$663.77 Million in Sales Expected for Dycom Industries, Inc. (DY) This Quarter

Wall Street brokerages expect Dycom Industries, Inc. (NYSE:DY) to report $663.77 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Dycom Industries’ earnings, with estimates ranging from $660.14 million to $667.90 million. Dycom Industries posted sales of $701.13 million in the same quarter last year, which suggests a negative year-over-year growth rate of 5.3%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, March 7th.

On average, analysts expect that Dycom Industries will report full year sales of $663.77 million for the current fiscal year. For the next financial year, analysts forecast that the company will post sales of $3.37 billion per share, with estimates ranging from $3.30 billion to $3.44 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Dycom Industries.

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

A number of research analysts have issued reports on DY shares. Deutsche Bank started coverage on Dycom Industries in a research note on Tuesday, September 26th. They issued a “buy” rating and a $103.00 target price for the company. Zacks Investment Research raised Dycom Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 31st. B. Riley reaffirmed a “buy” rating on shares of Dycom Industries in a research report on Wednesday, November 1st. Stephens upped their price objective on Dycom Industries from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, November 16th. Finally, DA Davidson upped their price objective on Dycom Industries to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $115.10.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised 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 worth $116,000 after acquiring an additional 80 shares in the last quarter. Riverhead Capital Management LLC raised 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 worth $158,000 after acquiring an additional 864 shares in the last quarter. Tower Research Capital LLC TRC raised 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 worth $192,000 after acquiring an additional 1,546 shares in the last quarter. Cedar Capital LLC bought a new stake in Dycom Industries during the third quarter worth about $213,000. Finally, Shelton Capital Management bought a new stake in Dycom Industries during the second quarter worth about $215,000.

Dycom Industries (NYSE:DY) traded up $1.52 during trading hours on Friday, reaching $118.53. The company’s stock had a trading volume of 325,430 shares, compared to its average volume of 381,624. Dycom Industries has a 1 year low of $73.95 and a 1 year high of $120.72. The company has a current ratio of 3.16, a quick ratio of 2.86 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $3,620.15, a PE ratio of 25.55, a price-to-earnings-growth 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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