$0.33 Earnings Per Share Expected for Dycom Industries, Inc. (DY) This Quarter

Brokerages predict that Dycom Industries, Inc. (NYSE:DY) will announce earnings of $0.33 per share for the current quarter, Zacks reports. Five analysts have issued estimates for Dycom Industries’ earnings. The lowest EPS estimate is $0.32 and the highest is $0.35. Dycom Industries posted earnings per share of $0.82 in the same quarter last year, which would indicate a negative year-over-year growth rate of 59.8%. The company is scheduled to report its next quarterly earnings results on Wednesday, March 7th.

On average, analysts expect that Dycom Industries will report full-year earnings of $4.09 per share for the current year, with EPS estimates ranging from $4.06 to $4.11. For the next fiscal year, analysts forecast that the business will report earnings of $5.22 per share, with EPS estimates ranging from $4.42 to $5.84. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Dycom Industries.

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

A number of analysts have recently weighed in on the company. B. Riley reissued a “buy” rating on shares of Dycom Industries in a research note on Wednesday, November 1st. ValuEngine raised Dycom Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Wells Fargo & Co reissued an “outperform” rating and set a $109.00 price objective (up previously from $88.00) on shares of Dycom Industries in a research note on Tuesday, November 21st. Craig Hallum reissued a “buy” rating and set a $114.00 price objective (up previously from $90.00) on shares of Dycom Industries in a research note on Tuesday, November 21st. Finally, KeyCorp reissued a “buy” rating and set a $118.00 price objective on shares of Dycom Industries in a research note on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $115.10.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Dycom Industries by 0.7% in the second quarter. Vanguard Group Inc. now owns 2,454,547 shares of the construction company’s stock worth $219,732,000 after acquiring an additional 17,420 shares during the period. State Street Corp lifted its stake in Dycom Industries by 3.3% in the second quarter. State Street Corp now owns 1,023,232 shares of the construction company’s stock worth $91,602,000 after acquiring an additional 32,975 shares during the period. Dimensional Fund Advisors LP lifted its stake in Dycom Industries by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 929,812 shares of the construction company’s stock worth $83,236,000 after acquiring an additional 5,163 shares during the period. Wells Fargo & Company MN lifted its stake in Dycom Industries by 12.2% in the third quarter. Wells Fargo & Company MN now owns 783,436 shares of the construction company’s stock worth $67,282,000 after acquiring an additional 85,079 shares during the period. Finally, Northern Trust Corp lifted its stake in Dycom Industries by 1.9% in the second quarter. Northern Trust Corp now owns 549,839 shares of the construction company’s stock worth $49,222,000 after acquiring an additional 10,158 shares during the period.

Shares of Dycom Industries (DY) opened at $117.28 on Thursday. The firm has a market capitalization of $3,620.15, a P/E ratio of 27.66, a PEG ratio of 2.32 and a beta of 1.38. Dycom Industries has a 52 week low of $73.95 and a 52 week high of $120.72. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.86 and a current ratio of 3.16.

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

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