Brokerages Anticipate Dycom Industries, Inc. (NYSE:DY) to Announce -$0.02 EPS

Brokerages predict that Dycom Industries, Inc. (NYSE:DY) will post earnings of ($0.02) per share for the current quarter, according to Zacks. Four analysts have made estimates for Dycom Industries’ earnings, with estimates ranging from ($0.06) to $0.00. Dycom Industries reported earnings of $0.10 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 120%. The firm is expected to report its next quarterly earnings report on Wednesday, February 26th.

On average, analysts expect that Dycom Industries will report full-year earnings of $2.48 per share for the current year, with EPS estimates ranging from $2.45 to $2.51. For the next fiscal year, analysts expect that the firm will report earnings of $2.81 per share, with EPS estimates ranging from $2.43 to $3.07. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Dycom Industries.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Tuesday, November 26th. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.16. Dycom Industries had a net margin of 1.68% and a return on equity of 9.87%. The business had revenue of $884.10 million during the quarter, compared to the consensus estimate of $848.19 million. During the same quarter last year, the firm posted $0.98 EPS. Dycom Industries’s revenue was up 4.2% compared to the same quarter last year.

DY has been the topic of a number of analyst reports. B. Riley reaffirmed a “buy” rating and set a $60.00 price objective on shares of Dycom Industries in a report on Tuesday. Wells Fargo & Co lifted their price objective on shares of Dycom Industries from $52.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, September 17th. One investment 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. Dycom Industries has an average rating of “Hold” and an average target price of $59.86.

NYSE DY traded down $1.36 during mid-day trading on Friday, hitting $47.38. The company’s stock had a trading volume of 405,367 shares, compared to its average volume of 447,492. The company has a current ratio of 3.87, a quick ratio of 3.58 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.39 and a beta of 1.39. The company’s 50 day simple moving average is $49.67 and its 200 day simple moving average is $50.68. Dycom Industries has a twelve month low of $40.06 and a twelve month high of $64.49.

A number of institutional investors and hedge funds have recently bought and sold shares of DY. Arizona State Retirement System boosted its holdings in Dycom Industries by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 22,850 shares of the construction company’s stock worth $1,345,000 after acquiring an additional 274 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Dycom Industries during the 2nd quarter worth $58,000. SG Americas Securities LLC raised its stake in shares of Dycom Industries by 150.9% during the 2nd quarter. SG Americas Securities LLC now owns 9,002 shares of the construction company’s stock worth $530,000 after purchasing an additional 5,414 shares during the period. MBM Wealth Consultants LLC raised its stake in shares of Dycom Industries by 23.3% during the 2nd quarter. MBM Wealth Consultants LLC now owns 4,678 shares of the construction company’s stock worth $275,000 after purchasing an additional 884 shares during the period. Finally, Aperio Group LLC raised its stake in shares of Dycom Industries by 101.9% during the 2nd quarter. Aperio Group LLC now owns 40,962 shares of the construction company’s stock worth $2,411,000 after purchasing an additional 20,674 shares during the period. 95.89% of the stock is currently owned by hedge funds and other institutional investors.

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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