Dycom Industries (DY) is Reiterated by FBR & Co. to Outperform, Lowers Price Target to $ 115

Dycom Industries (DY) was Reiterated by FBR & Co. to “Outperform” while Lowering the Price Target of the company shares to $ 115 from a previous price target of $121 . FBR & Co. advised their investors in a research report released on Nov 22, 2016.

On the company’s financial health, Dycom Industries reported $1.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Nov 21, 2016. Analyst had a consensus of $1.65. The company had revenue of $799.20 million for the quarter, compared to analysts expectations of $800.13 million. The company’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS.

Dycom Industries opened for trading at $91.13 and hit $91.96 on the upside on Monday, eventually ending the session at $91.81, with a gain of 0.33% or 0.3 points. The heightened volatility saw the trading volume jump to 7,36,594 shares. Company has a market cap of $2,885 M.

In a different news, on Jul 15, 2016, Kimberly L Dickens (VP & Chief HR Officer) sold 1,661 shares at $95.87 per share price. According to the SEC, on Jul 15, 2016, Timothy R Estes (Executive VP & COO) sold 10,000 shares at $96.03 per share price. On Jul 15, 2016, H Andrew Deferrari (Sr. VP & CFO) sold 9,147 shares at $95.99 per share price, according to the Form-4 filing with the securities and exchange commission.

Dycom Industries Inc. is a provider of specialty contracting services throughout the United States and in Canada. The Company through its subsidiaries provides engineering construction maintenance and installation services to telecommunications providers underground facility locating services to various utilities including telecommunications providers and other construction and maintenance services to electric and gas utilities. It offers engineering services which include the design of aerial underground and buried fiber optic copper and coaxial cable systems that extend from the telephone company central office or cable operator headend to the consumer’s home or business. It also provides tower construction lines and antenna installation and foundation and equipment pad construction for wireless carriers as well as equipment installation and material fabrication and site testing services.

Dycom Industries

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