Dycom Industries (DY) Set to Announce Earnings on Wednesday

Dycom Industries (NYSE:DYGet Free Report) is set to post its quarterly earnings results before the market opens on Wednesday, May 22nd. Analysts expect Dycom Industries to post earnings of $1.39 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Dycom Industries (NYSE:DYGet Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.15). Dycom Industries had a return on equity of 22.06% and a net margin of 5.24%. The firm had revenue of $952.50 million for the quarter, compared to the consensus estimate of $968.87 million. During the same period in the previous year, the company posted $0.83 EPS. Dycom Industries’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, analysts expect Dycom Industries to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Dycom Industries Price Performance

DY opened at $152.04 on Tuesday. The company has a current ratio of 3.06, a quick ratio of 2.85 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 1.94 and a beta of 1.37. Dycom Industries has a 12-month low of $78.42 and a 12-month high of $153.44. The business’s fifty day simple moving average is $142.22 and its 200-day simple moving average is $121.78.

Analyst Ratings Changes

DY has been the subject of a number of analyst reports. B. Riley upgraded Dycom Industries from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $101.00 to $172.00 in a research note on Friday, March 8th. Wells Fargo & Company increased their price target on Dycom Industries from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday. Finally, KeyCorp increased their price target on Dycom Industries from $158.00 to $169.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. One equities research 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 company. According to MarketBeat, Dycom Industries has an average rating of “Buy” and an average price target of $147.17.

Read Our Latest Stock Report on Dycom Industries

Insider Buying and Selling at Dycom Industries

In other Dycom Industries news, VP Jason T. Lawson sold 220 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $140.27, for a total value of $30,859.40. Following the sale, the vice president now directly owns 7,793 shares of the company’s stock, valued at $1,093,124.11. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.28% of the stock is owned by corporate insiders.

About Dycom Industries

(Get Free Report)

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.

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Earnings History for Dycom Industries (NYSE:DY)

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