Dycom Industries (DY) Issues Q2 2019 Earnings Guidance

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

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

Dycom Industries (NYSE:DY) last announced its 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 firm had revenue of $748.62 million during the quarter, compared to analyst estimates of $719.25 million. Dycom Industries had a net margin of 2.01% and a return on equity of 11.24%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period last year, the company earned $0.12 earnings per share. As a group, research analysts forecast that Dycom Industries will post 2.55 earnings per share for the current fiscal year.

A number of analysts recently issued reports on DY shares. Craig Hallum decreased their target price on Dycom Industries from $75.00 to $51.00 and set a buy rating for the company in a research report on Thursday, February 28th. Canaccord Genuity decreased their target price on Dycom Industries from $84.00 to $68.00 and set a buy rating for the company in a research report on Thursday, February 28th. They noted that the move was a valuation call. B. Riley raised Dycom Industries from a neutral rating to a buy rating and reduced their price objective for the company from $84.00 to $60.00 in a research note on Wednesday, February 27th. Zacks Investment Research raised Dycom Industries from a sell rating to a hold rating in a research note on Monday, February 4th. Finally, ValuEngine raised Dycom Industries from a sell rating to a hold rating in a research note on Saturday, May 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $76.80.

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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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