Dycom Industries (NYSE:DY) issued an update on its fourth quarter 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.02-0.24 for the period. The company issued revenue guidance of $695-745 million, compared to the consensus revenue estimate of $718.16 million.Dycom Industries also updated its FY 2019 guidance to $2.70-2.92 EPS.

Shares of Dycom Industries stock opened at $67.05 on Wednesday. Dycom Industries has a fifty-two week low of $65.82 and a fifty-two week high of $123.99. The company has a current ratio of 3.24, a quick ratio of 2.96 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 25.25, a P/E/G ratio of 2.96 and a beta of 1.41.

Dycom Industries (NYSE:DY) last issued its earnings results on Tuesday, November 20th. The construction company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.08. Dycom Industries had a net margin of 3.94% and a return on equity of 12.07%. The firm had revenue of $848.20 million for the quarter, compared to analyst estimates of $806.88 million. During the same quarter last year, the business posted $0.99 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Equities analysts anticipate that Dycom Industries will post 2.82 EPS for the current fiscal year.

Dycom Industries announced that its Board of Directors has authorized a share repurchase plan on Wednesday, August 29th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 6.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

DY has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Dycom Industries from a sell rating to a hold rating in a report on Monday, August 6th. B. Riley lowered shares of Dycom Industries from a buy rating to a neutral rating and cut their price target for the stock from $120.00 to $75.00 in a report on Monday, August 13th. ValuEngine lowered shares of Dycom Industries from a sell rating to a strong sell rating in a report on Monday, August 13th. Craig Hallum lowered shares of Dycom Industries from a buy rating to a hold rating in a report on Tuesday, August 14th. Finally, Canaccord Genuity reiterated a buy rating and set a $90.00 price target (down previously from $120.00) on shares of Dycom Industries in a report on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $97.30.

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Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services in the United States and Canada. 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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