$860.49 Million in Sales Expected for Dycom Industries, Inc. (NYSE:DY) This Quarter

Equities analysts predict that Dycom Industries, Inc. (NYSE:DY) will report sales of $860.49 million for the current quarter, according to Zacks. Six analysts have provided estimates for Dycom Industries’ earnings. The highest sales estimate is $874.30 million and the lowest is $853.70 million. Dycom Industries reported sales of $799.47 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.6%. The firm is scheduled to issue its next earnings results on Wednesday, September 4th.

According to Zacks, analysts expect that Dycom Industries will report full year sales of $3.38 billion for the current year, with estimates ranging from $3.35 billion to $3.42 billion. For the next financial year, analysts expect that the business will report sales of $3.57 billion, with estimates ranging from $3.48 billion to $3.69 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Dycom Industries.

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

DY has been the topic of several analyst reports. ValuEngine lowered Dycom Industries from a “hold” rating to a “sell” rating in a research note on Monday, May 20th. Craig Hallum reiterated an “in-line” rating and issued a $65.00 price objective (up from $51.00) on shares of Dycom Industries in a research note on Wednesday, May 22nd. B. Riley upped their price objective on Dycom Industries from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Zacks Investment Research upgraded Dycom Industries from a “sell” rating to a “hold” rating in a research note on Friday, May 24th. Finally, Canaccord Genuity reduced their target price on Dycom Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. They noted that the move was a valuation call. One research 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. Dycom Industries presently has a consensus rating of “Hold” and a consensus price target of $62.13.

Dycom Industries stock traded down $2.62 during mid-day trading on Thursday, hitting $52.54. 716,912 shares of the company’s stock traded hands, compared to its average volume of 488,501. The company has a 50 day moving average price of $56.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 3.14 and a current ratio of 3.45. The firm has a market cap of $1.74 billion, a P/E ratio of 18.90, a PEG ratio of 2.97 and a beta of 1.34. Dycom Industries has a one year low of $41.78 and a one year high of $90.32.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in shares of Dycom Industries by 262.2% during the first quarter. Parallel Advisors LLC now owns 815 shares of the construction company’s stock worth $37,000 after purchasing an additional 590 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of Dycom Industries during the 2nd quarter valued at approximately $58,000. Public Employees Retirement System of Ohio lifted its position in shares of Dycom Industries by 24.2% during 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 buying an additional 288 shares in the last quarter. Pearl River Capital LLC purchased a new position in shares of Dycom Industries during the 1st quarter valued at approximately $138,000. Finally, SG Americas Securities LLC purchased a new position in Dycom Industries in the 1st quarter valued at $165,000. 92.49% of the stock is currently owned by institutional investors and hedge funds.

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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