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Wall Street analysts expect Dycom Industries, Inc. (NYSE:DY - Get Rating) to post sales of $853.30 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Dycom Industries' earnings. The highest sales estimate is $857.89 million and the lowest is $844.20 million. Dycom Industries reported sales of $787.57 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.3%. The company is scheduled to report its next earnings results on Monday, January 1st.
On average, analysts expect that Dycom Industries will report full-year sales of $3.42 billion for the current year, with estimates ranging from $3.33 billion to $3.49 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.76 billion, with estimates ranging from $3.61 billion to $3.90 billion. Zacks' sales averages are an average based on a survey of sell-side research analysts that cover Dycom Industries.
Dycom Industries (NYSE:DY - Get Rating) last announced its quarterly earnings results on Wednesday, March 2nd. The construction company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.09. The firm had revenue of $761.40 million for the quarter, compared to analyst estimates of $723.83 million. Dycom Industries had a net margin of 1.55% and a return on equity of 5.94%. The business's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) EPS.
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Several brokerages have issued reports on DY. TheStreet lowered shares of Dycom Industries from a "b-" rating to a "c+" rating in a report on Wednesday, March 2nd. StockNews.com began coverage on shares of Dycom Industries in a research note on Thursday, March 31st. They issued a "buy" rating on the stock. Wells Fargo & Company reduced their target price on shares of Dycom Industries from $120.00 to $110.00 in a research note on Wednesday, May 11th. DA Davidson boosted their target price on shares of Dycom Industries from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday. Finally, B. Riley reduced their target price on shares of Dycom Industries from $120.00 to $115.00 in a research note on Thursday, March 3rd. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $112.14.
Shares of Dycom Industries stock opened at $94.15 on Friday. The firm has a market capitalization of $2.79 billion, a PE ratio of 59.21 and a beta of 1.53. The company has a debt-to-equity ratio of 1.09, a current ratio of 3.55 and a quick ratio of 3.34. The company's fifty day moving average price is $89.03 and its two-hundred day moving average price is $90.32. Dycom Industries has a 52-week low of $62.88 and a 52-week high of $105.28.
Institutional investors have recently added to or reduced their stakes in the business. Counterpoint Mutual Funds LLC acquired a new position in Dycom Industries during the 4th quarter valued at about $26,000. Tcwp LLC acquired a new position in Dycom Industries during the 1st quarter valued at about $38,000. UMB Bank N A MO bought a new stake in shares of Dycom Industries in the 4th quarter valued at about $39,000. Strs Ohio bought a new stake in shares of Dycom Industries in the 1st quarter valued at about $57,000. Finally, Convergence Investment Partners LLC bought a new stake in shares of Dycom Industries in the 1st quarter valued at about $151,000. Institutional investors own 92.89% of the company's stock.
About Dycom Industries (Get Rating)
Dycom Industries, Inc provides specialty contracting services in the United States. The company offers program management and engineering services; plans and designs aerial, underground, and buried fiber optic, copper, and coaxial cable systems; and construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.
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