Dycom Industries Inc. (NYSE:DY) – DA Davidson cut their Q3 2017 earnings per share (EPS) estimates for shares of Dycom Industries in a report issued on Wednesday. DA Davidson analyst J. Rogers now expects that the brokerage will post earnings of $1.18 per share for the quarter, down from their previous estimate of $1.34. DA Davidson has a “Buy” rating and a $105.00 price target on the stock.

Several other brokerages also recently commented on DY. Vetr downgraded shares of Dycom Industries from a “hold” rating to a “sell” rating and set a $90.92 target price on the stock. in a report on Monday, August 8th. FBR & Co lowered their price objective on shares of Dycom Industries from $121.00 to $115.00 and set an “outperform” rating on the stock in a report on Tuesday, November 22nd. Finally, Zacks Investment Research upgraded shares of Dycom Industries from a “sell” rating to a “hold” rating in a report on Friday, November 18th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $97.19.

Earnings History and Estimates for Dycom Industries (NYSE:DY)

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Shares of Dycom Industries (NYSE:DY) opened at 72.27 on Monday. The company has a market capitalization of $2.27 billion, a P/E ratio of 15.84 and a beta of 1.32. The company’s 50 day moving average is $82.31 and its 200 day moving average is $85.15. Dycom Industries has a 12-month low of $47.10 and a 12-month high of $98.45.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Monday, November 21st. The company reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.02. The business earned $799.20 million during the quarter, compared to the consensus estimate of $801.34 million. Dycom Industries had a net margin of 5.30% and a return on equity of 28.63%. Dycom Industries’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 EPS.

Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in Dycom Industries by 4.4% in the first quarter. Geode Capital Management LLC now owns 210,347 shares of the company’s stock valued at $13,602,000 after buying an additional 8,953 shares in the last quarter. Boothbay Fund Management LLC boosted its position in Dycom Industries by 57.6% in the first quarter. Boothbay Fund Management LLC now owns 7,588 shares of the company’s stock valued at $491,000 after buying an additional 2,772 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Dycom Industries by 98.8% in the second quarter. BNP Paribas Arbitrage SA now owns 10,372 shares of the company’s stock valued at $931,000 after buying an additional 5,155 shares in the last quarter. Beacon Financial Group boosted its position in Dycom Industries by 35.0% in the second quarter. Beacon Financial Group now owns 6,895 shares of the company’s stock valued at $615,000 after buying an additional 1,788 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its position in Dycom Industries by 6.9% in the second quarter. Capstone Asset Management Co. now owns 12,070 shares of the company’s stock valued at $1,083,000 after buying an additional 780 shares in the last quarter.

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About Dycom Industries

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.

5 Day Chart for NYSE:DY

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