$729.49 Million in Sales Expected for Dycom Industries, Inc. (DY) This Quarter
Equities research analysts expect Dycom Industries, Inc. (NYSE:DY) to post sales of $729.49 million for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Dycom Industries’ earnings, with the lowest sales estimate coming in at $720.40 million and the highest estimate coming in at $737.00 million. Dycom Industries posted sales of $799.22 million during the same quarter last year, which would indicate a negative year over year growth rate of 8.7%. The business is scheduled to report its next earnings report on Monday, November 20th.
According to Zacks, analysts expect that Dycom Industries will report full year sales of $729.49 million for the current year, with estimates ranging from $2.99 billion to $3.12 billion. For the next year, analysts expect that the business will post sales of $3.33 billion per share, with estimates ranging from $3.21 billion to $3.50 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Dycom Industries.
Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, August 30th. The construction company reported $1.47 EPS for the quarter, topping the Zacks’ 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 last year, the company earned $1.64 EPS. The company’s quarterly revenue was down 1.1% on a year-over-year basis.
Several research firms have recently commented on DY. BidaskClub downgraded Dycom Industries from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. FBR & Co upped their target price on Dycom Industries from $98.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, August 30th. KeyCorp raised Dycom Industries from a “sector weight” rating to an “overweight” rating and set a $87.00 target price on the stock in a research report on Wednesday, August 30th. Deutsche Bank AG initiated coverage on Dycom Industries in a research report on Tuesday, September 26th. They issued a “buy” rating and a $103.00 target price on the stock. Finally, Craig Hallum reissued a “buy” rating and set a $90.00 price target (down previously from $115.00) on shares of Dycom Industries in a research report on Thursday, August 31st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $102.71.
Shares of Dycom Industries (DY) traded down 0.15% during mid-day trading on Friday, hitting $84.47. The company’s stock had a trading volume of 346,753 shares. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 17.17 and a beta of 1.29. The company has a 50-day moving average of $82.44 and a 200 day moving average of $89.93. Dycom Industries has a 1-year low of $70.33 and a 1-year high of $110.64.
A number of large investors have recently modified their holdings of DY. Harbour Capital Advisors LLC grew its position in Dycom Industries by 9,665.8% during the second quarter. Harbour Capital Advisors LLC now owns 725,112 shares of the construction company’s stock worth $8,100,000 after buying an additional 717,687 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in Dycom Industries during the second quarter worth approximately $26,385,000. Columbus Circle Investors grew its position in Dycom Industries by 141.6% during the second quarter. Columbus Circle Investors now owns 451,063 shares of the construction company’s stock worth $40,379,000 after buying an additional 264,353 shares in the last quarter. Scout Investments Inc. grew its position in Dycom Industries by 407.6% during the second quarter. Scout Investments Inc. now owns 288,107 shares of the construction company’s stock worth $25,791,000 after buying an additional 231,345 shares in the last quarter. Finally, Federated Investors Inc. PA grew its position in Dycom Industries by 24.1% during the second quarter. Federated Investors Inc. PA now owns 816,246 shares of the construction company’s stock worth $73,070,000 after buying an additional 158,312 shares in 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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