Analysts Anticipate Dycom Industries, Inc. (DY) Will Post Quarterly Sales of $859.73 Million

Analysts expect Dycom Industries, Inc. (NYSE:DY) to report sales of $859.73 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Dycom Industries’ earnings. The lowest sales estimate is $841.20 million and the highest is $874.30 million. Dycom Industries reported sales of $799.47 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.5%. The business is expected to announce its next earnings results on Wednesday, September 4th.

According to Zacks, analysts expect that Dycom Industries will report full year sales of $3.30 billion for the current year, with estimates ranging from $3.25 billion to $3.35 billion. For the next fiscal year, analysts forecast that the firm will post sales of $3.50 billion, with estimates ranging from $3.38 billion to $3.62 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Dycom Industries.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Tuesday, May 21st. The construction company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. Dycom Industries had a return on equity of 10.52% and a net margin of 1.86%. The firm had revenue of $883.70 million for the quarter, compared to analysts’ expectations of $771.90 million. During the same period in the previous year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year.

DY has been the subject of a number of recent research reports. Stephens decreased their price target on shares of Dycom Industries from $130.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, March 4th. Craig Hallum cut their target price on Dycom Industries from $75.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, February 28th. Canaccord Genuity cut their target price on Dycom Industries from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday. They noted that the move was a valuation call. DA Davidson cut their target price on Dycom Industries from $77.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, February 28th. Finally, Zacks Investment Research upgraded Dycom Industries from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $72.50.

Shares of DY traded down $2.04 during mid-day trading on Friday, reaching $52.36. The company had a trading volume of 792,329 shares, compared to its average volume of 530,030. The company has a quick ratio of 3.52, a current ratio of 3.45 and a debt-to-equity ratio of 1.11. Dycom Industries has a 52 week low of $41.78 and a 52 week high of $100.76. The stock has a market cap of $1.65 billion, a P/E ratio of 18.83, a P/E/G ratio of 3.44 and a beta of 1.45.

A number of institutional investors have recently added to or reduced their stakes in the business. Teachers Advisors LLC grew its stake in Dycom Industries by 2.3% in the third quarter. Teachers Advisors LLC now owns 59,421 shares of the construction company’s stock valued at $5,027,000 after acquiring an additional 1,308 shares during the period. Vanguard Group Inc. grew its position in shares of Dycom Industries by 2.2% in the third quarter. Vanguard Group Inc. now owns 2,700,090 shares of the construction company’s stock valued at $228,428,000 after purchasing an additional 57,686 shares in the last quarter. Retirement Systems of Alabama grew its position in shares of Dycom Industries by 0.5% in the fourth 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. Nisa Investment Advisors LLC grew its position in shares of Dycom Industries by 89.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,180 shares of the construction company’s stock valued at $172,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. grew its position in shares of Dycom Industries by 11.5% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 8,780 shares of the construction company’s stock valued at $474,000 after purchasing an additional 908 shares in the last quarter. Hedge funds and other institutional investors own 92.36% 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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