Dycom Industries (DY) Set to Announce Quarterly Earnings on Wednesday

Dycom Industries (NYSE:DY) will 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. Parties interested in registering for the company’s conference call can do so using this link.

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

DY stock opened at $187.52 on Monday. Dycom Industries has a 52 week low of $84.83 and a 52 week high of $207.20. The firm has a market capitalization of $5.46 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 1.55 and a beta of 1.44. The company has a fifty day simple moving average of $188.73 and a two-hundred day simple moving average of $178.01. The company has a quick ratio of 3.25, a current ratio of 3.44 and a debt-to-equity ratio of 0.81.

Analyst Ratings Changes

A number of research analysts have weighed in on DY shares. KeyCorp boosted their price objective on shares of Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Bank of America raised their price objective on shares of Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. StockNews.com cut Dycom Industries from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. B. Riley boosted their price objective on Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Wells Fargo & Company increased their target price on Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $205.57.

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.