Dycom Industries (DY) Updates Q2 2019 Earnings Guidance

Dycom Industries (NYSE:DY) updated its second quarter 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.70-0.92 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.82. The company issued revenue guidance of $835-855 million, compared to the consensus revenue estimate of $839.92 million.

Several research analysts have recently weighed in on the company. ValuEngine downgraded Dycom Industries from a hold rating to a sell rating in a research note on Monday. Zacks Investment Research upgraded Dycom Industries from a strong sell rating to a hold rating in a research note on Tuesday, April 30th. DA Davidson cut their price target on Dycom Industries from $77.00 to $50.00 and set a neutral rating for the company in a research note on Thursday, February 28th. B. Riley upgraded Dycom Industries from a neutral rating to a buy rating and cut their price target for the stock from $84.00 to $60.00 in a research note on Wednesday, February 27th. Finally, Stephens cut their price target on Dycom Industries from $130.00 to $57.00 and set an overweight rating for the company in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $76.80.

Shares of NYSE DY opened at $45.55 on Tuesday. Dycom Industries has a 52 week low of $41.78 and a 52 week high of $117.40. The company has a quick ratio of 3.52, a current ratio of 3.85 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 2.82 and a beta of 1.45.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, February 27th. The construction company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.07). Dycom Industries had a return on equity of 11.24% and a net margin of 2.01%. The company had revenue of $748.62 million during the quarter, compared to the consensus estimate of $719.25 million. During the same quarter in the prior year, the business earned $0.12 EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts forecast that Dycom Industries will post 2.55 earnings per share for the current fiscal year.

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

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