Dycom Industries, Inc. (NYSE:DY) – Equities research analysts at B. Riley increased their Q2 2019 EPS estimates for Dycom Industries in a research note issued to investors on Wednesday. B. Riley analyst A. Rygiel now anticipates that the construction company will post earnings per share of $1.92 for the quarter, up from their previous estimate of $1.66. B. Riley has a “Buy” rating and a $119.00 price target on the stock. B. Riley also issued estimates for Dycom Industries’ Q3 2019 earnings at $1.91 EPS and Q4 2019 earnings at $1.16 EPS.
A number of other research firms have also recently commented on DY. KeyCorp reaffirmed a “buy” rating and set a $118.00 price target on shares of Dycom Industries in a research note on Thursday, December 21st. ValuEngine raised shares of Dycom Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Stifel Nicolaus reissued a “buy” rating and issued a $126.00 price objective (up from $120.00) on shares of Dycom Industries in a research report on Monday, December 11th. Stephens boosted their price objective on shares of Dycom Industries from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, December 20th. Finally, Zacks Investment Research raised shares of Dycom Industries from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $115.10.
Dycom Industries (NYSE DY) traded down $1.15 during mid-day trading on Monday, hitting $113.24. 312,342 shares of the company were exchanged, compared to its average volume of 388,033. Dycom Industries has a 52-week low of $73.95 and a 52-week high of $115.38. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.86 and a current ratio of 3.16. The stock has a market cap of $3,510.00, a PE ratio of 26.77, a PEG ratio of 2.24 and a beta of 1.38.
Dycom Industries (NYSE:DY) last released its quarterly earnings results on Monday, November 20th. The construction company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.09. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. The firm had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $729.35 million. During the same period in the previous year, the company earned $1.67 EPS. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Dycom Industries by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,454,547 shares of the construction company’s stock valued at $219,732,000 after purchasing an additional 17,420 shares in the last quarter. Argent Capital Management LLC bought a new stake in shares of Dycom Industries in the 2nd quarter valued at about $376,000. Castleark Management LLC bought a new stake in shares of Dycom Industries in the 2nd quarter valued at about $10,984,000. Wellington Shields Capital Management LLC bought a new stake in shares of Dycom Industries in the 3rd quarter valued at about $966,000. Finally, Thompson Siegel & Walmsley LLC raised its holdings in shares of Dycom Industries by 12.2% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 330,772 shares of the construction company’s stock valued at $28,406,000 after purchasing an additional 36,034 shares in the last quarter.
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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.
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