Dycom Industries (DY) Scheduled to Post Earnings on Wednesday

Dycom Industries (NYSE:DY) is scheduled to be issuing 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. Investors that are interested in participating in the company’s conference call can do so using this link.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.20. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. Dycom Industries’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.03 earnings per share. 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 Stock Performance

Shares of NYSE DY opened at $189.30 on Wednesday. The company has a market cap of $5.51 billion, a P/E ratio of 23.52, a P/E/G ratio of 1.56 and a beta of 1.44. Dycom Industries has a 52-week low of $82.71 and a 52-week high of $207.20. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.25 and a current ratio of 3.44. The firm’s fifty day moving average is $187.91 and its two-hundred day moving average is $177.06.

Analyst Ratings Changes

Several brokerages have recently issued reports on DY. Bank of America lifted their target price on Dycom Industries from $198.00 to $204.00 and gave the stock 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 report on Friday, July 26th. KeyCorp raised their target price on shares of Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. B. Riley upped their price target on shares of Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Wells Fargo & Company increased their price objective on shares of Dycom Industries from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Dycom Industries has an average rating of “Buy” and an average price target of $203.43.

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.