Dycom Industries (DY) Projected to Post Earnings on Wednesday

Dycom Industries (NYSE:DY) is projected to post 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 Stock Up 0.1 %

Shares of NYSE DY opened at $171.74 on Monday. The company has a 50 day simple moving average of $182.31 and a 200 day simple moving average of $184.58. The firm has a market cap of $5.01 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 1.29 and a beta of 1.42. Dycom Industries has a 1 year low of $116.10 and a 1 year high of $207.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93.

Analysts Set New Price Targets

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

Insider Buying and Selling at Dycom Industries

In other news, Director Jennifer M. Fritzsche sold 430 shares of Dycom Industries stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total value of $74,437.30. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Peter T. Pruitt, Jr. sold 2,900 shares of Dycom Industries stock in a transaction on Friday, January 10th. The shares were sold at an average price of $175.08, for a total transaction of $507,732.00. Following the completion of the sale, 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. Insiders own 4.28% of the company’s stock.

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.