B.Riley FBR analyst Alex Rygiel reiterated a Buy rating on Dycom (NYSE:DY) on Monday, setting a price target of $46, which is approximately 2.91% below the present share price of $47.38.
Rygiel expects Dycom to post earnings per share (EPS) of -$1.03 for the third quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in Dycom, with an average price target of $52.
The analysts price targets range from a high of $55 to a low of $46.
In its latest earnings report, released on 04/30/2020, the company reported a quarterly revenue of $814.32 million and a net profit of $22.36 million. The company's market cap is $1.5 billion.
According to TipRanks.com, B.Riley FBR analyst Alex Rygiel is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 4.4% and a 53.96% success rate.
Dycom Industries, Inc. provides specialty contracting services throughout the United States. Its services include engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including other construction and maintenance services to electric and gas utilities, and others. The company was founded in 1969 and is headquartered in Palm Beach Gardens, FL.