Dycom Industries, Inc. (NYSE:DY) – Stock analysts at KeyCorp cut their Q2 2018 earnings per share estimates for shares of Dycom Industries in a research report issued to clients and investors on Monday. KeyCorp analyst T. Afzal now expects that the construction company will post earnings of $0.35 per share for the quarter, down from their previous estimate of $0.53. KeyCorp has a “Overweight” rating and a $87.00 price objective on the stock. KeyCorp also issued estimates for Dycom Industries’ Q4 2018 earnings at $1.47 EPS.

Dycom Industries (NYSE:DY) last issued its earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.09. Dycom Industries had a return on equity of 22.49% and a net margin of 4.46%. The firm had revenue of $756.20 million for the quarter, compared to analyst estimates of $729.35 million. During the same period last year, the company earned $1.67 earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: This news story was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/11/24/dycom-industries-inc-dy-expected-to-earn-q2-2018-earnings-of-0-35-per-share.html.

Other equities research analysts have also issued reports about the company. Craig Hallum reaffirmed a “buy” rating and issued a $114.00 target price (up from $90.00) on shares of Dycom Industries in a research report on Tuesday. Deutsche Bank AG started coverage on Dycom Industries in a research report on Tuesday, September 26th. They issued a “buy” rating and a $103.00 target price on the stock. Canaccord Genuity dropped their target price on Dycom Industries from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, August 31st. FBR & Co raised their price target on Dycom Industries from $98.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, August 30th. Finally, B. Riley reissued a “buy” rating and set a $119.00 price target (up from $98.00) on shares of Dycom Industries in a report on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $109.40.

Shares of Dycom Industries (NYSE DY) traded up $1.86 during midday trading on Thursday, reaching $102.86. The company’s stock had a trading volume of 693,500 shares, compared to its average volume of 676,735. Dycom Industries has a 1 year low of $70.88 and a 1 year high of $110.64. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.16 and a quick ratio of 2.69. The firm has a market capitalization of $3,182.36, a price-to-earnings ratio of 22.46, a PEG ratio of 2.00 and a beta of 1.27.

Large investors have recently added to or reduced their stakes in the stock. Pacad Investment Ltd. grew its holdings in Dycom Industries by 71.4% during the second quarter. Pacad Investment Ltd. now owns 1,200 shares of the construction company’s stock worth $107,000 after acquiring an additional 500 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Dycom Industries by 6.6% during the second quarter. Public Employees Retirement System of Ohio now owns 1,298 shares of the construction company’s stock worth $116,000 after acquiring an additional 80 shares during the period. Riverhead Capital Management LLC grew its holdings in Dycom Industries by 96.0% during the second quarter. Riverhead Capital Management LLC now owns 1,764 shares of the construction company’s stock worth $158,000 after acquiring an additional 864 shares during the period. Tower Research Capital LLC TRC grew its holdings in Dycom Industries by 257.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,146 shares of the construction company’s stock worth $192,000 after acquiring an additional 1,546 shares during the period. Finally, Sigma Planning Corp acquired a new position in Dycom Industries during the second quarter worth about $211,000.

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 and Estimates for Dycom Industries (NYSE:DY)

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