Dycom Industries (NYSE:DY) Releases Quarterly Earnings Results

Dycom Industries (NYSE:DY) issued its quarterly earnings results on Wednesday. The construction company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.73, Briefing.com reports. Dycom Industries had a return on equity of 22.15% and a net margin of 5.38%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company posted $1.73 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year.

Dycom Industries Stock Up 1.5 %

DY opened at $179.85 on Friday. The company has a current ratio of 3.17, a quick ratio of 2.85 and a debt-to-equity ratio of 0.78. The stock’s fifty day simple moving average is $144.46 and its 200 day simple moving average is $123.63. Dycom Industries has a 1-year low of $78.42 and a 1-year high of $181.60. The stock has a market cap of $5.23 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 2.32 and a beta of 1.37.

Analyst Ratings Changes

DY has been the subject of a number of recent research reports. Raymond James upped their price target on Dycom Industries from $143.00 to $195.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Craig Hallum boosted their price target on shares of Dycom Industries from $145.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com upgraded Dycom Industries from a “hold” rating to a “buy” rating in a report on Thursday. Wells Fargo & Company upped their target price on Dycom Industries from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Finally, B. Riley upgraded Dycom Industries from a “neutral” rating to a “buy” rating and raised their price target for the company from $101.00 to $172.00 in a research note on Friday, March 8th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $175.86.

Insider Buying and Selling at Dycom Industries

In other news, VP Jason T. Lawson sold 220 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $140.27, for a total transaction of $30,859.40. Following the completion of the sale, the vice president now owns 7,793 shares in the company, valued at approximately $1,093,124.11. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.28% of the company’s stock.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.