Q1 2019 Earnings Forecast for Dycom Industries, Inc. (DY) Issued By B. Riley

Dycom Industries, Inc. (NYSE:DY) – Equities research analysts at B. Riley boosted their Q1 2019 earnings per share (EPS) estimates for Dycom Industries in a research note issued to investors on Wednesday. B. Riley analyst A. Rygiel now anticipates that the construction company will earn $1.38 per share for the quarter, up from their previous forecast of $1.19. B. Riley currently has a “Buy” rating and a $119.00 target price on the stock.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.09. Dycom Industries had a return on equity of 22.49% and a net margin of 4.46%. The company had revenue of $756.20 million during the quarter, compared to analyst estimates of $729.35 million. During the same period in the prior year, the business posted $1.67 earnings per share. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year.

DY has been the topic of several other reports. ValuEngine upgraded Dycom Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. KeyCorp restated a “buy” rating and issued a $118.00 price target on shares of Dycom Industries in a research note on Thursday, December 21st. DA Davidson raised their price target on Dycom Industries to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, November 21st. Stephens raised their price target on Dycom Industries from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, November 16th. Finally, Stifel Nicolaus raised their price target on Dycom Industries from $93.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $115.10.

Shares of Dycom Industries (DY) traded up $1.10 during midday trading on Friday, hitting $113.52. The stock had a trading volume of 269,100 shares, compared to its average volume of 368,500. The firm has a market capitalization of $3,478.14, a PE ratio of 26.77, a P/E/G ratio of 2.23 and a beta of 1.38. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.86 and a current ratio of 3.16. Dycom Industries has a twelve month low of $73.95 and a twelve month high of $115.38.

Large investors have recently made changes to their positions in the stock. Pacad Investment Ltd. lifted its position in shares of Dycom Industries by 71.4% during the 2nd quarter. Pacad Investment Ltd. now owns 1,200 shares of the construction company’s stock valued at $107,000 after acquiring an additional 500 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Dycom Industries by 6.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,298 shares of the construction company’s stock valued at $116,000 after acquiring an additional 80 shares during the period. Riverhead Capital Management LLC lifted its position in shares of Dycom Industries by 96.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,764 shares of the construction company’s stock valued at $158,000 after acquiring an additional 864 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Dycom Industries by 257.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,146 shares of the construction company’s stock valued at $192,000 after acquiring an additional 1,546 shares during the period. Finally, Cedar Capital LLC acquired a new stake in shares of Dycom Industries during the 3rd quarter valued at approximately $213,000.

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About Dycom Industries

Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.

Earnings History and Estimates for Dycom Industries (NYSE:DY)

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