Dycom Industries (DY) to Release Earnings on Wednesday

Dycom Industries (NYSE:DY) will issue its quarterly earnings data before the market opens on Wednesday, November 20th. Analysts expect the company to announce earnings of $2.39 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.20. Dycom Industries had a return on equity of 22.28% and a net margin of 5.37%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business earned $2.03 EPS. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, analysts expect Dycom Industries to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Dycom Industries Trading Up 1.5 %

Shares of NYSE:DY opened at $187.52 on Monday. The company has a quick ratio of 3.25, a current ratio of 3.44 and a debt-to-equity ratio of 0.81. Dycom Industries has a 52-week low of $84.83 and a 52-week high of $207.20. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 1.55 and a beta of 1.44. The business has a 50-day moving average price of $188.73 and a 200-day moving average price of $178.01.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America upped their price objective on shares of Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a report on Friday, August 23rd. StockNews.com cut Dycom Industries from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. KeyCorp raised their price objective on shares of Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Wells Fargo & Company raised their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday. Finally, B. Riley raised their target price on Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $205.57.

Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.