$0.64 EPS Expected for Dycom Industries, Inc. (NYSE:DY) This Quarter

Analysts expect that Dycom Industries, Inc. (NYSE:DY) will announce earnings of $0.64 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Dycom Industries’ earnings. The lowest EPS estimate is $0.49 and the highest is $0.74. Dycom Industries reported earnings per share of $1.09 during the same quarter last year, which suggests a negative year over year growth rate of 41.3%. The company is expected to issue its next earnings results on Wednesday, August 26th.

According to Zacks, analysts expect that Dycom Industries will report full year earnings of $1.87 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $2.17. For the next fiscal year, analysts forecast that the company will report earnings of $2.67 per share, with EPS estimates ranging from $2.08 to $2.96. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Dycom Industries.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.42. The firm had revenue of $814.30 million during the quarter, compared to analyst estimates of $747.03 million. Dycom Industries had a return on equity of 7.78% and a net margin of 0.32%. Dycom Industries’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS.

Several equities analysts have recently issued reports on DY shares. Vertical Research began coverage on Dycom Industries in a research report on Thursday, March 19th. They issued a “buy” rating for the company. Wells Fargo & Co boosted their target price on Dycom Industries from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday. Stifel Nicolaus boosted their target price on Dycom Industries from $49.00 to $52.50 and gave the stock a “buy” rating in a research report on Thursday. TheStreet lowered Dycom Industries from a “c-” rating to a “d+” rating in a research report on Tuesday, March 3rd. Finally, Stephens decreased their target price on Dycom Industries from $50.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, March 17th. Nine analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $44.64.

Shares of DY traded up $0.85 during trading hours on Friday, hitting $39.62. The company had a trading volume of 506,285 shares, compared to its average volume of 692,859. The firm has a fifty day moving average price of $29.33 and a 200-day moving average price of $38.29. The company has a debt-to-equity ratio of 1.69, a quick ratio of 3.59 and a current ratio of 4.51. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 121.16 and a beta of 1.41. Dycom Industries has a 52-week low of $12.24 and a 52-week high of $60.55.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DY. Schroder Investment Management Group increased its position in shares of Dycom Industries by 65.1% during the 1st quarter. Schroder Investment Management Group now owns 1,178,756 shares of the construction company’s stock valued at $33,925,000 after purchasing an additional 464,783 shares during the last quarter. Invesco Ltd. grew its stake in shares of Dycom Industries by 91.4% during the 1st quarter. Invesco Ltd. now owns 536,742 shares of the construction company’s stock valued at $13,767,000 after acquiring an additional 256,385 shares during the period. Norges Bank bought a new position in shares of Dycom Industries during the 4th quarter valued at approximately $10,472,000. Two Sigma Advisers LP grew its stake in shares of Dycom Industries by 237.6% during the 1st quarter. Two Sigma Advisers LP now owns 229,600 shares of the construction company’s stock valued at $5,889,000 after acquiring an additional 161,600 shares during the period. Finally, Schonfeld Strategic Advisors LLC grew its stake in shares of Dycom Industries by 70.2% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 234,600 shares of the construction company’s stock valued at $11,062,000 after acquiring an additional 96,800 shares during the period. 91.14% of the stock is owned by hedge funds and other institutional investors.

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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