Dycom Industries, Inc. (DY) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Dycom Industries, Inc. (NYSE:DY) issued its quarterly earnings data on Monday. The construction company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.09, Bloomberg Earnings reports. The company had revenue of $756.20 million for the quarter, compared to analyst estimates of $729.35 million. Dycom Industries had a net margin of 5.13% and a return on equity of 26.68%. The company’s revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.67 earnings per share. Dycom Industries updated its Q2 guidance to $0.24-0.36 EPS.

Shares of Dycom Industries (NYSE:DY) opened at $98.22 on Tuesday. Dycom Industries has a one year low of $70.33 and a one year high of $110.64. The company has a quick ratio of 2.69, a current ratio of 2.95 and a debt-to-equity ratio of 1.10. The firm has a market cap of $2,800.00, a P/E ratio of 17.12, a PEG ratio of 1.68 and a beta of 1.27.

A number of equities analysts recently commented on DY shares. Zacks Investment Research raised shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Canaccord Genuity reduced their price objective on shares of Dycom Industries from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 31st. BidaskClub downgraded shares of Dycom Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Deutsche Bank AG initiated coverage on shares of Dycom Industries in a research note on Tuesday, September 26th. They set a “buy” rating and a $103.00 price objective on the stock. Finally, B. Riley reiterated a “buy” rating and set a $119.00 price objective (up from $98.00) on shares of Dycom Industries in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $106.78.

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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 for Dycom Industries (NYSE:DY)

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