Dycom Industries (DY) to Release Quarterly Earnings on Wednesday

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

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

DY stock opened at $195.83 on Tuesday. The stock has a market capitalization of $5.70 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 1.55 and a beta of 1.44. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.44 and a quick ratio of 3.25. The company has a 50 day moving average price of $188.73 and a 200 day moving average price of $178.01. Dycom Industries has a fifty-two week low of $84.83 and a fifty-two week high of $207.20.

Analysts Set New Price Targets

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