Dycom Industries (NYSE:DY) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.63-0.78 for the period, compared to the Thomson Reuters consensus estimate of $1.30. The company issued revenue guidance of $720-750 million, compared to the consensus revenue estimate of $798.48 million.Dycom Industries also updated its Q4 guidance to $0.09-0.12 EPS.
Shares of Dycom Industries (DY) opened at $109.23 on Wednesday. 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 PE ratio of 23.77, a P/E/G ratio of 1.56 and a beta of 1.36. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.86 and a current ratio of 3.16.
Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Monday, November 20th. The construction company reported $0.99 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $729.35 million. During the same quarter in the prior year, the company earned $1.67 EPS. Dycom Industries’s revenue was down 5.4% compared to the same quarter last year. equities analysts expect that Dycom Industries will post 4.09 earnings per share for the current year.
DY has been the subject of several research reports. Stephens upped their price objective on shares of Dycom Industries from $120.00 to $140.00 and gave the company an overweight rating in a research note on Wednesday, December 20th. Zacks Investment Research upgraded shares of Dycom Industries from a strong sell rating to a hold rating in a report on Tuesday, October 31st. KeyCorp reiterated a buy rating and issued a $118.00 target price on shares of Dycom Industries in a report on Thursday, December 21st. B. Riley reiterated a buy rating and issued a $119.00 target price (up from $98.00) on shares of Dycom Industries in a report on Friday, November 17th. Finally, Stifel Nicolaus boosted their target price on shares of Dycom Industries from $93.00 to $120.00 and gave the company a buy rating in a report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of $119.90.
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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.
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