FY2020 EPS Estimates for Dycom Industries, Inc. Increased by B. Riley (NYSE:DY)

Dycom Industries, Inc. (NYSE:DY) – Equities research analysts at B. Riley raised their FY2020 earnings per share (EPS) estimates for Dycom Industries in a report issued on Tuesday, June 4th, Zacks Investment Research reports. B. Riley analyst A. Rygiel now forecasts that the construction company will post earnings per share of $2.57 for the year, up from their previous forecast of $2.30. B. Riley currently has a “Buy” rating and a $61.00 target price on the stock.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Tuesday, May 21st. The construction company reported $0.53 EPS for the quarter, beating the 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 firm had revenue of $883.70 million during the quarter, compared to analysts’ expectations of $771.90 million. During the same quarter last year, the firm earned $0.65 earnings per share. The business’s revenue for the quarter was up 20.8% on a year-over-year basis.

Several other equities research analysts have also recently issued reports on DY. Stephens cut their target price on Dycom Industries from $130.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, March 4th. Craig Hallum reiterated an “in-line” rating and issued a $65.00 target price (up from $51.00) on shares of Dycom Industries in a report on Wednesday, May 22nd. Zacks Investment Research raised Dycom Industries from a “sell” rating to a “hold” rating in a report on Friday, May 24th. Canaccord Genuity decreased their price target on Dycom Industries from $68.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. They noted that the move was a valuation call. Finally, Wells Fargo & Co boosted their price target on Dycom Industries from $50.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, May 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $62.13.

Shares of NYSE:DY traded up $1.02 during midday trading on Thursday, hitting $58.87. The company had a trading volume of 706,100 shares, compared to its average volume of 335,692. Dycom Industries has a twelve month low of $41.78 and a twelve month high of $100.25. The company has a current ratio of 3.45, a quick ratio of 3.14 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.82 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 3.00 and a beta of 1.32. The firm’s 50-day moving average is $52.61.

A number of hedge funds and other institutional investors have recently made changes to their positions in DY. Clearbridge Investments LLC boosted its stake in Dycom Industries by 15.0% in the 1st quarter. Clearbridge Investments LLC now owns 202,323 shares of the construction company’s stock worth $9,295,000 after purchasing an additional 26,333 shares during the period. Marshall Wace North America L.P. boosted its stake in shares of Dycom Industries by 4,502.2% during the 1st quarter. Marshall Wace North America L.P. now owns 39,441 shares of the construction company’s stock valued at $1,811,000 after buying an additional 38,584 shares during the period. Fifth Third Bancorp boosted its stake in shares of Dycom Industries by 28.9% during the 1st quarter. Fifth Third Bancorp now owns 471,316 shares of the construction company’s stock valued at $21,652,000 after buying an additional 105,674 shares during the period. 1492 Capital Management LLC acquired a new stake in shares of Dycom Industries during the 1st quarter valued at $828,000. Finally, Kennedy Capital Management Inc. boosted its stake in shares of Dycom Industries by 11.3% during the 1st quarter. Kennedy Capital Management Inc. now owns 100,451 shares of the construction company’s stock valued at $4,615,000 after buying an additional 10,164 shares during the period. Hedge funds and other institutional investors own 93.47% of the company’s stock.

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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