Wall Street brokerages forecast that Dycom Industries, Inc. (NYSE:DY) will post earnings per share of $0.11 for the current quarter, Zacks reports. Three analysts have issued estimates for Dycom Industries’ earnings, with estimates ranging from $0.10 to $0.12. Dycom Industries posted earnings of $0.82 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 86.6%. The firm is expected to report its next quarterly earnings report before the market opens on Wednesday, February 28th.
According to Zacks, analysts expect that Dycom Industries will report full year earnings of $3.92 per share for the current fiscal year, with EPS estimates ranging from $3.87 to $4.06. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.69 per share, with EPS estimates ranging from $5.48 to $5.84. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Dycom Industries.
Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Monday, November 20th. The construction company reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.09. The firm had revenue of $756.20 million for the quarter, compared to analyst estimates of $729.35 million. Dycom Industries had a return on equity of 22.49% and a net margin of 4.46%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $1.67 EPS.
DY has been the topic of several recent research reports. B. Riley restated a “buy” rating on shares of Dycom Industries in a research report on Wednesday, November 1st. Craig Hallum restated a “buy” rating and issued a $129.00 price target (up from $114.00) on shares of Dycom Industries in a research report on Tuesday, February 13th. Wells Fargo & Co raised their price target on Dycom Industries from $108.50 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Canaccord Genuity restated a “buy” rating and issued a $125.00 price target (up from $110.00) on shares of Dycom Industries in a research report on Tuesday, February 13th. Finally, KeyCorp raised their price target on Dycom Industries from $118.00 to $123.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. Dycom Industries currently has a consensus rating of “Buy” and a consensus target price of $121.50.
Dycom Industries (DY) opened at $113.81 on Wednesday. The company has a market capitalization of $3,561.36, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 1.64 and a beta of 1.36. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.16 and a quick ratio of 2.86. Dycom Industries has a 12-month low of $73.95 and a 12-month high of $123.99.
Institutional investors have recently modified their holdings of the stock. Wellington Shields Capital Management LLC acquired a new stake in Dycom Industries during the 3rd quarter worth $966,000. Thompson Siegel & Walmsley LLC raised its stake in Dycom Industries by 12.2% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 330,772 shares of the construction company’s stock worth $28,406,000 after buying an additional 36,034 shares during the period. Strs Ohio raised its stake in Dycom Industries by 461.8% during the 3rd quarter. Strs Ohio now owns 15,730 shares of the construction company’s stock worth $1,350,000 after buying an additional 12,930 shares during the period. State Street Corp raised its stake in Dycom Industries by 3.3% during the 2nd quarter. State Street Corp now owns 1,023,232 shares of the construction company’s stock worth $91,602,000 after buying an additional 32,975 shares during the period. Finally, Gabelli Funds LLC acquired a new stake in Dycom Industries during the 3rd quarter worth $859,000.
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About Dycom Industries
Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.
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