Wall Street brokerages expect that Dycom Industries, Inc. (NYSE:DY) will announce earnings per share (EPS) of $0.69 for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Dycom Industries’ earnings. The lowest EPS estimate is $0.65 and the highest is $0.71. Dycom Industries reported earnings of $1.30 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 46.9%. The firm is scheduled to announce its next earnings results on Wednesday, May 23rd.
According to Zacks, analysts expect that Dycom Industries will report full-year earnings of $5.72 per share for the current fiscal year, with EPS estimates ranging from $5.58 to $5.90. For the next year, analysts expect that the company will report earnings of $6.90 per share, with EPS estimates ranging from $6.44 to $7.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Dycom Industries.
Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Dycom Industries had a return on equity of 18.67% and a net margin of 5.08%. The company had revenue of $655.13 million for the quarter, compared to analysts’ expectations of $655.72 million. During the same quarter in the prior year, the business posted $0.82 EPS. The business’s revenue was down 6.6% compared to the same quarter last year.
Shares of Dycom Industries (NYSE:DY) traded down $1.14 during trading on Friday, hitting $113.64. The stock had a trading volume of 138,872 shares, compared to its average volume of 515,938. Dycom Industries has a one year low of $73.95 and a one year high of $123.99. The company has a market cap of $3,517.38, a PE ratio of 24.05, a P/E/G ratio of 1.60 and a beta of 1.39. The company has a current ratio of 3.16, a quick ratio of 2.86 and a debt-to-equity ratio of 1.07.
In related news, Director Patricia Higgins sold 2,604 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $109.08, for a total value of $284,044.32. Following the sale, the director now owns 30,246 shares in the company, valued at approximately $3,299,233.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.35% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of DY. Elkfork Partners LLC bought a new position in Dycom Industries during the 4th quarter worth $324,000. Rehmann Capital Advisory Group bought a new position in Dycom Industries during the 4th quarter worth $235,000. Xact Kapitalforvaltning AB bought a new position in Dycom Industries during the 4th quarter worth $318,000. Envestnet Asset Management Inc. increased its position in Dycom Industries by 27.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 51,516 shares of the construction company’s stock worth $5,740,000 after buying an additional 11,034 shares during the period. Finally, Meitav Dash Investments Ltd. bought a new position in Dycom Industries during the 4th quarter worth $13,186,000.
About Dycom Industries
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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