Dycom Industries, Inc. provides specialty contracting services in the United States. The company offers program management and engineering services; plans and designs aerial, underground, and buried fiber optic, copper, and coaxial cable systems; and construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers. It also provides tower construction, lines and antenna installation, foundation and equipment pad construction, and small cell site placement for wireless carriers, as well as equipment installation and material fabrication, and site testing services; and installs and maintains customer premise equipment, such as digital video recorders, set top boxes, and modems for cable system operators. In addition, the company offers construction and maintenance services for electric and gas utilities, and other customers; and underground facility locating services, such as locating telephone, cable television, power, water, sewer, and gas lines for various utility companies, including telecommunication providers. Dycom Industries, Inc. was incorporated in 1969 and is headquartered in Palm Beach Gardens, Florida.
Dycom Industries Stock Performance
Shares of Dycom Industries stock traded down $0.49 during midday trading on Tuesday, hitting $104.86. The company had a trading volume of 2,976 shares, compared to its average volume of 255,363. The business's 50 day simple moving average is $95.79 and its two-hundred day simple moving average is $91.87. The stock has a market cap of $3.10 billion, a PE ratio of 47.67 and a beta of 1.43. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.46 and a quick ratio of 3.22. Dycom Industries has a 1-year low of $64.77 and a 1-year high of $109.27.
Dycom Industries (NYSE:DY - Get Rating) last announced its quarterly earnings data on Wednesday, May 25th. The construction company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.40. The business had revenue of $876.30 million for the quarter, compared to the consensus estimate of $779.43 million. Dycom Industries had a net margin of 2.05% and a return on equity of 8.17%. As a group, equities analysts predict that Dycom Industries will post 3.28 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on DY. Wells Fargo & Company reduced their price objective on shares of Dycom Industries from $120.00 to $110.00 in a research report on Wednesday, May 11th. DA Davidson upped their price objective on shares of Dycom Industries from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, May 26th. Finally, TheStreet raised shares of Dycom Industries from a "c+" rating to a "b" rating in a research note on Friday, May 27th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dycom Industries presently has an average rating of "Buy" and an average price target of $118.50.