Dycom Industries, Inc. (DY) Releases Q2 Earnings Guidance
Dycom Industries, Inc. (NYSE:DY) updated its second quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.24-0.36 for the period, compared to the Thomson Reuters consensus estimate of $0.57. The company issued revenue guidance of $645-675 million, compared to the consensus revenue estimate of $672.54 million.
A number of brokerages have commented on DY. B. Riley reiterated a buy rating on shares of Dycom Industries in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Dycom Industries from a strong sell rating to a hold rating in a research note on Tuesday, October 31st. Stephens increased their price target on shares of Dycom Industries from $105.00 to $120.00 and gave the company an overweight rating in a research note on Thursday. BidaskClub cut shares of Dycom Industries from a hold rating to a sell rating in a research note on Tuesday, August 22nd. Finally, Deutsche Bank AG began coverage on shares of Dycom Industries in a research note on Tuesday, September 26th. They issued a buy rating and a $103.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. Dycom Industries has an average rating of Buy and an average target price of $104.11.
Shares of Dycom Industries, Inc. (DY) traded up $2.14 on Monday, hitting $90.04. 568,900 shares of the stock traded hands, compared to its average volume of 662,950. The company has a market capitalization of $2,800.00, a price-to-earnings ratio of 17.12, a PEG ratio of 1.68 and a beta of 1.27. Dycom Industries, Inc. has a 52 week low of $70.33 and a 52 week high of $110.64. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.95 and a quick ratio of 2.69.
Dycom Industries (NYSE:DY) last released its quarterly earnings results on Monday, November 20th. The construction company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.09. Dycom Industries had a net margin of 5.13% and a return on equity of 26.68%. The business had revenue of $756.20 million for the quarter, compared to analyst estimates of $729.35 million. During the same period last year, the firm earned $1.67 earnings per share. Dycom Industries’s revenue for the quarter was down 5.4% compared to the same quarter last year. sell-side analysts expect that Dycom Industries, Inc. will post 4.35 EPS for the current year.
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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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