Dycom Industries, Inc. (NYSE:DY) posted its quarterly earnings data on Wednesday. The construction company reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.03, Bloomberg Earnings reports. Dycom Industries had a net margin of 5.30% and a return on equity of 28.96%. The company had revenue of $780.20 million during the quarter, compared to the consensus estimate of $798.62 million. During the same period in the prior year, the business posted $1.64 EPS. The company’s quarterly revenue was down 1.1% on a year-over-year basis. Dycom Industries updated its Q1 guidance to $0.81-0.96 EPS.

Shares of Dycom Industries (NYSE DY) opened at 76.07 on Thursday. The firm has a market capitalization of $2.36 billion, a P/E ratio of 14.96 and a beta of 1.18. The firm’s 50-day moving average is $85.96 and its 200 day moving average is $91.66. Dycom Industries has a 12 month low of $70.33 and a 12 month high of $110.64. Dycom Industries also was the target of some unusual options trading activity on Tuesday. Stock investors acquired 10,219 call options on the stock. This is an increase of approximately 940% compared to the average volume of 983 call options.

Several equities research analysts recently issued reports on DY shares. Zacks Investment Research downgraded shares of Dycom Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. FBR & Co reiterated an “outperform” rating and issued a $112.00 target price (down from $120.00) on shares of Dycom Industries in a research note on Thursday, May 25th. ValuEngine upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. Canaccord Genuity reiterated a “buy” rating and issued a $52.00 target price on shares of Dycom Industries in a research note on Thursday, May 25th. Finally, DA Davidson reiterated a “neutral” rating and issued a $97.00 target price (down from $105.00) on shares of Dycom Industries in a research note on Sunday, May 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $99.93.

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A number of institutional investors have recently modified their holdings of the stock. Lord Abbett & CO. LLC increased its position in shares of Dycom Industries by 54.0% in the second quarter. Lord Abbett & CO. LLC now owns 194,134 shares of the construction company’s stock valued at $17,379,000 after buying an additional 68,060 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Dycom Industries by 6.6% in the second quarter. Public Employees Retirement System of Ohio now owns 1,298 shares of the construction company’s stock valued at $116,000 after buying an additional 80 shares in the last quarter. Verition Fund Management LLC increased its position in shares of Dycom Industries by 343.0% in the second quarter. Verition Fund Management LLC now owns 50,997 shares of the construction company’s stock valued at $4,565,000 after buying an additional 39,484 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Dycom Industries by 7.6% in the second quarter. Sterling Capital Management LLC now owns 26,240 shares of the construction company’s stock valued at $2,349,000 after buying an additional 1,850 shares in the last quarter. Finally, Castleark Management LLC purchased a new position in shares of Dycom Industries during the second quarter valued at $10,984,000.

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.

Earnings History for Dycom Industries (NYSE:DY)

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