Dycom Industries, Inc. (NYSE:DY) – Research analysts at KeyCorp cut their Q3 2018 earnings estimates for shares of Dycom Industries in a note issued to investors on Wednesday. KeyCorp analyst T. Afzal now expects that the construction company will earn $1.18 per share for the quarter, down from their prior estimate of $1.37. KeyCorp has a “Overweight” rating and a $87.00 price objective on the stock. KeyCorp also issued estimates for Dycom Industries’ Q1 2019 earnings at $1.16 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $1.32 EPS, Q4 2019 earnings at $1.67 EPS and FY2020 earnings at $5.37 EPS.

Several other equities research analysts have also recently issued reports on the company. Canaccord Genuity cut their price target on Dycom Industries from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday. Craig Hallum restated a “buy” rating and set a $90.00 price objective (down from $115.00) on shares of Dycom Industries in a research report on Thursday. They noted that the move was a valuation call. FBR & Co boosted their price objective on shares of Dycom Industries from $98.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday. BidaskClub downgraded shares of Dycom Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Finally, ValuEngine downgraded shares of Dycom Industries from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Dycom Industries presently has a consensus rating of “Buy” and an average target price of $105.94.

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Shares of Dycom Industries (DY) traded up 1.12% during trading on Thursday, hitting $81.58. The stock had a trading volume of 168,767 shares. The stock has a market capitalization of $2.54 billion, a P/E ratio of 16.04 and a beta of 1.18. The stock’s 50-day moving average is $84.74 and its 200-day moving average is $91.72. 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 on Tuesday. Stock investors purchased 10,219 call options on the stock. This represents an increase of 940% compared to the typical volume of 983 call options.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, August 30th. The construction company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.03. The firm had revenue of $780.20 million during the quarter, compared to the consensus estimate of $798.62 million. Dycom Industries had a return on equity of 26.68% and a net margin of 5.13%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.64 EPS.

Several large investors have recently bought and sold shares of the company. Teachers Advisors LLC raised its stake in Dycom Industries by 32.9% in the fourth quarter. Teachers Advisors LLC now owns 73,797 shares of the construction company’s stock worth $5,925,000 after buying an additional 18,272 shares in the last quarter. Capstone Asset Management Co. acquired a new stake in Dycom Industries during the first quarter worth $219,000. Louisiana State Employees Retirement System raised its stake in Dycom Industries by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the construction company’s stock worth $734,000 after buying an additional 100 shares in the last quarter. Strs Ohio raised its stake in Dycom Industries by 42.9% in the first quarter. Strs Ohio now owns 3,000 shares of the construction company’s stock worth $278,000 after buying an additional 900 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Dycom Industries by 42.5% in the first quarter. Russell Investments Group Ltd. now owns 64,506 shares of the construction company’s stock worth $5,996,000 after buying an additional 19,252 shares in the last quarter.

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.

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

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