Dycom Industries (NYSE:DY) Announces Quarterly Earnings Results, Beats Estimates By $0.73 EPS

Dycom Industries (NYSE:DY) announced its earnings results on Wednesday. The construction company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.73, Briefing.com reports. Dycom Industries had a net margin of 5.24% and a return on equity of 22.06%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business posted $1.73 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year.

Dycom Industries Price Performance

Shares of DY opened at $168.54 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.06 and a quick ratio of 2.85. The company has a market cap of $4.90 billion, a P/E ratio of 22.68, a PEG ratio of 2.02 and a beta of 1.37. Dycom Industries has a 12 month low of $78.42 and a 12 month high of $170.39. The stock has a fifty day moving average price of $142.97 and a 200 day moving average price of $122.58.

Insider Transactions at Dycom Industries

In other Dycom Industries news, VP Jason T. Lawson sold 220 shares of Dycom Industries stock in a transaction on Monday, April 1st. The stock was sold at an average price of $140.27, for a total transaction of $30,859.40. Following the sale, the vice president now owns 7,793 shares of the company’s stock, valued at approximately $1,093,124.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.28% of the company’s stock.

Wall Street Analyst Weigh In

DY has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on Dycom Industries from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday. KeyCorp raised their target price on shares of Dycom Industries from $169.00 to $179.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, B. Riley raised Dycom Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $101.00 to $172.00 in a research note on Friday, March 8th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $148.83.

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.