Dycom Industries, Inc. (NYSE:DY) – KeyCorp issued their FY2020 EPS estimates for shares of Dycom Industries in a note issued to investors on Tuesday. KeyCorp analyst T. Afzal expects that the construction company will post earnings of $6.75 per share for the year. KeyCorp has a “Overweight” rating and a $123.00 price target on the stock.

Dycom Industries (NYSE:DY) last issued its earnings results 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 net margin of 4.46% and a return on equity of 22.49%. The company had revenue of $756.20 million for the quarter, compared to the consensus estimate of $729.35 million. During the same period in the previous year, the firm earned $1.67 earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis.

Other research analysts also recently issued reports about the stock. B. Riley reaffirmed a “buy” rating on shares of Dycom Industries in a research note on Wednesday, November 1st. Canaccord Genuity reaffirmed a “buy” rating and issued a $125.00 target price (up from $110.00) on shares of Dycom Industries in a research note on Tuesday. Craig Hallum reaffirmed a “buy” rating and issued a $129.00 target price (up from $114.00) on shares of Dycom Industries in a research note on Tuesday. DA Davidson lifted their target price on shares of Dycom Industries to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 21st. Finally, Zacks Investment Research raised shares of Dycom Industries from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $119.90.

Shares of Dycom Industries (NYSE DY) traded up $3.67 during midday trading on Wednesday, hitting $112.90. 360,577 shares of the company traded hands, compared to its average volume of 555,735. The company has a current ratio of 3.16, a quick ratio of 2.86 and a debt-to-equity ratio of 1.07. Dycom Industries has a 12 month low of $73.95 and a 12 month high of $123.99. The stock has a market capitalization of $3,368.61, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 1.56 and a beta of 1.36.

A number of institutional investors have recently modified their holdings of the business. Guggenheim Capital LLC increased its position in Dycom Industries by 166.0% during the 4th quarter. Guggenheim Capital LLC now owns 158,055 shares of the construction company’s stock valued at $17,613,000 after purchasing an additional 98,640 shares during the period. Quantitative Investment Management LLC purchased a new position in Dycom Industries during the 4th quarter valued at $6,897,000. Fred Alger Management Inc. purchased a new position in Dycom Industries during the 4th quarter valued at $28,076,000. 12th Street Asset Management Company LLC increased its position in Dycom Industries by 3.6% during the 4th quarter. 12th Street Asset Management Company LLC now owns 365,287 shares of the construction company’s stock valued at $40,704,000 after purchasing an additional 12,711 shares during the period. Finally, Alliancebernstein L.P. increased its position in Dycom Industries by 15.1% during the 4th quarter. Alliancebernstein L.P. now owns 1,025,193 shares of the construction company’s stock valued at $114,237,000 after purchasing an additional 134,410 shares during the period.

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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.

Earnings History and Estimates for Dycom Industries (NYSE:DY)

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