DCO: Recent stuff on Briefing.com
24-May-12 07:47 ET
Ducommun initiated with a Mkt Perform at Rodman & Renshaw (8.82 )
Rodman & Renshaw initiates DCO with a Mkt Perform saying while the upside could warrant a Market Outperform rating, the firm would look for evidence that the company can deliver sustainable improvement in profitability before becoming more aggressive. Additionally, they believe "Street" estimates could be too high and may need to come down.
09-May-12 07:32 ET
Ducommun downgraded to Hold from Buy at BB&T (9.69 )
07-May-12 16:11 ET
Ducommun misses by $0.08, misses on revs (10.29 +0.04)
Reports Q1 (Mar) earnings of $0.23 per share, $0.08 worse than the Capital IQ Consensus Estimate of $0.31; revenues rose 85.0% year/year to $184.3 mln vs the $191.4 mln consensus. "Ducommun's adjusted EBITDA climbed to 10.3% of revenue from 9.1% in the first quarter of 2011, and we reduced our seasonal cash usage by $20.5 million versus first quarter 2011. With our backlog at record levels, the Company continues to benefit from increasing demand across its aerospace platforms, offsetting some near-term weakness in the industrial and natural resources end markets. We feel confident that margins will expand going forward, accompanied by solid cash flow generation, as we achieve operating synergies and pursue new business development initiatives."
Focus Focus Focus Focus !!!!
