Zacks: Analysts Expect Dycom Industries, Inc. (DY) Will Announce Quarterly Sales of $662.88 Million
Analysts expect Dycom Industries, Inc. (NYSE:DY) to post $662.88 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Dycom Industries’ earnings, with estimates ranging from $660.08 million to $667.90 million. Dycom Industries reported sales of $701.13 million during the same quarter last year, which would suggest a negative year over year growth rate of 5.5%. The firm is expected to issue its next quarterly earnings report on Wednesday, March 7th.
On average, analysts expect that Dycom Industries will report full year sales of $662.88 million for the current financial year. For the next year, analysts forecast that the business will post sales of $0.00 per share. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Dycom Industries.
Dycom Industries (NYSE:DY) last released its earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.09. The firm had revenue of $756.20 million for the quarter, compared to the consensus estimate of $729.35 million. Dycom Industries had a return on equity of 22.49% and a net margin of 4.46%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS.
A number of equities analysts recently issued reports on the company. B. Riley restated a “buy” rating on shares of Dycom Industries in a report on Wednesday, November 1st. ValuEngine upgraded Dycom Industries from a “hold” rating to a “buy” rating in a report on Sunday. KeyCorp reiterated a “buy” rating and issued a $118.00 target price on shares of Dycom Industries in a report on Thursday, December 21st. Stephens upped their target price on Dycom Industries from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, December 20th. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $109.00 target price (up from $88.00) on shares of Dycom Industries in a report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $115.10.
Dycom Industries (NYSE:DY) opened at $111.59 on Wednesday. The firm has a market capitalization of $3,447.51, a P/E ratio of 26.32, a PEG ratio of 2.20 and a beta of 1.38. The company has a current ratio of 3.16, a quick ratio of 2.86 and a debt-to-equity ratio of 1.07. Dycom Industries has a 12-month low of $73.95 and a 12-month high of $115.38.
A number of large investors have recently made changes to their positions in DY. Pacad Investment Ltd. increased its holdings in shares of Dycom Industries by 71.4% in the second quarter. Pacad Investment Ltd. now owns 1,200 shares of the construction company’s stock valued at $107,000 after purchasing an additional 500 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Dycom Industries by 6.6% in 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 purchasing an additional 80 shares during the period. Riverhead Capital Management LLC increased its holdings in shares of Dycom Industries by 96.0% in the second quarter. Riverhead Capital Management LLC now owns 1,764 shares of the construction company’s stock valued at $158,000 after purchasing an additional 864 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Dycom Industries by 257.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,146 shares of the construction company’s stock valued at $192,000 after purchasing an additional 1,546 shares during the period. Finally, Cedar Capital LLC acquired a new position in shares of Dycom Industries in the third quarter valued at about $213,000.
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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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