Dycom Industries (DY) to Release Earnings on Wednesday

Dycom Industries (NYSE:DY - Get Free Report) will issue its quarterly earnings data before the market opens on Wednesday, November 20th. Analysts expect the company to announce earnings of $2.39 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Dycom Industries (NYSE:DY - Get Free Report) last released its quarterly earnings data on Wednesday, August 21st. The construction company reported $2.46 earnings per share for the quarter, beating analysts' consensus estimates of $2.26 by $0.20. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. Dycom Industries had a return on equity of 22.28% and a net margin of 5.37%. The company's quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.03 earnings per share. On average, analysts expect Dycom Industries to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Dycom Industries Price Performance

Shares of Dycom Industries stock traded down $3.15 during midday trading on Wednesday, hitting $186.09. 360,482 shares of the company were exchanged, compared to its average volume of 288,714. The firm has a 50 day simple moving average of $187.91 and a 200-day simple moving average of $177.06. Dycom Industries has a 52 week low of $84.83 and a 52 week high of $207.20. The firm has a market cap of $5.42 billion, a P/E ratio of 23.89, a PEG ratio of 1.57 and a beta of 1.44. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.44 and a quick ratio of 3.25.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Bank of America upped their price objective on Dycom Industries from $198.00 to $204.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. KeyCorp lifted their price objective on Dycom Industries from $200.00 to $227.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Wells Fargo & Company upped their target price on shares of Dycom Industries from $185.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, July 17th. StockNews.com downgraded shares of Dycom Industries from a "buy" rating to a "hold" rating in a research note on Friday, July 26th. Finally, B. Riley raised their price objective on shares of Dycom Industries from $205.00 to $208.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Dycom Industries has an average rating of "Buy" and a consensus target price of $203.43.

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.