Q2 2019 Earnings Forecast for Dycom Industries, Inc. Issued By B. Riley (DY)

Dycom Industries, Inc. (NYSE:DY) – Research analysts at B. Riley upped their Q2 2019 EPS estimates for Dycom Industries in a research note issued to investors on Wednesday, according to Zacks Investment Research. B. Riley analyst A. Rygiel now anticipates that the construction company will post earnings of $1.92 per share for the quarter, up from their prior forecast of $1.66. B. Riley currently has a “Buy” rating and a $119.00 price target on the stock. B. Riley also issued estimates for Dycom Industries’ Q3 2019 earnings at $1.91 EPS and Q4 2019 earnings at $1.16 EPS.

A number of other equities research analysts also recently commented on the stock. ValuEngine raised shares of Dycom Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. KeyCorp reaffirmed a “buy” rating and issued a $118.00 target price on shares of Dycom Industries in a research report on Thursday, December 21st. Stephens lifted their price target on shares of Dycom Industries from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 20th. Stifel Nicolaus reiterated a “buy” rating and set a $126.00 price target (up previously from $120.00) on shares of Dycom Industries in a research note on Monday, December 11th. Finally, Zacks Investment Research upgraded shares of Dycom Industries from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $115.10.

Dycom Industries (NYSE DY) traded up $2.15 during trading hours on Monday, reaching $118.09. 399,300 shares of the company’s stock were exchanged, compared to its average volume of 427,333. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.86 and a current ratio of 3.16. Dycom Industries has a fifty-two week low of $73.95 and a fifty-two week high of $118.68. The company has a market cap of $3,653.56, a P/E ratio of 27.85, a PEG ratio of 2.34 and a beta of 1.38.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.09. The company had revenue of $756.20 million during the quarter, compared to the consensus estimate of $729.35 million. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 earnings per share.

Hedge funds have recently made changes to their positions in the business. SG Capital Management LLC bought a new stake in shares of Dycom Industries in the 3rd quarter worth about $15,925,000. Castleark Management LLC bought a new stake in shares of Dycom Industries in the 2nd quarter worth about $10,984,000. American Century Companies Inc. increased its holdings in shares of Dycom Industries by 50.4% in the 3rd quarter. American Century Companies Inc. now owns 270,572 shares of the construction company’s stock worth $23,237,000 after buying an additional 90,723 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Dycom Industries by 12.2% in the 3rd quarter. Wells Fargo & Company MN now owns 783,436 shares of the construction company’s stock worth $67,282,000 after buying an additional 85,079 shares during the last quarter. Finally, Caxton Associates LP bought a new stake in shares of Dycom Industries in the 2nd quarter worth about $6,714,000.

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Dycom Industries Company Profile

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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Earnings History and Estimates for Dycom Industries (NYSE:DY)

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