Dycom Industries (DY) Announces Quarterly Earnings Results, Meets Expectations
Dycom Industries (NYSE:DY) announced its earnings results on Tuesday. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47, StockRatingsNetwork reports. The company had revenue of $482.10 million for the quarter, compared to the consensus estimate of $487.20 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. Dycom Industries updated its Q1 guidance to $0.45-0.52 EPS.
Shares of Dycom Industries (NYSE:DY) traded up 1.20% during mid-day trading on Tuesday, hitting $30.32. The stock had a trading volume of 336,937 shares. Dycom Industries has a one year low of $23.69 and a one year high of $34.00. The stock’s 50-day moving average is $29.18 and its 200-day moving average is $30.16. The company has a market cap of $1.029 billion and a price-to-earnings ratio of 27.11.
Dycom Industries, Inc is a provider of specialty contracting services. The services, which are provided throughout the United States and in Canada, include engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including telecommunications providers, and other construction and maintenance services to electric and gas utilities and others.
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