Analysts at Morgan Keegan maintain their "outperform" rating on Dycom Industries Inc DY. The target price for DY is set to $13.
According to Morgan Keegan, “Dycom will report Q4:FY10 (Jul) results on August 24th with a conference call on the 25th; sales likely grow well over 10% seq. near our $273 mm and the Street’s $274 mm, and even with higher expenses, an improved gross margin delivers in line earnings per share of $0.12.”
“Seasonal factors likely contribute to a sequential sales drop in the October quarter with government stimulus and Frontier’s broadband initiatives as offsets; we expect sales of $263 mm, a bit above the Street’s $260 mm. We expect earnings of $0.13, above the Street’s $0.10,” the analysts add.
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Posted In: Analyst ColorEarningsMarketsAnalyst RatingsConstruction & EngineeringIndustrialsMorgan Keegan
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