Dycom Industries Inc. (DY) Set to Announce Quarterly Earnings on Monday
Dycom Industries Inc. (NYSE:DY) is scheduled to be issuing its Q117 quarterly earnings data on Monday, November 21st. Analysts expect the company to announce earnings of $1.65 per share and revenue of $801.34 million for the quarter.
Dycom Industries (NYSE:DY) last released its quarterly earnings data on Tuesday, August 23rd. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.09. Dycom Industries had a net margin of 4.82% and a return on equity of 27.39%. The firm earned $789.16 million during the quarter, compared to analysts’ expectations of $770.66 million. During the same period in the previous year, the company earned $0.97 earnings per share. The firm’s quarterly revenue was up 36.4% on a year-over-year basis. On average, analysts expect Dycom Industries to post $5.36 EPS for the current fiscal year and $6.22 EPS for the next fiscal year.
Dycom Industries Inc. (NYSE:DY) opened at 89.57 on Thursday. The stock has a market capitalization of $2.81 billion, a PE ratio of 23.03 and a beta of 1.32. Dycom Industries Inc. has a 12-month low of $47.10 and a 12-month high of $98.45. The stock’s 50 day moving average is $82.56 and its 200 day moving average is $84.29.
A number of analysts recently commented on DY shares. Vetr upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating and set a $90.92 target price for the company in a research note on Monday, August 15th. FBR & Co lifted their target price on shares of Dycom Industries from $115.00 to $121.00 and gave the stock an “outperform” rating in a research note on Thursday, August 25th. Zacks Investment Research cut shares of Dycom Industries from a “buy” rating to a “hold” rating in a research note on Monday, August 29th. Wells Fargo & Co. reiterated a “buy” rating on shares of Dycom Industries in a research note on Wednesday, September 28th. Finally, DA Davidson set a $110.00 target price on shares of Dycom Industries and gave the stock a “buy” rating in a research note on Monday, August 22nd. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $98.57.
A number of institutional investors have recently bought and sold shares of the company. Raymond James & Associates purchased a new position in Dycom Industries during the second quarter valued at $898,000. 12th Street Asset Management Company LLC raised its position in Dycom Industries by 12.2% in the second quarter. 12th Street Asset Management Company LLC now owns 364,573 shares of the company’s stock valued at $32,724,000 after buying an additional 39,597 shares during the period. Baird Financial Group Inc. raised its position in Dycom Industries by 43.1% in the second quarter. Baird Financial Group Inc. now owns 11,277 shares of the company’s stock valued at $1,012,000 after buying an additional 3,399 shares during the period. United Services Automobile Association raised its position in Dycom Industries by 69.3% in the second quarter. United Services Automobile Association now owns 8,820 shares of the company’s stock valued at $792,000 after buying an additional 3,610 shares during the period. Finally, Credit Suisse AG raised its position in Dycom Industries by 42.8% in the second quarter. Credit Suisse AG now owns 70,687 shares of the company’s stock valued at $6,345,000 after buying an additional 21,190 shares during the period. 98.72% of the stock is owned by institutional investors.
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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