Dycom Industries (DY) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS
Dycom Industries (NYSE:DY) posted its quarterly earnings results on Tuesday. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.07, AnalystRatings.NET reports. The company had revenue of $390.50 million for the quarter, compared to the consensus estimate of $415.39 million. Dycom Industries updated its Q3 guidance to $0.19-0.26 EPS.
Shares of Dycom Industries (NYSE:DY) traded down 0.38% during mid-day trading on Tuesday, hitting $26.30. 270,276 shares of the company’s stock traded hands. Dycom Industries has a one year low of $17.87 and a one year high of $31.75. The stock’s 50-day moving average is $27.16 and its 200-day moving average is $27.73. The company has a market cap of $887.8 million and a price-to-earnings ratio of 21.36.
DY has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Dycom Industries from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 20th. They now have a $26.00 price target on the stock. Finally, analysts at BB&T Corp. reiterated a “buy” rating on shares of Dycom Industries in a research note on Wednesday, November 27th. They now have a $37.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Dycom Industries presently has an average rating of “Buy” and a consensus price target of $29.56.
Dycom Industries, Inc (NYSE:DY) is a provider of specialty contracting services.
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