Dycom Industries (DY) Set to Announce Quarterly Earnings on Wednesday

Dycom Industries (NYSE:DY) is scheduled to release its earnings data before the market opens on Wednesday, November 20th. Analysts expect Dycom Industries to post earnings of $2.39 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.20. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Dycom Industries had a return on equity of 22.28% and a net margin of 5.37%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.03 EPS. On average, analysts expect Dycom Industries to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Dycom Industries Stock Performance

Shares of NYSE DY opened at $195.83 on Tuesday. The business’s 50 day moving average is $188.73 and its two-hundred day moving average is $178.01. The company has a market cap of $5.70 billion, a P/E ratio of 24.33, a P/E/G ratio of 1.55 and a beta of 1.44. The company has a quick ratio of 3.25, a current ratio of 3.44 and a debt-to-equity ratio of 0.81. Dycom Industries has a 12 month low of $84.83 and a 12 month high of $207.20.

Analyst Ratings Changes

Several analysts have issued reports on DY shares. B. Riley raised their price target on shares of Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company raised their target price on Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday. StockNews.com downgraded shares of Dycom Industries from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. KeyCorp increased their price objective on shares of Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Bank of America lifted their target price on shares of Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $205.57.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.