Dycom Industries (DY) to Release Quarterly Earnings on Monday

Dycom Industries (NYSE:DYGet Rating) is set to announce its earnings results after the market closes on Monday, November 21st. Analysts expect the company to announce earnings of $1.28 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Dycom Industries (NYSE:DYGet Rating) last released its quarterly earnings data on Wednesday, August 24th. The construction company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.47. Dycom Industries had a net margin of 2.68% and a return on equity of 11.38%. The firm had revenue of $972.30 million for the quarter, compared to the consensus estimate of $932.37 million. During the same period last year, the firm earned $0.60 earnings per share. The company’s quarterly revenue was up 23.5% on a year-over-year basis. On average, analysts expect Dycom Industries to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Dycom Industries Price Performance

NYSE DY opened at $110.04 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.09 and a current ratio of 3.32. The firm’s 50 day moving average price is $107.19 and its 200-day moving average price is $100.61. Dycom Industries has a 52-week low of $76.21 and a 52-week high of $122.13. The company has a market cap of $3.24 billion, a PE ratio of 35.73 and a beta of 1.44.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. KeyCorp raised their target price on shares of Dycom Industries from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, August 23rd. Craig Hallum lifted their price objective on shares of Dycom Industries from $121.00 to $133.00 in a research note on Thursday, August 25th. DA Davidson lifted their price objective on shares of Dycom Industries from $125.00 to $145.00 in a research note on Thursday, August 25th. StockNews.com began coverage on shares of Dycom Industries in a research note on Wednesday, October 12th. They set a “buy” rating for the company. Finally, Wells Fargo & Company lowered their price objective on shares of Dycom Industries from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Monday, November 14th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and an average price target of $128.00.

Insider Buying and Selling at Dycom Industries

In other news, Director Dwight B. Duke sold 4,534 shares of Dycom Industries stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $103.69, for a total value of $470,130.46. Following the sale, the director now owns 39,139 shares in the company, valued at $4,058,322.91. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Steven E. Nielsen sold 18,611 shares of Dycom Industries stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $113.60, for a total value of $2,114,209.60. Following the sale, the chief executive officer now owns 689,719 shares in the company, valued at $78,352,078.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dwight B. Duke sold 4,534 shares of Dycom Industries stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $103.69, for a total transaction of $470,130.46. Following the completion of the sale, the director now owns 39,139 shares in the company, valued at approximately $4,058,322.91. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,957 shares of company stock valued at $10,446,088. Corporate insiders own 4.32% of the company’s stock.

Hedge Funds Weigh In On Dycom Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Dycom Industries by 0.7% during the third quarter. Vanguard Group Inc. now owns 2,753,480 shares of the construction company’s stock worth $263,040,000 after acquiring an additional 18,125 shares during the last quarter. State Street Corp boosted its holdings in Dycom Industries by 4.1% in the 1st quarter. State Street Corp now owns 951,063 shares of the construction company’s stock valued at $90,598,000 after purchasing an additional 37,181 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Dycom Industries by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 388,635 shares of the construction company’s stock valued at $37,022,000 after purchasing an additional 14,419 shares during the last quarter. Sei Investments Co. boosted its holdings in Dycom Industries by 5.3% in the 1st quarter. Sei Investments Co. now owns 253,183 shares of the construction company’s stock valued at $24,118,000 after purchasing an additional 12,802 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Dycom Industries by 33.1% in the 2nd quarter. AQR Capital Management LLC now owns 150,352 shares of the construction company’s stock valued at $13,419,000 after purchasing an additional 37,406 shares during the last quarter. 93.32% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Company Profile

(Get Rating)

Dycom Industries, Inc provides specialty contracting services in the United States. The company offers program management and engineering services; plans and designs aerial, underground, and buried fiber optic, copper, and coaxial cable systems; and construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.

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Earnings History for Dycom Industries (NYSE:DY)

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