Dycom Industries (DY) Expected to Announce Earnings on Wednesday

Dycom Industries (NYSE:DY) is expected to be posting its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Dycom Industries to post earnings of $0.91 per share and revenue of $1.03 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Dycom Industries Trading Down 1.8 %

DY opened at $174.91 on Wednesday. The stock has a market cap of $5.10 billion, a PE ratio of 23.01, a PEG ratio of 1.51 and a beta of 1.42. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89. The business has a 50 day moving average of $182.74 and a 200-day moving average of $184.54. Dycom Industries has a 52 week low of $112.50 and a 52 week high of $207.20.

Insider Transactions at Dycom Industries

In other news, Director Jennifer M. Fritzsche sold 430 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $173.11, for a total value of $74,437.30. Following the completion of the transaction, the director now owns 8,873 shares in the company, valued at $1,536,005.03. The trade was a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Peter T. Pruitt, Jr. sold 2,900 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $175.08, for a total value of $507,732.00. Following the completion of the transaction, the director now owns 14,533 shares of the company’s stock, valued at $2,544,437.64. This represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. KeyCorp raised their target price on Dycom Industries from $227.00 to $229.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. DA Davidson reiterated a “buy” rating and set a $210.00 price objective on shares of Dycom Industries in a research note on Tuesday, November 19th. Raymond James lifted their price objective on Dycom Industries from $210.00 to $215.00 and gave the company a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company lifted their price objective on Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $208.88.

Dycom Industries Company Profile

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.