Dycom Industries, Inc. (DY) Expected to Announce Earnings of $0.43 Per Share

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Wall Street brokerages predict that Dycom Industries, Inc. (NYSE:DY) will announce earnings per share of $0.43 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Dycom Industries’ earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.34. Dycom Industries reported earnings per share of $0.65 during the same quarter last year, which suggests a negative year over year growth rate of 33.8%. The firm is scheduled to issue its next earnings report on Tuesday, May 28th.

On average, analysts expect that Dycom Industries will report full year earnings of $2.56 per share for the current year, with EPS estimates ranging from $2.30 to $2.91. For the next financial year, analysts forecast that the business will report earnings of $3.35 per share, with EPS estimates ranging from $3.14 to $3.48. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Dycom Industries.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, February 27th. The construction company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.06). Dycom Industries had a return on equity of 11.24% and a net margin of 2.01%. The company had revenue of $748.62 million for the quarter, compared to analyst estimates of $719.25 million. During the same period last year, the firm posted $0.12 EPS. The business’s quarterly revenue was up 14.3% on a year-over-year basis.

Several brokerages have weighed in on DY. B. Riley upgraded Dycom Industries from a “neutral” rating to a “buy” rating and cut their price target for the stock from $84.00 to $60.00 in a report on Wednesday, February 27th. Craig Hallum raised Dycom Industries from a “hold” rating to a “buy” rating in a research report on Thursday, December 13th. Zacks Investment Research cut Dycom Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Canaccord Genuity started coverage on Dycom Industries in a research report on Wednesday, November 21st. They set a “buy” rating and a $84.00 price objective for the company. Finally, Stephens reduced their price target on Dycom Industries from $130.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. Dycom Industries has an average rating of “Buy” and an average target price of $76.80.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of Dycom Industries in the fourth quarter valued at $13,149,000. Schroder Investment Management Group boosted its holdings in Dycom Industries by 29.0% during the third 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 during the period. SG Capital Management LLC lifted its stake in shares of Dycom Industries by 984.5% in the fourth quarter. SG Capital Management LLC now owns 214,425 shares of the construction company’s stock valued at $11,588,000 after buying an additional 194,654 shares during the period. Millennium Management LLC lifted its stake in shares of Dycom Industries by 3,550.6% in the fourth quarter. Millennium Management LLC now owns 193,301 shares of the construction company’s stock valued at $10,446,000 after buying an additional 188,006 shares during the period. Finally, Clearbridge Investments LLC raised its position in Dycom Industries by 1,517,725.0% in the third 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 in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Shares of Dycom Industries stock traded up $0.41 during trading hours on Friday, hitting $49.51. The company’s stock had a trading volume of 633,497 shares, compared to its average volume of 611,893. The company has a quick ratio of 3.52, a current ratio of 3.85 and a debt-to-equity ratio of 1.08. The firm has a market cap of $1.55 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 2.96 and a beta of 1.44. Dycom Industries has a twelve month low of $41.78 and a twelve month high of $117.40.

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

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