Dycom Industries, Inc. (NYSE:DY) Expected to Post Earnings of $0.11 Per Share

Wall Street brokerages expect Dycom Industries, Inc. (NYSE:DY – Get Rating) to post earnings per share (EPS) of $0.11 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Dycom Industries’ earnings. The lowest EPS estimate is $0.01 and the highest is $0.29. Dycom Industries posted earnings of ($0.04) per share in the same quarter last year, which would suggest a positive year over year growth rate of 375%. The company is expected to report its next earnings report on Monday, January 1st.

On average, analysts expect that Dycom Industries will report full-year earnings of $2.99 per share for the current year, with EPS estimates ranging from $2.59 to $3.46. For the next financial year, analysts forecast that the business will report earnings of $4.71 per share, with EPS estimates ranging from $3.67 to $5.83. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Dycom Industries.

Dycom Industries (NYSE:DY – Get Rating) last issued its earnings results on Wednesday, March 2nd. The construction company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.09. Dycom Industries had a return on equity of 5.94% and a net margin of 1.55%. The business had revenue of $761.40 million during the quarter, compared to analyst estimates of $723.83 million. During the same quarter in the previous year, the firm earned ($0.07) EPS. Dycom Industries’s revenue was up 1.4% on a year-over-year basis.

DY has been the subject of several research reports. StockNews.com initiated coverage on shares of Dycom Industries in a research report on Thursday, March 31st. They set a “buy” rating for the company. Wells Fargo & Company upped their price target on shares of Dycom Industries from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, March 3rd. UBS Group initiated coverage on shares of Dycom Industries in a research report on Thursday, January 27th. They set a “buy” rating and a $125.00 price target for the company. TheStreet lowered shares of Dycom Industries from a “b-” rating to a “c+” rating in a research report on Wednesday, March 2nd. Finally, B. Riley cut their price objective on Dycom Industries from $120.00 to $115.00 in a research note on Thursday, March 3rd. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $112.14.

NYSE DY opened at $94.70 on Thursday. Dycom Industries has a 52 week low of $62.88 and a 52 week high of $105.28. The firm has a market capitalization of $2.80 billion, a P/E ratio of 59.56 and a beta of 1.55. The company has a quick ratio of 3.34, a current ratio of 3.55 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average price of $93.58 and a 200-day moving average price of $88.55.

Hedge funds have recently bought and sold shares of the business. Counterpoint Mutual Funds LLC bought a new position in Dycom Industries in the 4th quarter worth approximately $26,000. UMB Bank N A MO bought a new position in Dycom Industries in the 4th quarter worth approximately $39,000. American Trust bought a new position in Dycom Industries in the 4th quarter worth approximately $208,000. Versor Investments LP bought a new position in Dycom Industries in the 4th quarter worth approximately $214,000. Finally, Profund Advisors LLC bought a new position in Dycom Industries in the 4th quarter worth approximately $218,000. Institutional investors and hedge funds own 91.06% of the company’s stock.

Dycom Industries Company Profile (Get Rating)

Dycom Industries, Inc provides specialty contracting services in the United States. The company offers program management and engineering services; plans and designs aerial, underground, and buried fiber optic, copper, and coaxial cable systems; and construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.

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