Brokerages Expect Dycom Industries, Inc. (DY) to Post $0.17 Earnings Per Share

Brokerages expect that Dycom Industries, Inc. (NYSE:DY) will announce earnings per share (EPS) of $0.17 for the current quarter, according to Zacks. Six analysts have made estimates for Dycom Industries’ earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.08. Dycom Industries reported earnings of $0.12 per share in the same quarter last year, which suggests a positive year over year growth rate of 41.7%. The business is scheduled to report its next quarterly earnings report 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 financial year, with EPS estimates ranging from $2.76 to $2.89. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.11 per share, with EPS estimates ranging from $3.70 to $4.61. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Dycom Industries.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Tuesday, November 20th. The construction company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.08. Dycom Industries had a net margin of 3.79% and a return on equity of 11.38%. The business had revenue of $848.20 million during the quarter, compared to the consensus estimate of $806.88 million. During the same period in the previous year, the firm posted $0.99 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis.

A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Dycom Industries from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. ValuEngine cut shares of Dycom Industries from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. Craig Hallum upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating in a research report on Thursday, December 13th. Finally, Canaccord Genuity assumed coverage on shares of Dycom Industries in a research report on Wednesday, November 21st. They issued a “buy” rating and a $84.00 price objective on the stock. One research 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 has an average rating of “Buy” and a consensus price target of $91.89.

Several hedge funds have recently added to or reduced their stakes in DY. First Personal Financial Services purchased a new position in shares of Dycom Industries during the fourth quarter valued at about $41,000. NumerixS Investment Technologies Inc purchased a new position in shares of Dycom Industries during the fourth quarter valued at about $77,000. Public Employees Retirement System of Ohio increased its position in shares of Dycom Industries by 24.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,476 shares of the construction company’s stock valued at $80,000 after buying an additional 288 shares during the period. Bank of Montreal Can increased its position in shares of Dycom Industries by 17.1% during the fourth quarter. Bank of Montreal Can now owns 1,686 shares of the construction company’s stock valued at $91,000 after buying an additional 246 shares during the period. Finally, Belpointe Asset Management LLC purchased a new position in shares of Dycom Industries during the third quarter valued at about $104,000. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Shares of DY stock traded down $1.05 during mid-day trading on Thursday, reaching $62.62. The stock had a trading volume of 391,200 shares, compared to its average volume of 361,671. Dycom Industries has a 52-week low of $47.77 and a 52-week high of $118.24. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 1.80 and a beta of 1.53. The company has a current ratio of 3.78, a quick ratio of 3.48 and a debt-to-equity ratio of 1.06.

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.

Further Reading: Earnings Per Share (EPS) Explained

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

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