Dycom Industries, Inc. (DY) Forecasted to Post FY2018 Earnings of $3.88 Per Share

Dycom Industries, Inc. (NYSE:DY) – Stock analysts at DA Davidson decreased their FY2018 earnings per share estimates for Dycom Industries in a report released on Monday. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings per share of $3.88 for the year, down from their previous forecast of $4.10. DA Davidson has a “Neutral” rating and a $100.00 price target on the stock. DA Davidson also issued estimates for Dycom Industries’ Q4 2018 earnings at $0.12 EPS, Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $1.87 EPS, Q3 2019 earnings at $2.10 EPS, Q4 2019 earnings at $0.98 EPS and FY2019 earnings at $5.66 EPS.

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus raised their price objective on shares of Dycom Industries from $93.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. ValuEngine upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. Craig Hallum reiterated a “buy” rating and set a $114.00 price target (up previously from $90.00) on shares of Dycom Industries in a research note on Tuesday, November 21st. B. Riley reiterated a “buy” rating and set a $119.00 price target (up previously from $98.00) on shares of Dycom Industries in a research note on Friday, November 17th. Finally, KeyCorp reiterated a “buy” rating and set a $118.00 price target on shares of Dycom Industries in a research note on Thursday, December 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $121.50.

Shares of Dycom Industries (NYSE DY) traded up $0.30 during trading on Thursday, hitting $113.26. 178,837 shares of the stock traded hands, compared to its average volume of 546,179. The firm has a market capitalization of $3,379.44, a P/E ratio of 26.71, a price-to-earnings-growth ratio of 1.56 and a beta of 1.36. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.86 and a current ratio of 3.16. Dycom Industries has a twelve month low of $73.95 and a twelve month high of $123.99.

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

Several institutional investors have recently added to or reduced their stakes in DY. Voya Investment Management LLC raised its holdings in shares of Dycom Industries by 9.3% in the second quarter. Voya Investment Management LLC now owns 14,270 shares of the construction company’s stock valued at $1,277,000 after buying an additional 1,212 shares during the last quarter. Shelton Capital Management bought a new position in shares of Dycom Industries in the second quarter valued at about $215,000. State Street Corp raised its holdings in shares of Dycom Industries by 3.3% in the second quarter. State Street Corp now owns 1,023,232 shares of the construction company’s stock valued at $91,602,000 after buying an additional 32,975 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Dycom Industries by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 68,127 shares of the construction company’s stock valued at $6,099,000 after buying an additional 177 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Dycom Industries by 6.6% in the second quarter. Public Employees Retirement System of Ohio now owns 1,298 shares of the construction company’s stock valued at $116,000 after buying an additional 80 shares during the last quarter.

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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.

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

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