DPC (NYSE:DPC) Releases Earnings Results, Misses Expectations By $0.03 EPS

DPC (NYSE:DPC) issued its earnings results on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03), FiscalAI reports. The firm had revenue of $268.30 million during the quarter.

DPC Trading Up 9.0%

Shares of DPC traded up $4.64 during mid-day trading on Tuesday, reaching $56.12. 86,222 shares of the stock traded hands, compared to its average volume of 1,393,079. DPC has a 12-month low of $42.50 and a 12-month high of $57.25.

Insider Buying and Selling at DPC

In other news, Director Nick Sanders bought 288,213 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was acquired at an average cost of $33.00 per share, for a total transaction of $9,511,029.00. Following the completion of the purchase, the director owned 288,213 shares of the company’s stock, valued at $9,511,029. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dirkson R. Charles purchased 903,448 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average cost of $33.00 per share, with a total value of $29,813,784.00. Following the completion of the acquisition, the director owned 903,448 shares in the company, valued at approximately $29,813,784. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 2,297,621 shares of company stock valued at $75,821,493.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DPC. Zacks Research raised shares of DPC to a “hold” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada assumed coverage on shares of DPC in a research report on Monday, July 20th. They issued an “outperform” rating and a $53.00 price objective for the company. Morgan Stanley initiated coverage on shares of DPC in a research note on Monday, July 20th. They issued an “equal weight” rating and a $47.00 target price on the stock. Rothschild & Co Redburn assumed coverage on shares of DPC in a report on Monday, July 20th. They set a “buy” rating and a $53.50 target price on the stock. Finally, Wall Street Zen upgraded shares of DPC to a “hold” rating in a report on Saturday, July 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, DPC currently has a consensus rating of “Moderate Buy” and an average target price of $52.38.

About DPC

DPC Holdings is a manufacturer of engineered engine products which include complex precision cast components and nickel- and cobalt-based superalloys primarily serving Aerospace and IGT end markets. DPC Holdings is based in United Kingdom.