Q3 2019 EPS Estimates for Dycom Industries, Inc. Increased by B. Riley (DY)

Dycom Industries, Inc. (NYSE:DY) – Analysts at B. Riley boosted their Q3 2019 EPS estimates for Dycom Industries in a report released on Monday. B. Riley analyst A. Rygiel now expects that the construction company will post earnings of $2.00 per share for the quarter, up from their previous estimate of $1.91. B. Riley has a “Buy” rating and a $132.00 price objective on the stock.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $729.35 million. During the same quarter in the prior year, the company posted $1.67 EPS. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year.

A number of other research analysts have also weighed in on the company. Stephens increased their price target on Dycom Industries from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, November 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $126.00 price target (up from $120.00) on shares of Dycom Industries in a report on Monday, December 11th. ValuEngine upgraded Dycom Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. DA Davidson increased their price target on Dycom Industries to $100.00 and gave the company a “neutral” rating 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. Dycom Industries has a consensus rating of “Buy” and an average target price of $119.90.

Shares of Dycom Industries (NYSE DY) traded up $2.67 during trading on Wednesday, hitting $111.90. The company’s stock had a trading volume of 292,534 shares, compared to its average volume of 552,265. Dycom Industries has a one year low of $73.95 and a one year high of $123.99. The stock has a market cap of $3,368.61, a price-to-earnings ratio of 23.77, a PEG ratio of 1.56 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.

Institutional investors have recently made changes to their positions in the company. Guggenheim Capital LLC lifted its position in shares of Dycom Industries by 166.0% during the fourth quarter. Guggenheim Capital LLC now owns 158,055 shares of the construction company’s stock worth $17,613,000 after purchasing an additional 98,640 shares during the last quarter. Quantitative Investment Management LLC bought a new position in shares of Dycom Industries during the fourth quarter worth about $6,897,000. Fred Alger Management Inc. bought a new position in shares of Dycom Industries during the fourth quarter worth about $28,076,000. 12th Street Asset Management Company LLC lifted its position in shares of Dycom Industries by 3.6% during the fourth quarter. 12th Street Asset Management Company LLC now owns 365,287 shares of the construction company’s stock worth $40,704,000 after purchasing an additional 12,711 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Dycom Industries by 15.1% during the fourth quarter. Alliancebernstein L.P. now owns 1,025,193 shares of the construction company’s stock worth $114,237,000 after purchasing an additional 134,410 shares during the last quarter.

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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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