inc PTON.O: down 3.2%
BUZZ-Peloton skids as BMO slaps with first "sell" rating since IPO ** Terex Corp TEX.N: down 4.2% ** Manitowoc Company Inc MTW.N: down 3.4%
BUZZ-GS removes Terex and Manitowoc from "buy list", downgrades to "neutral" ** Anixa Biosciences Inc ANIX.O: up 10.6% BUZZ-Anixa Biosciences: Rises on partnership for potential treatment of COVID-19 ** Cyclacel Pharmaceutical Inc CYCC.O: up 103.8% BUZZ-Cyclacel: Jumps on deal to study drugs to treat COVID-19 patients ** Boeing Co BA.N: down 4.9% BUZZ-Benchmark sees Boeing cut 787 production by 30%; lowers PT ** Eros International EROS.N: down 0.2% BUZZ-Eros International: Soars after deal to merge with STX Entertainment ** Medpace Holdings Inc MEDP.O: down 0.8% ** ICON Plc ICLR.O: down 0.4% BUZZ-Baird downgrades two contract research organizations on COVID-19 impact ** Xeris Pharmaceutical Inc XERS.O: up 15.1% BUZZ-Xeris Pharma: Rises on positive results from seizure medication study ** United Airlines Holdings Inc UAL.O: down 3.4% BUZZ-United Airlines drops on estimated quarterly loss, dour outlook ** Walt Disney Co DIS.N: down 2.3% BUZZ-Disney: Falls as brokerages move to sidelines citing hit to theme parks ** Cheesecake Factory Inc CAKE.O: up 5.9% BUZZ-Cheesecake Factory: Rises on $200 mln investment from Roark Capital ** Exxon Mobil Corp XOM.N: down 3.0% ** Chevron Corp CVX.N: down 1.8% ** Devon Energy Corp DVN.N: down 0.4% ** Callon Petroleum Co CPE.N: down 3.4% ** Chesapeake Energy Corp CHK.N: down 1.5% ** Occidental Petroleum Corp OXY.N: down 6.1% ** Schlumberger NV SLB.N: flat ** Halliburton Co HAL.N: up 0.1% ** TechnipFMC Plc FTI.N: down 1.4% BUZZ-Oil stocks drop as concerns over rising crude storage weigh on prices BUZZ-Street View: Schlumberger's dividend cut the first step on road to recovery BUZZ-Halliburton: Falls on $1.1 bln impairment charges ** Safe-T Group SFET.O: up 18.2% BUZZ-Safe-T Group: Jumps on upbeat Q1 revenue forecast ** AbbVie Inc ABBV.N: up 1.8% BUZZ-AbbVie Inc: RBC expects rebound in 2021, upgrades to "outperform" ** Facebook Inc FB.O: flat BUZZ-Facebook: Credit Suisse cuts PT as coronavirus impacts ad revenue ** Biogen Inc BIIB.O: up 1.3% BUZZ-Biogen Inc: Alzheimer's drug in focus ahead of Q1, not earnings ** Abbott Laboratories ABT.N: up 3.9% BUZZ-Abbott, Roche to benefit from surging demand for COVID-19 antibody tests - analyst ** DuPont de Nemours Inc DD.N: up 5.5% BUZZ-DuPont: Rises on expectations of stronger Q1 from coronavirus-driven demand ** Co-Diagnostics Inc CODX.O: up 17.4% BUZZ-Co-Diagnostics: Rises on increased U.S. sales of COVID-19 testing kits ** Acadia Healthcare Co Inc ACHC.O: down 0.1% ** Brookdale Senior Living Inc BKD.N: down 3.2% ** Ensign Group Inc ENSG.O: down 0.4% ** Select Medical Holdings Corp SEM.N: down 4.1% BUZZ-Strong headwinds imminent for facility-based health care providers - Analyst ** General Motors Co GM.N: flat ** Ford Motor Co F.N: down 1.7% BUZZ-CS cuts PT on Ford, GM on heavy cash burn in H1 2020 ** Royal Caribbean Cruises Ltd RCL.N: down 3.4% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 4.9% ** Carnival Corp CCL.N: down 1.4% BUZZ-J.P. Morgan slashes cruise operators' PT on virus impact
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
flat
Consumer Discretionary
.SPLRCD
up 0.09%
Consumer Staples
.SPLRCS
down 0.41%
Energy
.SPNY
down 1.63%
Financial
.SPSY
down 0.99%
Health
.SPXHC
up 0.49%
Industrial
.SPLRCI
down 1.01%
Information Technology
.SPLRCT
down 0.40%
Materials
.SPLRCM
down 0.52%
Real Estate
.SPLRCR
down 1.92%
Utilities
.SPLRCU
down 1.79%
(Compiled by Amal S in Bengaluru)
((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The top three S&P 500 .PG.INX percentage gainers: ** FLIR Systems Inc , up 14.7% ** Carrier Global Corp , up 6.6% ** Howmet Aerospace Inc , up 6.4% The top three S&P 500 .PL.INX percentage losers: ** L Brands Inc , down 7.5% ** Vornado Realty Trust , down 6.3% ** Occidental Petroleum Corp , down 6% The top three NYSE .PG.N percentage gainers: ** Regional Health Properties Inc , up 36.5% ** Pacer Developed Markets International Cash CWS , up 23.2% ** Montage Resources Corp , up 23% The top three NYSE .PL.N percentage losers: ** Invesco Mortgage Capital Inc , down 22.5% ** Direxion Daily S&P Biotech Bear 3X Shares , down 16.5% ** Independence Contract Drilling Inc , down 11.9% The top three Nasdaq .PG.O percentage gainers: ** Benitec Biopharma Limited , up 107.4% ** Cyclacel Pharmaceuticals Inc , up 103.8% ** Novavax Inc , up 32.9% The top three Nasdaq .PL.O percentage losers: ** Vericity Inc , down 19.5% ** Akazoo SA , down 19% ** Liberty TripAdvisor Holdings Inc , down 17.9% ** Aytu BioScience Inc AYTU.O: up 3.6% BUZZ-Aytu: Rises on gaining exclusive license to potential COVID-19 treatment ** Redhill Biopharma RDHL.O: up 12.5% BUZZ-Redhill Biopharma: Rises on agreement with NIAID to test cancer drug for COVID-19 ** Atossa Therapeutics Inc ATOS.O: up 5.6% BUZZ-Atossa Therapeutics up as co seeks FDA nod to begin COVID-19 study ** Gilead Sciences Inc GILD.O: down 1.3% BUZZ-Gilead: Brokerages downgrade on uncertainty over commercial value of COVID-19 drug ** Seattle Genetics Inc SGEN.O: up 5.1% BUZZ-Street View: Seattle Genetics' breast cancer therapy approval brings some cheer ** Campbell Soup Co CPB.N: up 3.4% BUZZ-Campbell Soup: Rises on strong retail demand ** Incyte Corp INCY.O: up 1.4% BUZZ-Incyte: Touches fresh 2-yr high after FDA approval of cancer therapy ** ViaSat Inc VSAT.O: up 2.5% BUZZ-ViaSat Inc: Rises as brokerage upgrades on higher residential internet demand ** 2U Inc TWOU.O: down 7.4% BUZZ-2U drops ahead of $300 mln convertible debt deal ** Masimo Corp MASI.O: down 0.4% BUZZ-Masimo Corp: Needham downgrades on likely slow 2H20 growth ** Avalon GloboCare Corp AVCO.O: up 7.9% BUZZ-Avalon GloboCare: Rises as therapy shows promise in combating cytokine storm - Reuters News ** Shake Shack Inc SHAK.N: up 5.9% BUZZ-Shake Shack beefs up capital, gives back government loan; shares dip ** Exelixis Inc EXEL.O: up 23.5% BUZZ-Exelixis jumps as cancer drug combo shows promise in study ** AGNC Investment Corp AGNC.O: down 0.5% ** Annaly Capital Management Inc NLY.N: down 1.8% ** Apollo CRE Finance ARI.N: down 4.9% ** Blackstone Mortgage Trust Inc BXMT.N: down 3.1% ** Ladder Capital Corp LADR.N: down 3.4% ** Starwood Property Trust Inc STWD.N: down 3.9% ** TPG RE Finance Trust Inc TRTX.N: down 3.8% BUZZ-U.S. mortgage REITs: DB cuts PT citing "stressed scenarios" ** INmune Bio Inc INMB.O: up 9.3% BUZZ-INmune Bio Inc: Rises on plans to begin COVID-19 trial ** Mustang Bio Inc MBIO.O: up 1.4% BUZZ-Mustang Bio: Rises after EMA's favorable classification of "bubble boy" therapy ** Meredith Corp MDP.N: down 6.5% BUZZ-Meredith Corp: Falls on withdrawing 2020 outlook as ad sales get hit ** Lennox International LII.N: up 2.0% BUZZ-Lennox International: Falls on weak Q1, warns of 20% hit from coronavirus ** Ducommun Inc DCO.N: up 3.6% BUZZ-Ducommun: Jumps as Q1 revenue forecast higher than Wall Street estimates ** Alexion Pharmaceuticals Inc ALXN.O: up 4.9% BUZZ-Alexion rises on study to test blood disorder drug for COVID-19 ** Clorox Co CLX.N: up 1.8% BUZZ-Clorox: Up as Deutsche Bank expects strong Q3 helped by coronavirus ** Peloton Interative Inc PTON.O: down 3.2% BUZZ-Peloton skids as BMO slaps with first "sell" rating since IPO ** Terex Corp TEX.N: down 4.2% ** Manitowoc Company Inc MTW.N: down 3.4% BUZZ-GS removes Terex and Manitowoc from "buy list", downgrades to "neutral" ** Anixa Biosciences Inc ANIX.O: up 10.6% BUZZ-Anixa Biosciences: Rises on partnership for potential treatment of COVID-19 ** Cyclacel Pharmaceutical Inc CYCC.O: up 103.8% BUZZ-Cyclacel: Jumps on deal to study drugs to treat COVID-19 patients ** Boeing Co BA.N: down 4.9% BUZZ-Benchmark sees Boeing cut 787 production by 30%; lowers PT ** Eros International EROS.N: down 0.2% BUZZ-Eros International: Soars after deal to merge with STX Entertainment ** Medpace Holdings Inc MEDP.O: down 0.8% ** ICON Plc ICLR.O: down 0.4% BUZZ-Baird downgrades two contract research organizations on COVID-19 impact ** Xeris Pharmaceutical Inc XERS.O: up 15.1% BUZZ-Xeris Pharma: Rises on positive results from seizure medication study ** United Airlines Holdings Inc UAL.O: down 3.4% BUZZ-United Airlines drops on estimated quarterly loss, dour outlook ** Walt Disney Co DIS.N: down 2.3% BUZZ-Disney: Falls as brokerages move to sidelines citing hit to theme parks ** Cheesecake Factory Inc CAKE.O: up 5.9% BUZZ-Cheesecake Factory: Rises on $200 mln investment from Roark Capital ** Exxon Mobil Corp XOM.N: down 3.0% ** Chevron Corp CVX.N: down 1.8% ** Devon Energy Corp DVN.N: down 0.4% ** Callon Petroleum Co CPE.N: down 3.4% ** Chesapeake Energy Corp CHK.N: down 1.5% ** Occidental Petroleum Corp OXY.N: down 6.1% ** Schlumberger NV SLB.N: flat ** Halliburton Co HAL.N: up 0.1% ** TechnipFMC Plc FTI.N: down 1.4% BUZZ-Oil stocks drop as concerns over rising crude storage weigh on prices BUZZ-Street View: Schlumberger's dividend cut the first step on road to recovery BUZZ-Halliburton: Falls on $1.1 bln impairment charges ** Safe-T Group SFET.O: up 18.2% BUZZ-Safe-T Group: Jumps on upbeat Q1 revenue forecast ** AbbVie Inc ABBV.N: up 1.8% BUZZ-AbbVie Inc: RBC expects rebound in 2021, upgrades to "outperform" ** Facebook Inc FB.O: flat BUZZ-Facebook: Credit Suisse cuts PT as coronavirus impacts ad revenue ** Biogen Inc BIIB.O: up 1.3% BUZZ-Biogen Inc: Alzheimer's drug in focus ahead of Q1, not earnings ** Abbott Laboratories ABT.N: up 3.9% BUZZ-Abbott, Roche to benefit from surging demand for COVID-19 antibody tests - analyst ** DuPont de Nemours Inc DD.N: up 5.5% BUZZ-DuPont: Rises on expectations of stronger Q1 from coronavirus-driven demand ** Co-Diagnostics Inc CODX.O: up 17.4% BUZZ-Co-Diagnostics: Rises on increased U.S. sales of COVID-19 testing kits ** Acadia Healthcare Co Inc ACHC.O: down 0.1% ** Brookdale Senior Living Inc BKD.N: down 3.2% ** Ensign Group Inc ENSG.O: down 0.4% ** Select Medical Holdings Corp SEM.N: down 4.1% BUZZ-Strong headwinds imminent for facility-based health care providers - Analyst ** General Motors Co GM.N: flat ** Ford Motor Co F.N: down 1.7% BUZZ-CS cuts PT on Ford, GM on heavy cash burn in H1 2020 ** Royal Caribbean Cruises Ltd RCL.N: down 3.4% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 4.9% ** Carnival Corp CCL.N: down 1.4% BUZZ-J.P. Morgan slashes cruise operators' PT on virus impact The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and the Dow Jones headed lower on Monday following a strong two-week rally as oil prices crashed and investors grew cautious at the start of a week that is likely to bring more dismal quarterly earnings reports and economic data..N At 17:55 ET, the Dow Jones Industrial Average .DJI was down 0.92% at 24,020.4. down 1.79% (Compiled by Amal S in Bengaluru) ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The top three S&P 500 .PG.INX percentage gainers: ** FLIR Systems Inc , up 14.7% ** Carrier Global Corp , up 6.6% ** Howmet Aerospace Inc , up 6.4% The top three S&P 500 .PL.INX percentage losers: ** L Brands Inc , down 7.5% ** Vornado Realty Trust , down 6.3% ** Occidental Petroleum Corp , down 6% The top three NYSE .PG.N percentage gainers: ** Regional Health Properties Inc , up 36.5% ** Pacer Developed Markets International Cash CWS , up 23.2% ** Montage Resources Corp , up 23% The top three NYSE .PL.N percentage losers: ** Invesco Mortgage Capital Inc , down 22.5% ** Direxion Daily S&P Biotech Bear 3X Shares , down 16.5% ** Independence Contract Drilling Inc , down 11.9% The top three Nasdaq .PG.O percentage gainers: ** Benitec Biopharma Limited , up 107.4% ** Cyclacel Pharmaceuticals Inc , up 103.8% ** Novavax Inc , up 32.9% The top three Nasdaq .PL.O percentage losers: ** Vericity Inc , down 19.5% ** Akazoo SA , down 19% ** Liberty TripAdvisor Holdings Inc , down 17.9% ** Aytu BioScience Inc AYTU.O: up 3.6% BUZZ-Aytu: Rises on gaining exclusive license to potential COVID-19 treatment ** Redhill Biopharma RDHL.O: up 12.5% BUZZ-Redhill Biopharma: Rises on agreement with NIAID to test cancer drug for COVID-19 ** Atossa Therapeutics Inc ATOS.O: up 5.6% BUZZ-Atossa Therapeutics up as co seeks FDA nod to begin COVID-19 study ** Gilead Sciences Inc GILD.O: down 1.3% BUZZ-Gilead: Brokerages downgrade on uncertainty over commercial value of COVID-19 drug ** Seattle Genetics Inc SGEN.O: up 5.1% BUZZ-Street View: Seattle Genetics' breast cancer therapy approval brings some cheer ** Campbell Soup Co CPB.N: up 3.4% BUZZ-Campbell Soup: Rises on strong retail demand ** Incyte Corp INCY.O: up 1.4% BUZZ-Incyte: Touches fresh 2-yr high after FDA approval of cancer therapy ** ViaSat Inc VSAT.O: up 2.5% BUZZ-ViaSat Inc: Rises as brokerage upgrades on higher residential internet demand ** 2U Inc TWOU.O: down 7.4% BUZZ-2U drops ahead of $300 mln convertible debt deal ** Masimo Corp MASI.O: down 0.4% BUZZ-Masimo Corp: Needham downgrades on likely slow 2H20 growth ** Avalon GloboCare Corp AVCO.O: up 7.9% BUZZ-Avalon GloboCare: Rises as therapy shows promise in combating cytokine storm - Reuters News ** Shake Shack Inc SHAK.N: up 5.9% BUZZ-Shake Shack beefs up capital, gives back government loan; shares dip ** Exelixis Inc EXEL.O: up 23.5% BUZZ-Exelixis jumps as cancer drug combo shows promise in study ** AGNC Investment Corp AGNC.O: down 0.5% ** Annaly Capital Management Inc NLY.N: down 1.8% ** Apollo CRE Finance ARI.N: down 4.9% ** Blackstone Mortgage Trust Inc BXMT.N: down 3.1% ** Ladder Capital Corp LADR.N: down 3.4% ** Starwood Property Trust Inc STWD.N: down 3.9% ** TPG RE Finance Trust Inc TRTX.N: down 3.8% BUZZ-U.S. mortgage REITs: DB cuts PT citing "stressed scenarios" ** INmune Bio Inc INMB.O: up 9.3% BUZZ-INmune Bio Inc: Rises on plans to begin COVID-19 trial ** Mustang Bio Inc MBIO.O: up 1.4% BUZZ-Mustang Bio: Rises after EMA's favorable classification of "bubble boy" therapy ** Meredith Corp MDP.N: down 6.5% BUZZ-Meredith Corp: Falls on withdrawing 2020 outlook as ad sales get hit ** Lennox International LII.N: up 2.0% BUZZ-Lennox International: Falls on weak Q1, warns of 20% hit from coronavirus ** Ducommun Inc DCO.N: up 3.6% BUZZ-Ducommun: Jumps as Q1 revenue forecast higher than Wall Street estimates ** Alexion Pharmaceuticals Inc ALXN.O: up 4.9% BUZZ-Alexion rises on study to test blood disorder drug for COVID-19 ** Clorox Co CLX.N: up 1.8% BUZZ-Clorox: Up as Deutsche Bank expects strong Q3 helped by coronavirus ** Peloton Interative Inc PTON.O: down 3.2% BUZZ-Peloton skids as BMO slaps with first "sell" rating since IPO ** Terex Corp TEX.N: down 4.2% ** Manitowoc Company Inc MTW.N: down 3.4% BUZZ-GS removes Terex and Manitowoc from "buy list", downgrades to "neutral" ** Anixa Biosciences Inc ANIX.O: up 10.6% BUZZ-Anixa Biosciences: Rises on partnership for potential treatment of COVID-19 ** Cyclacel Pharmaceutical Inc CYCC.O: up 103.8% BUZZ-Cyclacel: Jumps on deal to study drugs to treat COVID-19 patients ** Boeing Co BA.N: down 4.9% BUZZ-Benchmark sees Boeing cut 787 production by 30%; lowers PT ** Eros International EROS.N: down 0.2% BUZZ-Eros International: Soars after deal to merge with STX Entertainment ** Medpace Holdings Inc MEDP.O: down 0.8% ** ICON Plc ICLR.O: down 0.4% BUZZ-Baird downgrades two contract research organizations on COVID-19 impact ** Xeris Pharmaceutical Inc XERS.O: up 15.1% BUZZ-Xeris Pharma: Rises on positive results from seizure medication study ** United Airlines Holdings Inc UAL.O: down 3.4% BUZZ-United Airlines drops on estimated quarterly loss, dour outlook ** Walt Disney Co DIS.N: down 2.3% BUZZ-Disney: Falls as brokerages move to sidelines citing hit to theme parks ** Cheesecake Factory Inc CAKE.O: up 5.9% BUZZ-Cheesecake Factory: Rises on $200 mln investment from Roark Capital ** Exxon Mobil Corp XOM.N: down 3.0% ** Chevron Corp CVX.N: down 1.8% ** Devon Energy Corp DVN.N: down 0.4% ** Callon Petroleum Co CPE.N: down 3.4% ** Chesapeake Energy Corp CHK.N: down 1.5% ** Occidental Petroleum Corp OXY.N: down 6.1% ** Schlumberger NV SLB.N: flat ** Halliburton Co HAL.N: up 0.1% ** TechnipFMC Plc FTI.N: down 1.4% BUZZ-Oil stocks drop as concerns over rising crude storage weigh on prices BUZZ-Street View: Schlumberger's dividend cut the first step on road to recovery BUZZ-Halliburton: Falls on $1.1 bln impairment charges ** Safe-T Group SFET.O: up 18.2% BUZZ-Safe-T Group: Jumps on upbeat Q1 revenue forecast ** AbbVie Inc ABBV.N: up 1.8% BUZZ-AbbVie Inc: RBC expects rebound in 2021, upgrades to "outperform" ** Facebook Inc FB.O: flat BUZZ-Facebook: Credit Suisse cuts PT as coronavirus impacts ad revenue ** Biogen Inc BIIB.O: up 1.3% BUZZ-Biogen Inc: Alzheimer's drug in focus ahead of Q1, not earnings ** Abbott Laboratories ABT.N: up 3.9% BUZZ-Abbott, Roche to benefit from surging demand for COVID-19 antibody tests - analyst ** DuPont de Nemours Inc DD.N: up 5.5% BUZZ-DuPont: Rises on expectations of stronger Q1 from coronavirus-driven demand ** Co-Diagnostics Inc CODX.O: up 17.4% BUZZ-Co-Diagnostics: Rises on increased U.S. sales of COVID-19 testing kits ** Acadia Healthcare Co Inc ACHC.O: down 0.1% ** Brookdale Senior Living Inc BKD.N: down 3.2% ** Ensign Group Inc ENSG.O: down 0.4% ** Select Medical Holdings Corp SEM.N: down 4.1% BUZZ-Strong headwinds imminent for facility-based health care providers - Analyst ** General Motors Co GM.N: flat ** Ford Motor Co F.N: down 1.7% BUZZ-CS cuts PT on Ford, GM on heavy cash burn in H1 2020 ** Royal Caribbean Cruises Ltd RCL.N: down 3.4% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 4.9% ** Carnival Corp CCL.N: down 1.4% BUZZ-J.P. Morgan slashes cruise operators' PT on virus impact The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and the Dow Jones headed lower on Monday following a strong two-week rally as oil prices crashed and investors grew cautious at the start of a week that is likely to bring more dismal quarterly earnings reports and economic data..N At 17:55 ET, the Dow Jones Industrial Average .DJI was down 0.92% at 24,020.4. flat Consumer Discretionary | The top three S&P 500 .PG.INX percentage gainers: ** FLIR Systems Inc , up 14.7% ** Carrier Global Corp , up 6.6% ** Howmet Aerospace Inc , up 6.4% The top three S&P 500 .PL.INX percentage losers: ** L Brands Inc , down 7.5% ** Vornado Realty Trust , down 6.3% ** Occidental Petroleum Corp , down 6% The top three NYSE .PG.N percentage gainers: ** Regional Health Properties Inc , up 36.5% ** Pacer Developed Markets International Cash CWS , up 23.2% ** Montage Resources Corp , up 23% The top three NYSE .PL.N percentage losers: ** Invesco Mortgage Capital Inc , down 22.5% ** Direxion Daily S&P Biotech Bear 3X Shares , down 16.5% ** Independence Contract Drilling Inc , down 11.9% The top three Nasdaq .PG.O percentage gainers: ** Benitec Biopharma Limited , up 107.4% ** Cyclacel Pharmaceuticals Inc , up 103.8% ** Novavax Inc , up 32.9% The top three Nasdaq .PL.O percentage losers: ** Vericity Inc , down 19.5% ** Akazoo SA , down 19% ** Liberty TripAdvisor Holdings Inc , down 17.9% ** Aytu BioScience Inc AYTU.O: up 3.6% BUZZ-Aytu: Rises on gaining exclusive license to potential COVID-19 treatment ** Redhill Biopharma RDHL.O: up 12.5% BUZZ-Redhill Biopharma: Rises on agreement with NIAID to test cancer drug for COVID-19 ** Atossa Therapeutics Inc ATOS.O: up 5.6% BUZZ-Atossa Therapeutics up as co seeks FDA nod to begin COVID-19 study ** Gilead Sciences Inc GILD.O: down 1.3% BUZZ-Gilead: Brokerages downgrade on uncertainty over commercial value of COVID-19 drug ** Seattle Genetics Inc SGEN.O: up 5.1% BUZZ-Street View: Seattle Genetics' breast cancer therapy approval brings some cheer ** Campbell Soup Co CPB.N: up 3.4% BUZZ-Campbell Soup: Rises on strong retail demand ** Incyte Corp INCY.O: up 1.4% BUZZ-Incyte: Touches fresh 2-yr high after FDA approval of cancer therapy ** ViaSat Inc VSAT.O: up 2.5% BUZZ-ViaSat Inc: Rises as brokerage upgrades on higher residential internet demand ** 2U Inc TWOU.O: down 7.4% BUZZ-2U drops ahead of $300 mln convertible debt deal ** Masimo Corp MASI.O: down 0.4% BUZZ-Masimo Corp: Needham downgrades on likely slow 2H20 growth ** Avalon GloboCare Corp AVCO.O: up 7.9% BUZZ-Avalon GloboCare: Rises as therapy shows promise in combating cytokine storm - Reuters News ** Shake Shack Inc SHAK.N: up 5.9% BUZZ-Shake Shack beefs up capital, gives back government loan; shares dip ** Exelixis Inc EXEL.O: up 23.5% BUZZ-Exelixis jumps as cancer drug combo shows promise in study ** AGNC Investment Corp AGNC.O: down 0.5% ** Annaly Capital Management Inc NLY.N: down 1.8% ** Apollo CRE Finance ARI.N: down 4.9% ** Blackstone Mortgage Trust Inc BXMT.N: down 3.1% ** Ladder Capital Corp LADR.N: down 3.4% ** Starwood Property Trust Inc STWD.N: down 3.9% ** TPG RE Finance Trust Inc TRTX.N: down 3.8% BUZZ-U.S. mortgage REITs: DB cuts PT citing "stressed scenarios" ** INmune Bio Inc INMB.O: up 9.3% BUZZ-INmune Bio Inc: Rises on plans to begin COVID-19 trial ** Mustang Bio Inc MBIO.O: up 1.4% BUZZ-Mustang Bio: Rises after EMA's favorable classification of "bubble boy" therapy ** Meredith Corp MDP.N: down 6.5% BUZZ-Meredith Corp: Falls on withdrawing 2020 outlook as ad sales get hit ** Lennox International LII.N: up 2.0% BUZZ-Lennox International: Falls on weak Q1, warns of 20% hit from coronavirus ** Ducommun Inc DCO.N: up 3.6% BUZZ-Ducommun: Jumps as Q1 revenue forecast higher than Wall Street estimates ** Alexion Pharmaceuticals Inc ALXN.O: up 4.9% BUZZ-Alexion rises on study to test blood disorder drug for COVID-19 ** Clorox Co CLX.N: up 1.8% BUZZ-Clorox: Up as Deutsche Bank expects strong Q3 helped by coronavirus ** Peloton Interative Inc PTON.O: down 3.2% BUZZ-Peloton skids as BMO slaps with first "sell" rating since IPO ** Terex Corp TEX.N: down 4.2% ** Manitowoc Company Inc MTW.N: down 3.4% BUZZ-GS removes Terex and Manitowoc from "buy list", downgrades to "neutral" ** Anixa Biosciences Inc ANIX.O: up 10.6% BUZZ-Anixa Biosciences: Rises on partnership for potential treatment of COVID-19 ** Cyclacel Pharmaceutical Inc CYCC.O: up 103.8% BUZZ-Cyclacel: Jumps on deal to study drugs to treat COVID-19 patients ** Boeing Co BA.N: down 4.9% BUZZ-Benchmark sees Boeing cut 787 production by 30%; lowers PT ** Eros International EROS.N: down 0.2% BUZZ-Eros International: Soars after deal to merge with STX Entertainment ** Medpace Holdings Inc MEDP.O: down 0.8% ** ICON Plc ICLR.O: down 0.4% BUZZ-Baird downgrades two contract research organizations on COVID-19 impact ** Xeris Pharmaceutical Inc XERS.O: up 15.1% BUZZ-Xeris Pharma: Rises on positive results from seizure medication study ** United Airlines Holdings Inc UAL.O: down 3.4% BUZZ-United Airlines drops on estimated quarterly loss, dour outlook ** Walt Disney Co DIS.N: down 2.3% BUZZ-Disney: Falls as brokerages move to sidelines citing hit to theme parks ** Cheesecake Factory Inc CAKE.O: up 5.9% BUZZ-Cheesecake Factory: Rises on $200 mln investment from Roark Capital ** Exxon Mobil Corp XOM.N: down 3.0% ** Chevron Corp CVX.N: down 1.8% ** Devon Energy Corp DVN.N: down 0.4% ** Callon Petroleum Co CPE.N: down 3.4% ** Chesapeake Energy Corp CHK.N: down 1.5% ** Occidental Petroleum Corp OXY.N: down 6.1% ** Schlumberger NV SLB.N: flat ** Halliburton Co HAL.N: up 0.1% ** TechnipFMC Plc FTI.N: down 1.4% BUZZ-Oil stocks drop as concerns over rising crude storage weigh on prices BUZZ-Street View: Schlumberger's dividend cut the first step on road to recovery BUZZ-Halliburton: Falls on $1.1 bln impairment charges ** Safe-T Group SFET.O: up 18.2% BUZZ-Safe-T Group: Jumps on upbeat Q1 revenue forecast ** AbbVie Inc ABBV.N: up 1.8% BUZZ-AbbVie Inc: RBC expects rebound in 2021, upgrades to "outperform" ** Facebook Inc FB.O: flat BUZZ-Facebook: Credit Suisse cuts PT as coronavirus impacts ad revenue ** Biogen Inc BIIB.O: up 1.3% BUZZ-Biogen Inc: Alzheimer's drug in focus ahead of Q1, not earnings ** Abbott Laboratories ABT.N: up 3.9% BUZZ-Abbott, Roche to benefit from surging demand for COVID-19 antibody tests - analyst ** DuPont de Nemours Inc DD.N: up 5.5% BUZZ-DuPont: Rises on expectations of stronger Q1 from coronavirus-driven demand ** Co-Diagnostics Inc CODX.O: up 17.4% BUZZ-Co-Diagnostics: Rises on increased U.S. sales of COVID-19 testing kits ** Acadia Healthcare Co Inc ACHC.O: down 0.1% ** Brookdale Senior Living Inc BKD.N: down 3.2% ** Ensign Group Inc ENSG.O: down 0.4% ** Select Medical Holdings Corp SEM.N: down 4.1% BUZZ-Strong headwinds imminent for facility-based health care providers - Analyst ** General Motors Co GM.N: flat ** Ford Motor Co F.N: down 1.7% BUZZ-CS cuts PT on Ford, GM on heavy cash burn in H1 2020 ** Royal Caribbean Cruises Ltd RCL.N: down 3.4% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 4.9% ** Carnival Corp CCL.N: down 1.4% BUZZ-J.P. Morgan slashes cruise operators' PT on virus impact The 11 major S&P 500 sectors: Communication Services down 1.01% Information Technology down 0.52% Real Estate | The top three S&P 500 .PG.INX percentage gainers: ** FLIR Systems Inc , up 14.7% ** Carrier Global Corp , up 6.6% ** Howmet Aerospace Inc , up 6.4% The top three S&P 500 .PL.INX percentage losers: ** L Brands Inc , down 7.5% ** Vornado Realty Trust , down 6.3% ** Occidental Petroleum Corp , down 6% The top three NYSE .PG.N percentage gainers: ** Regional Health Properties Inc , up 36.5% ** Pacer Developed Markets International Cash CWS , up 23.2% ** Montage Resources Corp , up 23% The top three NYSE .PL.N percentage losers: ** Invesco Mortgage Capital Inc , down 22.5% ** Direxion Daily S&P Biotech Bear 3X Shares , down 16.5% ** Independence Contract Drilling Inc , down 11.9% The top three Nasdaq .PG.O percentage gainers: ** Benitec Biopharma Limited , up 107.4% ** Cyclacel Pharmaceuticals Inc , up 103.8% ** Novavax Inc , up 32.9% The top three Nasdaq .PL.O percentage losers: ** Vericity Inc , down 19.5% ** Akazoo SA , down 19% ** Liberty TripAdvisor Holdings Inc , down 17.9% ** Aytu BioScience Inc AYTU.O: up 3.6% BUZZ-Aytu: Rises on gaining exclusive license to potential COVID-19 treatment ** Redhill Biopharma RDHL.O: up 12.5% BUZZ-Redhill Biopharma: Rises on agreement with NIAID to test cancer drug for COVID-19 ** Atossa Therapeutics Inc ATOS.O: up 5.6% BUZZ-Atossa Therapeutics up as co seeks FDA nod to begin COVID-19 study ** Gilead Sciences Inc GILD.O: down 1.3% BUZZ-Gilead: Brokerages downgrade on uncertainty over commercial value of COVID-19 drug ** Seattle Genetics Inc SGEN.O: up 5.1% BUZZ-Street View: Seattle Genetics' breast cancer therapy approval brings some cheer ** Campbell Soup Co CPB.N: up 3.4% BUZZ-Campbell Soup: Rises on strong retail demand ** Incyte Corp INCY.O: up 1.4% BUZZ-Incyte: Touches fresh 2-yr high after FDA approval of cancer therapy ** ViaSat Inc VSAT.O: up 2.5% BUZZ-ViaSat Inc: Rises as brokerage upgrades on higher residential internet demand ** 2U Inc TWOU.O: down 7.4% BUZZ-2U drops ahead of $300 mln convertible debt deal ** Masimo Corp MASI.O: down 0.4% BUZZ-Masimo Corp: Needham downgrades on likely slow 2H20 growth ** Avalon GloboCare Corp AVCO.O: up 7.9% BUZZ-Avalon GloboCare: Rises as therapy shows promise in combating cytokine storm - Reuters News ** Shake Shack Inc SHAK.N: up 5.9% BUZZ-Shake Shack beefs up capital, gives back government loan; shares dip ** Exelixis Inc EXEL.O: up 23.5% BUZZ-Exelixis jumps as cancer drug combo shows promise in study ** AGNC Investment Corp AGNC.O: down 0.5% ** Annaly Capital Management Inc NLY.N: down 1.8% ** Apollo CRE Finance ARI.N: down 4.9% ** Blackstone Mortgage Trust Inc BXMT.N: down 3.1% ** Ladder Capital Corp LADR.N: down 3.4% ** Starwood Property Trust Inc STWD.N: down 3.9% ** TPG RE Finance Trust Inc TRTX.N: down 3.8% BUZZ-U.S. mortgage REITs: DB cuts PT citing "stressed scenarios" ** INmune Bio Inc INMB.O: up 9.3% BUZZ-INmune Bio Inc: Rises on plans to begin COVID-19 trial ** Mustang Bio Inc MBIO.O: up 1.4% BUZZ-Mustang Bio: Rises after EMA's favorable classification of "bubble boy" therapy ** Meredith Corp MDP.N: down 6.5% BUZZ-Meredith Corp: Falls on withdrawing 2020 outlook as ad sales get hit ** Lennox International LII.N: up 2.0% BUZZ-Lennox International: Falls on weak Q1, warns of 20% hit from coronavirus ** Ducommun Inc DCO.N: up 3.6% BUZZ-Ducommun: Jumps as Q1 revenue forecast higher than Wall Street estimates ** Alexion Pharmaceuticals Inc ALXN.O: up 4.9% BUZZ-Alexion rises on study to test blood disorder drug for COVID-19 ** Clorox Co CLX.N: up 1.8% BUZZ-Clorox: Up as Deutsche Bank expects strong Q3 helped by coronavirus ** Peloton Interative Inc PTON.O: down 3.2% BUZZ-Peloton skids as BMO slaps with first "sell" rating since IPO ** Terex Corp TEX.N: down 4.2% ** Manitowoc Company Inc MTW.N: down 3.4% BUZZ-GS removes Terex and Manitowoc from "buy list", downgrades to "neutral" ** Anixa Biosciences Inc ANIX.O: up 10.6% BUZZ-Anixa Biosciences: Rises on partnership for potential treatment of COVID-19 ** Cyclacel Pharmaceutical Inc CYCC.O: up 103.8% BUZZ-Cyclacel: Jumps on deal to study drugs to treat COVID-19 patients ** Boeing Co BA.N: down 4.9% BUZZ-Benchmark sees Boeing cut 787 production by 30%; lowers PT ** Eros International EROS.N: down 0.2% BUZZ-Eros International: Soars after deal to merge with STX Entertainment ** Medpace Holdings Inc MEDP.O: down 0.8% ** ICON Plc ICLR.O: down 0.4% BUZZ-Baird downgrades two contract research organizations on COVID-19 impact ** Xeris Pharmaceutical Inc XERS.O: up 15.1% BUZZ-Xeris Pharma: Rises on positive results from seizure medication study ** United Airlines Holdings Inc UAL.O: down 3.4% BUZZ-United Airlines drops on estimated quarterly loss, dour outlook ** Walt Disney Co DIS.N: down 2.3% BUZZ-Disney: Falls as brokerages move to sidelines citing hit to theme parks ** Cheesecake Factory Inc CAKE.O: up 5.9% BUZZ-Cheesecake Factory: Rises on $200 mln investment from Roark Capital ** Exxon Mobil Corp XOM.N: down 3.0% ** Chevron Corp CVX.N: down 1.8% ** Devon Energy Corp DVN.N: down 0.4% ** Callon Petroleum Co CPE.N: down 3.4% ** Chesapeake Energy Corp CHK.N: down 1.5% ** Occidental Petroleum Corp OXY.N: down 6.1% ** Schlumberger NV SLB.N: flat ** Halliburton Co HAL.N: up 0.1% ** TechnipFMC Plc FTI.N: down 1.4% BUZZ-Oil stocks drop as concerns over rising crude storage weigh on prices BUZZ-Street View: Schlumberger's dividend cut the first step on road to recovery BUZZ-Halliburton: Falls on $1.1 bln impairment charges ** Safe-T Group SFET.O: up 18.2% BUZZ-Safe-T Group: Jumps on upbeat Q1 revenue forecast ** AbbVie Inc ABBV.N: up 1.8% BUZZ-AbbVie Inc: RBC expects rebound in 2021, upgrades to "outperform" ** Facebook Inc FB.O: flat BUZZ-Facebook: Credit Suisse cuts PT as coronavirus impacts ad revenue ** Biogen Inc BIIB.O: up 1.3% BUZZ-Biogen Inc: Alzheimer's drug in focus ahead of Q1, not earnings ** Abbott Laboratories ABT.N: up 3.9% BUZZ-Abbott, Roche to benefit from surging demand for COVID-19 antibody tests - analyst ** DuPont de Nemours Inc DD.N: up 5.5% BUZZ-DuPont: Rises on expectations of stronger Q1 from coronavirus-driven demand ** Co-Diagnostics Inc CODX.O: up 17.4% BUZZ-Co-Diagnostics: Rises on increased U.S. sales of COVID-19 testing kits ** Acadia Healthcare Co Inc ACHC.O: down 0.1% ** Brookdale Senior Living Inc BKD.N: down 3.2% ** Ensign Group Inc ENSG.O: down 0.4% ** Select Medical Holdings Corp SEM.N: down 4.1% BUZZ-Strong headwinds imminent for facility-based health care providers - Analyst ** General Motors Co GM.N: flat ** Ford Motor Co F.N: down 1.7% BUZZ-CS cuts PT on Ford, GM on heavy cash burn in H1 2020 ** Royal Caribbean Cruises Ltd RCL.N: down 3.4% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 4.9% ** Carnival Corp CCL.N: down 1.4% BUZZ-J.P. Morgan slashes cruise operators' PT on virus impact The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and the Dow Jones headed lower on Monday following a strong two-week rally as oil prices crashed and investors grew cautious at the start of a week that is likely to bring more dismal quarterly earnings reports and economic data..N At 17:55 ET, the Dow Jones Industrial Average .DJI was down 0.92% at 24,020.4. The S&P 500 .SPX was down 0.33% at 2,865.2 and the Nasdaq Composite .IXIC was up 0.30% at 8,676.165. | 00e7b206-04e0-4e5f-89e0-32f7fe8323e9 |
710177.0 | 2020-04-20 00:00:00 UTC | BUZZ-U.S. STOCKS ON THE MOVE-DuPont, Occidental Petroleum, Safe-T Group | DCO | https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-dupont-occidental-petroleum-safe-t-group-2020-04-20 | nan | nan | Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
A slide in energy stocks weighed on Wall Street on Monday as crude prices crashed at the start of a week packed with quarterly earnings reports and economic data likely to underline the damage from the coronavirus outbreak..N
At 16:05 ET, the Dow Jones Industrial Average .DJI was down 0.94% at 24,014.95. The S&P 500 .SPX was down 0.65% at 2,855.74 and the Nasdaq Composite .IXIC was up 0.13% at 8,661.651. The top three S&P 500 .PG.INX percentage gainers: ** FLIR Systems Inc , up 14.1% ** Carrier Global Corp , up 6.6% ** DuPont de Nemours Inc, up 5% The top three S&P 500 .PL.INX percentage losers: ** Vornado Realty Trust , down 4.9% ** Lennar Corporation , down 4.7% ** Occidental Petroleum Corp , down 4.7% The top three NYSE .PG.N percentage gainers: ** Regional Health Properties Inc , up 41.6% ** Montage Resources Corp , up 26.8% ** Build-A-Bear Workshop Inc , up 26.2% The top three NYSE .PL.N percentage losers: ** Invesco Mortgage Capital Inc , down 19.5% ** Direxion Daily S&P Biotech Bear 3X Shares , down 13% ** Manning & Napier Inc , down 12.7% The top three Nasdaq .PG.O percentage gainers: ** Cyclacel Pharmaceuticals Inc , up 89.5% ** American Virtual Cloud Technologies Inc , up 43.8% ** Benitec Biopharma Limited , up 42.9% The top three Nasdaq .PL.O percentage losers: ** Liberty TripAdvisor Holdings Inc , down 18.4% ** BiondVax Pharmaceuticals Equity Warrants , down 15% ** Green Plains Partners LP , down 14% ** Avalon GloboCare Corp AVCO.O: up 12.9%
BUZZ-Avalon GloboCare: Rises as therapy shows promise in combating cytokine storm ** Shake Shack Inc SHAK.N: up 6.3%
BUZZ-Shake Shack beefs up capital, gives back government loan ** Exelixis Inc EXEL.O: up 25.5%
BUZZ-Exelixis jumps as cancer drug combo shows promise in study ** AGNC Investment Corp AGNC.O: up 0.1% ** Annaly Capital Management Inc NLY.N: up 0.2% ** Apollo CRE Finance ARI.N: down 3.7% ** Blackstone Mortgage Trust Inc BXMT.N: down 3.0% ** Ladder Capital Corp LADR.N: flat ** Starwood Property Trust Inc STWD.N: down 2.1% ** TPG RE Finance Trust Inc TRTX.N: down 3.0%
BUZZ-U.S. mortgage REITs: DB cuts PT citing "stressed scenarios" ** INmune Bio Inc INMB.O: up 7.1%
BUZZ-INmune Bio Inc: Rises on plans to begin COVID-19 trial ** Mustang Bio Inc MBIO.O: up 2.4%
BUZZ-Mustang Bio: Rises after EMA's favorable classification of "bubble boy" therapy ** Meredith Corp MDP.N: down 9.7%
BUZZ-Meredith Corp: Falls on withdrawing 2020 outlook as ad sales get hit ** Ducommun Inc DCO.N: up 4.6%
BUZZ-Ducommun: Jumps as Q1 revenue forecast higher than Wall Street estimates ** Alexion Pharmaceuticals Inc ALXN.O: up 4.4%
BUZZ-Alexion rises on study to test blood disorder drug for COVID-19 ** Clorox Co CLX.N: up 1.9%
BUZZ-Clorox: Up as Deutsche Bank expects strong Q3 helped by coronavirus ** Peloton Interative Inc PTON.O: down 4.5%
BUZZ-Peloton skids as BMO slaps first "sell" rating since IPO ** Terex Corp TEX.N: down 4.7% ** Manitowoc Company Inc MTW.N: down 2.5%
BUZZ-GS removes Terex and Manitowoc from "buy list", downgrades to "neutral" ** Anixa Biosciences Inc ANIX.O: up 11.6% BUZZ-Anixa Biosciences: Rises on partnership for potential treatment of COVID-19 ** Cyclacel Pharmaceutical Inc CYCC.O: up 89.5% BUZZ-Cyclacel: Jumps on deal to study drugs to treat COVID-19 patients ** Boeing Co BA.N: down 3.1% BUZZ-Benchmark sees Boeing cut 787 production by 30%; lowers PT ** Eros International EROS.N: up 9.0% BUZZ-Eros International: Soars after deal to merge with STX Entertainment ** Medpace Holdings Inc MEDP.O: down 1.9% ** ICON Plc ICLR.O: up 0.1% BUZZ-Baird downgrades two contract research organizations on COVID-19 impact ** Xeris Pharmaceutical Inc XERS.O: up 10.2% BUZZ-Xeris Pharma: Rises on positive results from seizure medication study ** United Airlines Holdings Inc UAL.O: down 3.2% BUZZ-United Airlines drops on estimated quarterly loss, dour outlook ** Walt Disney Co DIS.N: down 2.8% BUZZ-Disney: Falls as brokerages move to sidelines citing hit to theme parks ** Cheesecake Factory Inc CAKE.O: up 7.6% BUZZ-Cheesecake Factory: Rises on $200 mln investment from Roark Capital ** Exxon Mobil Corp XOM.N: down 2.2% ** Chevron Corp CVX.N: down 1.0% ** Devon Energy Corp DVN.N: up 1.1% ** Callon Petroleum Co CPE.N: down 2.5% ** Chesapeake Energy Corp CHK.N: down 1.0% ** Occidental Petroleum Corp OXY.N: down 4.8% ** Schlumberger NV SLB.N: up 0.4% ** Halliburton Co HAL.N: up 3.5% ** TechnipFMC Plc FTI.N: down 0.5% BUZZ-Oil stocks drop as concerns over rising crude storage weigh on prices BUZZ-Street View: Schlumberger's dividend cut the first step on road to recovery BUZZ-Halliburton: Falls on $1.1 bln impairment charges ** Safe-T Group SFET.O: up 17.6% BUZZ-Safe-T Group: Jumps on upbeat Q1 revenue forecast ** AbbVie Inc ABBV.N: up 0.3% BUZZ-AbbVie Inc: RBC expects rebound in 2021, upgrades to "outperform" ** Facebook Inc FB.O: up 0.3% BUZZ-Facebook: Credit Suisse cuts PT as coronavirus impacts ad revenue ** Biogen Inc BIIB.O: up 1.5% BUZZ-Biogen Inc: Alzheimer's drug in focus ahead of Q1, not earnings ** Abbott Laboratories ABT.N: up 1.0% BUZZ-Abbott, Roche to benefit from surging demand for COVID-19 antibody tests - analyst ** DuPont de Nemours Inc DD.N: up 5.0% BUZZ-DuPont: Rises on expectations of stronger Q1 from coronavirus-driven demand ** Co-Diagnostics Inc CODX.O: up 13.8% BUZZ-Co-Diagnostics: Rises on increased U.S. sales of COVID-19 testing kits ** Acadia Healthcare Co Inc ACHC.O: up 0.4% ** Brookdale Senior Living Inc BKD.N: down 1.8% ** Ensign Group Inc ENSG.O: down 1.2% ** Select Medical Holdings Corp SEM.N: down 3.6% BUZZ-Strong headwinds imminent for facility-based health care providers - Analyst ** General Motors Co GM.N: down 0.3% ** Ford Motor Co F.N: down 1.2% BUZZ-CS cuts PT on Ford, GM on heavy cash burn in H1 2020 ** Royal Caribbean Cruises Ltd RCL.N: down 1.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 2.7% ** Carnival Corp CCL.N: down 1.4% BUZZ-J.P. Morgan slashes cruise operators' PT on virus impact
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 0.15%
Consumer Discretionary
.SPLRCD
up 0.32%
Consumer Staples
.SPLRCS
down 0.63%
Energy
.SPNY
down 0.82%
Financial
.SPSY
down 0.67%
Health
.SPXHC
down 0.29%
Industrial
.SPLRCI
down 1.05%
Information Technology
.SPLRCT
down 0.55%
Materials
.SPLRCM
down 0.60%
Real Estate
.SPLRCR
down 2.25%
Utilities
.SPLRCU
down 1.98%
(Compiled by Amal S in Bengaluru)
((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The top three S&P 500 .PG.INX percentage gainers: ** FLIR Systems Inc , up 14.1% ** Carrier Global Corp , up 6.6% ** DuPont de Nemours Inc, up 5% The top three S&P 500 .PL.INX percentage losers: ** Vornado Realty Trust , down 4.9% ** Lennar Corporation , down 4.7% ** Occidental Petroleum Corp , down 4.7% The top three NYSE .PG.N percentage gainers: ** Regional Health Properties Inc , up 41.6% ** Montage Resources Corp , up 26.8% ** Build-A-Bear Workshop Inc , up 26.2% The top three NYSE .PL.N percentage losers: ** Invesco Mortgage Capital Inc , down 19.5% ** Direxion Daily S&P Biotech Bear 3X Shares , down 13% ** Manning & Napier Inc , down 12.7% The top three Nasdaq .PG.O percentage gainers: ** Cyclacel Pharmaceuticals Inc , up 89.5% ** American Virtual Cloud Technologies Inc , up 43.8% ** Benitec Biopharma Limited , up 42.9% The top three Nasdaq .PL.O percentage losers: ** Liberty TripAdvisor Holdings Inc , down 18.4% ** BiondVax Pharmaceuticals Equity Warrants , down 15% ** Green Plains Partners LP , down 14% ** Avalon GloboCare Corp AVCO.O: up 12.9% BUZZ-Avalon GloboCare: Rises as therapy shows promise in combating cytokine storm ** Shake Shack Inc SHAK.N: up 6.3% BUZZ-Shake Shack beefs up capital, gives back government loan ** Exelixis Inc EXEL.O: up 25.5% BUZZ-Exelixis jumps as cancer drug combo shows promise in study ** AGNC Investment Corp AGNC.O: up 0.1% ** Annaly Capital Management Inc NLY.N: up 0.2% ** Apollo CRE Finance ARI.N: down 3.7% ** Blackstone Mortgage Trust Inc BXMT.N: down 3.0% ** Ladder Capital Corp LADR.N: flat ** Starwood Property Trust Inc STWD.N: down 2.1% ** TPG RE Finance Trust Inc TRTX.N: down 3.0% BUZZ-U.S. mortgage REITs: DB cuts PT citing "stressed scenarios" ** INmune Bio Inc INMB.O: up 7.1% BUZZ-INmune Bio Inc: Rises on plans to begin COVID-19 trial ** Mustang Bio Inc MBIO.O: up 2.4% BUZZ-Mustang Bio: Rises after EMA's favorable classification of "bubble boy" therapy ** Meredith Corp MDP.N: down 9.7% BUZZ-Meredith Corp: Falls on withdrawing 2020 outlook as ad sales get hit ** Ducommun Inc DCO.N: up 4.6% BUZZ-Ducommun: Jumps as Q1 revenue forecast higher than Wall Street estimates ** Alexion Pharmaceuticals Inc ALXN.O: up 4.4% BUZZ-Alexion rises on study to test blood disorder drug for COVID-19 ** Clorox Co CLX.N: up 1.9% BUZZ-Clorox: Up as Deutsche Bank expects strong Q3 helped by coronavirus ** Peloton Interative Inc PTON.O: down 4.5% BUZZ-Peloton skids as BMO slaps first "sell" rating since IPO ** Terex Corp TEX.N: down 4.7% ** Manitowoc Company Inc MTW.N: down 2.5% BUZZ-GS removes Terex and Manitowoc from "buy list", downgrades to "neutral" ** Anixa Biosciences Inc ANIX.O: up 11.6% BUZZ-Anixa Biosciences: Rises on partnership for potential treatment of COVID-19 ** Cyclacel Pharmaceutical Inc CYCC.O: up 89.5% BUZZ-Cyclacel: Jumps on deal to study drugs to treat COVID-19 patients ** Boeing Co BA.N: down 3.1% BUZZ-Benchmark sees Boeing cut 787 production by 30%; lowers PT ** Eros International EROS.N: up 9.0% BUZZ-Eros International: Soars after deal to merge with STX Entertainment ** Medpace Holdings Inc MEDP.O: down 1.9% ** ICON Plc ICLR.O: up 0.1% BUZZ-Baird downgrades two contract research organizations on COVID-19 impact ** Xeris Pharmaceutical Inc XERS.O: up 10.2% BUZZ-Xeris Pharma: Rises on positive results from seizure medication study ** United Airlines Holdings Inc UAL.O: down 3.2% BUZZ-United Airlines drops on estimated quarterly loss, dour outlook ** Walt Disney Co DIS.N: down 2.8% BUZZ-Disney: Falls as brokerages move to sidelines citing hit to theme parks ** Cheesecake Factory Inc CAKE.O: up 7.6% BUZZ-Cheesecake Factory: Rises on $200 mln investment from Roark Capital ** Exxon Mobil Corp XOM.N: down 2.2% ** Chevron Corp CVX.N: down 1.0% ** Devon Energy Corp DVN.N: up 1.1% ** Callon Petroleum Co CPE.N: down 2.5% ** Chesapeake Energy Corp CHK.N: down 1.0% ** Occidental Petroleum Corp OXY.N: down 4.8% ** Schlumberger NV SLB.N: up 0.4% ** Halliburton Co HAL.N: up 3.5% ** TechnipFMC Plc FTI.N: down 0.5% BUZZ-Oil stocks drop as concerns over rising crude storage weigh on prices BUZZ-Street View: Schlumberger's dividend cut the first step on road to recovery BUZZ-Halliburton: Falls on $1.1 bln impairment charges ** Safe-T Group SFET.O: up 17.6% BUZZ-Safe-T Group: Jumps on upbeat Q1 revenue forecast ** AbbVie Inc ABBV.N: up 0.3% BUZZ-AbbVie Inc: RBC expects rebound in 2021, upgrades to "outperform" ** Facebook Inc FB.O: up 0.3% BUZZ-Facebook: Credit Suisse cuts PT as coronavirus impacts ad revenue ** Biogen Inc BIIB.O: up 1.5% BUZZ-Biogen Inc: Alzheimer's drug in focus ahead of Q1, not earnings ** Abbott Laboratories ABT.N: up 1.0% BUZZ-Abbott, Roche to benefit from surging demand for COVID-19 antibody tests - analyst ** DuPont de Nemours Inc DD.N: up 5.0% BUZZ-DuPont: Rises on expectations of stronger Q1 from coronavirus-driven demand ** Co-Diagnostics Inc CODX.O: up 13.8% BUZZ-Co-Diagnostics: Rises on increased U.S. sales of COVID-19 testing kits ** Acadia Healthcare Co Inc ACHC.O: up 0.4% ** Brookdale Senior Living Inc BKD.N: down 1.8% ** Ensign Group Inc ENSG.O: down 1.2% ** Select Medical Holdings Corp SEM.N: down 3.6% BUZZ-Strong headwinds imminent for facility-based health care providers - Analyst ** General Motors Co GM.N: down 0.3% ** Ford Motor Co F.N: down 1.2% BUZZ-CS cuts PT on Ford, GM on heavy cash burn in H1 2020 ** Royal Caribbean Cruises Ltd RCL.N: down 1.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 2.7% ** Carnival Corp CCL.N: down 1.4% BUZZ-J.P. Morgan slashes cruise operators' PT on virus impact The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh A slide in energy stocks weighed on Wall Street on Monday as crude prices crashed at the start of a week packed with quarterly earnings reports and economic data likely to underline the damage from the coronavirus outbreak..N At 16:05 ET, the Dow Jones Industrial Average .DJI was down 0.94% at 24,014.95. down 1.98% (Compiled by Amal S in Bengaluru) ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The top three S&P 500 .PG.INX percentage gainers: ** FLIR Systems Inc , up 14.1% ** Carrier Global Corp , up 6.6% ** DuPont de Nemours Inc, up 5% The top three S&P 500 .PL.INX percentage losers: ** Vornado Realty Trust , down 4.9% ** Lennar Corporation , down 4.7% ** Occidental Petroleum Corp , down 4.7% The top three NYSE .PG.N percentage gainers: ** Regional Health Properties Inc , up 41.6% ** Montage Resources Corp , up 26.8% ** Build-A-Bear Workshop Inc , up 26.2% The top three NYSE .PL.N percentage losers: ** Invesco Mortgage Capital Inc , down 19.5% ** Direxion Daily S&P Biotech Bear 3X Shares , down 13% ** Manning & Napier Inc , down 12.7% The top three Nasdaq .PG.O percentage gainers: ** Cyclacel Pharmaceuticals Inc , up 89.5% ** American Virtual Cloud Technologies Inc , up 43.8% ** Benitec Biopharma Limited , up 42.9% The top three Nasdaq .PL.O percentage losers: ** Liberty TripAdvisor Holdings Inc , down 18.4% ** BiondVax Pharmaceuticals Equity Warrants , down 15% ** Green Plains Partners LP , down 14% ** Avalon GloboCare Corp AVCO.O: up 12.9% BUZZ-Avalon GloboCare: Rises as therapy shows promise in combating cytokine storm ** Shake Shack Inc SHAK.N: up 6.3% BUZZ-Shake Shack beefs up capital, gives back government loan ** Exelixis Inc EXEL.O: up 25.5% BUZZ-Exelixis jumps as cancer drug combo shows promise in study ** AGNC Investment Corp AGNC.O: up 0.1% ** Annaly Capital Management Inc NLY.N: up 0.2% ** Apollo CRE Finance ARI.N: down 3.7% ** Blackstone Mortgage Trust Inc BXMT.N: down 3.0% ** Ladder Capital Corp LADR.N: flat ** Starwood Property Trust Inc STWD.N: down 2.1% ** TPG RE Finance Trust Inc TRTX.N: down 3.0% BUZZ-U.S. mortgage REITs: DB cuts PT citing "stressed scenarios" ** INmune Bio Inc INMB.O: up 7.1% BUZZ-INmune Bio Inc: Rises on plans to begin COVID-19 trial ** Mustang Bio Inc MBIO.O: up 2.4% BUZZ-Mustang Bio: Rises after EMA's favorable classification of "bubble boy" therapy ** Meredith Corp MDP.N: down 9.7% BUZZ-Meredith Corp: Falls on withdrawing 2020 outlook as ad sales get hit ** Ducommun Inc DCO.N: up 4.6% BUZZ-Ducommun: Jumps as Q1 revenue forecast higher than Wall Street estimates ** Alexion Pharmaceuticals Inc ALXN.O: up 4.4% BUZZ-Alexion rises on study to test blood disorder drug for COVID-19 ** Clorox Co CLX.N: up 1.9% BUZZ-Clorox: Up as Deutsche Bank expects strong Q3 helped by coronavirus ** Peloton Interative Inc PTON.O: down 4.5% BUZZ-Peloton skids as BMO slaps first "sell" rating since IPO ** Terex Corp TEX.N: down 4.7% ** Manitowoc Company Inc MTW.N: down 2.5% BUZZ-GS removes Terex and Manitowoc from "buy list", downgrades to "neutral" ** Anixa Biosciences Inc ANIX.O: up 11.6% BUZZ-Anixa Biosciences: Rises on partnership for potential treatment of COVID-19 ** Cyclacel Pharmaceutical Inc CYCC.O: up 89.5% BUZZ-Cyclacel: Jumps on deal to study drugs to treat COVID-19 patients ** Boeing Co BA.N: down 3.1% BUZZ-Benchmark sees Boeing cut 787 production by 30%; lowers PT ** Eros International EROS.N: up 9.0% BUZZ-Eros International: Soars after deal to merge with STX Entertainment ** Medpace Holdings Inc MEDP.O: down 1.9% ** ICON Plc ICLR.O: up 0.1% BUZZ-Baird downgrades two contract research organizations on COVID-19 impact ** Xeris Pharmaceutical Inc XERS.O: up 10.2% BUZZ-Xeris Pharma: Rises on positive results from seizure medication study ** United Airlines Holdings Inc UAL.O: down 3.2% BUZZ-United Airlines drops on estimated quarterly loss, dour outlook ** Walt Disney Co DIS.N: down 2.8% BUZZ-Disney: Falls as brokerages move to sidelines citing hit to theme parks ** Cheesecake Factory Inc CAKE.O: up 7.6% BUZZ-Cheesecake Factory: Rises on $200 mln investment from Roark Capital ** Exxon Mobil Corp XOM.N: down 2.2% ** Chevron Corp CVX.N: down 1.0% ** Devon Energy Corp DVN.N: up 1.1% ** Callon Petroleum Co CPE.N: down 2.5% ** Chesapeake Energy Corp CHK.N: down 1.0% ** Occidental Petroleum Corp OXY.N: down 4.8% ** Schlumberger NV SLB.N: up 0.4% ** Halliburton Co HAL.N: up 3.5% ** TechnipFMC Plc FTI.N: down 0.5% BUZZ-Oil stocks drop as concerns over rising crude storage weigh on prices BUZZ-Street View: Schlumberger's dividend cut the first step on road to recovery BUZZ-Halliburton: Falls on $1.1 bln impairment charges ** Safe-T Group SFET.O: up 17.6% BUZZ-Safe-T Group: Jumps on upbeat Q1 revenue forecast ** AbbVie Inc ABBV.N: up 0.3% BUZZ-AbbVie Inc: RBC expects rebound in 2021, upgrades to "outperform" ** Facebook Inc FB.O: up 0.3% BUZZ-Facebook: Credit Suisse cuts PT as coronavirus impacts ad revenue ** Biogen Inc BIIB.O: up 1.5% BUZZ-Biogen Inc: Alzheimer's drug in focus ahead of Q1, not earnings ** Abbott Laboratories ABT.N: up 1.0% BUZZ-Abbott, Roche to benefit from surging demand for COVID-19 antibody tests - analyst ** DuPont de Nemours Inc DD.N: up 5.0% BUZZ-DuPont: Rises on expectations of stronger Q1 from coronavirus-driven demand ** Co-Diagnostics Inc CODX.O: up 13.8% BUZZ-Co-Diagnostics: Rises on increased U.S. sales of COVID-19 testing kits ** Acadia Healthcare Co Inc ACHC.O: up 0.4% ** Brookdale Senior Living Inc BKD.N: down 1.8% ** Ensign Group Inc ENSG.O: down 1.2% ** Select Medical Holdings Corp SEM.N: down 3.6% BUZZ-Strong headwinds imminent for facility-based health care providers - Analyst ** General Motors Co GM.N: down 0.3% ** Ford Motor Co F.N: down 1.2% BUZZ-CS cuts PT on Ford, GM on heavy cash burn in H1 2020 ** Royal Caribbean Cruises Ltd RCL.N: down 1.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 2.7% ** Carnival Corp CCL.N: down 1.4% BUZZ-J.P. Morgan slashes cruise operators' PT on virus impact The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh A slide in energy stocks weighed on Wall Street on Monday as crude prices crashed at the start of a week packed with quarterly earnings reports and economic data likely to underline the damage from the coronavirus outbreak..N At 16:05 ET, the Dow Jones Industrial Average .DJI was down 0.94% at 24,014.95. down 1.98% (Compiled by Amal S in Bengaluru) ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The top three S&P 500 .PG.INX percentage gainers: ** FLIR Systems Inc , up 14.1% ** Carrier Global Corp , up 6.6% ** DuPont de Nemours Inc, up 5% The top three S&P 500 .PL.INX percentage losers: ** Vornado Realty Trust , down 4.9% ** Lennar Corporation , down 4.7% ** Occidental Petroleum Corp , down 4.7% The top three NYSE .PG.N percentage gainers: ** Regional Health Properties Inc , up 41.6% ** Montage Resources Corp , up 26.8% ** Build-A-Bear Workshop Inc , up 26.2% The top three NYSE .PL.N percentage losers: ** Invesco Mortgage Capital Inc , down 19.5% ** Direxion Daily S&P Biotech Bear 3X Shares , down 13% ** Manning & Napier Inc , down 12.7% The top three Nasdaq .PG.O percentage gainers: ** Cyclacel Pharmaceuticals Inc , up 89.5% ** American Virtual Cloud Technologies Inc , up 43.8% ** Benitec Biopharma Limited , up 42.9% The top three Nasdaq .PL.O percentage losers: ** Liberty TripAdvisor Holdings Inc , down 18.4% ** BiondVax Pharmaceuticals Equity Warrants , down 15% ** Green Plains Partners LP , down 14% ** Avalon GloboCare Corp AVCO.O: up 12.9% BUZZ-Avalon GloboCare: Rises as therapy shows promise in combating cytokine storm ** Shake Shack Inc SHAK.N: up 6.3% BUZZ-Shake Shack beefs up capital, gives back government loan ** Exelixis Inc EXEL.O: up 25.5% BUZZ-Exelixis jumps as cancer drug combo shows promise in study ** AGNC Investment Corp AGNC.O: up 0.1% ** Annaly Capital Management Inc NLY.N: up 0.2% ** Apollo CRE Finance ARI.N: down 3.7% ** Blackstone Mortgage Trust Inc BXMT.N: down 3.0% ** Ladder Capital Corp LADR.N: flat ** Starwood Property Trust Inc STWD.N: down 2.1% ** TPG RE Finance Trust Inc TRTX.N: down 3.0% BUZZ-U.S. mortgage REITs: DB cuts PT citing "stressed scenarios" ** INmune Bio Inc INMB.O: up 7.1% BUZZ-INmune Bio Inc: Rises on plans to begin COVID-19 trial ** Mustang Bio Inc MBIO.O: up 2.4% BUZZ-Mustang Bio: Rises after EMA's favorable classification of "bubble boy" therapy ** Meredith Corp MDP.N: down 9.7% BUZZ-Meredith Corp: Falls on withdrawing 2020 outlook as ad sales get hit ** Ducommun Inc DCO.N: up 4.6% BUZZ-Ducommun: Jumps as Q1 revenue forecast higher than Wall Street estimates ** Alexion Pharmaceuticals Inc ALXN.O: up 4.4% BUZZ-Alexion rises on study to test blood disorder drug for COVID-19 ** Clorox Co CLX.N: up 1.9% BUZZ-Clorox: Up as Deutsche Bank expects strong Q3 helped by coronavirus ** Peloton Interative Inc PTON.O: down 4.5% BUZZ-Peloton skids as BMO slaps first "sell" rating since IPO ** Terex Corp TEX.N: down 4.7% ** Manitowoc Company Inc MTW.N: down 2.5% BUZZ-GS removes Terex and Manitowoc from "buy list", downgrades to "neutral" ** Anixa Biosciences Inc ANIX.O: up 11.6% BUZZ-Anixa Biosciences: Rises on partnership for potential treatment of COVID-19 ** Cyclacel Pharmaceutical Inc CYCC.O: up 89.5% BUZZ-Cyclacel: Jumps on deal to study drugs to treat COVID-19 patients ** Boeing Co BA.N: down 3.1% BUZZ-Benchmark sees Boeing cut 787 production by 30%; lowers PT ** Eros International EROS.N: up 9.0% BUZZ-Eros International: Soars after deal to merge with STX Entertainment ** Medpace Holdings Inc MEDP.O: down 1.9% ** ICON Plc ICLR.O: up 0.1% BUZZ-Baird downgrades two contract research organizations on COVID-19 impact ** Xeris Pharmaceutical Inc XERS.O: up 10.2% BUZZ-Xeris Pharma: Rises on positive results from seizure medication study ** United Airlines Holdings Inc UAL.O: down 3.2% BUZZ-United Airlines drops on estimated quarterly loss, dour outlook ** Walt Disney Co DIS.N: down 2.8% BUZZ-Disney: Falls as brokerages move to sidelines citing hit to theme parks ** Cheesecake Factory Inc CAKE.O: up 7.6% BUZZ-Cheesecake Factory: Rises on $200 mln investment from Roark Capital ** Exxon Mobil Corp XOM.N: down 2.2% ** Chevron Corp CVX.N: down 1.0% ** Devon Energy Corp DVN.N: up 1.1% ** Callon Petroleum Co CPE.N: down 2.5% ** Chesapeake Energy Corp CHK.N: down 1.0% ** Occidental Petroleum Corp OXY.N: down 4.8% ** Schlumberger NV SLB.N: up 0.4% ** Halliburton Co HAL.N: up 3.5% ** TechnipFMC Plc FTI.N: down 0.5% BUZZ-Oil stocks drop as concerns over rising crude storage weigh on prices BUZZ-Street View: Schlumberger's dividend cut the first step on road to recovery BUZZ-Halliburton: Falls on $1.1 bln impairment charges ** Safe-T Group SFET.O: up 17.6% BUZZ-Safe-T Group: Jumps on upbeat Q1 revenue forecast ** AbbVie Inc ABBV.N: up 0.3% BUZZ-AbbVie Inc: RBC expects rebound in 2021, upgrades to "outperform" ** Facebook Inc FB.O: up 0.3% BUZZ-Facebook: Credit Suisse cuts PT as coronavirus impacts ad revenue ** Biogen Inc BIIB.O: up 1.5% BUZZ-Biogen Inc: Alzheimer's drug in focus ahead of Q1, not earnings ** Abbott Laboratories ABT.N: up 1.0% BUZZ-Abbott, Roche to benefit from surging demand for COVID-19 antibody tests - analyst ** DuPont de Nemours Inc DD.N: up 5.0% BUZZ-DuPont: Rises on expectations of stronger Q1 from coronavirus-driven demand ** Co-Diagnostics Inc CODX.O: up 13.8% BUZZ-Co-Diagnostics: Rises on increased U.S. sales of COVID-19 testing kits ** Acadia Healthcare Co Inc ACHC.O: up 0.4% ** Brookdale Senior Living Inc BKD.N: down 1.8% ** Ensign Group Inc ENSG.O: down 1.2% ** Select Medical Holdings Corp SEM.N: down 3.6% BUZZ-Strong headwinds imminent for facility-based health care providers - Analyst ** General Motors Co GM.N: down 0.3% ** Ford Motor Co F.N: down 1.2% BUZZ-CS cuts PT on Ford, GM on heavy cash burn in H1 2020 ** Royal Caribbean Cruises Ltd RCL.N: down 1.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 2.7% ** Carnival Corp CCL.N: down 1.4% BUZZ-J.P. Morgan slashes cruise operators' PT on virus impact The 11 major S&P 500 sectors: Communication Services down 0.15% Consumer Discretionary up 0.32% Consumer Staples | The top three S&P 500 .PG.INX percentage gainers: ** FLIR Systems Inc , up 14.1% ** Carrier Global Corp , up 6.6% ** DuPont de Nemours Inc, up 5% The top three S&P 500 .PL.INX percentage losers: ** Vornado Realty Trust , down 4.9% ** Lennar Corporation , down 4.7% ** Occidental Petroleum Corp , down 4.7% The top three NYSE .PG.N percentage gainers: ** Regional Health Properties Inc , up 41.6% ** Montage Resources Corp , up 26.8% ** Build-A-Bear Workshop Inc , up 26.2% The top three NYSE .PL.N percentage losers: ** Invesco Mortgage Capital Inc , down 19.5% ** Direxion Daily S&P Biotech Bear 3X Shares , down 13% ** Manning & Napier Inc , down 12.7% The top three Nasdaq .PG.O percentage gainers: ** Cyclacel Pharmaceuticals Inc , up 89.5% ** American Virtual Cloud Technologies Inc , up 43.8% ** Benitec Biopharma Limited , up 42.9% The top three Nasdaq .PL.O percentage losers: ** Liberty TripAdvisor Holdings Inc , down 18.4% ** BiondVax Pharmaceuticals Equity Warrants , down 15% ** Green Plains Partners LP , down 14% ** Avalon GloboCare Corp AVCO.O: up 12.9% BUZZ-Avalon GloboCare: Rises as therapy shows promise in combating cytokine storm ** Shake Shack Inc SHAK.N: up 6.3% BUZZ-Shake Shack beefs up capital, gives back government loan ** Exelixis Inc EXEL.O: up 25.5% BUZZ-Exelixis jumps as cancer drug combo shows promise in study ** AGNC Investment Corp AGNC.O: up 0.1% ** Annaly Capital Management Inc NLY.N: up 0.2% ** Apollo CRE Finance ARI.N: down 3.7% ** Blackstone Mortgage Trust Inc BXMT.N: down 3.0% ** Ladder Capital Corp LADR.N: flat ** Starwood Property Trust Inc STWD.N: down 2.1% ** TPG RE Finance Trust Inc TRTX.N: down 3.0% BUZZ-U.S. mortgage REITs: DB cuts PT citing "stressed scenarios" ** INmune Bio Inc INMB.O: up 7.1% BUZZ-INmune Bio Inc: Rises on plans to begin COVID-19 trial ** Mustang Bio Inc MBIO.O: up 2.4% BUZZ-Mustang Bio: Rises after EMA's favorable classification of "bubble boy" therapy ** Meredith Corp MDP.N: down 9.7% BUZZ-Meredith Corp: Falls on withdrawing 2020 outlook as ad sales get hit ** Ducommun Inc DCO.N: up 4.6% BUZZ-Ducommun: Jumps as Q1 revenue forecast higher than Wall Street estimates ** Alexion Pharmaceuticals Inc ALXN.O: up 4.4% BUZZ-Alexion rises on study to test blood disorder drug for COVID-19 ** Clorox Co CLX.N: up 1.9% BUZZ-Clorox: Up as Deutsche Bank expects strong Q3 helped by coronavirus ** Peloton Interative Inc PTON.O: down 4.5% BUZZ-Peloton skids as BMO slaps first "sell" rating since IPO ** Terex Corp TEX.N: down 4.7% ** Manitowoc Company Inc MTW.N: down 2.5% BUZZ-GS removes Terex and Manitowoc from "buy list", downgrades to "neutral" ** Anixa Biosciences Inc ANIX.O: up 11.6% BUZZ-Anixa Biosciences: Rises on partnership for potential treatment of COVID-19 ** Cyclacel Pharmaceutical Inc CYCC.O: up 89.5% BUZZ-Cyclacel: Jumps on deal to study drugs to treat COVID-19 patients ** Boeing Co BA.N: down 3.1% BUZZ-Benchmark sees Boeing cut 787 production by 30%; lowers PT ** Eros International EROS.N: up 9.0% BUZZ-Eros International: Soars after deal to merge with STX Entertainment ** Medpace Holdings Inc MEDP.O: down 1.9% ** ICON Plc ICLR.O: up 0.1% BUZZ-Baird downgrades two contract research organizations on COVID-19 impact ** Xeris Pharmaceutical Inc XERS.O: up 10.2% BUZZ-Xeris Pharma: Rises on positive results from seizure medication study ** United Airlines Holdings Inc UAL.O: down 3.2% BUZZ-United Airlines drops on estimated quarterly loss, dour outlook ** Walt Disney Co DIS.N: down 2.8% BUZZ-Disney: Falls as brokerages move to sidelines citing hit to theme parks ** Cheesecake Factory Inc CAKE.O: up 7.6% BUZZ-Cheesecake Factory: Rises on $200 mln investment from Roark Capital ** Exxon Mobil Corp XOM.N: down 2.2% ** Chevron Corp CVX.N: down 1.0% ** Devon Energy Corp DVN.N: up 1.1% ** Callon Petroleum Co CPE.N: down 2.5% ** Chesapeake Energy Corp CHK.N: down 1.0% ** Occidental Petroleum Corp OXY.N: down 4.8% ** Schlumberger NV SLB.N: up 0.4% ** Halliburton Co HAL.N: up 3.5% ** TechnipFMC Plc FTI.N: down 0.5% BUZZ-Oil stocks drop as concerns over rising crude storage weigh on prices BUZZ-Street View: Schlumberger's dividend cut the first step on road to recovery BUZZ-Halliburton: Falls on $1.1 bln impairment charges ** Safe-T Group SFET.O: up 17.6% BUZZ-Safe-T Group: Jumps on upbeat Q1 revenue forecast ** AbbVie Inc ABBV.N: up 0.3% BUZZ-AbbVie Inc: RBC expects rebound in 2021, upgrades to "outperform" ** Facebook Inc FB.O: up 0.3% BUZZ-Facebook: Credit Suisse cuts PT as coronavirus impacts ad revenue ** Biogen Inc BIIB.O: up 1.5% BUZZ-Biogen Inc: Alzheimer's drug in focus ahead of Q1, not earnings ** Abbott Laboratories ABT.N: up 1.0% BUZZ-Abbott, Roche to benefit from surging demand for COVID-19 antibody tests - analyst ** DuPont de Nemours Inc DD.N: up 5.0% BUZZ-DuPont: Rises on expectations of stronger Q1 from coronavirus-driven demand ** Co-Diagnostics Inc CODX.O: up 13.8% BUZZ-Co-Diagnostics: Rises on increased U.S. sales of COVID-19 testing kits ** Acadia Healthcare Co Inc ACHC.O: up 0.4% ** Brookdale Senior Living Inc BKD.N: down 1.8% ** Ensign Group Inc ENSG.O: down 1.2% ** Select Medical Holdings Corp SEM.N: down 3.6% BUZZ-Strong headwinds imminent for facility-based health care providers - Analyst ** General Motors Co GM.N: down 0.3% ** Ford Motor Co F.N: down 1.2% BUZZ-CS cuts PT on Ford, GM on heavy cash burn in H1 2020 ** Royal Caribbean Cruises Ltd RCL.N: down 1.6% ** Norwegian Cruise Line Holdings Ltd NCLH.N: down 2.7% ** Carnival Corp CCL.N: down 1.4% BUZZ-J.P. Morgan slashes cruise operators' PT on virus impact The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh A slide in energy stocks weighed on Wall Street on Monday as crude prices crashed at the start of a week packed with quarterly earnings reports and economic data likely to underline the damage from the coronavirus outbreak..N At 16:05 ET, the Dow Jones Industrial Average .DJI was down 0.94% at 24,014.95. The S&P 500 .SPX was down 0.65% at 2,855.74 and the Nasdaq Composite .IXIC was up 0.13% at 8,661.651. | b915cca2-8a25-4f3d-9502-da53dd7b29b2 |
710178.0 | 2020-02-21 00:00:00 UTC | Stock Alert: Ducommun Up 19% On Q4 Results | DCO | https://www.nasdaq.com/articles/stock-alert%3A-ducommun-up-19-on-q4-results-2020-02-21 | nan | nan | (RTTNews) - Shares of Ducommun Inc. (DCO) are currently gaining nearly 19% on Friday morning after the aerospace industry supplier's fourth-quarter earnings and revenues trumped Wall Street estimates.
Net income for the fourth quarter was $8.9 million or $0.75 per share, compared to $0.7 million or $0.06 per a year ago. Revenues for the fourth quarter rose to $186.9 million from $164.2 million last year.
Analysts polled by Thomson Reuters estimated earnings of $0.65 per share and revenues of $184.58 million.
DCO is currently trading at $50.28, up $7.49 or 17.50%, on the NYSE.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Shares of Ducommun Inc. (DCO) are currently gaining nearly 19% on Friday morning after the aerospace industry supplier's fourth-quarter earnings and revenues trumped Wall Street estimates. DCO is currently trading at $50.28, up $7.49 or 17.50%, on the NYSE. Net income for the fourth quarter was $8.9 million or $0.75 per share, compared to $0.7 million or $0.06 per a year ago. | (RTTNews) - Shares of Ducommun Inc. (DCO) are currently gaining nearly 19% on Friday morning after the aerospace industry supplier's fourth-quarter earnings and revenues trumped Wall Street estimates. DCO is currently trading at $50.28, up $7.49 or 17.50%, on the NYSE. Net income for the fourth quarter was $8.9 million or $0.75 per share, compared to $0.7 million or $0.06 per a year ago. | (RTTNews) - Shares of Ducommun Inc. (DCO) are currently gaining nearly 19% on Friday morning after the aerospace industry supplier's fourth-quarter earnings and revenues trumped Wall Street estimates. DCO is currently trading at $50.28, up $7.49 or 17.50%, on the NYSE. Net income for the fourth quarter was $8.9 million or $0.75 per share, compared to $0.7 million or $0.06 per a year ago. | DCO is currently trading at $50.28, up $7.49 or 17.50%, on the NYSE. (RTTNews) - Shares of Ducommun Inc. (DCO) are currently gaining nearly 19% on Friday morning after the aerospace industry supplier's fourth-quarter earnings and revenues trumped Wall Street estimates. Revenues for the fourth quarter rose to $186.9 million from $164.2 million last year. | 6bdccc03-844e-4839-af93-160c09ba52a0 |
710179.0 | 2019-12-18 00:00:00 UTC | Notable Wednesday Option Activity: KHC, DCO, GIS | DCO | https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-khc-dco-gis-2019-12-18 | nan | nan | Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Kraft Heinz Co (Symbol: KHC), where a total of 25,494 contracts have traded so far, representing approximately 2.5 million underlying shares. That amounts to about 43.6% of KHC's average daily trading volume over the past month of 5.9 million shares. Particularly high volume was seen for the $30 strike call option expiring January 15, 2021, with 6,451 contracts trading so far today, representing approximately 645,100 underlying shares of KHC. Below is a chart showing KHC's trailing twelve month trading history, with the $30 strike highlighted in orange:
Ducommun Inc. (Symbol: DCO) options are showing a volume of 335 contracts thus far today. That number of contracts represents approximately 33,500 underlying shares, working out to a sizeable 43.5% of DCO's average daily trading volume over the past month, of 76,990 shares. Particularly high volume was seen for the $50 strike put option expiring January 17, 2020, with 333 contracts trading so far today, representing approximately 33,300 underlying shares of DCO. Below is a chart showing DCO's trailing twelve month trading history, with the $50 strike highlighted in orange:
And General Mills Inc (Symbol: GIS) saw options trading volume of 13,548 contracts, representing approximately 1.4 million underlying shares or approximately 43.4% of GIS's average daily trading volume over the past month, of 3.1 million shares. Especially high volume was seen for the $52.50 strike put option expiring December 20, 2019, with 2,500 contracts trading so far today, representing approximately 250,000 underlying shares of GIS. Below is a chart showing GIS's trailing twelve month trading history, with the $52.50 strike highlighted in orange:
For the various different available expirations for KHC options, DCO options, or GIS options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Particularly high volume was seen for the $50 strike put option expiring January 17, 2020, with 333 contracts trading so far today, representing approximately 33,300 underlying shares of DCO. Below is a chart showing KHC's trailing twelve month trading history, with the $30 strike highlighted in orange: Ducommun Inc. (Symbol: DCO) options are showing a volume of 335 contracts thus far today. That number of contracts represents approximately 33,500 underlying shares, working out to a sizeable 43.5% of DCO's average daily trading volume over the past month, of 76,990 shares. | Below is a chart showing KHC's trailing twelve month trading history, with the $30 strike highlighted in orange: Ducommun Inc. (Symbol: DCO) options are showing a volume of 335 contracts thus far today. Below is a chart showing DCO's trailing twelve month trading history, with the $50 strike highlighted in orange: And General Mills Inc (Symbol: GIS) saw options trading volume of 13,548 contracts, representing approximately 1.4 million underlying shares or approximately 43.4% of GIS's average daily trading volume over the past month, of 3.1 million shares. That number of contracts represents approximately 33,500 underlying shares, working out to a sizeable 43.5% of DCO's average daily trading volume over the past month, of 76,990 shares. | Particularly high volume was seen for the $50 strike put option expiring January 17, 2020, with 333 contracts trading so far today, representing approximately 33,300 underlying shares of DCO. Below is a chart showing DCO's trailing twelve month trading history, with the $50 strike highlighted in orange: And General Mills Inc (Symbol: GIS) saw options trading volume of 13,548 contracts, representing approximately 1.4 million underlying shares or approximately 43.4% of GIS's average daily trading volume over the past month, of 3.1 million shares. Below is a chart showing KHC's trailing twelve month trading history, with the $30 strike highlighted in orange: Ducommun Inc. (Symbol: DCO) options are showing a volume of 335 contracts thus far today. | Particularly high volume was seen for the $50 strike put option expiring January 17, 2020, with 333 contracts trading so far today, representing approximately 33,300 underlying shares of DCO. Below is a chart showing DCO's trailing twelve month trading history, with the $50 strike highlighted in orange: And General Mills Inc (Symbol: GIS) saw options trading volume of 13,548 contracts, representing approximately 1.4 million underlying shares or approximately 43.4% of GIS's average daily trading volume over the past month, of 3.1 million shares. Below is a chart showing GIS's trailing twelve month trading history, with the $52.50 strike highlighted in orange: For the various different available expirations for KHC options, DCO options, or GIS options, visit StockOptionsChannel.com. | 69251c70-329c-4a33-a26a-5a47e14f1543 |
710180.0 | 2019-10-31 00:00:00 UTC | Thursday Sector Leaders: Precious Metals, Aerospace & Defense Stocks | DCO | https://www.nasdaq.com/articles/thursday-sector-leaders%3A-precious-metals-aerospace-defense-stocks-2019-10-31 | nan | nan | In trading on Thursday, precious metals shares were relative leaders, up on the day by about 1.2%. Leading the group were shares of Golden Star Resources (GSS), up about 12.9% and shares of Sandstorm Gold (SAND) up about 9% on the day.
Also showing relative strength are aerospace & defense shares, up on the day by about 1% as a group, led by Ducommun (DCO), trading higher by about 16% and Bombardier (BDRBF), trading up by about 7.6% on Thursday.
VIDEO: Thursday Sector Leaders: Precious Metals, Aerospace & Defense Stocks
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are aerospace & defense shares, up on the day by about 1% as a group, led by Ducommun (DCO), trading higher by about 16% and Bombardier (BDRBF), trading up by about 7.6% on Thursday. In trading on Thursday, precious metals shares were relative leaders, up on the day by about 1.2%. VIDEO: Thursday Sector Leaders: Precious Metals, Aerospace & Defense Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are aerospace & defense shares, up on the day by about 1% as a group, led by Ducommun (DCO), trading higher by about 16% and Bombardier (BDRBF), trading up by about 7.6% on Thursday. In trading on Thursday, precious metals shares were relative leaders, up on the day by about 1.2%. VIDEO: Thursday Sector Leaders: Precious Metals, Aerospace & Defense Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are aerospace & defense shares, up on the day by about 1% as a group, led by Ducommun (DCO), trading higher by about 16% and Bombardier (BDRBF), trading up by about 7.6% on Thursday. In trading on Thursday, precious metals shares were relative leaders, up on the day by about 1.2%. VIDEO: Thursday Sector Leaders: Precious Metals, Aerospace & Defense Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are aerospace & defense shares, up on the day by about 1% as a group, led by Ducommun (DCO), trading higher by about 16% and Bombardier (BDRBF), trading up by about 7.6% on Thursday. In trading on Thursday, precious metals shares were relative leaders, up on the day by about 1.2%. Leading the group were shares of Golden Star Resources (GSS), up about 12.9% and shares of Sandstorm Gold (SAND) up about 9% on the day. | bf444aca-b2a8-4040-b563-ab08ce7e463c |
710181.0 | 2019-10-31 00:00:00 UTC | Ducommun (DCO) Q3 2019 Earnings Call Transcript | DCO | https://www.nasdaq.com/articles/ducommun-dco-q3-2019-earnings-call-transcript-2019-10-31 | nan | nan | Image source: The Motley Fool.
Ducommun (NYSE: DCO)
Q3 2019 Earnings Call
Oct 30, 2019, 5:00 p.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good afternoon, ladies and gentlemen, and welcome to Ducommun third-quarterearnings conference call [Operator instructions] As a reminder, this conference call is being recorded. I would now like to turn the conference over to your host, Mr. Witty, the moderator.
You may begin.
Chris Witty -- Investor Relations
Thank you, and welcome to Ducommun's 2019 third-quarter conference call. With me today are Steve Oswald, chairman president, and CEO; and Chris Wampler, vice president, interim chief financial officer, and treasurer, controller, and chief accounting officer. I'm going to make or discuss certain limitations to any forward-looking statements regarding future events, projections, or performance that we may make during the prepared remarks or the question-and-answer session that follows. Certain statements today that are not historical facts, including any statements as to future market conditions, results of operations, and financial projections, are forward-looking statements under the Federal Private Securities Litigation Reform Act of 1995, and are therefore prospective.
These forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from the future results expressed or implied by such forward-looking statements. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. In addition, estimates of future operating results are based on the company's current business, which is subject to change. Particular risks facing Ducommun include, among others, the cyclicality of our end-use markets, the level of U.S.
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government defense spending, legal and regulatory risks, management changes, the costs of expansion and acquisitions, and competition. These risks and others are described in our annual report on Form 10-K filed with the SEC, and our forward-looking statements are subject to those risks. Statements made during this call are only as of the time made, and we do not intend to update any statements made in this presentation except if and as required by regulatory authority. This call also includes non-GAAP financial measures.
Please refer to our filings with the SEC for a reconciliation of the non-GAAP measures referenced on this call to the most similar GAAP measures. We filed our Form 10-Q With the SEC today, and you will find a link to all our filing on the company's website under the Investor Relations tab. I would now like to turn the call over to Mr. Steve Oswald for a review of the operating results.
Steve?
Steve Oswald -- Chairman President, and Chief Executive Officer
OK. Thank you, Chris, and thanks to everyone for joining us today for our third-quarter conference call. As usual, I'll begin by providing an update on recent developments at the company. Afterwards, Chris Wampler will review our financials in detail.
As mentioned in the press release this afternoon, I'm very happy with our third-quarter results and continued strong performance of the company, now having as well five straight quarters of double-digit revenue increases averaging 15%, with over 85% of the gains organic. Ducommun's revenue for the third quarter also grew at 13% year over year to 181 million driven by increased shipments on large, narrow-body aircraft platforms, including the Boeing 737 Max, and the Airbus A320 family, and our defense businesses. Ducommun commercial fixed-wing business grew in aggregate over 26% versus last year, underscoring our position to both Boeing and Airbus where we provide important content. On the Max, we've continued to ship in support of the monthly rate of 42 for Boeing and 52 for Spirit.
We currently see no change in the current build schedule. And as stated in the past, the Boeing reduction is not material to Ducommun. We also continue to work closely with them and currently have the manufacturing capacity and ability to support the ramp-up of any increase in the build schedule in the future. As you know, we are also broadly diversified across numerous commercial platforms, including now Airbus.
Our business with them again posted strong gains year over year. We now have a long runway of opportunity ahead of us. Gulfstream is also growing another bright spot in the quarter with the production increases on the G series aircraft. Our defense business had an excellent quarter as well with a 13% increase in revenue.
Ducommun had strong performance on many of its key missile programs, aircraft platforms such as the F-35 and the Apache helicopter. We remain confident in continued growth in this important segment, which provides a great balance to the overall company, combined with our commercial aerospace business. We also ended the quarter with a backlog of 835 million near-record levels with a healthy balance of both commercial and military orders. The strength of our backlog certainly underscores the diversity of our product offerings and the long-term demand for the platforms we serve.
Another highlight in the quarter was continued strong margin expansion, with gross margins rising 170 basis points year over year to 21.2%, compared to 19.5% in the third quarter of 2018. Ducommun's operating margin also expanded 160 basis points or 8.1% versus an adjusted 6.5% last year. That's excluding restructuring charges and inventory purchase accounting adjustments. This performance was driven by our structure segment where operating margins expanded to 14.2% due to improved operating leverage, successful implementation of our performance center strategy, Ducommun's operating system, and pricing discipline.
We also posted a strong increase of 31% of adjusted EBITDA to nearly 24 million for the quarter over the comparable period in 2018. I'm obviously thrilled by the many meaningful accomplishments of our team and the company's overall operating results as I will finish up my third year at Ducommun in January. After the quarter ended, we also announced the acquisition of Nobles Worldwide, a global leader in the design and support of ammunition handling systems. This company has been in business for over 70 years, supply advanced tactical products for a variety of aircraft, naval vessels, and military vehicles in the U.S.
and overseas. It's a great fit for Ducommun's business platform, opening new market opportunities with aftermarket support. In addition, roughly 43% of the revenue is from international sales, expanding our presence abroad. Nobles is just the latest transaction that accomplishes the strategy I have discussed in the past to acquire proprietary engineering product companies with intellectual property for our market-leading with aftermarket support and future growth opportunities.
I do also wanna mention at this time that the purchase price of Nobles and the other two acquisitions completed since 2017 were below 10 times EBITDA multiple for each one based on the LTM at the time of the purchase. As we communicated on Investor Day last year, we disclosed the information required by regulations, along with some other selective details, but limit certain data for competitive reasons. However, I thought it was best to share this with investors and analysts today due to recent speculation in the press that we paid a much higher multiple for Nobles on an EBITDA basis, and we did not. I also wanna reiterate, and as I've spoken in the past, Ducommun leadership team are senior executives to both Fortune 100 and top five private equity backgrounds.
We have a strong acquisition process, significant experience, and discipline. Now let me provide some color on our market's products and programs. Together with our military and space sector, we posted third-quarter revenue of $80.5 million of 13% over 2018 reflecting stronger sales across a number of missile and defense programs. For example, we saw double-digit growth in shipments for the F-15, F-16, F-18, and the Joint Strike Fighter, along with the Apache helicopter program, and several missile defense applications, including the Patriot, [Inaudible], JSOW, and Phalanx.
The sheer number of such strong performing platforms exemplifies the demand for our products across the defense market for which we're proud. We ended the quarter with the military and space backlog of approximately 372 million, continuing a steady trend of growth in this area, which we expect will continue into fiscal 2020. Turning to our commercial aerospace operations. Third-quarter sales rose 16% year over year to 88.9 million.
As I mentioned earlier, growth was again fueled by large fixed-wing narrow-body aircraft, such as the Boeing 737 and Airbus A320 family. In fact, most of our Boeing and Airbus platforms grew double digits. And for the second quarter in a row, the A320 was our second-highest revenue-generating commercial platform after the 737. Our rapid growth with Airbus reflects the strength of Ducommon's portfolio and the value provided to this customer.
We also continue to see strong growth with Gulfstream this quarter, as well as on other commercial helicopter platforms. The backlog within our commercial aerospace sector stood at roughly 430 million at the end of the quarter, declining from earlier levels in the year due to order timing. We remain optimistic about the commercial market given the breadth of our product lines and key platforms we serve heading into 2020. With that, Chris, review our financial results in detail.
Chris?
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer, Controller, and Chief Accounting Officer
Thank you, Steve, and good afternoon, everyone. As a reminder, please see the company's filings in today's press release for further description of matters under discussion during the call. During 2019, we have seen the performance of the business continue the themes of favorable year-over-year trends in certain key metrics, including top-line growth, margin expansion, and adjusted EBITDA. Our Ducommon operating system and its performance center focus factory approach has been a key in helping drive continued improvement of the year-over-year operating results, including areas such as customer satisfaction and scrap, as well as performing in a more consistent and predictable manner.
Now I'll move to the details of the overall results. Review of the third quarter. Revenue for the third quarter of 2019 was 181.1 million versus 159.8 million in the third quarter of 2018. This performance includes 9 million higher sales within the military and space sector, primarily reflecting strong demand for various missile programs, and 12.6 million of greater revenue from our commercial aerospace customers due to increased shipments for key narrow-body platforms, such as the Boeing 737 and Airbus A320 as Steve mentioned.
Ducommon overall backlog as of the end of the third quarter was approximately 835 million, which is still near record levels. As a reminder, the company defines backlog as potential revenue and is based on the customer placed purchase orders and long-term agreements with firm fixed prices and expected delivery dates of 24 months or less. Moving to gross profit. Our gross margin was 21.2% in the third quarter versus 19.5 in the prior year's comparable period.
The increase year over year was primarily due to improved operating leverage at the performance centers driving enhanced operating performance. This resulted in favorable production volumes, favorable product mix, and increased manufacturing efficiencies. SG&A was 23.7 million in the third quarter versus 21 million in the third quarter of 2018, with the increase primarily reflecting higher other corporate-related costs and higher compensation and benefit costs. The company reported operating income for the third quarter of 14.6 million or 8.1% of revenue, compared to 6.8 million or 4.3% of revenue in the prior-year period.
The year-over-year improvement was due to higher revenue, higher gross profit, and the prior year included an aggregate total of 3.7 million of restructuring charges and inventory purchase accounting adjustments. On an adjusted basis, operating income was 10.5 million or 6.5% of sales in the third quarter of 2018. Interest expense was 4.4 million in the third quarter of 2019 versus 2.5 million last year due to higher interest rates. As a result of utilizing our credit facility to fund the companies Nobles' acquisition subsequent to quarter end, we do expect interest expense to increase accordingly going forward.
The company reported net income for the third quarter of 8.3 million or $0.70 per diluted share, compared to net income of 4.2 million or $0.36 per diluted share for the third quarter of 2018. The year-over-year increase was primarily due to 7.2 million of higher gross profit. Restructuring charges and other adjustments were also lower year over year by 3.7 million, offset by 2.8 million in higher SG&A, 1.9 million of increased interest expense, and higher income taxes of 1.8 million. Adjusted net income was 7.2 million or $0.62 per diluted share in the 2018 third quarter.
Adjusted EBITDA for the third quarter of 2019 was 23.6 million or 13.1% of revenue, compared to 18.1 million or 11.3% of revenue for the comparable period in 2018, an increase of 180 basis points. Now let me turn to our segment results. Our electronic system segment posted revenue of 90.6 million in the third quarter of 2019 versus 85.7 million in the prior-year period. These results reflect the 5 million dollars increase in sales to our military and space customers.
Commercial aerospace shipments were relatively flat year over year. Electronic systems posted operating income for the third quarter of 9.7 million or 10.7% of revenue versus 9.1 million or 10.6% of revenue in the prior-year period. Excluding restructuring charges last year, electronics' adjusted operating margin was 11.9% for the 2018 third quarter with the year-over-year decline reflecting product mix. Our structural system segment posted revenue of 90.5 million in the third quarter of 2019 versus 74.1 million last year.
The year-over-year increase was due to 12.4 million higher sales across our commercial aerospace applications, primarily large airframe single oil platforms and a $4 million increase in revenue within the company's military and space markets. Structural systems posted operating income for the quarter of 12.9 million or 14.2% of revenue, compared to 4 million or 5.3% of revenue last year. Excluding restructure charges and inventory purchase accounting adjustments, structures' adjusted operating margin was 7.9 for the 2018 third quarter. The year-over-year operating margin improvement reflects improved operating leverage at the performance centers driving elevated operating performance.
These resulted in favorable production volume, favorable production mix, and improved manufacturing efficiencies, along with lower restructure charges in the current year. Corporate, general, and administrative expense for the third quarter of 2019 were 7.9 million or 4.4% of revenue versus 6.2 million or 3.9% of revenue in 2018. The year-over-year results reflect higher other corporate expenses of 1 million and higher compensation and benefit costs of 0.7 million partially offset by lower restructure charges of 0.6 million in the current year. Turning to liquidity and capital resources.
We generated 12 million of cash flow from operations in the third quarter of 2019, compared with 7.2 million during the third quarter of 2018 reflecting our higher net income this year. In terms of capital expenditures, we spent 4.5 million during the third quarter and are on track to spend 16 to 18 million during 2019 to support the program wins. We're again pleased with our quarterly performance and remain positive about the future results. I'll now turn it back over to Steve for his closing remarks.
Steve?
Steve Oswald -- Chairman President, and Chief Executive Officer
OK. Thanks, Chris. OK. Before turning over questions let's just close on a few comments saying I think the company remains in great shape as you near the end of the fiscal year and I see a strong finish to 2019.
I also expect to continue momentum into 2020 form both the top and bottom lines for the company as the team continues to drive excellence in many areas such as customer satisfaction, operational performance, and the development of organization's most important asset, our employees. In closing, we're certainly energized and excited about the year ahead. And as always, I want to thank the common shareholders for their support and trust. With that, operator, you can now open up the call for questions.
Questions & Answers:
Operator
Thank you. [Operator instructions] First question comes from the line of Edward Marshall from Sidoti and Company. Your line is now open.
Edward Marshall -- Sidoti and Company, LLC -- Analyst
Hello.
Steve Oswald -- Chairman President, and Chief Executive Officer
Hi. Hi, Ed.
Edward Marshall -- Sidoti and Company, LLC -- Analyst
Hey. So I was looking at the structures margin, in particular, the 14.2 you put up. Looking at the subsequent two quarters this year, you had very similar revenue bases yet we saw a significant increase in the margin profile especially sequentially. Can you talk about some of the steps that you're taking kind of intra-year to see that type of margin improvement? Is this more than mix? Or what could you tell me?
Steve Oswald -- Chairman President, and Chief Executive Officer
OK. Let me handle that. So it's just continued operational improvements. It's -- like I said earlier, it's a performance center strategy.
It's a common operating model. It's pricing discipline. It's reducing scrap. It's all the things that said I came here, and we finally got things going that we're starting to really kind of see pick up.
So it's mix. You're absolutely right. Sequentially, it's getting better, and we're happy with it.
Edward Marshall -- Sidoti and Company, LLC -- Analyst
Do you think this is a sustainable number? Or do you think you grow from here? Or is this -- I mean is this -- do you think this is kind of a -- an overachieving number. Thanks.
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer, Controller, and Chief Accounting Officer
No. I mean, Ed, this is Chris. Yeah. I don't -- we don't see it as an overachieving number.
I mean, it's been a journey to get it back from low singles to mid singles up to where we're at now. But this is our platform to keep moving forward with. And again, we're looking to continue to grow the top line and get the things that are -- get the dropdown that will certainly help from there, as well as just you know continue to execute a little cleaner and keep moving north.
Edward Marshall -- Sidoti and Company, LLC -- Analyst
Got it. I wanted to discuss the Max. Obviously Boeing's missed early fourth quarter with Return to Flight FAA and the equivalent European organizations still haven't approved. And we're seeing continued push-outs from airline expectations.
As we look at the Max and I looked at your revenue for both Boeing and Spirit, looks like Spirit's hanging in there but Boeing has declined 8% year over year. Maybe you can kind of talk about what you're hearing from Boeing versus maybe what you're hearing from Spirit. Thanks.
Steve Oswald -- Chairman President, and Chief Executive Officer
What we're hearing is no change. We're still, as I said in my remarks, we're at 52 for Spirit. We're 42 at Boeing. And you're absolutely right, the Spirit has been hanging in there and that's been helping us and Boeing's declining a bit, but you expect that with going down to 42.
Edward Marshall -- Sidoti and Company, LLC -- Analyst
Right. And so when you ship 10 ships that's a month now I guess for five, six months ahead, I mean, I'm assuming that [Inaudible] the growth as we move into 2020 and so forth. I mean, if Boeing goes back to 52 and ultimately 57, there's some inventory to kind of bleed out of the system. How should I think about that? And then ultimately if there is a shutdown or slowdown in that production rate, what -- how are you prepared to kind of flex the employment base? Thanks.
Steve Oswald -- Chairman President, and Chief Executive Officer
Yeah. No. I mean, I think our view is still relatively similar to where we've been the last couple quarters is the longer it drags, certainly that's going to change what happens as far as the curve and how it -- how we sort of get back to getting them fully supported at a point in time. But long as the orders are there, we'll get back there eventually on that.
In the meantime, it's the rest of our structures business that really is going to sort of carry the day. And that's what gives us the options and gives us the confidence to say that we're going to continue to grow the business in the fashion that we've laid out for you, guys.
Edward Marshall -- Sidoti and Company, LLC -- Analyst
Got it. And then when I looked at the receivables, what you broke out kind of in the Q seeing that Boeing receivables now are 14% up from about 8 so there's 600-basis-point improvement or increase there. Are there any delays in payments from I guess your largest customer?
Steve Oswald -- Chairman President, and Chief Executive Officer
Yeah. No. No issues there. I mean, we've got a -- number one, there's been no signaling of any sort there.
Number two, we've got most of our program -- most of our sales with Boeing go through a program where we've got options to pull through supply chain finance agreement as well. So we've got multiple ways to keep cash flow moving.
Edward Marshall -- Sidoti and Company, LLC -- Analyst
Perfect. Thanks, guys.
Steve Oswald -- Chairman President, and Chief Executive Officer
Yup.
Operator
Next question is from Ken Herbert of Canaccord. Your line is now open.
Ken Herbert -- Canaccord Genuity -- Analyst
Hi. Good afternoon, Steve and Chris.
Steve Oswald -- Chairman President, and Chief Executive Officer
Ken, good afternoon.
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer, Controller, and Chief Accounting Officer
Ken.
Ken Herbert -- Canaccord Genuity -- Analyst
Steve, really nice quarter. I just wanted to first follow up on that last question. I mean, it seems like the free cash flow sort of clearly running down this year compared to last year. Is it fair to assume that a lot of that is really just maybe some inventory build or stretched payments? Or is there anything else unique on sort of working capital as we think about that? And then how do we think about that maybe in the fourth quarter or into 2020 and do you start to reverse and see a nice acceleration in the cash outlook?
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer, Controller, and Chief Accounting Officer
Yeah. I mean, Ken, this is Chris. So the year to date cash, we had sort of the one-time negative hit in the first part of the year related to the cash -- the bonus payments that were in the first half. So that put us a little back from where we would normal trend would be.
Q3 we got back sort of on pace and outdid last year's Q3. As we look to Q4, we're expecting -- it's usually our strongest cash quarter. We're looking for that to be the case as well. The impact of anything related to inventory slowdown with Boeing or anything else is called negligible.
And we're working through that and expect to finish a good Q4.
Steve Oswald -- Chairman President, and Chief Executive Officer
Yeah. We think it's gonna get better, Ken.
Ken Herbert -- Canaccord Genuity -- Analyst
OK. And to that point, I guess are you comfortable with maybe committing to a number on -- or sort of what is -- what do you think this business can generate in terms of a conversion basis or maybe some way we should think about -- I mean, you've got a great growth of the backlog. Obviously, you're translating this into revenues and the margins are phenomenal so I would imagine eventually the cash here starts to really catch up. So how should we think about that in terms of that opportunity?
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer, Controller, and Chief Accounting Officer
Yeah. No. I think that's fair. I mean, I think what we've said before is still in play which is our cash had outpaced our net income.
And we're sort of in that neighborhood a little south of it at the moment, but that'll be you know where we move through. We expect to move through here in Q4. And then going forward, again, we will pick up some additional leverage as we continue to be -- as the margins extend a little more.
Steve Oswald -- Chairman President, and Chief Executive Officer
And Ken, this is Steve. As we've talked about in the -- we mentioned in the call earlier that operational improvements and performance center strategy, Ducommun operating model, those type -- that's all going to help us on the inventory side as we go forward. OK?
Ken Herbert -- Canaccord Genuity -- Analyst
Yeah. Perfect. And appreciate incremental detail on Nobles. Is it fair to assume -- I mean, the deal closed I think the first week or so of the quarter or just around there.
Does this business had sort of four to five points of top-line growth in the quarter? Is that the right way to think about it?
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer, Controller, and Chief Accounting Officer
Yeah. I mean, I would say that -- in that range. I mean, it's in the -- it's somewhere in that range. But it's -- that's -- we're not going to give too much more detail but it's -- that's the neighborhood.
Ken Herbert -- Canaccord Genuity -- Analyst
OK. No. I can appreciate that. That's helpful in and of itself.
And just finally, Steve, really I mean Nobles looks like a great fit. Can you just maybe provide a little bit more color. You've only owned the business obviously now for less than a month. But how are the integrations going, how you view the team, and maybe where you see the opportunity or the top-line opportunity I guess for this business moving forward?
Steve Oswald -- Chairman President, and Chief Executive Officer
Sure. Sure. First of all, let's start with the team. We're thrilled with the team, the president and all his direct reports are staying and we want them to stay.
So like we had with LDS and we have with CTT. We're three to three now with the top five executives staying with us and being able to help us you know to create value as we go forward. So we're happy with that. Our other two integrations couldn't have went any better.
We're going to tell you the same plan. We bring a lot -- as I mentioned in the past, you bring a lot of experience. We use a lot of the UTC processes for integration and lots of things that we learned in past jobs you bring in here is very detailed. So we feel good about that.
The market is nice. It's certainly a nice niche market for us. It's defense. We like that.
Obviously, we think that going forward there's definitely top and bottom-line headroom. We'll have to see exactly what that looks like. But we certainly feel it's five to 10 at least next year obviously.
Ken Herbert -- Canaccord Genuity -- Analyst
All right. Well, thank -- thanks a lot. Great quarter.
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer, Controller, and Chief Accounting Officer
All right. Thanks, Ken. Appreciate it.
Operator
We have a question from [Inaudible] of B. Riley FBR. Your line is now open.
Unknown speaker
Hey, guys. Thanks for taking my question, and congrats on a solid quarter. Can you talk about some of the aftermarket opportunities now that you've acquired Nobles? And then are you seeing any opportunity to capture some land and sea platforms. I know you're here mostly in air platforms now.
But I know that Nobles has a lot of content in land and sea platforms. Do you see the opportunity to capture some business there?
Steve Oswald -- Chairman President, and Chief Executive Officer
Yeah. We do. Actually -- so we're in great shape with Nobles on air. We're really in fairly good shape as well on sea.
Our big opportunity is on the land. So we're busy at that. The team is busy with that. So I think that there's more to come as we go forward here with Nobles.
As far as the aftermarket, that's a goal of ours. We continue to work hard to develop that. We'll have more information as we move into the future on that.
Unknown speaker
Got it. Thank you. And now that you've completed the acquisition of Nobles, how would you characterize the current M&A pipeline with what you're looking at today?
Steve Oswald -- Chairman President, and Chief Executive Officer
Sure. Well, look, it's -- everything is very competitive as everybody knows in the business world. So we see that. But we also see that you know we think there's still a lot of opportunities ahead for us.
Obviously, though, we're -- this Nobles deal, we've spent a lot of time on it and we've studied it and we made sure that it was the right buy for us at the right price. So these things take time and nothing's really changed there. You'll just have to see. The pipeline has been pretty good.
Unknown speaker
Got it. OK. And then just turning to Raytheon. I mean, I know you've previously talked about capturing some structures business with Raytheon.
I just want to see if there's any progress on that front.
Steve Oswald -- Chairman President, and Chief Executive Officer
There is progress but we're working with Raytheon. As I've mentioned in the last call, we're thrilled to be the first RMS, that is the first supplier they signed up for this strategic program. We're busy working with their teams. We'll have more information in future calls on the structure side.
Unknown speaker
Got it. Thank you. I'll pass it on.
Steve Oswald -- Chairman President, and Chief Executive Officer
OK. Great. Thanks.
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer, Controller, and Chief Accounting Officer
Thank you, [Inaudible].
Operator
[Operator instructions] We have a question from Michael Ciarmoli of SunTrust. Your line is now open.
Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst
Good evening, guys. Thanks for taking the question. Nice quarter.
Steve Oswald -- Chairman President, and Chief Executive Officer
Hi, Michael.
Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst
Just looking at sort of your longer-term growth projections, still 5 to 7% I guess through your CAGR and arrow. Can you maybe just talk about what that's dependent on? I mean, does that -- is that contingent on the 37 getting up to 57? Does it -- we obviously saw that the 787 is taking a step down. I mean, it doesn't look like there's a lot of growth in terms of production rates. So is it going to be more market share and content expansion for you guys?
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer, Controller, and Chief Accounting Officer
I think it's -- it is that. I mean, obviously, as I mentioned on my remarks, I mean, this Airbus relationship is still fairly new to Ducommun. So it's still early innings. We're doing I think some really great work for them on the 320 and some other programs.
So I'm pretty comfortable right now with where we're going. And for Airbus, obviously was not in the P&L three or four years. I think it's gonna really help us get through our goals in the next three years.
Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst
Got it. And then just on the -- back to the electronic margins. I'm assuming this was mix as well. But even on a sequential basis, you had a dip there from the second quarter, 11 1 to 10 7 on the higher revenue.
Was that entirely due to the product mix in the quarter?
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer, Controller, and Chief Accounting Officer
Yeah. No, that -- it was. It was, Michael. It was mixed between last year -- compared to last year, we popped a mix that was the more favorable for where we're at during the year.
This year, it's sort of the opposite. But having said that, we anticipate that segment bouncing back.
Steve Oswald -- Chairman President, and Chief Executive Officer
We do. [Inaudible] about next year with that too. So yeah.
Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst
Got it. And then just last one. Nobles, I think you mentioned the aftermarket. You disclosed I think how much was international.
Did you -- would you be willing to disclose how much of the revenues are coming from the aftermarket and even maybe -- I'm assuming this new revenue stream would be accretive for the margins. Is that a reasonable assessment?
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer, Controller, and Chief Accounting Officer
I would say no and yes. Yes, that's right. How's that? I'll give you that.
Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst
All right. That works.
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer, Controller, and Chief Accounting Officer
There you go.
Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst
All right. Thanks, guys. I'll jump back in the queue.
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer, Controller, and Chief Accounting Officer
All right, Mike. Thanks a lot. Appreciate it. OK, operator --
Operator
Yes, sir. At this time, there are no further questions. Thank you. I will get a call from Mr.
Steve Oswald for any closing remarks.
Steve Oswald -- Chairman President, and Chief Executive Officer
OK. Let me just wrap up. Again, I wanna thank everybody for joining us today. I just wanna again mention, we feel great about where we are.
We feel we're gonna get a strong year behind us, closing it up in December. And we feel very good about 2020. I wanna just also take this time to thank my team, my leadership, and everybody else in Ducommun, as well as our supply chain partners. Everybody's really pulling together now.
We're looking forward to great things ahead. So I'll leave it there. Thank you again to our shareholders for your support and trust. Have a great evening.
Operator
[Operator signoff]
Duration: 38 minutes
Call participants:
Chris Witty -- Investor Relations
Steve Oswald -- Chairman President, and Chief Executive Officer
Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer, Controller, and Chief Accounting Officer
Edward Marshall -- Sidoti and Company, LLC -- Analyst
Ken Herbert -- Canaccord Genuity -- Analyst
Unknown speaker
Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ducommun (NYSE: DCO) Q3 2019 Earnings Call Oct 30, 2019, 5:00 p.m. Operator [Operator signoff] Duration: 38 minutes Call participants: Chris Witty -- Investor Relations Steve Oswald -- Chairman President, and Chief Executive Officer Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer, Controller, and Chief Accounting Officer Edward Marshall -- Sidoti and Company, LLC -- Analyst Ken Herbert -- Canaccord Genuity -- Analyst Unknown speaker Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst More DCO analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Nobles is just the latest transaction that accomplishes the strategy I have discussed in the past to acquire proprietary engineering product companies with intellectual property for our market-leading with aftermarket support and future growth opportunities. | Operator [Operator signoff] Duration: 38 minutes Call participants: Chris Witty -- Investor Relations Steve Oswald -- Chairman President, and Chief Executive Officer Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer, Controller, and Chief Accounting Officer Edward Marshall -- Sidoti and Company, LLC -- Analyst Ken Herbert -- Canaccord Genuity -- Analyst Unknown speaker Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst More DCO analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Ducommun (NYSE: DCO) Q3 2019 Earnings Call Oct 30, 2019, 5:00 p.m. With me today are Steve Oswald, chairman president, and CEO; and Chris Wampler, vice president, interim chief financial officer, and treasurer, controller, and chief accounting officer. | Operator [Operator signoff] Duration: 38 minutes Call participants: Chris Witty -- Investor Relations Steve Oswald -- Chairman President, and Chief Executive Officer Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer, Controller, and Chief Accounting Officer Edward Marshall -- Sidoti and Company, LLC -- Analyst Ken Herbert -- Canaccord Genuity -- Analyst Unknown speaker Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst More DCO analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Ducommun (NYSE: DCO) Q3 2019 Earnings Call Oct 30, 2019, 5:00 p.m. Ducommun's revenue for the third quarter also grew at 13% year over year to 181 million driven by increased shipments on large, narrow-body aircraft platforms, including the Boeing 737 Max, and the Airbus A320 family, and our defense businesses. | Operator [Operator signoff] Duration: 38 minutes Call participants: Chris Witty -- Investor Relations Steve Oswald -- Chairman President, and Chief Executive Officer Chris Wampler -- Vice President, Interim Chief Financial Officer, and Treasurer, Controller, and Chief Accounting Officer Edward Marshall -- Sidoti and Company, LLC -- Analyst Ken Herbert -- Canaccord Genuity -- Analyst Unknown speaker Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst More DCO analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Ducommun (NYSE: DCO) Q3 2019 Earnings Call Oct 30, 2019, 5:00 p.m. Ducommun's revenue for the third quarter also grew at 13% year over year to 181 million driven by increased shipments on large, narrow-body aircraft platforms, including the Boeing 737 Max, and the Airbus A320 family, and our defense businesses. | 185f394c-c571-48b0-97bb-0cbcc61946ae |
710182.0 | 2019-08-06 00:00:00 UTC | Tuesday Sector Leaders: Education & Training Services, Aerospace & Defense Stocks | DCO | https://www.nasdaq.com/articles/tuesday-sector-leaders%3A-education-training-services-aerospace-defense-stocks-2019-08-06 | nan | nan | In trading on Tuesday, education & training services shares were relative leaders, up on the day by about 2.4%. Leading the group were shares of Aspen Group (ASPU), up about 10.9% and shares of American Public Education (APEI) up about 4.1% on the day.
Also showing relative strength are aerospace & defense shares, up on the day by about 2.3% as a group, led by Ducommun (DCO), trading higher by about 21.7% and Transdigm Group (TDG), trading up by about 14.3% on Tuesday.
VIDEO: Tuesday Sector Leaders: Education & Training Services, Aerospace & Defense Stocks
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are aerospace & defense shares, up on the day by about 2.3% as a group, led by Ducommun (DCO), trading higher by about 21.7% and Transdigm Group (TDG), trading up by about 14.3% on Tuesday. In trading on Tuesday, education & training services shares were relative leaders, up on the day by about 2.4%. VIDEO: Tuesday Sector Leaders: Education & Training Services, Aerospace & Defense Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are aerospace & defense shares, up on the day by about 2.3% as a group, led by Ducommun (DCO), trading higher by about 21.7% and Transdigm Group (TDG), trading up by about 14.3% on Tuesday. In trading on Tuesday, education & training services shares were relative leaders, up on the day by about 2.4%. VIDEO: Tuesday Sector Leaders: Education & Training Services, Aerospace & Defense Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are aerospace & defense shares, up on the day by about 2.3% as a group, led by Ducommun (DCO), trading higher by about 21.7% and Transdigm Group (TDG), trading up by about 14.3% on Tuesday. Leading the group were shares of Aspen Group (ASPU), up about 10.9% and shares of American Public Education (APEI) up about 4.1% on the day. VIDEO: Tuesday Sector Leaders: Education & Training Services, Aerospace & Defense Stocks The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Also showing relative strength are aerospace & defense shares, up on the day by about 2.3% as a group, led by Ducommun (DCO), trading higher by about 21.7% and Transdigm Group (TDG), trading up by about 14.3% on Tuesday. In trading on Tuesday, education & training services shares were relative leaders, up on the day by about 2.4%. Leading the group were shares of Aspen Group (ASPU), up about 10.9% and shares of American Public Education (APEI) up about 4.1% on the day. | 5dfa6474-e80c-4139-b9f4-480418be5a50 |
710183.0 | 2019-08-05 00:00:00 UTC | Ducommun (DCO) Q2 2019 Earnings Call Transcript | DCO | https://www.nasdaq.com/articles/ducommun-dco-q2-2019-earnings-call-transcript-2019-08-06 | nan | nan | Image source: The Motley Fool.
Ducommun (NYSE: DCO)
Q2 2019 Earnings Call
Aug 05, 2019, 5:00 p.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good afternoon, ladies and gentlemen, and welcome to the Ducommun's second-quarterearnings conference call [Operator instructions] As a reminder, this conference call is being recorded. I would now like to turn the conference over to your host, Mr. Chris Witty, you may begin.
Chris Witty -- Investor Relations Contact
Thank you, and welcome to Ducommun's 2019 second-quarter conference call. With me today are Steve Oswald, chairman, president, and CEO; and Chris Wampler, vice president, interim chief financial officer and treasurer, controller and chief accounting officer. I'm going to discuss certain limitations to any forward-looking statements regarding future events, projections or performance that we may make during the prepared remarks or the Q&A session that follows. Certain statements today that are not historical facts, including any statements as to future market conditions, results of operations and financial projections are forward-looking statements under the Federal Private Securities Litigation Reform Act of 1995, and therefore, our perspective.
These forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from the future results expressed or implied by such forward-looking statements. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. In addition, estimates of future operating results are based on the company's current business, which is subject to change. Particular risks facing Ducommun include, among others, the cyclicality of our end-use markets, the level of U.S.
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government defense spending, legal and regulatory risks, management changes, the cost of expansion acquisitions and competitions. These risks and others are described in our annual report on Form 10-K filed with the SEC, and our forward-looking statements are subject to those risks. Statements made during this call are only as of the time made, and we do not intend to update any statements made in this presentation or call, except if and as required by regulatory authorities. This call also includes non-GAAP financial measures.
Please refer to our filings with the SEC for a reconciliation of non-GAAP measures referenced on this call to the most similar GAAP measures. We filed our Form 10-Q with the SEC today, and you will find a link to all our filings on the company's website under the Investor Relations tab. I would now like to turn the call over to Mr. Steve Oswald for a review of the operating results.
Steve?
Steve Oswald -- Chairman, President, and Chief Executive Officer
Thank you, Chris, and thanks, everyone who is joining us today for our second-quarter conference call. As usual, I'll begin by providing an update on recent developments of the company. After which, Chris Wampler, our interim CFO, will review our financial results in detail. Second quarter was another one of accomplishment for Ducommun as we continue to benefit from strong business execution, growth on key platforms, a diversified customer base and robust product demand.
Revenue grew an impressive 16.6% year over year to $180.5 million, driven by higher shipments across a variety of large narrow-body platforms, such as the Boeing 737 MAX, Airbus A320 family, as well as JSF, Raytheon Missile platforms and the Apache helicopter program. Revenue related to the 737 MAX rose at a substantially higher rate year over year, reflecting the current build rates of 52 per month at Spirit Aerosystems and 42 per month at Boeing. While Boeing works to address the 737 MAX situation, we continue to communicate with them and are operationally ready to increase production if and when required. For Ducommun, with strong momentum in revenue and backlog across a variety of amount of customers, we do not expect any material issues to our top line view of 7% to 9% growth across our commercial aerospace and military platforms for the rest of 2019.
For the second quarter, operating income was substantially increased on an adjusted basis by 23.7% from the prior year. Gross margins also rose again this quarter to 21.1%, compared to 20.7% last year, while Ducommun's operating margin was significantly higher by 390 basis points year over year to 7.5%. We posted as well $22.4 million adjusted EBITDA for the quarter, an increase of nearly 20% over the comparable period in 2018. This performance is driven by our structures segment due to higher overall production rates, scale and the many actions we've taken in the past to streamline the business.
The electronic segment's segment margins were equal to the prior year. We ended the quarter with a backlog of $853 million, a decrease from the first quarter, primarily reflecting some order timing. Our backlog remains near-record levels for the company, underscoring our unique manufacturing services and technologies, engineered products and strong customer relations, both at the OEM and at the first-tier level. The team at Ducommun was also delighted with the announcement last week of our newly signed strategic supplier agreement with Raytheon Missile Systems.
Being the first supplier to be selected by RMS for this initiative is an honor and a great step forward for a stronger relationship and higher revenue opportunities for the company in the future. This partnership will allow us to collaborate and compete on every RMS platform, either new or existing, and that includes structural components, which will be a key growth area for the strategic customer in 2019 and subsequent years. We also very much appreciate the recognition of our Monrovia, California Performance Center being selected in July as the 2019 Raytheon Supplier Excellence Premier Award winner. This is our first major customer award for the company since 2017.
We had very good activity too, at the Paris Air Show, and saw both interest and enthusiasm for our products and services across the board. The show is always great to be with customers, discuss future growth initiatives and highlight our technology and value. During the show, we announced that the company was on track with its $200 million contract to supply Middle River Aerostructure Systems with LEAP engine nacelle components for the Airbus A320 platform, using our proprietary VersaCore Composite process technology. This is a great development, and the Ducommun team is working hard at our Guaymas, Mexico facility to deliver on this important opportunity.
Now let me provide some additional color on our end markets, products and programs. Beginning with our military and space sector, we posted second quarter revenue of $77.2 million, up nearly 10% over 2018, reflecting stronger sales across a number of missile and defense programs. We saw a substantial growth in electronics for the Patriot missile; the Joint Standoff Weapon, or JSOW; the Chinook; Joint Strike Fighter; and F-15, along with various other applications for Raytheon and L3. Given the recently passed federal budget outline for fiscal 2020, the market for military spending remains very strong.
And Ducommun plays a key role on many of the most important defense programs. We ended the quarter with military and space backlog of approximately $366 million, which is close to record levels. Within our commercial aerospace operations, second quarter sales rose nearly 30% year over year to $92 million. The growth was primarily fueled by large fixed-wing narrow-body aircraft such as the Boeing 737, Airbus A320 family and new Gulfstream models.
Our A320 business grew substantially year over year, and mostly all our Boeing platforms, including not only the 37, but 787, 777 and 767, all rose double digit as well. We also posted significantly higher sales to Gulfstream this quarter as the OEM ramps up production on these new models. In summary, our large fixed-wing business is seeing excellent growth, clearly highlighting the key platforms that we serve, the value we provide, the overall market conditions and continued operational improvement at the company. The backlog within our commercial aerospace sector stood at roughly $433 million at the end of the quarter, again, near record levels.
We continue to be optimistic about the outlook for this part of our business, as well as the military market. With that, I'll have Chris review our financial results in detail. Chris?
Chris Wampler -- Vice President, Interim Chief Financial Officer and Treasurer, Controller and Chief Accounting Officer
Thank you, Steve, and good day, everyone. As a reminder, please see the company's filings and today's press release for a further description of matters under discussion during the call. I'll begin with details of our overall results. Revenue for the second quarter of 2019 was $180.5 million versus $154.8 million in the second quarter of 2018.
This performance includes $20.1 million of higher revenue with our commercial aerospace customers due to increased shipments for key narrowbody platforms such as the Boeing 737 and Airbus A320, as Steve mentioned, and $6.9 million of greater sales in the military and space sector, primarily reflecting strong demand for various military programs. Ducommun's overall backlog was approximately $853 million as of June 29, down from last quarter's record amount. As a reminder, the company defines backlog as potential revenue and is based on the customer placed purchase orders and long-term agreements with firm fixed prices and expected delivery dates of 24 months or less. Moving to gross profit.
Our gross margin was 21.1% in the second quarter versus 20.7% in the prior year's comparable period. The increase year over year was primarily due to favorable manufacturing volumes and favorable product mix, along with many streamlining measures taken last year, as previously discussed. SG&A was $24.5 million in the second quarter versus $21.2 million in 2018, with the increase primarily reflecting onetime severance charges and higher compensation of benefit costs. The company reported operating income for the second quarter of $13.6 million or 7.5% of revenue, compared to $5.6 million or 3.6% of revenue in the prior-year period.
The year-over-year improvement was due to higher revenue and gross profit, as well as the impact of $5.4 million in lower restructuring charges partially offset by higher SG&A expense. On an adjusted basis in the second quarter of 2018, operating income was $11.0 million or 7.1% of sales. The increase in the second quarter of 2019 operating income versus 2018 adjusted operating income was $2.6 million, which is an increase of 23.7%. Interest expense was $4.4 million in the second quarter of 2019 versus $3.8 million last year due to greater utilization of our credit facility for the Certified Thermoplastics acquisition in April 2018, along with higher interest rates.
The company reported net income for the second quarter of $7.8 million or $0.66 per diluted share, compared to net income of $1.6 million or $0.14 per diluted share for the second quarter of 2018. The year-over-year increase was primarily due to $6 million of higher gross profit. Restructuring charges were also lower year over year by $5.4 million, partially offset by $3.3 million of higher SG&A, $0.7 million of increased interest expense and greater income taxes of $1.1 million. On an adjusted basis in the second quarter of 2018, net income was $6.4 million or $0.55 per diluted share.
The increase in the second-quarter 2019 net income versus 2018 adjusted net income was $1.5 million, which is an increase of 23.1%. Adjusted EBITDA for the second quarter of 2019 was $22.4 million or 12.4% of revenue, compared to $18.7 million or 12.1% of revenue for the comparable period in 2018, an increase of nearly 20%. Now let me turn to our segment results. Our electronic systems segment posted revenue of $89.3 million in the second quarter of 2019 versus $84.5 million in the prior-year period.
These results reflect a $5.9 million increase in sales to our military and space customers, slightly offset by lower revenue within our industrial end-use markets. Commercial aerospace shipments were relatively flat year over year. Electronic systems posted operating income for the second quarter of $9.9 million or 11.1% of revenue versus $8.7 million or 10.3% of revenue in the prior-year period. Excluding restructuring charges last year, Electronic's adjusted operating margin was also 11.1% for the 2018 second quarter.
Our structural systems segment posted revenue of $91.2 million in the second quarter of 2019 versus $70.3 million last year. The year-over-year increase was due to $20 million of higher sales across our commercial aerospace applications, particularly large airframe single-aisle platforms, and a slight increase in revenue within the company's military and space markets. Structural systems posted operating income for the quarter of $11.8 million or 12.9% of revenue, compared to $5 million or 7.1% of revenue last year. Excluding restructuring charges and inventory purchase accounting adjustments, Structural's adjusted operating margin was 12.7% for the 2018 second quarter.
Corporate general and administrative expenses, CG&A. CG&A expense for the second quarter of both 2019 and 2018 was roughly $8.1 million or 4.5% and 5.2% of revenue, respectively, for each year. The year-over-year results reflect the absence of $1.1 million in restructuring charges that were incurred in the second quarter of 2018 and the lower professional services fees of $1 million in 2019, partially offset by one-time severance charges of $1.7 million. Turning to liquidity and capital resources, we generated $9.8 million of cash from operations in the second quarter of 2019, compared with $15.9 million during the second quarter of 2018.
The decline year over year was primarily due to an increase in working capital investment to support growth, partially offset by higher net income. We expect more typical cash flow patterns for the remainder of 2019 and, excluding any unforeseen acquisitions, anticipate using cash to further reduce the company's leverage this year. In terms of capital expenditures, we spent $5.9 million during the second quarter and expect to spend approximately $16 million to $18 million during 2019 in total to support new program wins. We're once again proud of our quarterly performance, which puts us on track for solid results in the second half.
I'll now turn it back over to Steve for his closing remarks. Steve?
Steve Oswald -- Chairman, President, and Chief Executive Officer
OK. Thanks, Chris. OK. So looking to the rest of the year, as mentioned earlier, we continue to be optimistic about our revenue growth, our solid margins and backlog.
I believe the company is in very good shape with strong momentum. So always like to see in both revenue and earnings. Ducommun's innovative technology and the value we provide, along with our strong relationships, as I mentioned earlier with Boeing, Raytheon, Airbus, Gulfstream and many others in aerospace and defense, I think has positioned us well now and in the years ahead. Before we go to questions, I do want to also mention that August is the month we recognize the founding of Ducommun, and we are very happy to be celebrating the 170th year of the company, which started in 1849 in California.
Ducommun is proud to be recognized as the oldest company in the state. We look forward to many great years and decades ahead. So with that, operator, we'll now open up the call for questions. Thank you.
Questions & Answers:
Operator
[Operator instructions] We have your first question coming from Edward Marshall with Sidoti and Company.
Edward Marshall -- Sidoti and Company, LLC -- Analyst
Hey, good afternoon, guys. How are you?
Steve Oswald -- Chairman, President, and Chief Executive Officer
Good afternoon. And you?
Edward Marshall -- Sidoti and Company, LLC -- Analyst
Good. So I can see you had some pretty good color on the 737 MAX, you talked about no material issues for the balance of 2019. And as I look through the platform, you talked about your key customer there. There seem to be some rationalization of costs on their 2Q call that they talked about.
What are your contingency plans in the event that production continues to weigh in here or, at the worst-case scenario, does stop briefly? And then ultimately, when you look at the platform, longer term, how do you think about the growth rate there? I imagine it eventually gets flattened out for a while before it reaccelerates?
Steve Oswald -- Chairman, President, and Chief Executive Officer
Yes. Sure. No problem. So first, look, we're obviously locked in with Spirit pretty much half of our volume at 52 and then, as I mentioned, Boeing at 42.
And the one nice thing about Ducommun is, I think we're the right size to be really nimble if we do have to make some changes if there is anything that's going to be happening down the road. We certainly are ready to -- we're very close to Boeing. And as I mentioned earlier, we're very close to the situation. And we're certainly hopeful, but we'll be ready if we have to make some changes, the one way or the other.
As far as the platform, the nice thing about us that, I mean, just talking about structures in general, is if we're getting fairly more -- we're getting more diversified as we go, OK. So we might see some flattening if the MAX takes a little more time, and we might have a little bit of a lift there. But we -- we're -- we've got a really good growing business at Airbus. We have the Gulfstream business, we -- down the road, we're going to hopefully pick up some structures business at Raytheon.
So I think we've got a lot of diversification that I think is going to help.
Edward Marshall -- Sidoti and Company, LLC -- Analyst
OK. With that in context, if you look at that 7% to 9% rate that you're looking at for commercial and within structures, do you think as we move into 2020 without a rate increase, you could see that on the lower end? Or would it fall short of that range?
Steve Oswald -- Chairman, President, and Chief Executive Officer
We feel -- like I said, very confident about 7% to 9%. As usual, when we think about our following year, right now, we're mid-single.
Edward Marshall -- Sidoti and Company, LLC -- Analyst
I understand. OK. And then if you think about -- if I look at the incremental margins within structures, they've been running in the 30s to 40s on the OI side. Dropped down to 22% in this particular quarter.
I'm wondering has the majority of the increases kind of passed? Or what are the next levers that you're seeing on the margin side? I mean, obviously, you had a very good margin quarter, and the comps are starting to get tougher and tougher. So can you talk about maybe what's left in the tank, and what levers you can pull without kind of thinking about acquisitions and what that might bring to the business overall?
Steve Oswald -- Chairman, President, and Chief Executive Officer
Yes. No. There's a couple of things, I think. First off, we are still on the journey with all the different facilities of fine-tuning and finding incremental improvements within.
So as some of these newer platforms are taking hold, some that we've been building up over the last several quarters, a couple more that we're taking up to rate over the next few quarters, that's going to continue to be a little bit of a lift there. And then again, you mentioned the volume impact, too, is going to be another key piece of the puzzle. So it's all that against sort of the item that Steve alluded to, with 737s. So that's why we feel comfortable with sort of how we're operating now and continuing just to make inroads as we move forward.
Edward Marshall -- Sidoti and Company, LLC -- Analyst
Got it. Got it. And then finally, I guess, when -- it would be silly of us not to talk about Raytheon. It sounds like -- can you talk about the frame-up? It sounds like to me this is a -- the opportunity to kind of bid on new business? Or does it come with extra content on existing programs or new programs, kind of, maybe elaborate just a little bit.
Steve Oswald -- Chairman, President, and Chief Executive Officer
Yes. I think it's all of the above, I think. One thing to make note of is we were the first ones they signed. Right? So they get lots of -- RMS is, what, an $8 billion or $10 billion revenue company.
So we're really proud of that that we're the first ones out of the gate. It's got to be for new. It's got to be for existing. It's their whole portfolio, we're excited because we do pretty heavy things with them in electronics, but there's new opportunities to open up some structures business, we hope.
Right? And so working on that for some of the SM missiles, standard missiles. So more to come there.
Edward Marshall -- Sidoti and Company, LLC -- Analyst
Great. Thanks, guys. Appreciate it.
Steve Oswald -- Chairman, President, and Chief Executive Officer
OK. Thank you.
Operator
We have your next question coming from Mike Crawford with B. Riley.
Mike Crawford -- B. Riley FBR -- Analyst
Thanks. Stephen, you talked about hopefully picking up some structures business with Raytheon. Can you -- would that be VersaCore primarily? And also, could you just maybe differentiate what you've been doing with the mix of electronics versus structures with Raytheon today versus what it might be in the future?
Steve Oswald -- Chairman, President, and Chief Executive Officer
Yes. So because it something that -- let me get to the second one, first. Pretty much on the structure side, Raytheon is pretty much zero. So looking back, it's really, really no action there.
It's mostly all circuit cards, connectors, boxes, that type of thing. So we're excited about that. It could very well be VersaCore. We do a lot of work up in New York and Kentucky on things and kind of have different blendings of metals and that type of thing.
So we think that we're in pretty good shape there going forward. And hopefully, we're going to build some of that business.
Mike Crawford -- B. Riley FBR -- Analyst
OK. And then VersaCore, the revenues to date from that product have been about how much? And maybe if you could just gauge what level of revenue you think you might see from that this year versus next year into the future.
Chris Wampler -- Vice President, Interim Chief Financial Officer and Treasurer, Controller and Chief Accounting Officer
Yes. So we're -- this is sort of top level on rough, but we're running for that program, or the VersaCore, right around $5 million this year. And that's going to roughly double next year. And then so we've -- we had, I think we got some nice things setting up for 2020, Mike.
Mike Crawford -- B. Riley FBR -- Analyst
OK. Great. And then last question is, I know you had the favorable manufacturing mix on the healthy gross margin this quarter. But based on general outlook and assuming that the 737 MAX kind of resolves itself in the next six months, how much variance would you expect around that gross margin number quarter to quarter?
Chris Wampler -- Vice President, Interim Chief Financial Officer and Treasurer, Controller and Chief Accounting Officer
Yes. No, Mike. So as we move, as I mentioned, as we move forward, I mean, I think it'll continue to strengthen, but no huge step function. It's going to be continued work in making each location a little better.
And again, getting some of the goodness that happens with the increase -- with the increased volume. So we're expecting over a longer period to be able to keep it moving in the right direction. But as we work through the second half of this year, we expect, we were running at a pretty strong level. We had our highest compare to prior year in Q2, and we build upon that compare, and we're looking to do that or more in the next couple of quarters.
Mike Crawford -- B. Riley FBR -- Analyst
Well, Chris, just, let me just continue on that. Because the gross margin's higher than we've had in our model, and yet, maybe if you had maybe a less favorable manufacturing mix, like how much might -- how many basis points is it like? Are we talking like a hundred or a few hundred that it could actually dip down the other way with respectable mix?
Chris Wampler -- Vice President, Interim Chief Financial Officer and Treasurer, Controller and Chief Accounting Officer
Oh, yes. No. Yes, I mean, if things to go against us, I think we're talking a range now of sort of 100 --
Steve Oswald -- Chairman, President, and Chief Executive Officer
And Mike, I think that --
Chris Wampler -- Vice President, Interim Chief Financial Officer and Treasurer, Controller and Chief Accounting Officer
We're moving in the right direction.
Steve Oswald -- Chairman, President, and Chief Executive Officer
Mike, I think it's minimal. I think to be honest with you, I see more runway in the future for structures' margin, so let's say at this point.
Mike Crawford -- B. Riley FBR -- Analyst
Awesome. Thank you.
Steve Oswald -- Chairman, President, and Chief Executive Officer
Thanks.
Operator
And we have your next question coming from Michael Ciarmoli with SunTrust.
Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst
Hey, good evening, guys. Thanks for taking the question.
Steve Oswald -- Chairman, President, and Chief Executive Officer
Sure.
Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst
Steve, just on the Raytheon supplier agreement. Can you give maybe a little bit more? I mean, obviously, you've been a big supplier to them. But was there more of a push sort of with the DoD looking to shore up their defense electronic supply chains and go all domestic? Was that a factor in anything behind the supplier agreement?
Steve Oswald -- Chairman, President, and Chief Executive Officer
Yes. It's a real good question. I just -- I can't answer that. I feel like what my view would be is that Raytheon is really looking to get to the next level with suppliers and they're looking to find people they can work with that can really provide value, but also provide a big-time portfolio, right, to help them get to the next level.
Can't give you any insight at the DoD.
Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst
Got it. What about -- even with -- in the context of Raytheon. Maybe this -- there's definitely some scrutiny around this merger with United Technologies. I mean, how do you guys view that? Because certainly, I think the perception is there's not going to be a lot of internal synergies.
I mean, optically, does it create more opportunities for you? I mean, I'm sure it's probably still very early, but what are the initial thoughts there?
Steve Oswald -- Chairman, President, and Chief Executive Officer
Yes. I think -- look, it's early in the game. As you know, it won't close until next year. And obviously, top 10, it will be with the company, right, for a while too, on the defense side.
But I would say this, I would say that we do have Raytheon, we do have Collins Aerospace. So I feel like, over the long term, we're hopeful. That's what I would say at this point.
Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst
OK. And then structural, just back to the margins, the 12.9% operating margins. I think, certainly, a multiyear high there. Hard to tell.
I mean, MAX, if you don't get any increased volume, or if you stay at these lower levels, I mean, do you think you can hold these margins here? I mean, certainly, it sounds like one of your big customers, Spirit, looks like they're going to be staying at 52 all of next year regardless. Not sure what's going to change on the Boeing side from what they complete at. But how are you guys thinking about the maybe the sensitivity on margins, given some of these unknowns on the MAX?
Chris Wampler -- Vice President, Interim Chief Financial Officer and Treasurer, Controller and Chief Accounting Officer
Yes. No. With just alluding back to what Steve said earlier in the call, I mean, our size and the number of various products that we have sort of in play that we can move around and sort of make work for our model in a given facility in a given month, gives us a lot of ability, I think, to manage through. It's on to one quarter sort of with this uncertainty, we've managed through in a pretty strong fashion.
We look forward to the next couple of quarters and feel like we've got our -- we've got ability to manage through again to any ebb and flow that sort of comes through from them.
Steve Oswald -- Chairman, President, and Chief Executive Officer
And I won't know -- this is Steve. I also say, look, we're also, as I mentioned in the calls in the past, in the last couple of years, are really starting to build our business with Airbus. We got the G500, G600 going up. OK? We've got -- believe it or not, we've got 767 business, 87 business, 777s, everything.
Obviously, we have concerns in this variability, possibly with the 37. But Spirit's half the book, and now we got these other platforms. So we -- overall, we feel good, Mike.
Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst
Got it. Perfect. Thanks a lot, guys. Good evening.
Operator
Thank you. [Operator instructions] Your next question comes from Austin Moore [Sp] with Canaccord Genuity. Your line is now open.
Unknown speaker
Hi, guys. This is Austin on for Ken. So I just wanted to expand a little more on the -- your relationship with Raytheon. And I -- so I was wondering what the growth profile looks for you guys in missile markets? And more specifically, missile defense sales, given your work and content on the standard missile.
And what that that growth profile looks like over the next few quarters for you guys?
Steve Oswald -- Chairman, President, and Chief Executive Officer
Yeah. Look, we feel good about it. Obviously, there's a component of Raytheon which is FMS. Right? So it's -- there is some opportunistic business that runs through RMS.
And -- but if you look at their recent performance, their bookings, we're happy that we're going to continue to grow with Raytheon. Obviously, this agreement is going to, think be great for us because it's not only going to tie the teams together in a sort of working format, it's also going to tie myself and the leadership at RMS as far as how we're going to grow the business. So as far as numbers, I'd say, it's certainly -- it's got to be high single as we move forward.
Unknown speaker
And so you guys have content on the standard missile and Aegis, do you also have any content on other missile defense systems like FAD or Patriot or just specifically standard and Aegis?
Steve Oswald -- Chairman, President, and Chief Executive Officer
No. We absolutely have business on -- we have business on the Patriot, Big, we have Paveway, which is not a missile defense program, but it's a big Raytheon program, JSOW and we're working on many, many others.
Unknown speaker
Great. Thank you.
Steve Oswald -- Chairman, President, and Chief Executive Officer
Hey, thanks for joining us. Awesome.
Operator
Thank you. I am showing no further questions at this time. I would now like to turn the conference back to Mr. Steve Oswald for any closing remarks.
Steve Oswald -- Chairman, President, and Chief Executive Officer
OK. Thank you very much. I want to thank everybody for joining us today. Thank you for your questions, too.
I think, overall, we're still early innings on our journey here, but certainly pleased with the quarter. I think one thing to take note of, obviously, we've worked hard on lots of things in the last maybe four, five, six quarters that are really coming through on the margin side, but the thing that really is encouraging is our growth on the top line. I think that says a lot about our position, where we are, and hopefully I'm confident where we're going. So I'll leave it with that.
Again, thank you very much, and have a good rest of the day or evening.
Operator
[Operator signoff]
Duration: 35 minutes
Call participants:
Chris Witty -- Investor Relations Contact
Steve Oswald -- Chairman, President, and Chief Executive Officer
Chris Wampler -- Vice President, Interim Chief Financial Officer and Treasurer, Controller and Chief Accounting Officer
Edward Marshall -- Sidoti and Company, LLC -- Analyst
Mike Crawford -- B. Riley FBR -- Analyst
Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst
Unknown speaker
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ducommun (NYSE: DCO) Q2 2019 Earnings Call Aug 05, 2019, 5:00 p.m. Operator [Operator signoff] Duration: 35 minutes Call participants: Chris Witty -- Investor Relations Contact Steve Oswald -- Chairman, President, and Chief Executive Officer Chris Wampler -- Vice President, Interim Chief Financial Officer and Treasurer, Controller and Chief Accounting Officer Edward Marshall -- Sidoti and Company, LLC -- Analyst Mike Crawford -- B. Riley FBR -- Analyst Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst Unknown speaker More DCO analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. For Ducommun, with strong momentum in revenue and backlog across a variety of amount of customers, we do not expect any material issues to our top line view of 7% to 9% growth across our commercial aerospace and military platforms for the rest of 2019. | Operator [Operator signoff] Duration: 35 minutes Call participants: Chris Witty -- Investor Relations Contact Steve Oswald -- Chairman, President, and Chief Executive Officer Chris Wampler -- Vice President, Interim Chief Financial Officer and Treasurer, Controller and Chief Accounting Officer Edward Marshall -- Sidoti and Company, LLC -- Analyst Mike Crawford -- B. Riley FBR -- Analyst Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst Unknown speaker More DCO analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Ducommun (NYSE: DCO) Q2 2019 Earnings Call Aug 05, 2019, 5:00 p.m. This performance includes $20.1 million of higher revenue with our commercial aerospace customers due to increased shipments for key narrowbody platforms such as the Boeing 737 and Airbus A320, as Steve mentioned, and $6.9 million of greater sales in the military and space sector, primarily reflecting strong demand for various military programs. | Operator [Operator signoff] Duration: 35 minutes Call participants: Chris Witty -- Investor Relations Contact Steve Oswald -- Chairman, President, and Chief Executive Officer Chris Wampler -- Vice President, Interim Chief Financial Officer and Treasurer, Controller and Chief Accounting Officer Edward Marshall -- Sidoti and Company, LLC -- Analyst Mike Crawford -- B. Riley FBR -- Analyst Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst Unknown speaker More DCO analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Ducommun (NYSE: DCO) Q2 2019 Earnings Call Aug 05, 2019, 5:00 p.m. Restructuring charges were also lower year over year by $5.4 million, partially offset by $3.3 million of higher SG&A, $0.7 million of increased interest expense and greater income taxes of $1.1 million. | Operator [Operator signoff] Duration: 35 minutes Call participants: Chris Witty -- Investor Relations Contact Steve Oswald -- Chairman, President, and Chief Executive Officer Chris Wampler -- Vice President, Interim Chief Financial Officer and Treasurer, Controller and Chief Accounting Officer Edward Marshall -- Sidoti and Company, LLC -- Analyst Mike Crawford -- B. Riley FBR -- Analyst Michael Ciarmoli -- SunTrust Robinson Humphrey -- Analyst Unknown speaker More DCO analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Ducommun (NYSE: DCO) Q2 2019 Earnings Call Aug 05, 2019, 5:00 p.m. Gross margins also rose again this quarter to 21.1%, compared to 20.7% last year, while Ducommun's operating margin was significantly higher by 390 basis points year over year to 7.5%. | a7ab3941-1ec1-4c68-8087-6f0ac929ce78 |
710184.0 | 2019-08-05 00:00:00 UTC | Analysts Anticipate 10% Gains Ahead For The Holdings of PPA | DCO | https://www.nasdaq.com/articles/analysts-anticipate-10-gains-ahead-for-the-holdings-of-ppa-2019-08-05 | nan | nan | Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco Aerospace & Defense ETF (Symbol: PPA), we found that the implied analyst target price for the ETF based upon its underlying holdings is $71.45 per unit.
With PPA trading at a recent price near $64.89 per unit, that means that analysts see 10.12% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of PPA's underlying holdings with notable upside to their analyst target prices are Ducommun Inc. (Symbol: DCO), Vectrus Inc (Symbol: VEC), and Science Applications International Corp (Symbol: SAIC). Although DCO has traded at a recent price of $40.43/share, the average analyst target is 19.34% higher at $48.25/share. Similarly, VEC has 18.65% upside from the recent share price of $39.05 if the average analyst target price of $46.33/share is reached, and analysts on average are expecting SAIC to reach a target price of $96.22/share, which is 16.46% above the recent price of $82.62. Below is a twelve month price history chart comparing the stock performance of DCO, VEC, and SAIC:
Below is a summary table of the current analyst target prices discussed above:
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Although DCO has traded at a recent price of $40.43/share, the average analyst target is 19.34% higher at $48.25/share. Below is a twelve month price history chart comparing the stock performance of DCO, VEC, and SAIC: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of PPA's underlying holdings with notable upside to their analyst target prices are Ducommun Inc. (Symbol: DCO), Vectrus Inc (Symbol: VEC), and Science Applications International Corp (Symbol: SAIC). | Three of PPA's underlying holdings with notable upside to their analyst target prices are Ducommun Inc. (Symbol: DCO), Vectrus Inc (Symbol: VEC), and Science Applications International Corp (Symbol: SAIC). Although DCO has traded at a recent price of $40.43/share, the average analyst target is 19.34% higher at $48.25/share. Below is a twelve month price history chart comparing the stock performance of DCO, VEC, and SAIC: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | Below is a twelve month price history chart comparing the stock performance of DCO, VEC, and SAIC: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of PPA's underlying holdings with notable upside to their analyst target prices are Ducommun Inc. (Symbol: DCO), Vectrus Inc (Symbol: VEC), and Science Applications International Corp (Symbol: SAIC). Although DCO has traded at a recent price of $40.43/share, the average analyst target is 19.34% higher at $48.25/share. | Although DCO has traded at a recent price of $40.43/share, the average analyst target is 19.34% higher at $48.25/share. Three of PPA's underlying holdings with notable upside to their analyst target prices are Ducommun Inc. (Symbol: DCO), Vectrus Inc (Symbol: VEC), and Science Applications International Corp (Symbol: SAIC). Below is a twelve month price history chart comparing the stock performance of DCO, VEC, and SAIC: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | 6736143d-8b45-4ebb-bd68-761d873dbce5 |
710185.0 | 2019-03-01 00:00:00 UTC | Ducommun Inc (DCO) Q4 2018 Earnings Conference Call Transcript | DCO | https://www.nasdaq.com/articles/ducommun-inc-dco-q4-2018-earnings-conference-call-transcript-2019-03-01 | nan | nan | Ducommun Inc (NYSE: DCO)
Q4 2018 Earnings Conference Call
Feb. 28, 2019 , 5:00 p.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good day, ladies and gentlemen, and welcome to the Q4 2018 Ducommun Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we'll conduct a question-and-answer session and instructions will follow at that time. (Operator Instructions) As a reminder, this call is being recorded.
And I'd like to introduce your moderator for this call. Sir, you may begin.
Chris Witty -- Investor Relations
Thank you, and welcome to Ducommun's 2018 Fourth Quarter Conference Call. With me today are Steve Oswald, Chairman, President and CEO; and Doug Groves, Vice President, Chief Financial Officer and Treasurer.
I'm going to discuss certain limitations to any forward-looking statements regarding future events, projections or performance that we may make during the prepared remarks or at question-and-answer session that follows. Certain statements today that are not historical facts, including any statements as to the future market conditions, results of operations, our restructuring plans and financial projections, are forward-looking statements under the Federal Private Securities Litigation Reform Act of 1995, and therefore are prospective. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the future results expressed or implied by such forward-looking statements. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we can give no assurances that such expectations will prove to be correct.
In addition, the estimates of future operating results are based on the company's current business, which is subject to change. Particular risks facing Ducommun include, among others, the cyclicality of our end-use markets, the level of US government defense spending, legal and regulatory risks, management changes, the cost of expansion and acquisitions and competition. These risks and others are described in our annual report on Form 10-K filed with the SEC, and our forward-looking statements are subject to those risks. Statements made during this call are only as of the time made, and we do not intend to update any statements made in this presentation except if and as required by regulatory authorities.
In addition, all comparisons on today's call recognize the implementation of the FASB Accounting Standards Codification, or ASC Topic 606, covering revenue recognition policies on current results. Please see the company's filings for further description of this change and a comparison to the prior policy, ASC 605.
This call also includes non-GAAP financial measures. Please refer to our filings with the SEC for a reconciliation of the non-GAAP measures referenced on this call to the most similar GAAP measures. We filed our Form 10-K with the SEC today, and you'll find a link to all our filings on the company's website under the Investor Relations tab.
I would now like to turn the call over to Mr. Steve Oswald for a review of the operating results. Steve?
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Okay. Thanks, Chris, and thank you everyone for joining us today for our 2018 fourth quarter conference call. As usual, I'll begin by providing an overview of recent developments of the company, after which Doug will review our financial results in detail. First, I'm happy to report that Ducommun has a strong finish to 2018 with a very good results, which I believe are indicative of the many actions and initiatives implemented to improve the company's operating performance. Fourth quarter revenue grew a robust 15% year-over-year to $164 million reflect a higher shipments across both commercial and military platforms. In addition, full year sales rose to $629 million from $558 million in 2017, an increase over 10%.
At the same time, we ended the year with a record backlog of $864 million, up more than $125 million year-over-year. This clearly demonstrates and shows the company's success in leveraging innovation, technology, as well as our commitment to customer value. Ducommun is also fully engaged on winning new business, penetrating further into existing client platforms. At the same time, the company also generated $46 million in cash from operations and strengthened our financial flexibility of refinancing our debt, as Doug will review in a moment.
Our restructuring action in 2018 would streamline our operations, improve capacity utilization and increase margins and the team delivered in all three areas. We removed almost 16% of total manufacturing floor space and eliminate about $14 million of annualized cost going forward, all without any customer disruptions. We also flattened our organizational structure and reduce costs, while hiring new talent and investing in employee development. Team rationalize the product portfolio as well, removing low performing programs from the company.
In addition to the restructuring, Ducommun successfully integrated two accretive acquisitions that strengthened our margins, enhanced our proprietary technology and bolstered our growth profile. All these activities positioned the company very well for the future. As shareholders who attended the company's Investor Day in November along with comments on previous quarterly calls, the team was also focused on operational excellence and higher returns in 2018, particularly within our structures business. The results through a lot of hard work were significant with structures, adjusted operating margins in particular more than doubling to 10.7% in the fourth quarter from 4.9% a year earlier. An outstanding improvement within the short period and everyone is proud of what we've been able to achieve.
As we look forward to the future, teams continually focus on product innovation, differentiation in the marketplace to ensure continued top line growth, solid margins. Whether it's our proprietary VersaCore Composite technology or the company's expanding array of engineered products. Ducommun is committed to niche applications that provide high value to the industry. Company is in excellent shape as we begin 2019, and we're working on improving every day.
Now, let me provide you some additional color on our end markets, products and programs. Beginning with our military and space sector, we posted fourth quarter revenue of $73 million up 13% from last year, reflecting strong sales across a variety of missile applications. For the total year, revenue was $277 million for the sector, representing growth of roughly 3% over 2017, driven by key platforms, such as the F-18, F-35, Apache helicopter along with the Patriot and other missile related programs. We anticipate continued strong results within this portion of our business based on the outlook for military spending. I might note that the initial DoD budget for fiscal 2020 is anticipated to be at least $720 billion, which is above the current budget.
For Ducommun, we ended the year with military space backlog just above -- just under $340 million, and that's near record levels. In our commercial aerospace operations, fourth quarter sales rose approximately 27% year-over-year to $80 million. We once again saw a significant growth across large fixed-wing, narrow-body aircraft reflecting higher build rates, the Boeing 737 platforms, and the Airbus A320 family. We're also very pleased to see a nice uptick in business with Viasat for electronics tied to in-flight connectivity.
For 2018 as a whole, we posted commercial revenue of $304 million, representing growth of nearly 29% year-over-year. Our 737 business grew 30% in 2018, and for the first time ever topped $100 million in sales.
At the same time, we continue to ramp up content on the A320, which is a terrific story with Airbus being a fairly new commercial customer. We're optimistic about continued growth in 2019, once again being driven by Boeing 737 Max and Airbus A320 programs, as well as our business with Gulfstream and other Boeing platforms, such as the 787.
As a reminder, Boeing plans to increase 737 production to 57 a month this year from 52 in 2018, and 787 production to 14 a month from 12 last year, a real benefit for Ducommun. I'd also like to mention our VersaCore technology is growing in popularity and we're on track with regards to our 10-year $200 million contract to supply nacelle components for a leading aircraft engine OEM.
We'll complete the industrialization plan this year with manufacturing in Guaymas, Mexico, expect to begin full production in 2020. The backlog within our commercial aerospace sector grew to $487 million at year-end, representing another record for the company. While bookings can vary quarter-to-quarter due to order timing, we're upbeat about the outlook for 2019, based on the platforms we serve and continued operating improvement.
In summary, it should all result in mid-single digit growth or better this year, along with strong margins and solid bottom line performance. Before turning the call over to Doug, I wanted to mention in January Ducommun initiated an employee stock purchase plan, which provides all employees an opportunity to purchase Ducommun shares. Having employees interest aligned with those of shareholders results in a win-win environment where our growth and improving operating results reward all stakeholders now and in the future.
With that, I'll have Doug review our financial results in detail. Doug?
Douglas L. Groves -- Chief Financial Officer
Thank you, Steve, and good day, everyone. As a reminder, my comparison on today's call are on a year-over-year basis and recognize the implementation of the FASB Accounting Standards Codification or ASC Topic 606 covering revenue recognition policies on current year results. Please see the company's filings and today's 10-K and press release for a further description of this codification versus the prior policy ASC 605.
Revenue for the fourth quarter of 2018 was $164.2 million versus $142.3 million in the fourth quarter of 2017. This performance primarily reflects $17 million of higher sales to the company's commercial aerospace customers and $8.1 million of greater revenue within the military and space sector. This was due to increased shipments for key platforms, such as the Boeing 737, Airbus A320 and various missile defense programs. Ducommun's overall backlog was approximately $864 million at the end of the year versus $780 million in Q3. And as Steve mentioned, it represents a new record for the company. Just as a reminder, the company does define backlog as potential revenue and is based upon customer placed purchase orders and long-term agreements with firm fixed prices and firm delivery dates of 24 months or less. We completed our transition to ASC 606 in 2018, so in 2019, we will also be referring to our remaining performance obligations versus our historical backlog definition.
Moving to gross profit. Our gross margin was 19.9% in the fourth quarter versus 18.1% in the prior year's comparable period. The increase year-over-year was primarily due to higher production volumes, favorable product mix, along with lower compensation and benefit costs. SG&A was $22.5 million in the fourth quarter versus $20 million in 2017, with the increase primarily reflecting $0.7 million in debt refinancing fees and higher compensation and benefit costs. The company reported operating income for the fourth quarter of $6.3 million or 3.8% of revenue compared to an operating loss of $2.6 million or negative 1.8% of revenue in the prior year period.
The year-over-year improvement was due to higher revenue and gross profit, as well as the impact of $4.9 million in lower restructuring charges, partially offset by higher SG&A expenses. On an adjusted basis, operating income was $11.8 million or 7.1% of sales, and $7.3 million or 5.1% of sales for the fourth quarter of 2017 -- 2018 and 2017 respectively. Our 2018 fourth quarter restructuring activities included approximately $1.1 million of charges within our structural system segment, $2.4 million within Electronic Systems and $0.3 million at the corporate level. As Steve mentioned, the restructuring program achieved the stated objectives and is set to deliver the benefits previously discussed.
Interest expense was $3.8 million in the fourth quarter of 2018 versus $2.8 million last year. This was due to higher utilization of our credit facility for recent acquisitions along with higher interest rates. The company reported net income for the fourth quarter of $0.7 million or $0.06 per diluted share compared to net income of $9.5 million or $0.82 per diluted share for the fourth quarter of 2017. The year-over-year decrease was primarily due to a tax benefit of $14.5 million in the prior year period as a result of the 2017 Tax Cuts and Jobs Act. Adjusted net income was $5.2 million or $0.44 per diluted share in the 2018 fourth quarter versus $4.6 million or $0.40 per diluted share in the prior year period. Adjusted EBITDA for the fourth quarter of 2018 was $19.4 million or 11.8% of revenue, which is an increase of 210 basis points compared to $13.8 million or 9.7% of revenue for the comparable period in 2017.
Now, let me turn to the segment results. Turning to the Electronic Systems segments. Electronic Systems segment revenue posted revenue of $85.3 million in the fourth quarter of 2018 versus $77.2 million in the prior year period. These results reflect a $4.5 million increase in sales to our military and space customers and $6.8 million higher shipments within the commercial aerospace market. Electronic Systems posted operating income for the fourth quarter of $7.5 million or 8.7% of revenue versus $6.9 million or 8.9% of revenue in the prior year period. Excluding restructuring charges and the impact of ASC 606, Electronics posted operating income -- operating margin of 10.6% for the 2018 fourth quarter and 11.9% in the prior year period.
Our Structural Systems segment posted revenue of $78.9 million in the fourth quarter of 2018 versus $65.1 million last year. The year-over-year increase was due to $10.2 million of higher sales across our commercial aerospace applications, particularly large airframe single-aisle platforms and $3.6 million of increased revenue within the company's military and space markets. Structural Systems posted operating income for the quarter of $5.7 million or 7.2% of revenue compared to an operating loss of $2.6 million or negative 4% of revenue last year. Excluding restructuring charges and the impact of ASC 606, structures adjusted operating margin more than doubled to 10.7% for the 2018 fourth quarter versus 4.9%(ph)in 2017, this reflected the higher operating efficiencies, improved pricing and impact of our just completed restructuring program.
Corporate, general and administrative expenses, CG&A for the fourth quarter was $6.9 million or 4.2% of revenue and essentially flat year-over-year to the lowering restructuring charges, partially offset by $0.7 million in debt restructure costs and higher compensation and benefit costs.
Turning to liquidity and capital resources. We generated $12.8 million of cash from operations in the fourth quarter of 2018 versus $8.1 million in 2017. For the full year just ended, operating cash flow was $46.2 million versus $35.4 million in 2017. The improvement in cash flow reflects the improved earnings, continued diligence and managing working capital and our balance sheet is in solid shape going forward.
In November, we've refinanced our credit agreement, providing for a new seven-year $240 million senior secured term loan facility, and a five-year $100 million senior secured revolver. The new credit facilities will also allow us greater flexibility to execute our strategic initiatives, but will increase our borrowing rate by about a 150 basis points to a 175 basis points depending upon our leverage. Net of any unforeseen acquisitions, we anticipate using operating cash flow to further reduce the company's leverage in 2019.
In terms of CapEx, we spent $4.8 million during the fourth quarter and $17.6 million for the year, which was down from $27.6 million in 2017. We anticipate spending approximately $15 million to $17 million in 2019 to support new program wins.
In closing, we're very pleased with the results of our restructuring program and other initiatives designed to streamline the company and improve top line growth. Ducommun is on sound footing for continued strong operating performance in fiscal 2019.
I'll now turn it back over to Steve for his closing remarks. Steve?
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Okay. Thanks, Doug. Before turning the call over for questions, let me just once again reiterate how pleased I am with our many accomplishments in 2018. As I look forward to 2019, both the commercial and defense markets are going to provide another year of great opportunities for the company. And at Ducommun, we're focused on where we can bring the most value to the marketplace, while continuing to improve our internal operations. Our structural and electronic manufacturing capabilities, along with engineered products serve the best large narrow-body platforms in the industry. We've also very strong relationships with key customers, such as Boeing, Airbus, Raytheon, Spirit AeroSystems, Lockheed Martin and United Technologies Corporation.
In addition, the company's balance sheet is strong, and I believe the team is aligned as we prepare for another year of success. So again, I'm very proud of everything we achieved in 2018. And in closing, I want to thank our investors for their continued support.
With that, operator, we'll now open up the call for questions.
Questions and Answers:
Operator
Thank you, sir. (Operator Instructions) Our first question comes from Edward Marshall from Sidoti & Company. Your line is now open.
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Hi, Ed.
Edward Marshall -- Sidoti & Company -- Analyst
Hey, guys. How are you? Good afternoon.
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Great.
Edward Marshall -- Sidoti & Company -- Analyst
So, I guess I'll start with the restructuring, you've done a pretty good job there obviously, is there additional restructuring that you're planning for 2019. And if so, do you mind sharing kind of what areas of the business that restructuring may be coming through with?
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Ed, we're complete with the restructuring. There's no further restructuring anticipated in the near-term at this point in time.
Edward Marshall -- Sidoti & Company -- Analyst
Okay. And you've taken all the charges, I guess for that. And what was the incremental improvement on the earnings that we were anticipating in 2019 versus 2018?
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
So, it will be about half of what we had set out of the $14 million, so we realized some -- about half of it in '18, and the other half will start reading through in '19.
Edward Marshall -- Sidoti & Company -- Analyst
Okay. All right. And so, I'm thinking about the incremental margin here now, I guess specifically in structures being that, it's kind of your heavier manufacturing type of business, and I'm curious as we see the ramp on the 737, we see the ramp in the 787, with the cost that and other programs as well, with the cost reductions that you've had, how do I think about kind of the incremental -- the contribution margin from your businesses, specifically into structures, if you don't mind commenting?
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Well. As you can see we've made great strides in improving the margins this year in structures, for the year ending at 9.1% operating margins, as we think moving forward with the contribution margin and pricing, we could see another 40 basis points, 50 basis points in 2019 in the operating margin.
Edward Marshall -- Sidoti & Company -- Analyst
For structure specifically.
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Yes.
Edward Marshall -- Sidoti & Company -- Analyst
Okay. Could you elaborate a little bit more on the Viasat, the in-flight connectivity, I guess what are you doing, maybe who held the contract beforehand, and anything else that you might want to(ph)elaborate?
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Yes. So, we don't disclose revenue until it's 5% or more so or lesser(ph), I can't share that with you, but Viasat is the great opportunity for us, it's really around box builds(ph)and making cards, so it's all on our Electronic Systems side of the business. So, we're working with them closely, they are based in San Diego. And we've had a nice relationship with them, it's only getting better. So, it's mostly around cards, assembly and more to come on Viasat, but it's a -- there are new customers, well, I'd say last two years, right, roughly.
Edward Marshall -- Sidoti & Company -- Analyst
And there's been a bit of jacking for who's going to win out on certain contracts. What is it about Viasat that you think has the advantage over some of the other key players in the market for in-flight connectivity?
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Yes. I have to...
Douglas L. Groves -- Chief Financial Officer
There is no -- that's difficult for us to answer as Viasat's our customer, not our competitor, they know their competitive landscape better than we do.
Edward Marshall -- Sidoti & Company -- Analyst
Got it. Okay. Thanks very much. I appreciate it, guys.
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Thanks.
Operator
Thank you. Our next question comes from Michael Ciarmoli from SunTrust. Your line is now open.
Lesden -- SunTrust -- Analyst
Hey, good evening, guys. It's actually Lesden(ph)for Michael.
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Okay. Welcome.
Lesden -- SunTrust -- Analyst
Thanks. Could you talk about just perhaps give a little bit of a breakdown on the backlog, is any of the new business or legacy potential new programs coming from Airbus, Lockheed Martin, I know you mentioned they're kind of underweight now, just give us a little bit of a breakdown of that backlog number if you could?
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Well. A good percentage of it is recurring business, I mean, there are some new business in there, but it's a smaller percentage than the repeat(ph)business that we have and what we saw was obviously with the rates increasing, we're getting POs from particularly Boeing, but also from Airbus to be sure that we're ready to meet their rate demands and for what we're doing is mostly structures work in both of those areas. So, we've got long lead time on particularly titanium, so it's a lot of Airbus, it's largely new business that we haven't done, and Boeing it's a lot of recurring business that we already had.
Lesden -- SunTrust -- Analyst
Okay. I guess on the Airbus and a logic question to, I mean it's still a relatively new customer to -- any potential discussions around future work, I mean how do you see kind of a double-digit growth coming in '19 of new business tie into titanium market?
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Yes. I think that we're -- now we're real supplier to Airbus, right? So, it's been a great thing the last couple of years for the company and really around titanium products, and then you have conversations with them and we feel good about our growth prospects for 2019.
Lesden -- SunTrust -- Analyst
Okay. You mentioned on the Investor Day about defense CAGR is around 2% to 4%, I mean, would you say that's may be conservative on your end given the opportunities you've called out in missiles, maybe even potential hypersonics, not sure if you're on the potential there, but what would that growth rate be somewhat conservative looking at the next three years?
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
You'll see in our investor presentation out on our website later today that we did pull that up to 3% to 5%, for those reasons, so as we've gotten more visibility in some of the new business wins that we've had, and we'll see that probably bump up a little bit then where we have at the 2% to 4%.
Lesden -- SunTrust -- Analyst
Got it. Okay. Great. Thanks for that. And just last one for me on the supply chain, I mean industry is kind of been seen pressures, any incremental pick-up of work for you guys from the bottlenecks in the supply chain?
Douglas L. Groves -- Chief Financial Officer
No. Not really. I mean, it's a competitive marketplace, but I wouldn't say that we're grabbing a lot of new business for nonperformance.
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Yes.
Lesden -- SunTrust -- Analyst
Okay. Thank you, guys.
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Thank you.
Operator
Thank you. And our next question comes from Ken Herbert from Canaccord. Your line is now open.
Ken Herbert -- Canaccord -- Analyst
Hi. Good afternoon, Steve and Doug.
Douglas L. Groves -- Chief Financial Officer
Hi, Ken.
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Thanks for joining.
Ken Herbert -- Canaccord -- Analyst
Yes. First, just wanted to see Doug, specifically, as we think about margins in '19, is there anything sort of incrementally positive or negative from tariffs or material costs or anything else you'd specifically highlight either that could be a tailwind or a headwind?
Douglas L. Groves -- Chief Financial Officer
Not really, it's -- a lot of in the structures business material that we're buying, is coming off of Airbus and Boeing contracts, and then on electronic side of our business that's mostly US supply base, because it's mostly defense business. So, I mean there is a little bit, but not compared to probably what others may be experiencing in other industries, so we don't think it's a big headwind.
Ken Herbert -- Canaccord -- Analyst
Okay. And if I look at the margin improvement, I mean, we've got the restructuring, which I think is fairly well understood. Is it fair to say then that volume would be the biggest sort of opportunity that you'd expect to see it, I'm specifically thinking on the structural segment, or is there anything else from a margin standpoint that you'd highlight that could be a tailwind to margins in '19?
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
I think volume would be the single biggest driver as we spread that overhead across higher volumes that will drop through, but most of the other things, material costs and such are neutral from margin expansion standpoint.
Ken Herbert -- Canaccord -- Analyst
Okay. And just finally, if I could the -- on the 737 in particular, I know you've taken some share gain, I know obviously the MAX represents an increase for you in content. Are you seeing are there -- either across that program or maybe with your Airbus customer, are there other sort of opportunities to take share, are you seeing any opportunities where maybe either your customers are looking to derisk the supply chain, or you could maybe step in or there is opportunities through technology or titanium or something else, maybe can you just talk about your ability to continue to grow better than sort of the aerospace volume through share gains?
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Well. I guess -- first on the Boeing side with what we're doing right now and their focus on rate, we're pretty much locked in. So, we think it's sort of steady as you go with Boeing. I think Airbus is a little bit more on a program perspective, we might do a share of the part for 320, and we think that we could see some upside taking over a higher percentage of that part for the program. So, I think there's a little bit there for Airbus, I think, again, you know our customers and we're pretty much locked in this year for what we have.
Ken Herbert -- Canaccord -- Analyst
Great. Well. Very nice quarter and great end of the year. Thank you very much.
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Yes. Thanks for the support.
Douglas L. Groves -- Chief Financial Officer
Thank you, Ken.
Operator
Thank you. (Operator Instructions) Our next question comes from Christian Herbosa, NOBLE Capital Market. Your line is now open.
Christian Herbosa -- NOBLE Capital Market -- Analyst
Hi. Thanks for taking my call. I have a couple of questions. So, this one is a follow-up to some of the earlier questions, but -- so where are you seeing the most potential for market share gain at Airbus in terms of titanium or composites or aluminum?
Douglas L. Groves -- Chief Financial Officer
Well. I think for us it's largely in the titanium area, I mean, because that's a very specialized science and technology, and we've been in talks with Airbus about gaining more share from both things, they may be doing internally as well as other suppliers. So, I would say that's probably the single biggest opportunity when we think about share gains -- to Steve's comments, not as much on the aluminum side of what we do. And you'll hear more about composites in VersaCore as we move forward, that's really an exciting new area for us as we talked about a few calls ago, we had a great contract to participate on a high volume nacelle program. And we've got a lot of good things working there as we bring that to market in 2020.
Christian Herbosa -- NOBLE Capital Market -- Analyst
Right. So on VersaCore, are you seeing other opportunities outside of the nacelle contract coming up, and maybe can you provide us any metrics that give us an idea of the size of the addressable market for VersaCore?
Douglas L. Groves -- Chief Financial Officer
Yes. The size of the addressable market is hundreds and hundreds of millions, if not billions, and I think for us, we're really targeting as talked about in our Investor Day with our TRL 6 certification from Airbus opportunities, specifically with them on a number of different flight control services, but we're still in early -- it's early, we'll be following up.
Christian Herbosa -- NOBLE Capital Market -- Analyst
Okay. Great. That's good to hear. That's all for me. Thanks for your time.
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Okay. Thank you.
Operator
Thank you. And our next question comes from Aman Gulani from B. Riley FBR. Your line is now open.
Aman Gulani -- B. Riley FBR -- Analyst
Hey, Steve and Doug, congrats on the solid quarter. So, you mentioned you should be realizing another 50% to 60% in cost savings from restructuring initiatives, how quickly will that be realized in 2019?
Douglas L. Groves -- Chief Financial Officer
Well. It will be a ramp, it won't be January one, it's going to phase-in over the first half of the year and bleed into the second half, a lot of those initiatives are still being worked through, whether it's plant consolidation and other things that we did in terms of taking out capacity, so it is going to spread across the year.
Aman Gulani -- B. Riley FBR -- Analyst
Got it. Thanks. And you mentioned on previous calls that you're looking to grow your missile business with Lockheed, how should we think about that going to fiscal '19, are you on track to secure some missile programs with them, also growing your existing opportunity with Raytheon?
Douglas L. Groves -- Chief Financial Officer
Well. I think it's a work in process, I mean, we do have dedicated resource now within the organization looking at Lockheed, but these are pretty long sales cycles with these program, so it's something that we're continuing to work on, but it's not yet.
Aman Gulani -- B. Riley FBR -- Analyst
Got it. Okay. That's all for me. I'll pass it on.
Douglas L. Groves -- Chief Financial Officer
Okay. Thank you.
Operator
Thank you. We have a follow-up question from Edward Marshall with Sidoti & Company. Your line is now open.
Edward Marshall -- Sidoti & Company -- Analyst
Guys, I just wanted to quick follow-up on the Viasat, did -- were they a customer of LDS, and did LDS have anything to do with maybe cementing that award?
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Yes. It's a good question. No. They were not, and they were not involved.
Edward Marshall -- Sidoti & Company -- Analyst
Thank you very much.
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Yes. Thanks, Ed.
Operator
Thank you. And there appears to be no further questions in queue. I would now like to turn the call over to Steve Oswald, Chairman, President and CEO, for further remarks.
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Okay. Let me just wrap it up here. Again, I want to thank everybody for calling in today. We're certainly pleased with the results and where we are, we're certainly looking forward to 2019, and what that can bring for us and for our investors and for shareholders. So again, I just wanted to send all of my thanks for your support as we go through the last two years together, and I look forward again to 2019. So, all the best to you and I'll leave it there.
Douglas L. Groves -- Chief Financial Officer
Thank you.
Operator
Ladies and gentlemen, thank you for participating in today's conference. This concludes today's program. You may all disconnect. Everyone, have a great day.
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Thank you.
Douglas L. Groves -- Chief Financial Officer
Thank you.
Duration: 36 minutes
Call participants:
Chris Witty -- Investor Relations
Stephen G. Oswald -- Chairman, President & Chief Executive Officer
Douglas L. Groves -- Chief Financial Officer
Edward Marshall -- Sidoti & Company -- Analyst
Lesden -- SunTrust -- Analyst
Ken Herbert -- Canaccord -- Analyst
Christian Herbosa -- NOBLE Capital Market -- Analyst
Aman Gulani -- B. Riley FBR -- Analyst
More DCO analysis
Transcript powered by AlphaStreet
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see ourTerms and Conditionsfor additional details, including our Obligatory Capitalized Disclaimers of Liability.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ducommun Inc (NYSE: DCO) Q4 2018 Earnings Conference Call Feb. 28, 2019 , 5:00 p.m. Duration: 36 minutes Call participants: Chris Witty -- Investor Relations Stephen G. Oswald -- Chairman, President & Chief Executive Officer Douglas L. Groves -- Chief Financial Officer Edward Marshall -- Sidoti & Company -- Analyst Lesden -- SunTrust -- Analyst Ken Herbert -- Canaccord -- Analyst Christian Herbosa -- NOBLE Capital Market -- Analyst Aman Gulani -- B. Riley FBR -- Analyst More DCO analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. In addition, all comparisons on today's call recognize the implementation of the FASB Accounting Standards Codification, or ASC Topic 606, covering revenue recognition policies on current results. | Duration: 36 minutes Call participants: Chris Witty -- Investor Relations Stephen G. Oswald -- Chairman, President & Chief Executive Officer Douglas L. Groves -- Chief Financial Officer Edward Marshall -- Sidoti & Company -- Analyst Lesden -- SunTrust -- Analyst Ken Herbert -- Canaccord -- Analyst Christian Herbosa -- NOBLE Capital Market -- Analyst Aman Gulani -- B. Riley FBR -- Analyst More DCO analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. Ducommun Inc (NYSE: DCO) Q4 2018 Earnings Conference Call Feb. 28, 2019 , 5:00 p.m. As a reminder, my comparison on today's call are on a year-over-year basis and recognize the implementation of the FASB Accounting Standards Codification or ASC Topic 606 covering revenue recognition policies on current year results. | Duration: 36 minutes Call participants: Chris Witty -- Investor Relations Stephen G. Oswald -- Chairman, President & Chief Executive Officer Douglas L. Groves -- Chief Financial Officer Edward Marshall -- Sidoti & Company -- Analyst Lesden -- SunTrust -- Analyst Ken Herbert -- Canaccord -- Analyst Christian Herbosa -- NOBLE Capital Market -- Analyst Aman Gulani -- B. Riley FBR -- Analyst More DCO analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. Ducommun Inc (NYSE: DCO) Q4 2018 Earnings Conference Call Feb. 28, 2019 , 5:00 p.m. The company reported operating income for the fourth quarter of $6.3 million or 3.8% of revenue compared to an operating loss of $2.6 million or negative 1.8% of revenue in the prior year period. | Duration: 36 minutes Call participants: Chris Witty -- Investor Relations Stephen G. Oswald -- Chairman, President & Chief Executive Officer Douglas L. Groves -- Chief Financial Officer Edward Marshall -- Sidoti & Company -- Analyst Lesden -- SunTrust -- Analyst Ken Herbert -- Canaccord -- Analyst Christian Herbosa -- NOBLE Capital Market -- Analyst Aman Gulani -- B. Riley FBR -- Analyst More DCO analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. Ducommun Inc (NYSE: DCO) Q4 2018 Earnings Conference Call Feb. 28, 2019 , 5:00 p.m. I would now like to turn the call over to Mr. Steve Oswald for a review of the operating results. | e9bc44a6-5bbd-429c-8b12-131f394a592a |
710186.0 | 2018-11-05 00:00:00 UTC | Ducommun (DCO) Beats Q3 Earnings and Revenue Estimates | DCO | https://www.nasdaq.com/articles/ducommun-dco-beats-q3-earnings-and-revenue-estimates-2018-11-05 | nan | nan | Ducommun (DCO) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 44%. A quarter ago, it was expected that this aerospace industry supplier would post earnings of $0.04 per share when it actually produced earnings of $0.14, delivering a surprise of 250%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Ducommun, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $159.84 million for the quarter ended September 2018, surpassing the Zacks Consensus Estimate by 3.83%. This compares to year-ago revenues of $138.69 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ducommun shares have added about 36.8% since the beginning of the year versus the S&P 500's gain of 1.9%.
What's Next for Ducommun?
While Ducommun has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ducommun was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.35 on $156.19 million in revenues for the coming quarter and $0.96 on $615.42 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense Equipment is currently in the top 21% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
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Ducommun Incorporated (DCO): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ducommun (DCO) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.25 per share. Click to get this free report Ducommun Incorporated (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. | Ducommun (DCO) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.25 per share. Click to get this free report Ducommun Incorporated (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $159.84 million for the quarter ended September 2018, surpassing the Zacks Consensus Estimate by 3.83%. | Ducommun (DCO) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.25 per share. Click to get this free report Ducommun Incorporated (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $159.84 million for the quarter ended September 2018, surpassing the Zacks Consensus Estimate by 3.83%. | Ducommun (DCO) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.25 per share. Click to get this free report Ducommun Incorporated (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. While Ducommun has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? | 8f265324-b65d-40ea-bee6-53b0ee4b063a |
710187.0 | 2018-10-05 00:00:00 UTC | 4 Defense Stocks That Outperformed the S&P 500 Year to Date | DCO | https://www.nasdaq.com/articles/4-defense-stocks-that-outperformed-the-sp-500-year-to-date-2018-10-05 | nan | nan | The U.S. Aerospace and Defense industry has always stood strong, courtesy of the ever-growing demand for defense equipment and rapid technological advancements.
Impressively, the Zacks Aerospace & Defense industry has risen 17.3% compared with the S&P 500's gain of 15.2% year to date.
Let's take a closer look at the factors that have been backing the stellar performance of defense stocks so far this year.
Global Tensions Rife
In the wake of Russia's annexation of Crimea, tensions in Poland escalated to such severe levels that the country is now willing to shell out $1.5-$2 billion to the United States for securing U.S. troops. Back in March 2018, Poland had inked an agreement with the United States to purchase Raytheon's RTN Patriot missiles for $4.8 billion.
Moreover, orders for a wide variety of defense-related products from nations in the Middle East like Saudi Arabia, Kuwait, Bahrain, Israel and Turkey are lately boosting defense stocks. A massive $110-billion arms deal signed by President Trump with Saudi Arabia this May, which also has the potential to touch $350 billion in the next 10 years, is another example.
Landmark Defense Authorization Bill Approval
The month of August saw Trump give the final nod to the fiscal 2019 National Defense Authorization Act (NDAA), which sanctions a spend of $717 billion on security. This authorization is considered the most significant investment in the U.S. military force. No doubt, it was cheered by investors keeping a watch on the defense space.
Earnings Picture Bright
Many sector giants recorded positive earnings growth in the second quarter of 2018. Notably, 90% of the Zacks Aerospace stocks topped earnings and 70% exceeded revenue expectations. Undoubtedly, such encouraging releases have boosted investors' optimism in these stocks.
Stocks to Pick
Considering the impressive prospects, we mention five stocks that have outperformed the sector and the S&P 500 year to date. These stocks have a favorable Zacks Rank #1 (Strong Buy) or 2 (Buy) along with a few other strengths.
AeroVironment, Inc.AVAV develops and supplies unmanned aerial vehicles and tactical missiles. The company currently sports a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings moved up 22.5% over the last 90 days. You can see the complete list of today's Zacks #1 Rank stocks here .
The stock has gained 94.4% on a year-to-date basis, outperforming the S&P 500's gain of 14.2% and its sector's rise of 23.8%.
Ducommun IncorporatedDCO manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. It currently holds a Zacks Rank #2. The consensus estimate for its current-year earnings rose 24.3% over the last 90 days.
FLIR Systems, Inc.FLIR offers infrared and imaging solutions for military and search and rescue applications. It currently holds a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings moved up 2.78% over the last 90 days.
The stock has gained 46.8% on a year-to-date basis.
Heico CorporationHEI is primarily engaged in certain niche segments of aviation, defense, space and electronics. It currently holds a Zacks Rank #2. The consensus estimate for its current-year earnings moved 2.73% north over the last 90 days.
The stock has also gained 57.7% year to date.
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It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
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Heico Corporation (HEI): Free Stock Analysis Report
Ducommun Incorporated (DCO): Free Stock Analysis Report
AeroVironment, Inc. (AVAV): Free Stock Analysis Report
Raytheon Company (RTN): Free Stock Analysis Report
FLIR Systems, Inc. (FLIR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ducommun IncorporatedDCO manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Click to get this free report Heico Corporation (HEI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report AeroVironment, Inc. (AVAV): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report FLIR Systems, Inc. (FLIR): Free Stock Analysis Report To read this article on Zacks.com click here. Back in March 2018, Poland had inked an agreement with the United States to purchase Raytheon's RTN Patriot missiles for $4.8 billion. | Click to get this free report Heico Corporation (HEI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report AeroVironment, Inc. (AVAV): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report FLIR Systems, Inc. (FLIR): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun IncorporatedDCO manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Notably, 90% of the Zacks Aerospace stocks topped earnings and 70% exceeded revenue expectations. | Click to get this free report Heico Corporation (HEI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report AeroVironment, Inc. (AVAV): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report FLIR Systems, Inc. (FLIR): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun IncorporatedDCO manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Stocks to Pick Considering the impressive prospects, we mention five stocks that have outperformed the sector and the S&P 500 year to date. | Ducommun IncorporatedDCO manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Click to get this free report Heico Corporation (HEI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report AeroVironment, Inc. (AVAV): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report FLIR Systems, Inc. (FLIR): Free Stock Analysis Report To read this article on Zacks.com click here. Impressively, the Zacks Aerospace & Defense industry has risen 17.3% compared with the S&P 500's gain of 15.2% year to date. | 8b5a065b-5be4-4009-a05c-fac8b0ec068f |
710188.0 | 2018-10-05 00:00:00 UTC | Here's Why You Should Invest in Ducommun (DCO) Stock Now | DCO | https://www.nasdaq.com/articles/heres-why-you-should-invest-in-ducommun-dco-stock-now-2018-10-05 | nan | nan | Estimates for Ducommun IncorporatedDCO have been revised upward in the past 60 days, which reflects analysts' optimism in the stock. The Zacks Consensus Estimate for 2018 and 2019 earnings have moved up 24.3% and 3.0% to 92 cents and $2.02, respectively.
Ducommun provides engineering and manufacturing products as well as services primarily to the aerospace, defense, industrial, natural resources, medical and other industries in the United States.
The company's shares have surged 38.4% in the past six months compared with the industry 's rise of 8.0%.
Let's focus on the factors that make Ducommun an appropriate investment option.
Zacks Rank & Surprise Trend
Ducommun carries a Zacks Rank #2 (Buy).The company pulled off an average positive earnings surprise of 129.04 % in the last four quarters.
Year-Over-Year Estimates & Backlog
Ducommun's year-over-year earnings growth for 2019 is estimated at 119.57% and sales growth for 2019 is projected at 2.49%. The company's backlog as of June 30, 2018 was $823 million. A total backlog of $558.0 million is expected to be delivered in the next 12 months, which is likely to boost the company's revenues in the near-term.
VGM Score
Ducommun has an impressive VGM Score of A. Here V stands for Value, G for Growth and M for Momentum with the score being a weighted combination of all three factors. Back tested results show that stocks with a favorable VGM Score of A or B coupled with a bullish Zacks Rank are the best investment options.
Long term Plans
Ducommun focuses on operational excellence, advanced technology and acquisitions. These factors establish the company's position in the aerospace and defense industry as the unique provider of a broader array of electronic and structural applications.
The company's acquisitions of Certified Thermoplastics Co., LLC ("CTP") and Lightning Diversion Systems, LLC ("LDS") were fully integrated and are contributing to its technology portfolio.
Other Stocks to Consider
A few other top-ranked stocks in the same sector are AeroVironment, Inc AVAV , Huntington Ingalls Industries, Inc HII and FLIR Systems, Inc FLIR . While AeroVironment sports a Zacks Rank #1 (Strong Buy), Huntington Ingalls and FLIR Systems carry a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
AeroVironment delivered an average positive earnings surprise of 365.27% in the past four quarters. The Zacks Consensus Estimate for fiscal 2019 earnings moved up 22.5% in the past 60 days.
Huntington Ingalls Industries came up with an average positive earnings surprise of 9.48% in the past four quarters. The Zacks Consensus Estimate for 2018 earnings inched up 1.5% in the past 60 days.
FLIR Systems Holdings pulled off an average positive earnings surprise of 8.94% in the past four quarters. The Zacks Consensus Estimate for 2018 earnings inched up 0.9% in the past 60 days.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report
AeroVironment, Inc. (AVAV): Free Stock Analysis Report
Ducommun Incorporated (DCO): Free Stock Analysis Report
FLIR Systems, Inc. (FLIR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Estimates for Ducommun IncorporatedDCO have been revised upward in the past 60 days, which reflects analysts' optimism in the stock. Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report AeroVironment, Inc. (AVAV): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report FLIR Systems, Inc. (FLIR): Free Stock Analysis Report To read this article on Zacks.com click here. Back tested results show that stocks with a favorable VGM Score of A or B coupled with a bullish Zacks Rank are the best investment options. | Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report AeroVironment, Inc. (AVAV): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report FLIR Systems, Inc. (FLIR): Free Stock Analysis Report To read this article on Zacks.com click here. Estimates for Ducommun IncorporatedDCO have been revised upward in the past 60 days, which reflects analysts' optimism in the stock. Zacks Rank & Surprise Trend Ducommun carries a Zacks Rank #2 (Buy).The company pulled off an average positive earnings surprise of 129.04 % in the last four quarters. | Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report AeroVironment, Inc. (AVAV): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report FLIR Systems, Inc. (FLIR): Free Stock Analysis Report To read this article on Zacks.com click here. Estimates for Ducommun IncorporatedDCO have been revised upward in the past 60 days, which reflects analysts' optimism in the stock. Zacks Rank & Surprise Trend Ducommun carries a Zacks Rank #2 (Buy).The company pulled off an average positive earnings surprise of 129.04 % in the last four quarters. | Estimates for Ducommun IncorporatedDCO have been revised upward in the past 60 days, which reflects analysts' optimism in the stock. Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report AeroVironment, Inc. (AVAV): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report FLIR Systems, Inc. (FLIR): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for fiscal 2019 earnings moved up 22.5% in the past 60 days. | 51a9f55f-6537-48c3-aa06-959d7764ad6e |
710189.0 | 2018-09-27 00:00:00 UTC | Ducommun (DCO) Hits Fresh High: Is There Still Room to Run? | DCO | https://www.nasdaq.com/articles/ducommun-dco-hits-fresh-high%3A-is-there-still-room-to-run-2018-09-27 | nan | nan | Have you been paying attention to shares of Ducommun (DCO)? Shares have been on the move with the stock up 0.7% over the past month. The stock hit a new 52-week high of $41.4 in the previous session. Ducommun has gained 41.6% since the start of the year compared to the 14.1% move for the Zacks Aerospace sector and the 15.4% return for the Zacks Aerospace - Defense Equipment industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on August 6, 2018, Ducommun reported EPS of $0.14 versus consensus estimate of $0.04 while it beat the consensus revenue estimate by 6.05%.
For the current fiscal year, Ducommun is expected to post earnings of $0.92 per share on $615.42 million in revenues. This represents a -30.83% change in EPS on a 10.25% change in revenues. For the next fiscal year, the company is expected to earn $2.02 per share on $630.74 million in revenues. This represents a year-over-year change of 119.57% and 2.49%, respectively.
Valuation Metrics
Ducommun may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Ducommun has a Value Score of B. The stock's Growth and Momentum Scores are B and D, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 43.8X current fiscal year EPS estimates. On a trailing cash flow basis, the stock currently trades at 11.9X versus its peer group's average of 15.5X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Ducommun currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Ducommun passes the test. Thus, it seems as though Ducommun shares could have potential in the weeks and months to come.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Have you been paying attention to shares of Ducommun (DCO)? Click to get this free report Ducommun Incorporated (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. For the current fiscal year, Ducommun is expected to post earnings of $0.92 per share on $615.42 million in revenues. | Have you been paying attention to shares of Ducommun (DCO)? Click to get this free report Ducommun Incorporated (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. In its last earnings report on August 6, 2018, Ducommun reported EPS of $0.14 versus consensus estimate of $0.04 while it beat the consensus revenue estimate by 6.05%. | Have you been paying attention to shares of Ducommun (DCO)? Click to get this free report Ducommun Incorporated (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). | Have you been paying attention to shares of Ducommun (DCO)? Click to get this free report Ducommun Incorporated (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. In its last earnings report on August 6, 2018, Ducommun reported EPS of $0.14 versus consensus estimate of $0.04 while it beat the consensus revenue estimate by 6.05%. | 52753a56-c776-47c1-aaa5-94511c6f027e |
710190.0 | 2018-09-05 00:00:00 UTC | Triumph Group Gains on Global Jet Demand & Strategic Buyouts | DCO | https://www.nasdaq.com/articles/triumph-group-gains-on-global-jet-demand-strategic-buyouts-2018-09-05 | nan | nan | We recently issued an updated research report on Triumph Group, Inc.TGI . The company delivered first-quarter fiscal 2019 adjusted earnings of 34 cents per share, missing the Zacks Consensus Estimate of 36 cents by 5.6%. However, the bottom line improved 41.7% from the year-ago period's figure of 24 cents per share.
Triumph Group's aircraft system components remain an important growth platform, buoyed by increasing global demand for jets. Also, continuous focus on growth through addition of products and services, expansion of operating capacity along with marketing a range of products will drive the company's performance.
What's Driving the Stock?
Commercial narrow-body jet remains an important growth platform for Triumph Group, buoyed by increasing global demand for such jets as well as the company's strong position pertaining to system components for both A320 and Boeing 737. The company plans to expand its system components operation to Boeing and Airbus jet makers. Also, it is on track to meet its target of generating 30% revenues from military end markets over the next three years. Incorporation of Triumph Group's products in these jets will boost significant growth for the company.
In terms of inorganic growth, the company agreed to collaborate with Quickstep, Australia's leading independent manufacturer of advanced carbon fiber composite components, in the fiscal first quarter. Through this merger, Triumph Group aims at expanding its position within the growth markets and also delivering a high performance plus differentiated products to commercial and military original equipment manufacturer (OEMs).
However, a large portion of Triumph Group's aftermarket sales comes from third-party repair and overhaul, thus exposing it to tough competition from OEMs as well as third-party organizations. Moreover, volatile energy and commodity prices can put pressure on the company's margins.
Estimates for Triumph Group have been revised upward over the past 30 days. Notably, the Zacks Consensus Estimate for the company's 2018 and 2019 bottom line has moved 3.9% and 4.3% north to $1.86 and $2.18 per share, respectively. However, the company's earnings lagged the consensus mark in three of the trailing four quarters with an average miss of 34.27%.
Triumph Group, Inc. Price
Triumph Group, Inc. Price | Triumph Group, Inc. Quote
Zacks Rank & Key Picks
Triumph Group currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Some better-ranked stocks from the Zacks Aerospace Sector are as follows:
Teledyne Technologies Incorporated TDY is a Zacks #1 Ranked player. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 9.3% upward over the past 30 days to $8.25 per share.
Ducommun Incorporated DCO carries a Zacks Rank #2 (Buy). The stock has seen the consensus estimate for 2018 earnings per share move 24.3% north over the past 30 days to 92 cents.
Huntington Ingalls Industries, Inc. HII has a Zacks Rank of 2. The stock has seen the consensus mark for 2018 bottom line per share being raised 1.4% over the past 30 days to $17.24.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ducommun Incorporated DCO carries a Zacks Rank #2 (Buy). Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Teledyne Technologies Incorporated (TDY): Free Stock Analysis Report To read this article on Zacks.com click here. Triumph Group's aircraft system components remain an important growth platform, buoyed by increasing global demand for jets. | Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Teledyne Technologies Incorporated (TDY): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Incorporated DCO carries a Zacks Rank #2 (Buy). Triumph Group's aircraft system components remain an important growth platform, buoyed by increasing global demand for jets. | Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Teledyne Technologies Incorporated (TDY): Free Stock Analysis Report To read this article on Zacks.com click here. Ducommun Incorporated DCO carries a Zacks Rank #2 (Buy). Commercial narrow-body jet remains an important growth platform for Triumph Group, buoyed by increasing global demand for such jets as well as the company's strong position pertaining to system components for both A320 and Boeing 737. | Ducommun Incorporated DCO carries a Zacks Rank #2 (Buy). Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Teledyne Technologies Incorporated (TDY): Free Stock Analysis Report To read this article on Zacks.com click here. Incorporation of Triumph Group's products in these jets will boost significant growth for the company. | 855e539c-74e5-48ef-a649-7f93a20d333a |
710191.0 | 2018-09-04 00:00:00 UTC | Raytheon (RTN) Secures $282M Contract to Upgrade DAS-4 MTS | DCO | https://www.nasdaq.com/articles/raytheon-rtn-secures-%24282m-contract-to-upgrade-das-4-mts-2018-09-04 | nan | nan | Raytheon CompanyRTN recently clinched a deal for manufacturing and upgrading fiscal 2017 and 2018 DAS-4 Multi-Spectral Targeting Systems (MTS). Work related to the deal will be executed in McKinney, TX.
Details of the Deal
Valued at $281.9 million, the contract was awarded by the Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, OH. Per the terms of the agreement, Raytheon will deliver 127 AN/DAS-4 MTS Model B (MTS-B) high definition/target location accuracy turrets and upgrade 40 DAS-1A to DAS-4 turret unit.
The deal also involves procurement of one lot of initial shop replaceable unit spares, one lot of production support - capacity increase and one lot of associated data.
The company will utilize fiscal 2016, 2017 and 2018 aircraft procurement funds to complete the task by Sep 30, 2020.
What's an MTS?
Raytheon's MTS are sensors that provide electro-optical/infrared (EO/IR), laser designation and laser illumination capabilities, all of which remain integrated in a single sensor package.Combat proven, with nearly four million operational flight hours, the MTS product family offers detailed intelligence data from the visual and infrared spectrum to support U.S. military, civilian and allied missions around the world.
These sensors feature multiple fields of view, electronic zoom and multimode video tracking and are designed to incorporate future growth options and performance enhancements.In particular, the DAS-4 variant of MTS incorporates major improvements over the prior versions that include, four high definition cameras covering five spectral bands, a three-color diode pump laser designator/rangefinder, laser spot search and track capability, automated sensor and laser bore sight alignment, three mode target tracker and built in provisions for future growth.
Our View
Increasing geo-political tensions across the globe have prompted nations, both developed and developing, to strengthen their defense systems manifold. Identifying threats beforehand has become crucial and sensors play a critical role in that. To this end, being a prime defense contractor in the United States, Raytheon's sensor systems hold a significant share of the U.S. sensor systems market.
The company's Intelligence, Surveillance and Reconnaissance Systems (ISRS) business unit designs, develops and manufactures an array of Multispectral EO/IR sensors, which offer customers with actionable information for strike, persistent surveillance and special mission platforms. These sensors aid in detection, identification, tracking, targeting, navigation, weather, and situational awareness tasks on a variety of airborne platforms.
To date, Raytheon has delivered more than 3,000 MTS sensors to U.S. and international armed forces and successfully integrated 44 variants of the system on more than 20 rotary-wing, Unmanned Aerial System, and fixed-wing platforms. This surely reflects the huge demand that these sensors have in the global defense space. These contribute significantly to Raytheon's top line.
Evidently, the company won orders worth $87 million for the next-generation Multi-Spectral Targeting System (MTS) for the U.S. Air Force during the first six months of 2018. The latest contract win boasts an even greater value, which thereby should instill increased top-line growth for the company in the second half of 2018.
Raytheon has lately unveiled a smaller, lightweight version of its MTS, Compact MTS, a sensor turret that sees in infrared and the visible spectrum and delivers detailed intel in high-definition, full motion video. Considering the combat proven viability of the earlier versions of Raytheon's family of MTS, we can expect the company to win notable contracts for the Compact version in the days ahead.
Price Movement
In a year's time, shares of Raytheon have gained 9.9% compared with the industry 's 18% growth. The underperformance may have been due to stiff competition that the company faces in the aerospace and defense industry.
Zacks Rank & Key Picks
Raytheon currently carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the same space are Aerojet Rocketdyne AJRD ), Teledyne Technologies TDY and Ducommun DCO . While Aerojet and Teledyne sport a Zacks Rank #1 (Strong Buy), Ducommun carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Aerojet delivered an average positive earnings surprise of 9.27% in the trailing four quarters. The Zacks Consensus Estimate for 2018 earnings moved 30.9% north to $1.27 over the past 60 days.
Teledyne came up with an average positive earnings surprise of 17.00% in the trailing four quarters. The Zacks Consensus Estimate for 2018 earnings moved up 9.3% to $8.25 over the past 60 days.
Ducommun pulled off an average positive earnings surprise of 129.04% in the trailing four quarters. The Zacks Consensus Estimate for fiscal 2018 earnings rose 24.3% to 92 cents over the past 60 days.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A few better-ranked stocks in the same space are Aerojet Rocketdyne AJRD ), Teledyne Technologies TDY and Ducommun DCO . Click to get this free report Teledyne Technologies Incorporated (TDY): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Raytheon's MTS are sensors that provide electro-optical/infrared (EO/IR), laser designation and laser illumination capabilities, all of which remain integrated in a single sensor package.Combat proven, with nearly four million operational flight hours, the MTS product family offers detailed intelligence data from the visual and infrared spectrum to support U.S. military, civilian and allied missions around the world. | A few better-ranked stocks in the same space are Aerojet Rocketdyne AJRD ), Teledyne Technologies TDY and Ducommun DCO . Click to get this free report Teledyne Technologies Incorporated (TDY): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Raytheon's MTS are sensors that provide electro-optical/infrared (EO/IR), laser designation and laser illumination capabilities, all of which remain integrated in a single sensor package.Combat proven, with nearly four million operational flight hours, the MTS product family offers detailed intelligence data from the visual and infrared spectrum to support U.S. military, civilian and allied missions around the world. | Click to get this free report Teledyne Technologies Incorporated (TDY): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the same space are Aerojet Rocketdyne AJRD ), Teledyne Technologies TDY and Ducommun DCO . Raytheon's MTS are sensors that provide electro-optical/infrared (EO/IR), laser designation and laser illumination capabilities, all of which remain integrated in a single sensor package.Combat proven, with nearly four million operational flight hours, the MTS product family offers detailed intelligence data from the visual and infrared spectrum to support U.S. military, civilian and allied missions around the world. | A few better-ranked stocks in the same space are Aerojet Rocketdyne AJRD ), Teledyne Technologies TDY and Ducommun DCO . Click to get this free report Teledyne Technologies Incorporated (TDY): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. What's an MTS? | 73f23b2c-0863-4adf-a417-1d22af1fd988 |
710192.0 | 2018-08-31 00:00:00 UTC | Ducommun (DCO) Hits 52-Week High, Can the Run Continue? | DCO | https://www.nasdaq.com/articles/ducommun-dco-hits-52-week-high-can-the-run-continue-2018-08-31 | nan | nan | Have you been paying attention to shares of Ducommun (DCO)? Shares have been on the move with the stock up 26.1% over the past month. The stock hit a new 52-week high of $41.24 in the previous session. Ducommun has gained 43.4% since the start of the year compared to the 9.3% move for the Zacks Aerospace sector and the 11.7% return for the Zacks Aerospace - Defense Equipment industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on August 6, 2018, Ducommun reported EPS of $0.14 versus consensus estimate of $0.04 while it beat the consensus revenue estimate by 6.05%.
For the current fiscal year, Ducommun is expected to post earnings of $0.92 per share on $615.42 million in revenues. This represents a -30.83% change in EPS on a 10.25% change in revenues. For the next fiscal year, the company is expected to earn $2.02 per share on $630.74 million in revenues. This represents a year-over-year change of 119.57% and 2.49%, respectively.
Valuation Metrics
Ducommun may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Ducommun has a Value Score of B. The stock's Growth and Momentum Scores are B and B, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 44.4X current fiscal year EPS estimates. On a trailing cash flow basis, the stock currently trades at 12.1X versus its peer group's average of 15.7X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Ducommun currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Ducommun meets the list of requirements. Thus, it seems as though Ducommun shares could have potential in the weeks and months to come.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Have you been paying attention to shares of Ducommun (DCO)? Click to get this free report Ducommun Incorporated (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. For the current fiscal year, Ducommun is expected to post earnings of $0.92 per share on $615.42 million in revenues. | Have you been paying attention to shares of Ducommun (DCO)? Click to get this free report Ducommun Incorporated (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. In its last earnings report on August 6, 2018, Ducommun reported EPS of $0.14 versus consensus estimate of $0.04 while it beat the consensus revenue estimate by 6.05%. | Have you been paying attention to shares of Ducommun (DCO)? Click to get this free report Ducommun Incorporated (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). | Have you been paying attention to shares of Ducommun (DCO)? Click to get this free report Ducommun Incorporated (DCO): Free Stock Analysis Report To read this article on Zacks.com click here. In its last earnings report on August 6, 2018, Ducommun reported EPS of $0.14 versus consensus estimate of $0.04 while it beat the consensus revenue estimate by 6.05%. | f4f9c330-5274-4783-963b-6172ce4dd448 |
710193.0 | 2018-05-22 00:00:00 UTC | CFTC Publishes New Advisory to Clarify Crypto Futures Trading | DCO | https://www.nasdaq.com/articles/cftc-publishes-new-advisory-to-clarify-crypto-futures-trading-2018-05-22 | nan | nan | The Commodity Futures Trading Commission (CFTC) - the United States' top-ranking derivatives regulator - has published an advisory providing further guidance to both clearinghouses and exchanges seeking to list cryptocurrencies on their platforms. The cryptocurrency space has been riddled with concerns about the vetting process for contracts, like bitcoin futures, and the CFTC is looking to clear the air.
Staff members have issued the following statement:
"Commodity Futures Trading Commission ("CFTC" or "Commission") staff believes it is important to encourage innovation and growth in these products, but within an appropriate oversight framework that enables exchanges and clearinghouses to operate within the confines of the core principles. To this end, Commission staff continues to monitor developments in these products and discuss the risks and challenges they present with industry and market participants."
The CFTC says it's focusing on the latest "best practices" for launching cryptocurrency derivative contracts, saying that exchanges should be able to monitor "underlying cryptocurrency spot markets" and coordinate with federal regulators. They should also be allowed to contact market participants and request comments regarding pending contract launches.
Division of Clearing and Risk Director Brian Bussey mentioned , "CFTC staff is providing this information, in part, to aid market participants in their efforts to design risk management programs that address the new risks imposed by virtual currency products. In addition, the guidance is designed to help ensure that market participants follow appropriate governance processes with respect to the launch of these products."
While the advisory is not considered a final "compliance checklist," it does offer insight pertaining to current CFTC expectations and aims to assist both clearinghouses and exchanges in keeping up with changes in the crypto market. The guidance provided in the report includes enhanced market surveillance, large trader reporting, outreach to stakeholders and derivatives clearing organization ( DCO ) risk management.
Both CME Group and Cboe Global Markets were among the first trading platforms to launch bitcoin futures contracts in December 2017. At the time, both companies had consulted with the CFTC on a strictly limited basis. Bitcoin's volatile nature and price swings caused many Wall Street players - including the Futures Industry Association - to request that the CFTC further examine virtual currency derivatives before allowing them to be traded.
Thus far, bitcoin futures have behaved as few new contracts have, and their liquidity continues to grow through limited means. However, a study conducted by the Federal Reserve Bank of San Francisco ultimately discovered that the release of bitcoin futures led to the steep drop in cryptocurrency prices last January by allowing "pessimists" to enter the game.
The CFTC has been in control of bitcoin activity since 2015 through the Commodity Exchange Act. The organization has worked extensively to rid the cryptocurrency space of unregistered futures exchanges and protect consumers from fraud, manipulation and illicit practices.
To read the full advisory, click here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The guidance provided in the report includes enhanced market surveillance, large trader reporting, outreach to stakeholders and derivatives clearing organization ( DCO ) risk management. The Commodity Futures Trading Commission (CFTC) - the United States' top-ranking derivatives regulator - has published an advisory providing further guidance to both clearinghouses and exchanges seeking to list cryptocurrencies on their platforms. Bitcoin's volatile nature and price swings caused many Wall Street players - including the Futures Industry Association - to request that the CFTC further examine virtual currency derivatives before allowing them to be traded. | The guidance provided in the report includes enhanced market surveillance, large trader reporting, outreach to stakeholders and derivatives clearing organization ( DCO ) risk management. The Commodity Futures Trading Commission (CFTC) - the United States' top-ranking derivatives regulator - has published an advisory providing further guidance to both clearinghouses and exchanges seeking to list cryptocurrencies on their platforms. Staff members have issued the following statement: "Commodity Futures Trading Commission ("CFTC" or "Commission") staff believes it is important to encourage innovation and growth in these products, but within an appropriate oversight framework that enables exchanges and clearinghouses to operate within the confines of the core principles. | The guidance provided in the report includes enhanced market surveillance, large trader reporting, outreach to stakeholders and derivatives clearing organization ( DCO ) risk management. The Commodity Futures Trading Commission (CFTC) - the United States' top-ranking derivatives regulator - has published an advisory providing further guidance to both clearinghouses and exchanges seeking to list cryptocurrencies on their platforms. The CFTC says it's focusing on the latest "best practices" for launching cryptocurrency derivative contracts, saying that exchanges should be able to monitor "underlying cryptocurrency spot markets" and coordinate with federal regulators. | The guidance provided in the report includes enhanced market surveillance, large trader reporting, outreach to stakeholders and derivatives clearing organization ( DCO ) risk management. The Commodity Futures Trading Commission (CFTC) - the United States' top-ranking derivatives regulator - has published an advisory providing further guidance to both clearinghouses and exchanges seeking to list cryptocurrencies on their platforms. They should also be allowed to contact market participants and request comments regarding pending contract launches. | 13449094-3101-432c-85e3-cc3607118c25 |
710194.0 | 2018-05-01 00:00:00 UTC | New Strong Buy Stocks for May 1st | DCO | https://www.nasdaq.com/articles/new-strong-buy-stocks-may-1st-2018-05-01 | nan | nan | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
CBIZ, Inc. (CBZ): This company that provides professional business services has seen the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.
CBIZ, Inc. Price and Consensus
CBIZ, Inc. price-consensus-chart | CBIZ, Inc. Quote
China Petroleum & Chemical Corporation (SNP): This energy and chemical company has seen the Zacks Consensus Estimate for its current year earnings increasing 15.9% over the last 60 days.
China Petroleum & Chemical Corporation Price and Consensus
China Petroleum & Chemical Corporation price-consensus-chart | China Petroleum & Chemical Corporation Quote
CRA International, Inc. (CRAI): This consulting company has seen the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days.
CRA International,Inc. Price and Consensus
CRA International,Inc. price-consensus-chart | CRA International,Inc. Quote
Ducommun Incorporated (DCO): This company that provides engineering and manufacturing products and services has seen the Zacks Consensus Estimate for its current year earnings increasing 0.6% over the last 60 days.
Ducommun Incorporated Price and Consensus
Ducommun Incorporated price-consensus-chart | Ducommun Incorporated Quote
Penn National Gaming, Inc. (PENN): This owner and manager of gaming and racing facilities has seen the Zacks Consensus Estimate for its current year earnings increasing 4.7% over the last 60 days.
Penn National Gaming, Inc. Price and Consensus
Penn National Gaming, Inc. price-consensus-chart | Penn National Gaming, Inc. Quote
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here
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China Petroleum & Chemical Corporation (SNP): Free Stock Analysis Report
Penn National Gaming, Inc. (PENN): Free Stock Analysis Report
Ducommun Incorporated (DCO): Free Stock Analysis Report
CRA International,Inc. (CRAI): Free Stock Analysis Report
CBIZ, Inc. (CBZ): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Quote Ducommun Incorporated (DCO): This company that provides engineering and manufacturing products and services has seen the Zacks Consensus Estimate for its current year earnings increasing 0.6% over the last 60 days. Click to get this free report China Petroleum & Chemical Corporation (SNP): Free Stock Analysis Report Penn National Gaming, Inc. (PENN): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report CRA International,Inc. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: CBIZ, Inc. (CBZ): This company that provides professional business services has seen the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days. | Click to get this free report China Petroleum & Chemical Corporation (SNP): Free Stock Analysis Report Penn National Gaming, Inc. (PENN): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report CRA International,Inc. Quote Ducommun Incorporated (DCO): This company that provides engineering and manufacturing products and services has seen the Zacks Consensus Estimate for its current year earnings increasing 0.6% over the last 60 days. CBIZ, Inc. Price and Consensus CBIZ, Inc. price-consensus-chart | CBIZ, Inc. Quote China Petroleum & Chemical Corporation (SNP): This energy and chemical company has seen the Zacks Consensus Estimate for its current year earnings increasing 15.9% over the last 60 days. | Click to get this free report China Petroleum & Chemical Corporation (SNP): Free Stock Analysis Report Penn National Gaming, Inc. (PENN): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report CRA International,Inc. Quote Ducommun Incorporated (DCO): This company that provides engineering and manufacturing products and services has seen the Zacks Consensus Estimate for its current year earnings increasing 0.6% over the last 60 days. China Petroleum & Chemical Corporation Price and Consensus China Petroleum & Chemical Corporation price-consensus-chart | China Petroleum & Chemical Corporation Quote CRA International, Inc. (CRAI): This consulting company has seen the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days. | Quote Ducommun Incorporated (DCO): This company that provides engineering and manufacturing products and services has seen the Zacks Consensus Estimate for its current year earnings increasing 0.6% over the last 60 days. Click to get this free report China Petroleum & Chemical Corporation (SNP): Free Stock Analysis Report Penn National Gaming, Inc. (PENN): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report CRA International,Inc. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: CBIZ, Inc. (CBZ): This company that provides professional business services has seen the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days. | c27097c4-f6b7-4718-bd6c-a88f9451e35c |
710195.0 | 2017-11-01 00:00:00 UTC | The Evolving Economics Of Bitcoin, Gold And Fiat Currencies | DCO | https://www.nasdaq.com/articles/evolving-economics-bitcoin-gold-and-fiat-currencies-2017-11-01 | nan | nan | By CME Group :
By Bluford Putnam & Erik Norland
An inherent tension exists between the two major purposes of money. Currencies that are perceived as great stores of value, such as gold and bitcoin, make for poor mediums of exchange. By contrast, currencies that are effective mediums of exchange, such as fiat currencies used the world over, can make for dubious stores of value. Where a currency falls on the store of value versus medium of exchange spectrum influences its usefulness as a unit of account and a standard of deferred payment.
Supply Scarcity and Stores of Value
As stores of value, many investors perceive gold and, more recently, bitcoin as second to none. Since 1971, gold has appreciated from $35 per ounce to around $1,300 at the time of this writing, a gain of over 3,500%. Bitcoins have done even better. On July 19, 2010, a bitcoin was worth $0.08. At the time of this writing, it's priced close to $5,300 per bitcoin, a gain of over 6,000,000% in seven years. Not bad!
Figure 1: Gold and Bitcoin Have Been Great Stores of Value.
Whether gold and bitcoin really are stores of value is not universally accepted. Viewed from a fiat currency perspective, such as that of the U.S. dollar, bitcoin and gold are, to say the least, not without risk. Over the past 12 months, the annualized standard deviation of gold has been 12%. Gold had a 70% drawdown between 1980 and 1998. Compared to bitcoin, the gold market looks sleepy. Bitcoin owners experienced a 60% annualized standard deviation over the past 12 months and in the past, it has achieved a mind boggling 175% annualized risk (Figure 2). Moreover, in its short life, it has already had drawdowns of 93% and 84% (Figure 3).
Drawdowns of such magnitude do sound crazy yet investors still allocate funds to other markets which have experienced large drawdowns. The U.S. equity market, which experienced an 89% drawdown between 1929 and 1933, from which it took until 1954 to recover. Since then, it has experienced a 47% drawdown in 1973-74, a 50% drawdown in 2000-2002 and a 60% drawdown from October 2007 to March 2009. Crude oil prices are currently 67% off their 2008 highs. The difference being, of course, that few investors would argue that stocks and crude oil are stores of value. Rather, investors perceive them as being risky investments.
Figure 2: Stores of Value are Not Without Risk When Viewed from a USD Perspective.
Figure 3: What's a 93% Drawdown Among Friends?
However volatile they may be, the reason why gold and bitcoin are perceived as stores of value is simple: their money supply doesn't grow quickly and, in the case of bitcoin not at all, some day. Both gold and bitcoin money supply growth is determined by mining output. Over the past half century, new gold mining supply has added anywhere from 1.1% to 2.4% to the existing stock of previously mined gold (Figure 4) and gold prices tend to vary inversely with the degree of mining supply coming on line. This is much slower growth than the money supply of the U.S. dollar and credit. Even during the 14 years prior to the 2008 financial crisis, the Federal Reserve's balance sheet, one of many proxies for the amount of money in the system, grew by 5.6% per annum. Since the fall of 2008, it has expanded by nearly 20% per year.
Cryptocurrencies such as bitcoin have very specific processes for expanding their money supply - mining by technology with strict limits. For bitcoin, most of the "mining" activity happens in China. The strict money supply rules mean that if demand grows, as it has, the price can soar, which it has. Some observers, such as economist and Nobel laureate Robert Shiller, have suggested that the rapid rise in bitcoin prices resembled a financial bubble. Nevertheless, Shiller also notes that from his perspective, gold has been in 5,000-year bubble.
Bitcoin's mining supply grew at an infinite pace in 2009 when the currency burst into existence. This year it will likely slow to around 4.2% and then drop to below 2% per year after 2020. Sometime around 2140, the last new bitcoin ever will be mined, bringing the total to 21 million (Figure 5). The bitcoin market anticipates this, hence the extraordinary bull market in the digital currency. This contrasts with gold, whose price has been depressed by 94 million new ounces coming onto the market each year.
Figure 4: Gold Prices Vary Inversely with Mining Supply.
Figure 5: The Bitcoin Algorithm Reaches a Theoretical Limit of 21 Million.
While bitcoin has delivered its holders spectacular, if highly volatile returns, what's most amazing is how little it's worth, even at $5,800 per coin. If one assumes that there will be 21 million coins in existence by 2140, that means that their aggregate present value comes to $120 billion. While it is nothing to sneeze at, it pales in comparison to the outstanding value of the nearly 5 billion ounces of previously mined gold whose total worth is over $6 trillion at current prices. Moreover, the 94 million ounces that will come out of the world's mines in 2017 have a value of nearly $120 billion at current market prices, about the same theoretical value of all the bitcoins that will ever come into existence. While there is no logical reason to suppose that bitcoin should have the same value as gold, if it did, each bitcoin should be worth approximately $285,000, 45 times the current market price. As such, one might wonder: is bitcoin still vastly undervalued even after a 6,000,000% rally?
Bitcoin, Gold and Fiat Currencies Demand and Regulation
While gold and bitcoin supply comes from miners, what drives demand is another story. Gold's demand side is mainly as jewelry and as an alternative currency that get stored in vaults, albeit one that pays no interest. As such, when interest rate expectations increase, gold prices tend to fall and vice versa.
By contrast, demand for bitcoin has a reputation of being used for money laundering, tax evasion and avoidance of regulated cross-border money flows. The motivation is that the transactions are extremely hard to trace, yet they offer considerable security. Proponents of bitcoin and cryptocurrencies would argue that the reputation of cryptocurrencies being used for criminal purposes may not be entirely fair. After all, fiat currency cash is used by criminal organizations and tax evaders the world over.
A little historical background may be informative. When the euro was introduced at the end of the 1990s, illegal drug and money laundering transactions in Europe, including Eastern Europe, were often conducted in large denomination Deutsche Mark ( DM ) paper currency. The advent of the euro meant that the DM cash notes had to be turned in and exchanged for euros, and the unintended consequence was that large denomination U.S. dollar paper currency filled the void left by the DM. This switch from DM to U.S. dollars actually helped push the euro lower against the U.S. dollar around the time of the transition.
It is also worth noting that of the $1 trillion or so of U.S. paper currency outstanding, about 50% resides outside the United States. Unfortunately for drug dealers and money launderers, the digital revolution is rapidly eliminating the need for paper currency and even the ability to use it secretly and discreetly. Bars, restaurants, and dry cleaners are no long bastions of cash transactions. This has created a market opportunity, so to speak, for cryptocurrencies that can facilitate secure, yet difficult to trace transactions.
Regulators, tax collectors, central banks, etc., around the world can be expected to act aggressively to combat illegal uses of digital currencies, especially as they gain traction in the global economy. U.S. regulators are beginning to act. The Securities and Exchange Commission (SEC) has launched fraud cases. China has started to rein in the use of cryptocurrencies for moving money out of the country.
Regulators are also moving to bring cryptocurrency platforms into the mainstream. For example, in July 2017, the Commodities Futures Trading Commission (CFTC) approved a new Derivatives Clearing Organization (( DCO )) which was also granted an order of registration as a Swap Execution Facility (( SEF )). Under the order, the new DCO will be authorized to provide clearing services for fully-collateralized digital currency swaps (i.e., Bitcoins, etc.). Several other countries are also onboard with encouraging cryptocurrencies for legal commerce, including Japan and South Korea.
Some of the cryptocurrency platforms are starting to perform active user due diligence in terms of Know Your Client (KYC) and Anti-Money Laundering (AML), putting them in a position to successfully meet a variety of regulatory tests and become more mainstream with their business models.
And, one should recognize that regulation does not mean the demise of cryptocurrencies - only that the motivating uses will eventually have to be dominated by legal activities. For now, the regulatory landscape for cryptocurrencies is very much a moving target around the world.
Medium of Exchange and the Benefits of Inflation
While gold has proven to be a great, if volatile, store of value, essentially nobody still uses gold as a medium of exchange. When was the last time that you heard of somebody buying groceries, clothing, a new house or a new car with gold coins? The problem for gold as a medium of exchange is simple: why would you part company with it now if you think that it might be worth more in the future? This problem applied doubly (or exponentially) for bitcoin and other cryptocurrencies. Wouldn't you have regretted paying 20 bitcoins for a $40,000 car in June 2017 only to see the same 20 bitcoins valued at nearly $100,000 by October of the same year?
Basically, the overwhelming majority of transactions are in fiat currencies created by central banks. These currencies tend to lose their value over time, not just against gold and bitcoin as we have seen, but also against the baskets of goods included in consumer price indices. Some fiat currencies lose their value slowly, others do so quickly. That loss of value is precisely what makes them useful. Without the fear of inflation, holders of currency tend to hoard rather than spend it. Hoarding currency depresses economic growth and creates financial instability. The Japanese yen, the one fiat currency that has experienced deflation over the past few decades, is a case in point. Far from being a virtuous store of value, the Japanese deflation produced a depressed, underperforming economy.
Likewise, both gold and silver were extensively used as currencies in the past and both produced less than desirable economic outcomes. Despite the rosy history of the gold standard written by gold bugs, economic reality under the gold standard was harsh. While laboring under the gold standard, the United States experienced high economic volatility (Figure 6) and repeated economic depressions: 1873-79, 1884, 1893-98, 1907, 1920 and the Great Depression of the 1930s. Between 1877 and 1933, when then President Franklin Roosevelt confiscated the nation's gold and devalued the U.S. dollar to $35 per ounce from $21, per capita GDP rose by just 1% per annum despite tremendous technological progress.
The New Deal was a success. Between 1933 and 1939, real per capita GDP grew by 6.8% per year and that growth accelerated to over 10% per year during the massive, fiat-currency financed, government spending program known as World War Two, which was basically the New Deal on steroids. Post-war, under the Bretton Woods system of fixed exchange rates tied to gold, real per capita GDP expanded by 1.3% between 1945 and 1971 when President Nixon abandoned gold entirely and floated the U.S. dollar. Floating currencies proved a difficult adjustment but despite the volatility of the 1970s and the Great Recession in 2008, U.S. real per capita GDP expanded by 1.7% per year, on average, since Nixon dropped gold and floated the dollar (Figure 7).
Figure 6: The Gold Standard Produced Massive Economic Volatility.
Figure 7: The Gold Standard Also Coincided with Sub-Par Progress in Real Per Capita Income.
Unit of Account and Method of Deferred Payment
It's difficult to use money as a unit of account if it is excessively volatile. While the U.S. dollar loses value versus consumer goods and services over time, it has the virtue of losing that value at a steady rate. By contrast, consumer prices viewed from a gold or bitcoin perspective are excessively volatile making using either currency as a unit of account difficult (Figure 8). Moreover, using either currency as a method of deferred payment would be extremely risky.
Figure 8: Consumer Prices from a USD, Gold and Bitcoin Perspective.
In addition to being volatile, consumer prices tend to be in a strong deflation from both a gold and bitcoin perspective. Since December 1999, consumer prices have risen by 44% in U.S. dollar terms but have fallen 64% in gold terms. From a bitcoin perspective, prices have fallen by 99.98% since the end of 2010. Imagine the economic disaster that would have resulted had people borrowed money in gold or in bitcoins. Paying back loans would be a near impossibility. As such, given the inadequate growth in money supply, and the persistence of long-term deflation, there is little possibility that either bitcoin or gold could be used for deferred payments.
This is the beauty of fiat currencies. Central banks can create as much money as they deem necessary. Moreover, fiat currencies pay interest, and long-term interest rates allow investors to discount future cash flows into the present, creating liquidity, facilitating trade and greasing the wheels of commerce. Essentially, fiat money inflation is the lubricant of the economic engine. This isn't to suggest that either fiat currencies or the central banks that create them are above reproach. They can create too little credit growth (the U.S. during the early 1930s or Japan during the 1990s), too much inflation (the U.S. and Europe during the 1970s), or hyperinflation (Germany in 1923 or in Venezuela or Zimbabwe today). Unlike the gold standard and bitcoin, which depend upon mining supply, central banks can at least attempt to create the right amount of money to keep the economy growing.
Moreover, holders of fiat currency don't necessarily lose their value if they put their currency to work in the banking system and bond markets, which pay interest, or the in the equity market, which tends to increase over time. Although interest rates can be below the rate of inflation, as they were frequently during the 1970s and have been since 2008, for the most part, depositors hold their own against inflation. Over the long term, fiat currencies only lose value if they are kept under the mattress, in cash, in checking or in other non-interest-bearing accounts.
The ability to use a currency as a method deferred payment explains why even under precious metals standards there tends to be so much inflation. Yes, you read that correctly, inflation. Far from preventing inflation, gold and silver standards require currency debasement in order for the economic system to function. For example, under Julius and Augustus Caesar, the Roman denarius contained four ounces of silver. 250 years later, by the late third century, that same coin contained only 2% as much silver as before, implying that it was worth about 1/50th as much. That sounds like a dramatic depreciation but it amounts to an average annual inflation rate of about 1.6%, not far from what central banks target today. Rome's metal-based monetary system functioned only with debasement.
The Roman experience of precious metal currency debasement was just a precursor to future European currency debasement. Essentially every single country in Europe did exactly what Franklin Roosevelt would do in 1933: they resolved financial crises by debasing their currencies (Figure 9). Sometimes the only way to pay off debts, public or private, is to do so with money that is worth less than what it was worth at the time the loans were secured. This is the Achilles heel of gold and bitcoins as currencies. They are stores of value. Stores of value are deflationary and deflation is destabilizing.
Figure 9: Past as Prologue, a Brief History of Currency Debasement.
The Future of Bitcoin
So, will bitcoin rally another 5,000% or more until the outstanding value of the digital currency equals the outstanding value of the world's gold? The short answer is that we don't know. Something is worth what somebody else is willing to pay for it, and how much people in the future will be willing to pay to hold bitcoins is difficult to know. That said, precious metals do hold a potential insight into one factor that might limit bitcoin's future upside.
Just as gold isn't the only precious metal, bitcoin isn't the only digital currency. As we discussed earlier, gold responds negatively to increases in gold mining production. It also responds negatively to increases in silver mining production. Thus, a boom in silver production can contain price rises in gold and vice versa (Figure 10).
Figure 10: Gold and Silver Respond Negatively to Rises in Each Other's Mining Supply.
Likewise, the existence of other digital currencies could limit price upside for bitcoin. Ethereum, Zcash, dash, ripple, monero etc. compete with bitcoin just as silver, and to a lesser extent platinum and palladium, compete with gold. This might keep bitcoin's value in check before it rises another 10 or 100-fold in value.
Indeed, just in the past two years, over 1,000 additional digital currencies have been launched. One could argue that they actually are limiting the rise in bitcoin, whose price appreciation actually has slowed, at least in percentage terms. Even bitcoin itself has split ("forked") into bitcoin, bitcoin cash and bitcoin gold as disagreements within the user community create new iterations of the original currency.
That said, two things argue in favor of bitcoin's continued success: network effects and government regulation. Just as Facebook ( FB ), LinkedIn ( MSFT ) and a handful of other websites or apps dominate social networking, it is possible that the incumbent currencies like bitcoin and ethereum could continue to dominate cryptocurrencies as well for the simple reason that they have large networks of users who accept them. Google's (GOOG) attempt to invade the social networking space with its Facebook equivalent, Google+, didn't turn out so well because the user community was already on Facebook's platform (although Google, by all appearances continues to prosper in other domains). Analogous network effects could work to bitcoin's advantage. If a large community of users accept it, they will be loath to move elsewhere unless a new alternative is truly completing and not a mere copycat.
Isn't the U.S. dollar a bit the same? What makes USD the world's reserve currency isn't just the size of the United States (4% of the world's population and about one fifth of the world economy) and its military might, it's also a network effect: people the world over denominate their foreign transactions in USD. Once enough people agreed to use USD, it began to dominate the world's liquidity and became the primary global reserve currency.
Recently, governments have begun to crackdown on digital currency exchanges in the case of China or at least regulate initial currency offerings (ICOs) in a manner similar to their regulation of initial public offerings (IPOs) of equities. To the extent that ICO regulation limits the creation of new currencies, one unintended by-product could be to restrict competition and to enhance the market position of incumbent currencies like bitcoin and ethereum. Libertarians often rightly accuse government regulation of protecting incumbents by raising barriers to entry. There is no reason to think that cryptocurrencies will be an exception to this rule.
On the other hand, regulation could also give rise to, and bestow legitimacy upon, new cryptocurrencies that lack bitcoin's main attribute and flaw: an asymptotically fixed money supply. A digital currency that replaces fiat currencies as a medium exchange cannot have a fixed supply. In fact, central banks, like the Federal Reserve, might even create their own cryptocurrencies but ones that are designed to optimize economic growth. It will probably need to have constant money supply growth and preferably money supply growth that matches economic needs and not some algorithm's hard, mathematical constraint. In the meantime, bitcoin could continue its role as a sort of purely electronic crypto-gold: a perceived store of value given to great but, perhaps, slowly decreasing volatility.
Bottom Line:
A natural tension exists between stores of value and mediums of exchange.
Gold and bitcoin have been great, if erratic, stores of value.
Gold and bitcoin appreciate because of the slow growth of mining supply.
Fiat currencies are more practical as mediums of exchange because they lose value which encourages holders to exchange them for goods and services.
Strong stores of value encourage hoarding, deflation and financial instability.
They also make for poor units of account and methods of deferred payment.
All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author(s) and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
See also These Markets Tell Gold Where To Go on seekingalpha.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For example, in July 2017, the Commodities Futures Trading Commission (CFTC) approved a new Derivatives Clearing Organization (( DCO )) which was also granted an order of registration as a Swap Execution Facility (( SEF )). Under the order, the new DCO will be authorized to provide clearing services for fully-collateralized digital currency swaps (i.e., Bitcoins, etc.). Regulators, tax collectors, central banks, etc., around the world can be expected to act aggressively to combat illegal uses of digital currencies, especially as they gain traction in the global economy. | For example, in July 2017, the Commodities Futures Trading Commission (CFTC) approved a new Derivatives Clearing Organization (( DCO )) which was also granted an order of registration as a Swap Execution Facility (( SEF )). Under the order, the new DCO will be authorized to provide clearing services for fully-collateralized digital currency swaps (i.e., Bitcoins, etc.). While laboring under the gold standard, the United States experienced high economic volatility (Figure 6) and repeated economic depressions: 1873-79, 1884, 1893-98, 1907, 1920 and the Great Depression of the 1930s. | For example, in July 2017, the Commodities Futures Trading Commission (CFTC) approved a new Derivatives Clearing Organization (( DCO )) which was also granted an order of registration as a Swap Execution Facility (( SEF )). Under the order, the new DCO will be authorized to provide clearing services for fully-collateralized digital currency swaps (i.e., Bitcoins, etc.). Over the past half century, new gold mining supply has added anywhere from 1.1% to 2.4% to the existing stock of previously mined gold (Figure 4) and gold prices tend to vary inversely with the degree of mining supply coming on line. | For example, in July 2017, the Commodities Futures Trading Commission (CFTC) approved a new Derivatives Clearing Organization (( DCO )) which was also granted an order of registration as a Swap Execution Facility (( SEF )). Under the order, the new DCO will be authorized to provide clearing services for fully-collateralized digital currency swaps (i.e., Bitcoins, etc.). Bitcoins have done even better. | db9dd10c-ca17-4d11-9da5-2298c63de251 |
710196.0 | 2017-08-07 00:00:00 UTC | Strength Seen in Aerojet Rocketdyne (AJRD): Stock Soars 14.3% | DCO | https://www.nasdaq.com/articles/strength-seen-in-aerojet-rocketdyne-ajrd%3A-stock-soars-14.3-2017-08-07 | nan | nan | Aerojet Rocketdyne Holdings, Inc.AJRD was a big mover last session, as the company saw its shares rise over 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company-as the stock is now up 24.6% in the past one-month time frame.
The move came after the company reported solid second quarter 2017 results.
The company has not seen any estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Aerojet Rocketdyne currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Aerojet Rocketdyne Holdings, Inc. Price and EPS Surprise
Aerojet Rocketdyne Holdings, Inc. Price and EPS Surprise | Aerojet Rocketdyne Holdings, Inc. Quote
A better-ranked stock in the Aerospace - Defense Equipment industry is Ducommun Incorporated DCO , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Aerojet Rocketdyne Holdings, Inc. Price and EPS Surprise Aerojet Rocketdyne Holdings, Inc. Price and EPS Surprise | Aerojet Rocketdyne Holdings, Inc. Quote A better-ranked stock in the Aerospace - Defense Equipment industry is Ducommun Incorporated DCO , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Aerojet Rocketdyne Holdings, Inc.AJRD was a big mover last session, as the company saw its shares rise over 14% on the day. | Aerojet Rocketdyne Holdings, Inc. Price and EPS Surprise Aerojet Rocketdyne Holdings, Inc. Price and EPS Surprise | Aerojet Rocketdyne Holdings, Inc. Quote A better-ranked stock in the Aerospace - Defense Equipment industry is Ducommun Incorporated DCO , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. | Aerojet Rocketdyne Holdings, Inc. Price and EPS Surprise Aerojet Rocketdyne Holdings, Inc. Price and EPS Surprise | Aerojet Rocketdyne Holdings, Inc. Quote A better-ranked stock in the Aerospace - Defense Equipment industry is Ducommun Incorporated DCO , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Aerojet Rocketdyne Holdings, Inc. Price and EPS Surprise Aerojet Rocketdyne Holdings, Inc. Price and EPS Surprise | Aerojet Rocketdyne Holdings, Inc. Quote A better-ranked stock in the Aerospace - Defense Equipment industry is Ducommun Incorporated DCO , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Ducommun Incorporated (DCO): Free Stock Analysis Report Aerojet Rocketdyne Holdings, Inc. (AJRD): Free Stock Analysis Report To read this article on Zacks.com click here. Aerojet Rocketdyne Holdings, Inc.AJRD was a big mover last session, as the company saw its shares rise over 14% on the day. | 1ebabf1f-cf5f-4884-baa2-c3cfb11ae634 |
710197.0 | 2017-07-25 00:00:00 UTC | Federal Government Approves Regulation Request of LedgerX | DCO | https://www.nasdaq.com/articles/federal-government-approves-regulation-request-of-ledgerx-2017-07-25 | nan | nan | On July 24, LedgerX announced the CFTC's approval for a Derivatives Clearing Organization ( DCO ) license under the Commodity Exchange Act ( CEA ). The license will allow the company to provide clearing services for fully collateralized digital currency swaps for the first time. On July 6, the CFTC also granted LedgerX an order of registration as a Swap Execution Facility. The company, which was founded in 2013, already received a temporary approval as a Swap Execution Facility in 2015.
Despite the approval, the CFTC highlighted that LedgerX's current authorization "does not constitute or imply a Commission endorsement of the use of digital currency generally, or bitcoin specifically." The Commission added that, along with the approval, it had issued a letter on July 24 exempting LedgerX from "certain regulations" implied by the CFTC due to the firm's fully collateralized clearing model.
By obtaining a DCO license, LedgerX will be able to provide specific services on the company's platform to participants, including obtaining and hedging bitcoin and other cryptocurrencies by using exchange-traded and centrally cleared option contracts. With the regulatory approval, the company expects to list one- to six-month options contracts for bitcoin in addition to adding contracts for other cryptocurrencies, such as ETH options.
"A U.S. federally regulated venue for derivative contracts settling in digital currencies opens the market to a much larger customer base," Paul L. Chou, the CEO of LedgerX, said in a statement. "We are seeing strong demand from institutions that previously could not participate in the bitcoin market due to compliance restrictions against unregulated venues. In particular, there is a desire for fund managers to hold financial instruments that are not correlated with the broader equity market, and digital currencies meet that need."
LedgerX is planning to provide required services, such as surveillance and transparency, for institutional investors. According to the company, participants eligible for LedgerX's services include registered broker dealers, banks, futures commission merchants, qualified commodity pool entities and qualified high-net-worth investors.
"These are exciting times to have a new digital asset class emerge. I hope that the effort LedgerX put forward in the U.S. can set the stage for a global approach to this new digital asset class," Mark Wetjen, a member of the board of directors for LedgerX's parent company, Ledger Holdings, stated.
According to Chou , the approval for the license took more than two years partly because of a long education process. LedgerX secured $11.4 million of funding in May, led by Miami International Holdings Inc. and China's Huiyin Blockchain Venture Investments, to acquire the clearing license from the CFTC.
"LedgerX's registration is a historic milestone for derivatives and for digital currencies. To me, it is equivalent to the launch of currency futures back in 1972 that heralded the beginning of exchange-traded and cleared derivatives based on financial products," Gary DeWaal of Katten Muchin Rosenman LLP, one of the companies assisting LedgerX during its CFTC application process, said in a statement.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On July 24, LedgerX announced the CFTC's approval for a Derivatives Clearing Organization ( DCO ) license under the Commodity Exchange Act ( CEA ). By obtaining a DCO license, LedgerX will be able to provide specific services on the company's platform to participants, including obtaining and hedging bitcoin and other cryptocurrencies by using exchange-traded and centrally cleared option contracts. The Commission added that, along with the approval, it had issued a letter on July 24 exempting LedgerX from "certain regulations" implied by the CFTC due to the firm's fully collateralized clearing model. | On July 24, LedgerX announced the CFTC's approval for a Derivatives Clearing Organization ( DCO ) license under the Commodity Exchange Act ( CEA ). By obtaining a DCO license, LedgerX will be able to provide specific services on the company's platform to participants, including obtaining and hedging bitcoin and other cryptocurrencies by using exchange-traded and centrally cleared option contracts. The license will allow the company to provide clearing services for fully collateralized digital currency swaps for the first time. | By obtaining a DCO license, LedgerX will be able to provide specific services on the company's platform to participants, including obtaining and hedging bitcoin and other cryptocurrencies by using exchange-traded and centrally cleared option contracts. On July 24, LedgerX announced the CFTC's approval for a Derivatives Clearing Organization ( DCO ) license under the Commodity Exchange Act ( CEA ). Despite the approval, the CFTC highlighted that LedgerX's current authorization "does not constitute or imply a Commission endorsement of the use of digital currency generally, or bitcoin specifically." | By obtaining a DCO license, LedgerX will be able to provide specific services on the company's platform to participants, including obtaining and hedging bitcoin and other cryptocurrencies by using exchange-traded and centrally cleared option contracts. On July 24, LedgerX announced the CFTC's approval for a Derivatives Clearing Organization ( DCO ) license under the Commodity Exchange Act ( CEA ). The license will allow the company to provide clearing services for fully collateralized digital currency swaps for the first time. | 0c83a5ea-e04e-498e-a2db-26142a68437d |
710198.0 | 2017-07-05 00:00:00 UTC | Raytheon Wins $25M Navy Deal to Support AEGIS Modernization | DCO | https://www.nasdaq.com/articles/raytheon-wins-%2425m-navy-deal-to-support-aegis-modernization-2017-07-05 | nan | nan | Defense behemoth, Raytheon CompanyRTN has secured a contract in relation to a previously awarded delivery order for supplying production requirements associated with Advanced Electronic Guidance and Instrumentation System (AEGIS) modernization. Work for this deal is scheduled to be over by Dec 2019.
Details of the Deal
Valued at $25.2 million, the new contract was awarded by the Naval Sea Systems Command, Washington, D.C. However, the cumulative value of this contract can reach $36.5 million on exercise of options included in this order.
Per the terms, Raytheon will manufacture Solid State Switch Assembly (SSSA) Ordnance Alteration kits and spares, as well as test and installation efforts to support the AEGIS Modernization (AMOD) program. Majority of the work will be carried out in Andover and Marlborough, MA. The contractor will utilize fiscal 2016 and 2017 other procurement (Navy) funds to complete the work.
What's AEGIS & AMOD?
AEGIS is an integrated missile guidance system - primarily manufactured by Lockheed Martin Corp. LMT . It is used on U.S. Navy and allied ships to protect the battle group. Aegis Ballistic Missile Defense (ABMD) is the world's only maritime Ballistic Missile Defense System (BMDS), which can simultaneously attack land targets, submarines and surface ships while protecting the fleet against aircraft, cruise missiles and ballistic missiles.
The AMOD program includes combat system upgrades that enhance the anti-air warfare and ballistic missile defense capabilities of AEGIS equipped DDG 51 Arleigh Burke-class destroyers and CG 47 Ticonderoga-class warships.
Since AEGIS' inception, Raytheon has been the designated manufacturer of two of its notable components - the SPY-1D (V) high-powered radar Transmitter that tracks and guides missile functions and the MK 99 Fire Control System that communicates with the missile control station.
Our View
Raytheon's Integrated Defense Systems (IDS) segment is one of the leading suppliers of large land- and sea-based radar solutions. Moreover, the company offers the next generation of Gallium Nitride (GaN)-based naval radars, including air and missile defense radar as well as enterprise air surveillance radar for the U.S. Navy and international customers.
With President Trump long being a supporter of increased defense spending, the budgetary scenario is currently in favor of defense biggies like Raytheon. To this end, the fiscal 2017 budget appropriation proposed by Trump in March this year included investment proposal worth $13.5 billion. The funds would be utilized in procuring a handful of defense equipment that include tactical missiles and Lockheed's Terminal High Altitude Area Defense interceptors.
These new opportunities may have led the company to raise its bookings outlook for the year by $500 million. More such contracts in the days to come will no doubt further boost the bookings of the company.
Price Movement
Raytheon's stock is up 14.5% on a year-to-date basis, outperforming the Zacks categorized Aerospace-Defense Equipment industry's gain of 10.2%. This could be because of rising demand for its defense equipment from the Middle East and North Africa region (MENA) and growth in foreign military sales (FMS) contracts. Additionally, the company poses strong competition for its peers, including Ducommun Incorporated DCO and Triumph Group, Inc. TGI .
Zacks Rank
Raytheon currently holds a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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Lockheed Martin Corporation (LMT): Free Stock Analysis Report
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Raytheon Company (RTN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Additionally, the company poses strong competition for its peers, including Ducommun Incorporated DCO and Triumph Group, Inc. TGI . Click to get this free report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Defense behemoth, Raytheon CompanyRTN has secured a contract in relation to a previously awarded delivery order for supplying production requirements associated with Advanced Electronic Guidance and Instrumentation System (AEGIS) modernization. | Click to get this free report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, the company poses strong competition for its peers, including Ducommun Incorporated DCO and Triumph Group, Inc. TGI . AEGIS is an integrated missile guidance system - primarily manufactured by Lockheed Martin Corp. LMT . | Click to get this free report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, the company poses strong competition for its peers, including Ducommun Incorporated DCO and Triumph Group, Inc. TGI . Aegis Ballistic Missile Defense (ABMD) is the world's only maritime Ballistic Missile Defense System (BMDS), which can simultaneously attack land targets, submarines and surface ships while protecting the fleet against aircraft, cruise missiles and ballistic missiles. | Additionally, the company poses strong competition for its peers, including Ducommun Incorporated DCO and Triumph Group, Inc. TGI . Click to get this free report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Triumph Group, Inc. (TGI): Free Stock Analysis Report Ducommun Incorporated (DCO): Free Stock Analysis Report Raytheon Company (RTN): Free Stock Analysis Report To read this article on Zacks.com click here. The contractor will utilize fiscal 2016 and 2017 other procurement (Navy) funds to complete the work. | 37079830-91d5-406e-b2a7-ff16f9768c8f |
710199.0 | 2017-06-29 00:00:00 UTC | Ducommun Inc (DCO) President & CEO Stephen G Oswald Bought $285,600 of Shares | DCO | https://www.nasdaq.com/articles/ducommun-inc-dco-president-ceo-stephen-g-oswald-bought-285600-shares-2017-06-29 | nan | nan | President & CEO of Ducommun Inc ( DCO ) Stephen G Oswald bought 10,000 shares of DCO on 06/29/2017 at an average price of $28.56 a share. The total cost of this purchase was $285,600.
Ducommun Inc through its subsidiaries provides engineering and manufacturing services for high-performance products and high-cost-of failure applications used in the aerospace, defense, industrial, natural resources, medical and other industries. Ducommun Inc has a market cap of $330.100 million; its shares were traded at around $29.29 with a P/E ratio of 24.21 and P/S ratio of 0.64.
CEO Recent Trades:
President & CEO Stephen G Oswald bought 10,000 shares of DCO stock on 06/29/2017 at the average price of $28.56. The price of the stock has increased by 2.56% since.
Directors and Officers Recent Trades:
VP & Chief HR Officer Rose F Rogers sold 1,000 shares of DCO stock on 06/26/2017 at the average price of $32.18. The price of the stock has decreased by 8.98% since.
Director Robert C Ducommun sold 100 shares of DCO stock on 06/26/2017 at the average price of $32.31. The price of the stock has decreased by 9.35% since.
Director Robert C Ducommun sold 900 shares of DCO stock on 06/20/2017 at the average price of $33.01. The price of the stock has decreased by 11.27% since.
VP, Controller and CAO Christopher D. Wampler sold 1,500 shares of DCO stock on 06/01/2017 at the average price of $32.01. The price of the stock has decreased by 8.5% since.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Director Robert C Ducommun sold 100 shares of DCO stock on 06/26/2017 at the average price of $32.31. Director Robert C Ducommun sold 900 shares of DCO stock on 06/20/2017 at the average price of $33.01. VP, Controller and CAO Christopher D. Wampler sold 1,500 shares of DCO stock on 06/01/2017 at the average price of $32.01. | President & CEO of Ducommun Inc ( DCO ) Stephen G Oswald bought 10,000 shares of DCO on 06/29/2017 at an average price of $28.56 a share. CEO Recent Trades: President & CEO Stephen G Oswald bought 10,000 shares of DCO stock on 06/29/2017 at the average price of $28.56. Directors and Officers Recent Trades: VP & Chief HR Officer Rose F Rogers sold 1,000 shares of DCO stock on 06/26/2017 at the average price of $32.18. | CEO Recent Trades: President & CEO Stephen G Oswald bought 10,000 shares of DCO stock on 06/29/2017 at the average price of $28.56. Director Robert C Ducommun sold 100 shares of DCO stock on 06/26/2017 at the average price of $32.31. Director Robert C Ducommun sold 900 shares of DCO stock on 06/20/2017 at the average price of $33.01. | Director Robert C Ducommun sold 100 shares of DCO stock on 06/26/2017 at the average price of $32.31. Director Robert C Ducommun sold 900 shares of DCO stock on 06/20/2017 at the average price of $33.01. President & CEO of Ducommun Inc ( DCO ) Stephen G Oswald bought 10,000 shares of DCO on 06/29/2017 at an average price of $28.56 a share. | ecf988f3-c3f2-4cdf-8460-001e38853821 |
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