Dycom Industries (DY) Releases Q1 Earnings Guidance

Dycom Industries (NYSE:DY) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.63-0.78 for the period, compared to the Thomson Reuters consensus estimate of $1.30. The company issued revenue guidance of $720-750 million, compared to the consensus revenue estimate of $798.48 million.Dycom Industries also updated its Q4 guidance to $0.09-0.12 EPS.

Dycom Industries (DY) opened at $104.28 on Monday. The firm has a market capitalization of $3,438.54, a P/E ratio of 26.21, a PEG ratio of 1.73 and a beta of 1.36. The company has a current ratio of 3.16, a quick ratio of 2.86 and a debt-to-equity ratio of 1.07. 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 earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.09. The firm had revenue of $756.20 million for the quarter, compared to the consensus estimate of $729.35 million. Dycom Industries had a return on equity of 22.49% and a net margin of 4.46%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS. analysts forecast that Dycom Industries will post 4.09 earnings per share for the current year.

A number of research firms recently issued reports on DY. Craig Hallum restated a buy rating and set a $114.00 price objective (up previously from $90.00) on shares of Dycom Industries in a report on Tuesday, November 21st. Stifel Nicolaus restated a buy rating and set a $126.00 price objective (up previously from $120.00) on shares of Dycom Industries in a report on Monday, December 11th. B. Riley restated a buy rating on shares of Dycom Industries in a report on Wednesday, November 1st. Wells Fargo & Co restated an outperform rating and set a $109.00 price objective (up previously from $88.00) on shares of Dycom Industries in a report on Tuesday, November 21st. Finally, Zacks Investment Research upgraded Dycom Industries from a sell rating to a hold rating in a report on Thursday, November 30th. One investment 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. The stock presently has a consensus rating of Buy and a consensus target price 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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