FY2018 EPS Estimates for Dycom Industries, Inc. Reduced by KeyCorp (DY)
Dycom Industries, Inc. (NYSE:DY) – Analysts at KeyCorp reduced their FY2018 EPS estimates for Dycom Industries in a research report issued to clients and investors on Monday. KeyCorp analyst T. Afzal now anticipates that the construction company will post earnings per share of $3.99 for the year, down from their prior forecast of $4.02. KeyCorp has a “Overweight” rating and a $87.00 price objective on the stock. KeyCorp also issued estimates for Dycom Industries’ FY2020 earnings at $5.45 EPS.
Dycom Industries (NYSE:DY) last released its quarterly earnings data on Monday, November 20th. The construction company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.90 by $0.09. Dycom Industries had a return on equity of 22.49% and a net margin of 4.46%. The company had revenue of $756.20 million during the quarter, compared to the consensus estimate of $729.35 million. During the same period last year, the company earned $1.67 EPS. Dycom Industries’s revenue for the quarter was down 5.4% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: “FY2018 EPS Estimates for Dycom Industries, Inc. Reduced by KeyCorp (DY)” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/fy2018-eps-estimates-for-dycom-industries-inc-reduced-by-keycorp-dy/1724550.html.
Several other research firms also recently commented on DY. ValuEngine upgraded Dycom Industries from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded Dycom Industries from a “hold” rating to a “sell” rating in a report on Wednesday. Craig Hallum reiterated a “buy” rating and issued a $114.00 price objective (up from $90.00) on shares of Dycom Industries in a report on Tuesday. Wells Fargo & Company reiterated an “outperform” rating and issued a $109.00 price objective (up from $88.00) on shares of Dycom Industries in a report on Tuesday. Finally, DA Davidson lifted their price objective on Dycom Industries to $100.00 and gave the stock a “neutral” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $109.40.
Dycom Industries (DY) traded up $1.22 during midday trading on Wednesday, reaching $104.08. The company had a trading volume of 232,582 shares, compared to its average volume of 674,778. Dycom Industries has a 52 week low of $70.88 and a 52 week high of $110.64. The company has a market cap of $3,182.36, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 2.00 and a beta of 1.27. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.16 and a quick ratio of 2.69.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Dycom Industries by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,454,547 shares of the construction company’s stock worth $219,732,000 after purchasing an additional 17,420 shares in the last quarter. State Street Corp lifted its holdings in Dycom Industries by 3.3% in the 2nd quarter. State Street Corp now owns 1,023,232 shares of the construction company’s stock worth $91,602,000 after purchasing an additional 32,975 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Dycom Industries by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 929,812 shares of the construction company’s stock worth $83,236,000 after purchasing an additional 5,163 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in Dycom Industries by 24.1% in the 2nd quarter. Federated Investors Inc. PA now owns 816,246 shares of the construction company’s stock worth $73,070,000 after purchasing an additional 158,312 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Dycom Industries by 12.2% in the 3rd quarter. Wells Fargo & Company MN now owns 783,436 shares of the construction company’s stock worth $67,282,000 after purchasing an additional 85,079 shares in the last quarter.
About Dycom Industries
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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