Dycom Industries (DY) Issues Q4 Earnings Guidance

Dycom Industries (NYSE:DY) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.09-0.12 for the period, compared to the Thomson Reuters consensus estimate of $0.33. The company issued revenue guidance of $655 million, compared to the consensus revenue estimate of $663.13 million.Dycom Industries also updated its Q1 guidance to $0.63-0.78 EPS.

Shares of Dycom Industries (NYSE:DY) opened at $104.28 on Monday. The company has a market cap of $3,438.54, a price-to-earnings ratio of 26.21, a price-to-earnings-growth ratio of 1.73 and a beta of 1.36. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.16 and a quick ratio of 2.86. Dycom Industries has a 12 month low of $73.95 and a 12 month high of $123.99.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Monday, November 20th. The construction company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.09. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. The business had revenue of $756.20 million for the quarter, compared to analyst estimates of $729.35 million. During the same period last year, the firm earned $1.67 earnings per share. Dycom Industries’s revenue for the quarter was down 5.4% compared to the same quarter last year. equities research analysts expect that Dycom Industries will post 4.09 EPS for the current year.

A number of equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Dycom Industries from a hold rating to a buy rating in a research report on Sunday, December 31st. KeyCorp reiterated a buy rating and set a $118.00 target price on shares of Dycom Industries in a research report on Thursday, December 21st. DA Davidson lifted their target price on shares of Dycom Industries to $100.00 and gave the stock a neutral rating in a research report on Tuesday, November 21st. Stephens lifted their target price on shares of Dycom Industries from $105.00 to $120.00 and gave the stock an overweight rating in a research report on Thursday, November 16th. Finally, Stifel Nicolaus raised their price target on shares of Dycom Industries from $93.00 to $120.00 and gave the stock a buy rating in a report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. Dycom Industries presently has an average rating of Buy and a consensus price target of $115.60.

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Dycom Industries Company Profile

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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