Equities research analysts predict that Dycom Industries, Inc. (NYSE:DY) will announce earnings of $0.90 per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Dycom Industries’ earnings, with the highest EPS estimate coming in at $0.95 and the lowest estimate coming in at $0.80. Dycom Industries posted earnings per share of $0.99 during the same quarter last year, which would indicate a negative year over year growth rate of 9.1%. The business is expected to report its next quarterly earnings report before the market opens on Tuesday, November 20th.

According to Zacks, analysts expect that Dycom Industries will report full year earnings of $2.82 per share for the current fiscal year, with EPS estimates ranging from $2.65 to $2.90. For the next financial year, analysts expect that the company will report earnings of $4.66 per share, with EPS estimates ranging from $3.70 to $5.50. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Dycom Industries.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, August 29th. The construction company reported $1.05 EPS for the quarter, meeting analysts’ consensus estimates of $1.05. The company had revenue of $799.50 million during the quarter, compared to analysts’ expectations of $799.51 million. Dycom Industries had a return on equity of 12.07% and a net margin of 3.94%. Dycom Industries’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.47 earnings per share.

A number of research firms recently commented on DY. Canaccord Genuity reiterated a “buy” rating and set a $90.00 price objective (down previously from $120.00) on shares of Dycom Industries in a research report on Tuesday, August 14th. Zacks Investment Research raised Dycom Industries from a “sell” rating to a “hold” rating in a report on Monday, August 6th. DA Davidson cut their price target on Dycom Industries to $77.00 and set a “neutral” rating for the company in a report on Tuesday, August 14th. Deutsche Bank set a $93.00 price target on Dycom Industries and gave the company a “buy” rating in a report on Thursday, August 30th. Finally, TheStreet lowered Dycom Industries from a “b-” rating to a “c+” rating in a report on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Dycom Industries has an average rating of “Buy” and a consensus price target of $97.30.

Dycom Industries stock opened at $73.26 on Tuesday. The firm has a market cap of $2.18 billion, a P/E ratio of 24.88, a PEG ratio of 2.91 and a beta of 1.41. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.24 and a quick ratio of 2.96. Dycom Industries has a one year low of $65.82 and a one year high of $123.99.

Dycom Industries announced that its board has initiated a stock buyback plan on Wednesday, August 29th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the construction company to buy up to 6.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DY. Legal & General Group Plc boosted its stake in shares of Dycom Industries by 11.6% in the first quarter. Legal & General Group Plc now owns 30,767 shares of the construction company’s stock worth $3,312,000 after acquiring an additional 3,209 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Dycom Industries by 3.2% in the first quarter. Principal Financial Group Inc. now owns 135,182 shares of the construction company’s stock worth $14,550,000 after acquiring an additional 4,205 shares during the period. Atria Investments LLC boosted its stake in shares of Dycom Industries by 16.7% in the second quarter. Atria Investments LLC now owns 6,858 shares of the construction company’s stock worth $648,000 after acquiring an additional 982 shares during the period. Amalgamated Bank boosted its stake in shares of Dycom Industries by 13.3% in the second quarter. Amalgamated Bank now owns 4,931 shares of the construction company’s stock worth $466,000 after acquiring an additional 578 shares during the period. Finally, Alps Advisors Inc. bought a new position in shares of Dycom Industries in the second quarter worth about $661,000.

Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services in the United States and Canada. 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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