Dycom Industries (DY) Releases Q2 Earnings Guidance

Dycom Industries (NYSE:DY) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.70-0.92 for the period, compared to the Thomson Reuters consensus estimate of $0.82. The company issued revenue guidance of $835-885 million, compared to the consensus revenue estimate of $843.96 million.Dycom Industries also updated its Q2 2019 guidance to $0.70-0.92 EPS.

DY opened at $45.55 on Tuesday. 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 1 year low of $41.78 and a 1 year high of $117.40. The company has a market capitalization of $1.46 billion, a P/E ratio of 16.38, a P/E/G ratio of 2.82 and a beta of 1.45.

Dycom Industries (NYSE:DY) last released its earnings results on Tuesday, May 21st. The construction company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.11. Dycom Industries had a net margin of 2.01% and a return on equity of 11.24%. The business had revenue of $883.70 million for the quarter, compared to analysts’ expectations of $771.90 million. During the same period last year, the company earned $0.65 earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. As a group, equities research analysts anticipate that Dycom Industries will post 2.55 EPS for the current year.

A number of brokerages have weighed in on DY. Stephens reduced their price target on shares of 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 reduced their price target on shares of 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 reduced their price target on shares of 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 shares of Dycom Industries from a sell rating to a hold rating in a research report on Monday, February 4th. Finally, ValuEngine cut shares of Dycom Industries from a sell rating to a strong sell rating in a research report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $76.80.

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About Dycom Industries

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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Earnings History and Estimates for Dycom Industries (NYSE:DY)

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