Wall Street brokerages forecast that Dycom Industries, Inc. (NYSE:DY) will post $860.49 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Dycom Industries’ earnings. The lowest sales estimate is $853.70 million and the highest is $874.30 million. Dycom Industries posted sales of $799.47 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.6%. The firm is scheduled to report its next quarterly earnings results on Wednesday, September 4th.

According to Zacks, analysts expect that Dycom Industries will report full-year sales of $3.38 billion for the current year, with estimates ranging from $3.35 billion to $3.42 billion. For the next financial year, analysts forecast that the firm will post sales of $3.57 billion, with estimates ranging from $3.48 billion to $3.69 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 earnings results on Tuesday, May 21st. The construction company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.10. The business had revenue of $883.70 million during the quarter, compared to analyst estimates of $771.90 million. Dycom Industries had a return on equity of 10.52% and a net margin of 1.86%. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 EPS.

A number of research analysts have weighed in on DY shares. ValuEngine lowered Wolverine World Wide from a “hold” rating to a “sell” rating in a report on Monday, May 20th. Canaccord Genuity reaffirmed an “average” rating and set a $18.00 target price on shares of in a report on Wednesday, May 22nd. Wells Fargo & Co reaffirmed a “hold” rating and set a $175.00 target price on shares of Advance Auto Parts in a report on Wednesday, May 22nd. B. Riley lifted their target price on Dycom Industries from $60.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Finally, Craig Hallum reaffirmed an “in-line” rating and set a $65.00 target price (up previously from $51.00) on shares of Dycom Industries in a report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $62.13.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Campbell Newman Asset Management Inc. grew its holdings in shares of Dycom Industries by 2.4% during the first quarter. Campbell Newman Asset Management Inc. now owns 8,994 shares of the construction company’s stock worth $413,000 after purchasing an additional 214 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Dycom Industries by 1.2% during the second quarter. Arizona State Retirement System now owns 22,850 shares of the construction company’s stock worth $1,345,000 after purchasing an additional 274 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Dycom Industries by 24.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,476 shares of the construction company’s stock worth $80,000 after purchasing an additional 288 shares in the last quarter. Mason Street Advisors LLC grew its holdings in shares of Dycom Industries by 2.0% during the first quarter. Mason Street Advisors LLC now owns 16,719 shares of the construction company’s stock worth $768,000 after purchasing an additional 326 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Dycom Industries by 0.4% during the first quarter. Rhumbline Advisers now owns 92,933 shares of the construction company’s stock worth $4,269,000 after purchasing an additional 329 shares in the last quarter. 92.49% of the stock is owned by institutional investors.

DY stock traded up $1.44 during mid-day trading on Thursday, reaching $58.66. 255,385 shares of the company traded hands, compared to its average volume of 487,780. The company has a quick ratio of 3.14, a current ratio of 3.45 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.76 billion, a P/E ratio of 21.10, a P/E/G ratio of 2.96 and a beta of 1.34. Dycom Industries has a 52-week low of $41.78 and a 52-week high of $90.32. The company has a fifty day moving average price of $56.05.

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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