Dycom Industries (NYSE:DY) will announce its earnings results before the market opens on Tuesday, May 21st. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Dycom Industries has set its Q1 2020 guidance at $0.34-0.56 EPS and its Q1 guidance at $0.34-0.56 EPS.
Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, February 27th. The construction company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The business had revenue of $748.62 million for the quarter, compared to analyst estimates of $719.25 million. Dycom Industries had a return on equity of 11.24% and a net margin of 2.01%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 earnings per share. On average, analysts expect Dycom Industries to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of DY stock opened at $46.74 on Wednesday. The firm has a market cap of $1.46 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 2.80 and a beta of 1.45. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.52 and a current ratio of 3.85. Dycom Industries has a 12-month low of $41.78 and a 12-month high of $117.40.
DY has been the topic of several research reports. Stephens cut their target price on Dycom Industries from $130.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, March 4th. Craig Hallum cut their target price on Dycom Industries from $75.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, February 28th. DA Davidson cut their target price on Dycom Industries from $77.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, February 28th. Zacks Investment Research raised Dycom Industries from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, ValuEngine downgraded Dycom Industries from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 28th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $76.80.
Dycom Industries Company Profile
Dycom Industries, Inc provides specialty contracting services in the United States. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.
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