Dycom Industries (NYSE:DY) Issues Earnings Results, Beats Estimates By $0.73 EPS

Dycom Industries (NYSE:DYGet Free Report) issued its earnings results on Wednesday. The construction company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.73, Briefing.com reports. Dycom Industries had a return on equity of 22.15% and a net margin of 5.38%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company earned $1.73 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $177.23 on Friday. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 2.18 and a beta of 1.37. The business has a 50 day moving average price of $143.72 and a 200 day moving average price of $122.96. The company has a quick ratio of 2.85, a current ratio of 3.17 and a debt-to-equity ratio of 0.78. Dycom Industries has a twelve month low of $78.42 and a twelve month high of $177.27.

Insider Activity

In related news, VP Jason T. Lawson sold 220 shares of Dycom Industries stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $140.27, for a total transaction of $30,859.40. Following the sale, the vice president now directly owns 7,793 shares of the company’s stock, valued at $1,093,124.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 4.28% of the stock is owned by company insiders.

Analyst Ratings Changes

DY has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of Dycom Industries from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday. StockNews.com raised Dycom Industries from a “hold” rating to a “buy” rating in a report on Thursday. KeyCorp lifted their price target on Dycom Industries from $169.00 to $179.00 and gave the company an “overweight” rating in a research report on Thursday. Raymond James raised their target price on Dycom Industries from $143.00 to $195.00 and gave the company a “strong-buy” rating in a research note on Thursday. Finally, B. Riley raised shares of Dycom Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $101.00 to $172.00 in a report on Friday, March 8th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $175.86.

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Dycom Industries Company Profile

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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.

See Also

Earnings History for Dycom Industries (NYSE:DY)

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