Analysts expect Dycom Industries, Inc. (NYSE:DY) to report earnings of $0.33 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Dycom Industries’ earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.35. Dycom Industries reported earnings per share of $0.82 in the same quarter last year, which would suggest a negative year over year growth rate of 59.8%. The company is scheduled to report its next quarterly earnings report on Wednesday, March 7th.

On average, analysts expect that Dycom Industries will report full-year earnings of $4.09 per share for the current fiscal year, with EPS estimates ranging from $4.06 to $4.11. For the next financial year, analysts forecast that the firm will post earnings of $5.22 per share, with EPS estimates ranging from $4.42 to $5.84. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Dycom Industries.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Monday, November 20th. The construction company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.09. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. The business had revenue of $756.20 million during the quarter, compared to analyst estimates of $729.35 million. During the same quarter in the previous year, the business earned $1.67 EPS. Dycom Industries’s quarterly revenue was down 5.4% compared to the same quarter last year.

Several equities research analysts recently issued reports on the stock. B. Riley reaffirmed a “buy” rating on shares of Dycom Industries in a research note on Wednesday, November 1st. DA Davidson lifted their price objective on shares of Dycom Industries to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, November 21st. Zacks Investment Research raised shares of Dycom Industries from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $126.00 price objective (up previously from $120.00) on shares of Dycom Industries in a research note on Monday, December 11th. Finally, ValuEngine raised shares of Dycom Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. Dycom Industries presently has an average rating of “Buy” and an average target price of $115.10.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its holdings in Dycom Industries by 6.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,298 shares of the construction company’s stock worth $116,000 after acquiring an additional 80 shares during the period. Riverhead Capital Management LLC raised its holdings in Dycom Industries by 96.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,764 shares of the construction company’s stock worth $158,000 after acquiring an additional 864 shares during the period. Tower Research Capital LLC TRC raised its holdings in Dycom Industries by 257.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,146 shares of the construction company’s stock worth $192,000 after acquiring an additional 1,546 shares during the period. Shelton Capital Management bought a new position in Dycom Industries in the 2nd quarter worth $215,000. Finally, Cedar Capital LLC bought a new position in shares of Dycom Industries during the 3rd quarter worth about $213,000.

Shares of Dycom Industries (NYSE:DY) opened at $117.28 on Thursday. The company has a quick ratio of 2.86, a current ratio of 3.16 and a debt-to-equity ratio of 1.07. Dycom Industries has a 52 week low of $73.95 and a 52 week high of $120.72. The stock has a market cap of $3,620.15, a price-to-earnings ratio of 27.66, a P/E/G ratio of 2.32 and a beta of 1.38.

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

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