Zacks: Brokerages Anticipate Dycom Industries, Inc. (NYSE:DY) Will Announce Earnings of $0.72 Per Share

Wall Street analysts predict that Dycom Industries, Inc. (NYSE:DY) will report $0.72 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Dycom Industries’ earnings. The lowest EPS estimate is $0.61 and the highest is $0.79. Dycom Industries posted earnings of $0.98 per share in the same quarter last year, which would suggest a negative year over year growth rate of 26.5%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, November 19th.

According to Zacks, analysts expect that Dycom Industries will report full year earnings of $2.46 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $2.54. For the next financial year, analysts forecast that the company will report earnings of $3.15 per share, with EPS estimates ranging from $3.02 to $3.26. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Dycom Industries.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, August 28th. The construction company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.25. Dycom Industries had a net margin of 1.81% and a return on equity of 10.45%. The company had revenue of $884.20 million during the quarter, compared to analysts’ expectations of $857.82 million. During the same period in the prior year, the company posted $1.05 earnings per share. Dycom Industries’s revenue for the quarter was up 10.6% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Co increased their price objective on shares of Dycom Industries from $52.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 17th. B. Riley reduced their price target on shares of Dycom Industries from $61.00 to $57.00 and set a “buy” rating for the company in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Dycom Industries presently has an average rating of “Hold” and a consensus target price of $59.43.

Large investors have recently bought and sold shares of the business. Great Lakes Advisors LLC bought a new position in shares of Dycom Industries in the third quarter valued at $7,252,000. BBVA USA Bancshares Inc. lifted its stake in shares of Dycom Industries by 19.7% in the third quarter. BBVA USA Bancshares Inc. now owns 9,335 shares of the construction company’s stock valued at $477,000 after buying an additional 1,535 shares in the last quarter. GW&K Investment Management LLC lifted its stake in shares of Dycom Industries by 40.6% in the third quarter. GW&K Investment Management LLC now owns 51,322 shares of the construction company’s stock valued at $2,620,000 after buying an additional 14,809 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Dycom Industries by 65.4% in the third quarter. SG Americas Securities LLC now owns 14,886 shares of the construction company’s stock valued at $760,000 after buying an additional 5,884 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS bought a new position in shares of Dycom Industries in the third quarter valued at $3,460,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Shares of DY traded up $1.07 during trading hours on Thursday, hitting $50.70. 251,422 shares of the stock were exchanged, compared to its average volume of 284,426. Dycom Industries has a fifty-two week low of $40.06 and a fifty-two week high of $74.19. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.66 and a quick ratio of 3.36. The business has a 50-day moving average of $48.93 and a 200-day moving average of $50.62. The firm has a market capitalization of $1.56 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 2.69 and a beta of 1.34.

Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services in the United States. 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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