Dycom Industries, Inc. (DY) Posts Quarterly Earnings Results, Beats Estimates By $0.14 EPS
Tuesday, August 23, 2021 5:05 PM

Dycom Industries, Inc. (DY) announced its quarterly results on Tuesday. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.14. The company’s quarterly revenue was up 7.9% on a year-over-year basis.

On a related note, analysts at Zacks Investment Research upgraded shares of Dycom Industries, Inc. from a "neutral" rating to an "outperform" rating in a research note to investors on Monday, July 25th.

Shares of Dycom Industries, Inc. (DY) traded up 8.13% during mid-day trading on Tuesday, hitting $13.83. Dycom Industries, Inc. (DY) has a 52 week low of $7.30 and a 52 week high of $18.78. The stock's 50-day moving average is $15.86 and its 200-day moving average is $15.77. The company has a market cap of $470.8 million and a price-to-earnings ratio of 59.21.

Dycom Industries, Inc. (Dycom) is a provider of specialty contracting services. These services are provided throughout the United States and include 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 and others. Dycom also provides services on a limited basis in Canada. For the fiscal year ended July 31, 2021 (fiscal 2010), revenue by customer type from telecommunications, underground facility locating, and electric and gas utilities and other customers, was approximately 79.2%, 17.8% and 3.0%, respectively.

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