Brokerages forecast that Dycom Industries, Inc. (NYSE:DY) will report earnings per share of $0.11 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Dycom Industries’ earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.12. Dycom Industries reported earnings of $0.82 per share during the same quarter last year, which would suggest a negative year over year growth rate of 86.6%. The business is scheduled to report its next earnings results before the market opens on Wednesday, February 28th.
According to Zacks, analysts expect that Dycom Industries will report full year earnings of $3.87 per share for the current year, with EPS estimates ranging from $3.87 to $3.88. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.76 per share, with EPS estimates ranging from $5.66 to $5.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Dycom Industries.
A number of brokerages recently weighed in on DY. KeyCorp reissued a “buy” rating and issued a $118.00 price target on shares of Dycom Industries in a report on Thursday, December 21st. Wells Fargo & Co upped their price objective on shares of Dycom Industries from $108.50 to $125.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. ValuEngine raised shares of Dycom Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Stifel Nicolaus reaffirmed a “buy” rating and set a $126.00 price objective (up from $120.00) on shares of Dycom Industries in a report on Monday, December 11th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $125.00 price objective (up from $110.00) on shares of Dycom Industries in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $121.50.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Alliancebernstein L.P. increased its position in shares of Dycom Industries by 15.1% during the fourth quarter. Alliancebernstein L.P. now owns 1,025,193 shares of the construction company’s stock valued at $114,237,000 after buying an additional 134,410 shares during the period. State Street Corp increased its position in shares of Dycom Industries by 3.3% during the second quarter. State Street Corp now owns 1,023,232 shares of the construction company’s stock valued at $91,602,000 after buying an additional 32,975 shares during the period. Wells Fargo & Company MN increased its position in shares of Dycom Industries by 12.2% during the third quarter. Wells Fargo & Company MN now owns 783,436 shares of the construction company’s stock valued at $67,282,000 after buying an additional 85,079 shares during the period. 12th Street Asset Management Company LLC increased its position in shares of Dycom Industries by 3.6% during the fourth quarter. 12th Street Asset Management Company LLC now owns 365,287 shares of the construction company’s stock valued at $40,704,000 after buying an additional 12,711 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of Dycom Industries by 12.2% during the third quarter. Thompson Siegel & Walmsley LLC now owns 330,772 shares of the construction company’s stock valued at $28,406,000 after buying an additional 36,034 shares during the period.
Shares of Dycom Industries (DY) traded up $0.66 during trading hours on Wednesday, hitting $116.06. 286,742 shares of the company were exchanged, compared to its average volume of 560,828. The company has a quick ratio of 2.86, a current ratio of 3.16 and a debt-to-equity ratio of 1.07. The stock has a market cap of $3,570.34, a P/E ratio of 27.37, a P/E/G ratio of 1.62 and a beta of 1.36. Dycom Industries has a 52 week low of $73.95 and a 52 week high of $123.99.
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Dycom Industries Company Profile
Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.
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