Dycom Industries (DY) to Release Earnings on Wednesday

Dycom Industries (NYSE:DY) is expected to be posting its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Dycom Industries to post earnings of $0.91 per share and revenue of $1.03 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Dycom Industries Stock Performance

Shares of NYSE DY opened at $168.38 on Tuesday. The firm has a fifty day moving average price of $182.08 and a 200-day moving average price of $184.47. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93. The stock has a market cap of $4.91 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.29 and a beta of 1.42. Dycom Industries has a 1 year low of $118.00 and a 1 year high of $207.20.

Insider Activity at Dycom Industries

In other Dycom Industries news, Director Jennifer M. Fritzsche sold 430 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total transaction of $74,437.30. Following the completion of the transaction, the director now owns 8,873 shares in the company, valued at $1,536,005.03. This trade represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Peter T. Pruitt, Jr. sold 2,900 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $175.08, for a total transaction of $507,732.00. Following the transaction, the director now owns 14,533 shares of the company’s stock, valued at $2,544,437.64. This trade represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. 4.28% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DY has been the subject of a number of analyst reports. KeyCorp increased their price objective on shares of Dycom Industries from $227.00 to $229.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. DA Davidson reissued a “buy” rating and issued a $210.00 price objective on shares of Dycom Industries in a research note on Tuesday, November 19th. Raymond James increased their price objective on shares of Dycom Industries from $210.00 to $215.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company increased their price objective on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Dycom Industries has an average rating of “Buy” and a consensus price target of $208.88.

Dycom Industries Company Profile

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.