Dycom Industries, Inc. (DY) Updates Q1 Earnings Guidance
Dycom Industries, Inc. (NYSE:DY) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.45-0.52 for the period, compared to the Thomson Reuters consensus estimate of $0.54, StockRatingsNetwork reports. The company issued revenue guidance of $490-510 million, compared to the consensus revenue estimate of $502.13 million.
Shares of Dycom Industries, Inc. (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, Inc. has a 52 week low of $23.69 and a 52 week high of $34.00. The stock has a 50-day moving average of $29.18 and a 200-day moving average of $30.16. The company has a market cap of $1.029 billion and a price-to-earnings ratio of 27.11.
Dycom Industries (NYSE:DY) last announced its earnings results on Tuesday, August 26th. The company reported $0.47 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.47. The company had revenue of $482.10 million for the quarter, compared to the consensus estimate of $487.20 million. During the same quarter last year, the company posted $0.44 earnings per share. Dycom Industries’s revenue was up .7% compared to the same quarter last year. Analysts expect that Dycom Industries, Inc. will post $1.16 EPS for the current fiscal year.
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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