Dycom Industries (NYSE:DY) announced its quarterly earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.09, Bloomberg Earnings reports. The business had revenue of $756.20 million for the quarter, compared to the consensus estimate of $729.35 million. Dycom Industries had a return on equity of 22.49% and a net margin of 4.46%. The business’s revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the business posted $1.67 EPS. Dycom Industries updated its Q2 guidance to $0.24-0.36 EPS.
Dycom Industries (NYSE:DY) traded down $0.97 on Thursday, reaching $108.22. The company had a trading volume of 430,317 shares, compared to its average volume of 672,898. Dycom Industries has a 12-month low of $73.95 and a 12-month high of $113.30. The firm has a market cap of $3,393.99, a PE ratio of 23.95, a P/E/G ratio of 2.18 and a beta of 1.38. The company has a current ratio of 3.16, a quick ratio of 2.86 and a debt-to-equity ratio of 1.07.
Several analysts recently issued reports on DY shares. Craig Hallum reissued a “buy” rating and issued a $114.00 price target (up previously from $90.00) on shares of Dycom Industries in a report on Tuesday, November 21st. Deutsche Bank started coverage on Dycom Industries in a report on Tuesday, September 26th. They issued a “buy” rating and a $103.00 price target on the stock. Canaccord Genuity cut their price target on Dycom Industries from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, August 31st. FBR & Co raised their target price on Dycom Industries from $98.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, August 30th. Finally, B. Riley restated a “buy” rating and issued a $119.00 target price (up from $98.00) on shares of Dycom Industries in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. Dycom Industries presently has an average rating of “Buy” and an average price target of $109.40.
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.
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