Q2 2020 EPS Estimates for Dycom Industries, Inc. (DY) Lifted by Analyst

Dycom Industries, Inc. (NYSE:DY) – Equities researchers at DA Davidson lifted their Q2 2020 EPS estimates for Dycom Industries in a report released on Tuesday, May 21st. DA Davidson analyst B. Thielman now anticipates that the construction company will post earnings of $0.81 per share for the quarter, up from their prior estimate of $0.80. DA Davidson currently has a “Neutral” rating and a $50.00 target price on the stock. DA Davidson also issued estimates for Dycom Industries’ FY2020 earnings at $2.64 EPS.

A number of other analysts have also weighed in on DY. ValuEngine lowered shares of Dycom Industries from a “hold” rating to a “sell” rating in a research note on Monday, May 20th. Zacks Investment Research upgraded shares of Dycom Industries from a “sell” rating to a “hold” rating in a research note on Friday. Craig Hallum restated an “in-line” rating and set a $65.00 price objective (up from $51.00) on shares of Dycom Industries in a research note on Wednesday. Wells Fargo & Co raised their price objective on shares of Dycom Industries from $50.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday. They noted that the move was a valuation call. Finally, Deutsche Bank lifted their price target on shares of Dycom Industries from $54.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $62.00.

NYSE:DY opened at $51.10 on Friday. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 3.44 and a beta of 1.45. The company has a debt-to-equity ratio of 1.11, a current ratio of 3.45 and a quick ratio of 3.52. Dycom Industries has a fifty-two week low of $41.78 and a fifty-two week high of $100.76.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Tuesday, May 21st. The construction company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. The business had revenue of $883.70 million during the quarter, compared to analyst estimates of $771.90 million. Dycom Industries had a net margin of 1.86% and a return on equity of 10.52%. Dycom Industries’s revenue was up 20.8% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS.

Several hedge funds have recently made changes to their positions in DY. Millennium Management LLC boosted its holdings in shares of Dycom Industries by 3,550.6% in the fourth quarter. Millennium Management LLC now owns 193,301 shares of the construction company’s stock worth $10,446,000 after buying an additional 188,006 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its position in Dycom Industries by 39.4% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 303,292 shares of the construction company’s stock worth $16,390,000 after purchasing an additional 85,687 shares during the last quarter. Hsbc Holdings PLC increased its position in Dycom Industries by 72.9% in the fourth quarter. Hsbc Holdings PLC now owns 6,762 shares of the construction company’s stock worth $366,000 after purchasing an additional 2,850 shares during the last quarter. First Bank & Trust increased its position in Dycom Industries by 54.7% in the first quarter. First Bank & Trust now owns 12,185 shares of the construction company’s stock worth $560,000 after purchasing an additional 4,311 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Dycom Industries by 18.2% during the fourth quarter. First Trust Advisors LP now owns 84,322 shares of the construction company’s stock valued at $4,557,000 after acquiring an additional 13,002 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

About Dycom Industries

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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