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.
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.
TRADEMARK VIOLATION WARNING: This report was first published by American Banking News and is owned by of American Banking News. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://www.americanbankingnews.com/2018/01/20/663-77-million-in-sales-expected-for-dycom-industries-inc-dy-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dycom Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries and related companies with MarketBeat.com's FREE daily email newsletter.