Dycom Industries, Inc. (NYSE:DY) Expected to Post Quarterly Sales of $846.39 Million

Wall Street brokerages forecast that Dycom Industries, Inc. (NYSE:DY) will report $846.39 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Dycom Industries’ earnings. The highest sales estimate is $853.80 million and the lowest is $840.00 million. Dycom Industries reported sales of $848.24 million in the same quarter last year, which indicates a negative year over year growth rate of 0.2%. The business is scheduled to report its next quarterly earnings report on Tuesday, November 19th.

On average, analysts expect that Dycom Industries will report full-year sales of $3.32 billion for the current year, with estimates ranging from $3.30 billion to $3.33 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.44 billion, with estimates ranging from $3.37 billion to $3.53 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Dycom Industries.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, August 28th. The construction company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.25. The firm had revenue of $884.20 million during the quarter, compared to the consensus estimate of $857.82 million. Dycom Industries had a net margin of 1.81% and a return on equity of 10.45%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.05 EPS.

DY has been the subject of a number of recent research reports. Wells Fargo & Co boosted their price objective on shares of Dycom Industries from $52.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, September 17th. B. Riley cut their price objective on shares of Dycom Industries from $61.00 to $57.00 and set a “buy” rating for the company in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $59.43.

Institutional investors have recently modified their holdings of the company. EULAV Asset Management bought a new stake in shares of Dycom Industries during the 2nd quarter worth approximately $1,613,000. Renaissance Technologies LLC lifted its holdings in shares of Dycom Industries by 132.7% during the 2nd quarter. Renaissance Technologies LLC now owns 352,700 shares of the construction company’s stock worth $20,763,000 after acquiring an additional 201,100 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Dycom Industries by 75.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 108,200 shares of the construction company’s stock worth $6,370,000 after acquiring an additional 46,470 shares during the period. Flinton Capital Management LLC lifted its holdings in shares of Dycom Industries by 18.8% during the 2nd quarter. Flinton Capital Management LLC now owns 6,888 shares of the construction company’s stock worth $405,000 after acquiring an additional 1,092 shares during the period. Finally, WCM Investment Management LLC lifted its holdings in shares of Dycom Industries by 10.0% during the 2nd quarter. WCM Investment Management LLC now owns 248,477 shares of the construction company’s stock worth $14,628,000 after acquiring an additional 22,667 shares during the period. 95.90% of the stock is owned by institutional investors.

NYSE DY traded down $1.26 during trading on Friday, reaching $49.08. The company’s stock had a trading volume of 393,128 shares, compared to its average volume of 443,479. The company has a current ratio of 3.66, a quick ratio of 3.36 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 2.75 and a beta of 1.34. Dycom Industries has a 12 month low of $40.06 and a 12 month high of $73.33. The firm has a 50 day moving average price of $48.91 and a 200 day moving average price of $50.65.

Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services in the United States. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.

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

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