Research Analysts Offer Predictions for Dycom Industries, Inc.’s Q2 2019 Earnings (DY)
Dycom Industries, Inc. (NYSE:DY) – Investment analysts at KeyCorp dropped their Q2 2019 earnings estimates for shares of Dycom Industries in a research note issued to investors on Wednesday. KeyCorp analyst T. Afzal now anticipates that the construction company will post earnings per share of $1.90 for the quarter, down from their previous forecast of $1.93. KeyCorp currently has a “Overweight” rating and a $123.00 price target on the stock.
Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, February 28th. The construction company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. Dycom Industries had a net margin of 5.08% and a return on equity of 18.67%. The firm had revenue of $655.13 million for the quarter, compared to the consensus estimate of $655.72 million. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The company’s quarterly revenue was down 6.6% compared to the same quarter last year.
Dycom Industries (NYSE DY) opened at $109.48 on Monday. Dycom Industries has a 1-year low of $73.95 and a 1-year high of $123.99. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.16 and a quick ratio of 2.86. The company has a market cap of $3,414.46, a price-to-earnings ratio of 28.22, a PEG ratio of 1.55 and a beta of 1.39.
Institutional investors and hedge funds have recently made changes to their positions in the stock. First Personal Financial Services increased its position in Dycom Industries by 214.3% in the fourth quarter. First Personal Financial Services now owns 1,075 shares of the construction company’s stock worth $120,000 after purchasing an additional 733 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Dycom Industries by 6.6% in the second quarter. Public Employees Retirement System of Ohio now owns 1,298 shares of the construction company’s stock worth $116,000 after purchasing an additional 80 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Dycom Industries by 55.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,529 shares of the construction company’s stock worth $170,000 after purchasing an additional 545 shares during the last quarter. Howe & Rusling Inc. increased its position in Dycom Industries by 3,671.1% in the fourth quarter. Howe & Rusling Inc. now owns 1,697 shares of the construction company’s stock worth $189,000 after purchasing an additional 1,652 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in Dycom Industries in the fourth quarter worth $214,000.
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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