Wall Street brokerages expect Dycom Industries, Inc. (NYSE:DY) to announce sales of $731.22 million for the current quarter, Zacks reports. Five analysts have issued estimates for Dycom Industries’ earnings. The highest sales estimate is $737.00 million and the lowest is $720.40 million. Dycom Industries posted sales of $799.22 million in the same quarter last year, which suggests a negative year over year growth rate of 8.5%. The company is scheduled to report its next quarterly earnings results on Monday, November 20th.
According to Zacks, analysts expect that Dycom Industries will report full year sales of $731.22 million for the current fiscal year, with estimates ranging from $2.99 billion to $3.17 billion. For the next financial year, analysts anticipate that the business will post sales of $3.32 billion per share, with estimates ranging from $3.21 billion to $3.50 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Dycom Industries.
Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, August 30th. The construction company reported $1.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.03. Dycom Industries had a return on equity of 26.68% and a net margin of 5.13%. The company had revenue of $780.20 million during the quarter, compared to the consensus estimate of $798.62 million. During the same quarter in the prior year, the business earned $1.64 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year.
A number of equities research analysts recently weighed in on the company. FBR & Co lifted their target price on Dycom Industries from $98.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, August 30th. ValuEngine downgraded Dycom Industries from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. DA Davidson reissued a “neutral” rating and set a $97.00 target price (down from $105.00) on shares of Dycom Industries in a research report on Sunday, May 28th. Canaccord Genuity reissued a “buy” rating and set a $52.00 target price on shares of Dycom Industries in a research report on Thursday, May 25th. Finally, BidaskClub raised Dycom Industries from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Dycom Industries currently has a consensus rating of “Buy” and an average target price of $105.29.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DY. Pacad Investment Ltd. boosted its holdings in Dycom Industries by 71.4% during the second quarter. Pacad Investment Ltd. now owns 1,200 shares of the construction company’s stock valued at $107,000 after purchasing an additional 500 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Dycom Industries by 6.6% during the second quarter. Public Employees Retirement System of Ohio now owns 1,298 shares of the construction company’s stock valued at $116,000 after purchasing an additional 80 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in Dycom Industries by 96.0% during the second quarter. Riverhead Capital Management LLC now owns 1,764 shares of the construction company’s stock valued at $158,000 after purchasing an additional 864 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Dycom Industries by 257.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,146 shares of the construction company’s stock valued at $192,000 after purchasing an additional 1,546 shares in the last quarter. Finally, Sigma Planning Corp acquired a new stake in Dycom Industries during the second quarter valued at approximately $211,000.
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Shares of Dycom Industries (NYSE:DY) opened at 79.01 on Thursday. The stock has a 50 day moving average price of $82.85 and a 200 day moving average price of $91.82. The stock has a market cap of $2.46 billion, a P/E ratio of 16.06 and a beta of 1.26. Dycom Industries has a 12 month low of $70.33 and a 12 month high of $110.64.
Dycom Industries Company Profile
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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