Dycom Industries, Inc. (NYSE:DY – Get Rating) – KeyCorp decreased their Q2 2023 earnings per share estimates for Dycom Industries in a report released on Wednesday, May 25th. KeyCorp analyst S. Eastman now forecasts that the construction company will post earnings per share of $1.00 for the quarter, down from their previous estimate of $1.23. KeyCorp also issued estimates for Dycom Industries’ Q3 2023 earnings at $1.30 EPS.
Dycom Industries (NYSE:DY – Get Rating) last announced its quarterly earnings data on Wednesday, March 2nd. The construction company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.09. The firm had revenue of $761.40 million for the quarter, compared to analyst estimates of $723.83 million. Dycom Industries had a net margin of 2.05% and a return on equity of 8.17%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) earnings per share.
NYSE:DY opened at $94.15 on Monday. Dycom Industries has a one year low of $62.88 and a one year high of $105.28. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.34 and a current ratio of 3.46. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 42.60 and a beta of 1.53. The firm’s fifty day moving average is $89.03 and its two-hundred day moving average is $90.42.
Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Dycom Industries by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 505,653 shares of the construction company’s stock worth $36,022,000 after purchasing an additional 1,512 shares during the last quarter. OLD Mission Capital LLC acquired a new position in shares of Dycom Industries during the 3rd quarter worth about $2,320,000. Princeton Capital Management LLC acquired a new stake in Dycom Industries in the 4th quarter valued at about $224,000. Peconic Partners LLC raised its holdings in Dycom Industries by 12.9% in the 3rd quarter. Peconic Partners LLC now owns 1,099,227 shares of the construction company’s stock valued at $78,309,000 after acquiring an additional 125,843 shares during the last quarter. Finally, Blueshift Asset Management LLC raised its holdings in Dycom Industries by 23.7% in the 3rd quarter. Blueshift Asset Management LLC now owns 6,515 shares of the construction company’s stock valued at $464,000 after acquiring an additional 1,249 shares during the last quarter. 92.89% of the stock is currently owned by institutional investors and hedge funds.
About Dycom Industries (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.
- Get a free copy of the StockNews.com research report on Dycom Industries (DY)
- These Are the Three (3) Most Upgraded Stocks For Q2
- MarketBeat: Week in Review 5/23 – 5/27
- Short Sellers Provide Entry Into Hibbet, Inc At Rock Bottom Prices
- Affirm Stock Has Affirmed a Bottom
- Airbnb: Bold Competitive Threats & A New World of Travel
Receive News & Ratings for Dycom Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries and related companies with MarketBeat.com's FREE daily email newsletter.