Raymond James Starts Stock Coverage on Dycom Industries (DY)
Equities research analysts at Raymond James (NYSE: RJF) started coverage on shares of Dycom Industries (NYSE: DY) in a research note issued to investors on Friday. The firm set an “outperform” rating and a $25.00 price target on the stock.
Separately, analysts at Stifel Nicolaus initiated coverage on shares of Dycom Industries in a research note to investors on Friday, April 20th. They set a “buy” rating and a $30.00 price target on the stock.
Shares of Dycom Industries traded down 0.51% during mid-day trading on Friday, hitting $23.27. Dycom Industries has a 52 week low of $12.26 and a 52 week high of $23.93. The company has a market cap of $791.2 million and a P/E ratio of 26.34.
The company last announced its quarterly results on Tuesday, February 28th. It reported $0.10 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.05 EPS by $0.05. The company’s quarterly revenue was up 22.5% on a year-over-year basis. On average, analysts predict that Dycom Industries will post $0.40 earnings per share next quarter.
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.