Dycom Industries (DY) Issues Q2 Earnings Guidance

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Dycom Industries (NYSE:DY) updated its second quarter earnings guidance on Tuesday. 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 $835-885 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.

Several equities research analysts have commented on the company. Craig Hallum restated an in-line rating and set a $65.00 price target (up from $51.00) on shares of Dycom Industries in a research note on Wednesday. Wells Fargo & Co upped their price target on Dycom Industries from $50.00 to $63.00 and gave the stock an outperform rating in a research note on Wednesday. They noted that the move was a valuation call. Deutsche Bank upped their price target on Dycom Industries from $54.00 to $62.00 and gave the stock a buy rating in a research note on Wednesday. Canaccord Genuity restated a buy rating and set a $64.00 price target (down from $68.00) on shares of Dycom Industries in a research note on Wednesday. They noted that the move was a valuation call. Finally, ValuEngine lowered Dycom Industries from a hold rating to a sell rating in a research note on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Dycom Industries presently has an average rating of Buy and an average price target of $72.50.

Shares of NYSE DY opened at $54.40 on Thursday. Dycom Industries has a 1-year low of $41.78 and a 1-year high of $100.76. The company has a quick ratio of 3.52, a current ratio of 3.45 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.80 billion, a PE ratio of 19.57, a P/E/G ratio of 3.44 and a beta of 1.45.

Dycom Industries (NYSE:DY) last issued its earnings results on Tuesday, May 21st. The construction company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.10. Dycom Industries had a return on equity of 10.52% and a net margin of 1.86%. The company had revenue of $883.70 million during the quarter, compared to the consensus estimate of $771.90 million. During the same quarter in the prior year, the business earned $0.65 earnings per share. The company’s revenue was up 20.8% compared to the same quarter last year. On average, research analysts anticipate that Dycom Industries will post 2.55 EPS for the current fiscal year.

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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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