Wall Street analysts predict that Dycom Industries, Inc. (NYSE:DY) will announce $798.76 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Dycom Industries’ earnings. The lowest sales estimate is $787.64 million and the highest is $809.60 million. Dycom Industries posted sales of $789.16 million in the same quarter last year, which suggests a positive year over year growth rate of 1.2%. The business is expected to report its next earnings report on Tuesday, August 22nd.

On average, analysts expect that Dycom Industries will report full-year sales of $798.76 million for the current fiscal year, with estimates ranging from $3.07 billion to $3.10 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $3.21 billion per share, with estimates ranging from $3.11 billion to $3.31 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Dycom Industries.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, May 24th. The construction company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.11. Dycom Industries had a net margin of 5.30% and a return on equity of 28.96%. The firm had revenue of $786.30 million for the quarter, compared to analyst estimates of $736.20 million. During the same period last year, the firm posted $1.08 EPS. Dycom Industries’s quarterly revenue was up 18.3% on a year-over-year basis.

A number of research analysts recently commented on DY shares. ValuEngine downgraded Dycom Industries from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Zacks Investment Research downgraded Dycom Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. Wells Fargo & Company restated an “overweight” rating on shares of Dycom Industries in a research note on Wednesday, April 19th. Stifel Nicolaus restated a “buy” rating and set a $120.00 price objective (up from $112.00) on shares of Dycom Industries in a research note on Saturday, April 22nd. Finally, DA Davidson restated a “neutral” rating and set a $97.00 price objective (down from $105.00) on shares of Dycom Industries in a research note on Sunday, May 28th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Dycom Industries currently has an average rating of “Buy” and an average price target of $102.09.

Dycom Industries (NYSE:DY) opened at 84.10 on Tuesday. The company has a 50-day moving average of $90.07 and a 200-day moving average of $91.52. Dycom Industries has a 52-week low of $70.33 and a 52-week high of $110.64. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 16.54 and a beta of 1.18.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC acquired a new position in Dycom Industries during the first quarter valued at about $121,000. GW&K Investment Management LLC acquired a new position in Dycom Industries during the second quarter valued at about $2,988,000. EULAV Asset Management acquired a new position in Dycom Industries during the first quarter valued at about $1,162,000. Norges Bank acquired a new position in Dycom Industries during the fourth quarter valued at about $12,808,000. Finally, Vanguard Group Inc. boosted its position in Dycom Industries by 4.6% in the first quarter. Vanguard Group Inc. now owns 2,437,127 shares of the construction company’s stock valued at $226,531,000 after buying an additional 106,817 shares during the last quarter.

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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Earnings History and Estimates for Dycom Industries (NYSE:DY)

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