Dycom Industries (NYSE:DY) issued its quarterly earnings results on Wednesday. The construction company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.25, Briefing.com reports. The firm had revenue of $884.20 million for the quarter, compared to analyst estimates of $857.82 million. Dycom Industries had a net margin of 1.86% and a return on equity of 10.52%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 EPS. Dycom Industries updated its Q3 2020 guidance to $0.60-0.80 EPS and its Q3 guidance to $0.60-0.80 EPS.
NYSE:DY traded up $3.36 on Wednesday, reaching $44.55. 56,969 shares of the stock traded hands, compared to its average volume of 365,616. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 2.10 and a beta of 1.31. The company has a current ratio of 3.45, a quick ratio of 3.14 and a debt-to-equity ratio of 1.11. Dycom Industries has a 12 month low of $40.06 and a 12 month high of $85.65. The company’s fifty day simple moving average is $50.31 and its 200 day simple moving average is $51.66.
A number of large investors have recently added to or reduced their stakes in DY. Parallel Advisors LLC boosted its holdings in shares of Dycom Industries by 262.2% in the first quarter. Parallel Advisors LLC now owns 815 shares of the construction company’s stock worth $37,000 after buying an additional 590 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Dycom Industries during the second quarter valued at approximately $58,000. Public Employees Retirement System of Ohio lifted its holdings in Dycom Industries by 20.1% during the second quarter. Public Employees Retirement System of Ohio now owns 2,291 shares of the construction company’s stock valued at $135,000 after purchasing an additional 384 shares in the last quarter. Pearl River Capital LLC purchased a new position in Dycom Industries during the first quarter valued at approximately $138,000. Finally, Point72 Hong Kong Ltd purchased a new position in Dycom Industries during the second quarter valued at approximately $145,000. Institutional investors and hedge funds own 94.45% of the company’s stock.
About Dycom Industries
Dycom Industries, Inc provides specialty contracting services in the United States. 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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