Dycom Industries, Inc. to Post FY2020 Earnings of $6.75 Per Share, KeyCorp Forecasts (DY)

Dycom Industries, Inc. (NYSE:DY) – Stock analysts at KeyCorp issued their FY2020 EPS estimates for shares of Dycom Industries in a research note issued to investors on Tuesday. KeyCorp analyst T. Afzal anticipates that the construction company will earn $6.75 per share for the year. KeyCorp currently has a “Overweight” rating and a $123.00 target price on the stock.

Several other brokerages also recently commented on DY. Craig Hallum reaffirmed a “buy” rating and issued a $129.00 target price (up from $114.00) on shares of Dycom Industries in a research note on Tuesday. B. Riley decreased their target price on shares of Dycom Industries from $135.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $126.00 target price (up from $120.00) on shares of Dycom Industries in a research note on Monday, December 11th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $109.00 target price (up from $88.00) on shares of Dycom Industries in a research note on Tuesday, November 21st. Finally, Zacks Investment Research raised shares of Dycom Industries from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $119.90.

Shares of Dycom Industries (DY) traded up $3.67 during midday trading on Wednesday, hitting $112.90. 360,577 shares of the company traded hands, compared to its average volume of 555,735. 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. The stock has a market capitalization of $3,368.61, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 1.56 and a beta of 1.36.

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

Institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its holdings 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 buying an additional 80 shares in the last quarter. First Personal Financial Services boosted its holdings in shares of Dycom Industries by 214.3% during the 4th quarter. First Personal Financial Services now owns 1,075 shares of the construction company’s stock valued at $120,000 after buying an additional 733 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Dycom Industries by 55.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,529 shares of the construction company’s stock valued at $170,000 after buying an additional 545 shares in the last quarter. Howe & Rusling Inc. boosted its holdings in shares of Dycom Industries by 3,671.1% during the 4th quarter. Howe & Rusling Inc. now owns 1,697 shares of the construction company’s stock valued at $189,000 after buying an additional 1,652 shares in the last quarter. Finally, Cedar Capital LLC bought a new stake in shares of Dycom Industries during the 3rd quarter valued at $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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