Dycom Industries, Inc. (DY) Releases Q1 Earnings Guidance
Dycom Industries, Inc. (NYSE:DY) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.81-0.96 for the period, compared to the Thomson Reuters consensus estimate of $1.43. The company issued revenue guidance of $715-745 million, compared to the consensus revenue estimate of $783.67 million.
Several brokerages have recently weighed in on DY. Zacks Investment Research upgraded Dycom Industries from a hold rating to a buy rating and set a $121.00 price objective for the company in a report on Tuesday, May 16th. FBR & Co restated an outperform rating on shares of Dycom Industries in a report on Monday, June 19th. BidaskClub cut Dycom Industries from a buy rating to a hold rating in a report on Thursday, July 13th. Canaccord Genuity restated a buy rating and issued a $52.00 price objective on shares of Dycom Industries in a report on Thursday, May 25th. Finally, ValuEngine upgraded Dycom Industries from a hold rating to a buy rating in a report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $99.93.
Shares of Dycom Industries, Inc. (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. Dycom Industries, Inc. has a 52 week low of $70.33 and a 52 week high of $110.64. The company has a 50-day moving average of $85.96 and a 200 day moving average of $91.66. Dycom Industries also was the recipient of unusually large options trading activity on Tuesday. Investors bought 10,219 call options on the company. This represents an increase of 940% compared to the typical volume of 983 call options.
Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, August 30th. The construction company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.03. Dycom Industries had a net margin of 5.30% and a return on equity of 28.96%. The firm had revenue of $780.20 million during the quarter, compared to analyst estimates of $798.62 million. During the same period in the previous year, the business posted $1.64 earnings per share. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities research analysts anticipate that Dycom Industries, Inc. will post $5.23 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This piece of content was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/31/dycom-industries-inc-dy-releases-q1-earnings-guidance.html.
About Dycom Industries
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.
Receive News & Stock Ratings for Dycom Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries Inc. and related stocks with our FREE daily email newsletter.