Dycom Industries, Inc. Expected to Earn Q1 2019 Earnings of $0.60 Per Share (DY)
Dycom Industries, Inc. (NYSE:DY) – Analysts at DA Davidson cut their Q1 2019 earnings estimates for Dycom Industries in a research report issued to clients and investors on Thursday. DA Davidson analyst B. Thielman now expects that the construction company will earn $0.60 per share for the quarter, down from their previous estimate of $0.69. DA Davidson has a “Neutral” rating and a $100.00 price objective on the stock.
Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Dycom Industries had a return on equity of 18.67% and a net margin of 5.08%. The company had revenue of $655.13 million for the quarter, compared to the consensus estimate of $655.72 million. During the same quarter last year, the company earned $0.82 earnings per share. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year.
Shares of Dycom Industries (DY) traded up $0.37 during mid-day trading on Friday, reaching $109.48. The company had a trading volume of 340,527 shares, compared to its average volume of 593,430. Dycom Industries has a 12 month low of $73.95 and a 12 month high of $123.99. The company has a market capitalization of $3,375.73, a P/E ratio of 23.10, a P/E/G ratio of 1.54 and a beta of 1.39. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.86 and a current ratio of 3.16.
Large investors have recently made changes to their positions in the company. First Personal Financial Services raised its stake in shares of Dycom Industries by 214.3% in the fourth quarter. First Personal Financial Services now owns 1,075 shares of the construction company’s stock worth $120,000 after purchasing an additional 733 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Dycom Industries by 6.6% in the second quarter. Public Employees Retirement System of Ohio now owns 1,298 shares of the construction company’s stock valued at $116,000 after buying an additional 80 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Dycom Industries by 55.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,529 shares of the construction company’s stock valued at $170,000 after buying an additional 545 shares in the last quarter. Howe & Rusling Inc. increased its position in shares of Dycom Industries by 3,671.1% in the fourth quarter. Howe & Rusling Inc. now owns 1,697 shares of the construction company’s stock valued at $189,000 after buying an additional 1,652 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Dycom Industries in the fourth quarter valued at approximately $214,000.
Dycom Industries Company Profile
Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.
Receive News & Ratings for Dycom Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries and related companies with MarketBeat.com's FREE daily email newsletter.