Analysts Offer Predictions for Dycom Industries, Inc.’s Q1 2018 Earnings (DY)
Dycom Industries, Inc. (NYSE:DY) – DA Davidson issued their Q1 2018 earnings per share (EPS) estimates for Dycom Industries in a research report issued on Thursday. DA Davidson analyst B. Thielman anticipates that the construction company will post earnings of $1.01 per share for the quarter. DA Davidson has a “Neutral” rating and a $97.00 price objective on the stock. DA Davidson also issued estimates for Dycom Industries’ Q2 2018 earnings at $0.59 EPS, Q3 2018 earnings at $1.31 EPS and Q4 2018 earnings at $1.65 EPS.
A number of other research firms have also issued reports on DY. BidaskClub lowered shares of Dycom Industries from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Zacks Investment Research lowered shares of Dycom Industries from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Craig Hallum reissued a “buy” rating and issued a $90.00 price target (down from $115.00) on shares of Dycom Industries in a research report on Thursday, August 31st. They noted that the move was a valuation call. Canaccord Genuity reduced their price target on shares of Dycom Industries from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, August 31st. Finally, FBR & Co reissued an “outperform” rating on shares of Dycom Industries in a research report on Monday, June 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $105.94.
Shares of Dycom Industries (DY) opened at 80.96 on Monday. The stock has a market capitalization of $2.52 billion, a P/E ratio of 15.92 and a beta of 1.26. Dycom Industries has a 12-month low of $70.33 and a 12-month high of $110.64. The company has a 50-day moving average of $84.17 and a 200-day moving average of $91.98.
Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, August 30th. The construction company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.03. Dycom Industries had a net margin of 5.13% and a return on equity of 26.68%. The firm had revenue of $780.20 million during the quarter, compared to the consensus estimate of $798.62 million. During the same period in the previous year, the firm earned $1.64 earnings per share. Dycom Industries’s revenue was down 1.1% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently modified their holdings of DY. Pacad Investment Ltd. raised its position in Dycom Industries by 71.4% during the second quarter. Pacad Investment Ltd. now owns 1,200 shares of the construction company’s stock valued at $107,000 after acquiring an additional 500 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Dycom Industries by 6.6% during the second quarter. Public Employees Retirement System of Ohio now owns 1,298 shares of the construction company’s stock valued at $116,000 after acquiring an additional 80 shares in the last quarter. Acrospire Investment Management LLC bought a new position in Dycom Industries during the first quarter valued at approximately $121,000. Riverhead Capital Management LLC raised its position in Dycom Industries by 96.0% during the second quarter. Riverhead Capital Management LLC now owns 1,764 shares of the construction company’s stock valued at $158,000 after acquiring an additional 864 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Dycom Industries by 257.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,146 shares of the construction company’s stock valued at $192,000 after acquiring an additional 1,546 shares in the last quarter.
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.
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