NEW YORK (TheStreet) -- Ducommun (DCO) shares are climbing 3.14% to $27.89 in early market trading on Friday after the aerospace industry engineering and manufacturing services provider released its fourth quarter earnings results before the opening bell today.
The Carson, CA-based company reported fourth quarter earnings of 46 cents per diluted share, topping analysts' expectations of 30 cents per share for the period by 16 cents. Revenue of $187.6 million also topped analysts' expectations of $185 million in revenue.
The company's DAS segment did see a slight dip in revenue to $78.3 million from $80.8 million in fourth quarter 2013, due mainly to a 27% decrease in space and military revenue. That decrease was partially offset by an 18% increase in commercial aerospace revenue.
TheStreet Ratings team rates DUCOMMUN INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate DUCOMMUN INC (DCO) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: DCO Ratings Report