Dycom Industries, Inc. (DY) Expected to Announce Quarterly Sales of $770.58 Million

Wall Street brokerages forecast that Dycom Industries, Inc. (NYSE:DY) will announce sales of $770.58 million for the current quarter, Zacks reports. Six analysts have issued estimates for Dycom Industries’ earnings, with the highest sales estimate coming in at $784.30 million and the lowest estimate coming in at $750.45 million. Dycom Industries posted sales of $731.38 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.4%. The firm is expected to report its next earnings report on Tuesday, May 28th.

According to Zacks, analysts expect that Dycom Industries will report full year sales of $3.30 billion for the current financial year, with estimates ranging from $3.25 billion to $3.35 billion. For the next fiscal year, analysts expect that the company will post sales of $3.50 billion, with estimates ranging from $3.38 billion to $3.62 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Dycom Industries.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, February 27th. The construction company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.07). Dycom Industries had a return on equity of 11.24% and a net margin of 2.01%. The company had revenue of $748.62 million for the quarter, compared to analyst estimates of $719.25 million. During the same period last year, the company earned $0.12 earnings per share. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year.

A number of equities research analysts recently commented on DY shares. Zacks Investment Research raised shares of Dycom Industries from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. DA Davidson lowered their price objective on shares of Dycom Industries from $77.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, February 28th. ValuEngine cut shares of Dycom Industries from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 28th. B. Riley raised shares of Dycom Industries from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $84.00 to $60.00 in a research note on Wednesday, February 27th. Finally, Stephens lowered their price objective on shares of Dycom Industries from $130.00 to $57.00 and set an “overweight” rating on the stock in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. Dycom Industries has a consensus rating of “Buy” and an average target price of $76.80.

NYSE:DY opened at $51.20 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.52 and a current ratio of 3.85. Dycom Industries has a fifty-two week low of $41.78 and a fifty-two week high of $117.40. The firm has a market cap of $1.51 billion, a PE ratio of 18.42, a P/E/G ratio of 2.92 and a beta of 1.44.

A number of large investors have recently added to or reduced their stakes in the business. Retirement Systems of Alabama lifted its holdings in Dycom Industries by 0.5% in the 4th quarter. Retirement Systems of Alabama now owns 40,578 shares of the construction company’s stock valued at $2,193,000 after purchasing an additional 212 shares in the last quarter. Campbell Newman Asset Management Inc. lifted its holdings in Dycom Industries by 2.4% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 8,994 shares of the construction company’s stock valued at $413,000 after purchasing an additional 214 shares in the last quarter. Bank of Montreal Can lifted its holdings in Dycom Industries by 17.1% in the 4th quarter. Bank of Montreal Can now owns 1,686 shares of the construction company’s stock valued at $91,000 after purchasing an additional 246 shares in the last quarter. Arizona State Retirement System lifted its holdings in Dycom Industries by 1.3% in the 4th quarter. Arizona State Retirement System now owns 22,463 shares of the construction company’s stock valued at $1,214,000 after purchasing an additional 284 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in Dycom Industries by 24.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,476 shares of the construction company’s stock valued at $80,000 after purchasing an additional 288 shares in the last quarter. Institutional investors own 94.78% of the company’s stock.

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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