Dycom Industries, Inc. (DY) Scheduled to Post Quarterly Earnings on Monday
Dycom Industries, Inc. (NYSE:DY) will be issuing its quarterly earnings data before the market opens on Monday, November 20th. Analysts expect the company to announce earnings of $1.16 per share for the quarter. Dycom Industries has set its Q1 guidance at $0.81-0.96 EPS.
Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, August 30th. The construction company reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.03. Dycom Industries had a net margin of 5.13% and a return on equity of 26.68%. The firm had revenue of $780.20 million during the quarter, compared to analyst estimates of $798.62 million. During the same quarter last year, the business posted $1.64 EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts expect Dycom Industries to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of Dycom Industries, Inc. (DY) opened at $90.04 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.69 and a current ratio of 2.95. Dycom Industries, Inc. has a one year low of $70.33 and a one year high of $110.64. The stock has a market cap of $2,730.00, a P/E ratio of 16.27, a PEG ratio of 1.60 and a beta of 1.27.
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Several equities research analysts have recently issued reports on the stock. B. Riley restated a “buy” rating on shares of Dycom Industries in a research note on Wednesday, November 1st. FBR & Co raised their price target on shares of Dycom Industries from $98.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, August 30th. Craig Hallum restated a “buy” rating and set a $90.00 price target (down previously from $115.00) on shares of Dycom Industries in a research note on Thursday, August 31st. They noted that the move was a valuation call. KeyCorp upgraded shares of Dycom Industries from a “sector weight” rating to an “overweight” rating and set a $87.00 price target for the company in a research note on Wednesday, August 30th. Finally, Stephens raised their price target on shares of Dycom Industries from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. Dycom Industries currently has an average rating of “Buy” and a consensus price target of $104.11.
Dycom Industries Company Profile
Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.
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