Dycom Industries (DY) Issues 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.

NYSE:DY opened at $57.05 on Wednesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.52 and a current ratio of 3.85. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 2.82 and a beta of 1.45. Dycom Industries has a 12-month low of $41.78 and a 12-month high of $101.91.

Dycom Industries (NYSE:DY) last announced its earnings results on Tuesday, May 21st. The construction company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.11. The company had revenue of $883.70 million for the quarter, compared to analyst estimates of $771.90 million. Dycom Industries had a return on equity of 11.24% and a net margin of 2.01%. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share. Equities research analysts predict that Dycom Industries will post 2.55 EPS for the current fiscal year.

A number of brokerages have recently commented on DY. Canaccord Genuity dropped their price target on Dycom Industries from $84.00 to $68.00 and set a buy rating for the company in a research note on Thursday, February 28th. They noted that the move was a valuation call. Zacks Investment Research raised Dycom Industries from a strong sell rating to a hold rating in a research report on Tuesday, April 30th. B. Riley raised Dycom Industries from a neutral rating to a buy rating and lowered their target price for the stock from $84.00 to $60.00 in a research report on Wednesday, February 27th. ValuEngine raised Dycom Industries from a sell rating to a hold rating in a research report on Saturday, May 4th. Finally, Deutsche Bank raised their target price on Dycom Industries from $54.00 to $62.00 and gave the stock a buy rating in a research report on Wednesday. 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. Dycom Industries presently has a consensus rating of Buy and a consensus price target of $71.10.

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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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