Equities analysts predict that Dycom Industries, Inc. (NYSE:DY) will report earnings of $0.72 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Dycom Industries’ earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.79. Dycom Industries reported earnings per share of $0.98 during the same quarter last year, which suggests a negative year over year growth rate of 26.5%. The firm is expected to announce its next earnings results on Tuesday, November 19th.
On average, analysts expect that Dycom Industries will report full-year earnings of $2.46 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $2.54. For the next year, analysts anticipate that the firm will report earnings of $3.15 per share, with EPS estimates ranging from $3.02 to $3.26. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Dycom Industries.
Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, August 28th. The construction company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.25. Dycom Industries had a return on equity of 10.45% and a net margin of 1.81%. The business had revenue of $884.20 million during the quarter, compared to analyst estimates of $857.82 million. During the same quarter in the previous year, the firm posted $1.05 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year.
A number of research analysts recently issued reports on DY shares. Wells Fargo & Co boosted their price objective on Dycom Industries from $52.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, September 17th. B. Riley reduced their price objective on Dycom Industries from $61.00 to $57.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Dycom Industries presently has a consensus rating of “Hold” and an average target price of $61.38.
Hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC acquired a new position in Dycom Industries during the 2nd quarter worth $58,000. Public Employees Retirement System of Ohio boosted its position in Dycom Industries by 20.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,291 shares of the construction company’s stock worth $135,000 after acquiring an additional 384 shares during the period. Point72 Hong Kong Ltd acquired a new position in Dycom Industries during the 2nd quarter worth $145,000. Sheets Smith Wealth Management acquired a new position in Dycom Industries during the 2nd quarter worth $207,000. Finally, Glen Harbor Capital Management LLC boosted its position in Dycom Industries by 18.8% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 3,936 shares of the construction company’s stock worth $232,000 after acquiring an additional 624 shares during the period. Institutional investors own 95.10% of the company’s stock.
NYSE:DY opened at $50.01 on Wednesday. Dycom Industries has a 12-month low of $40.06 and a 12-month high of $76.35. The firm has a market capitalization of $1.61 billion, a P/E ratio of 17.99, a P/E/G ratio of 2.75 and a beta of 1.36. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.66 and a quick ratio of 3.36. The business has a 50 day simple moving average of $48.73 and a 200 day simple moving average of $50.56.
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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