Wall Street brokerages expect Dycom Industries, Inc. (NYSE:DY) to announce earnings of $0.17 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Dycom Industries’ earnings. The lowest EPS estimate is $0.08 and the highest is $0.23. Dycom Industries reported earnings per share of $0.12 during the same quarter last year, which would indicate a positive year-over-year growth rate of 41.7%. The company is expected to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Dycom Industries will report full-year earnings of $2.83 per share for the current year, with EPS estimates ranging from $2.76 to $2.89. For the next financial year, analysts forecast that the firm will report earnings of $4.11 per share, with EPS estimates ranging from $3.70 to $4.61. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Dycom Industries.
Dycom Industries (NYSE:DY) last issued its earnings results on Tuesday, November 20th. The construction company reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.08. The firm had revenue of $848.20 million for the quarter, compared to the consensus estimate of $806.88 million. Dycom Industries had a return on equity of 11.38% and a net margin of 3.79%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS.
A number of brokerages have weighed in on DY. Zacks Investment Research raised Dycom Industries from a “sell” rating to a “hold” rating in a report on Monday, February 4th. ValuEngine downgraded Dycom Industries from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Craig Hallum raised Dycom Industries from a “hold” rating to a “buy” rating in a report on Thursday, December 13th. Canaccord Genuity initiated coverage on Dycom Industries in a report on Wednesday, November 21st. They set a “buy” rating and a $84.00 price objective on the stock. Finally, TheStreet downgraded Dycom Industries from a “b-” rating to a “c+” rating in a report on Friday, October 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $91.89.
Shares of DY stock opened at $62.09 on Thursday. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 1.65 and a beta of 1.53. Dycom Industries has a fifty-two week low of $47.77 and a fifty-two week high of $118.24. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.48 and a current ratio of 3.78.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DY. Schroder Investment Management Group boosted its holdings in shares of Dycom Industries by 29.0% during the 3rd quarter. Schroder Investment Management Group now owns 927,539 shares of the construction company’s stock valued at $78,470,000 after acquiring an additional 208,636 shares in the last quarter. SG Capital Management LLC raised its position in Dycom Industries by 984.5% during the 4th quarter. SG Capital Management LLC now owns 214,425 shares of the construction company’s stock worth $11,588,000 after purchasing an additional 194,654 shares during the last quarter. Clearbridge Investments LLC raised its position in Dycom Industries by 1,517,725.0% during the 3rd quarter. Clearbridge Investments LLC now owns 182,139 shares of the construction company’s stock worth $15,409,000 after purchasing an additional 182,127 shares during the last quarter. 1060 Capital LLC bought a new position in Dycom Industries during the 3rd quarter worth $11,218,000. Finally, American Century Companies Inc. raised its position in Dycom Industries by 35.8% during the 3rd quarter. American Century Companies Inc. now owns 458,070 shares of the construction company’s stock worth $38,753,000 after purchasing an additional 120,697 shares during the last quarter. 99.08% of the stock is currently owned by institutional investors.
Dycom Industries Company Profile
Dycom Industries, Inc provides specialty contracting services in the United States and Canada. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.
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