Dycom Industries (DY) Set to Announce Quarterly Earnings on Wednesday

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

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, August 21st. The construction company reported $2.46 EPS for the quarter, topping 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 analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm posted $2.03 earnings per share. Dycom Industries’s quarterly revenue was up 15.5% on a year-over-year basis. 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 Price Performance

Shares of NYSE DY opened at $189.30 on Wednesday. The company has a 50 day simple moving average of $187.91 and a two-hundred day simple moving average of $177.06. Dycom Industries has a fifty-two week low of $82.71 and a fifty-two week high of $207.20. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 1.56 and a beta of 1.44. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.25 and a current ratio of 3.44.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Dycom Industries from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. B. Riley increased their target price on Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. StockNews.com cut Dycom Industries from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Bank of America upped their price target on Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, KeyCorp lifted their price objective on Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $203.43.

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.