Wall Street analysts expect Dycom Industries, Inc. (NYSE:DY) to post $0.33 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Dycom Industries’ earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.35. Dycom Industries reported earnings per share of $0.82 during the same quarter last year, which suggests a negative year over year growth rate of 59.8%. The firm is scheduled to report its next earnings report before the market opens on Wednesday, February 28th.

According to Zacks, analysts expect that Dycom Industries will report full-year earnings of $4.09 per share for the current fiscal year, with EPS estimates ranging from $4.06 to $4.11. For the next financial year, analysts anticipate that the business will post earnings of $5.22 per share, with EPS estimates ranging from $4.42 to $5.84. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Dycom Industries.

Dycom Industries (NYSE:DY) last announced its earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.09. The business had revenue of $756.20 million during the quarter, compared to analyst estimates of $729.35 million. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 EPS.

A number of brokerages have weighed in on DY. B. Riley reiterated a “buy” rating on shares of Dycom Industries in a research note on Wednesday, November 1st. DA Davidson boosted their price objective on shares of Dycom Industries to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, November 21st. Zacks Investment Research raised shares of Dycom Industries from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. KeyCorp boosted their price objective on shares of Dycom Industries from $118.00 to $123.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Stifel Nicolaus reissued a “buy” rating and set a $126.00 price objective (up previously from $120.00) on shares of Dycom Industries in a research report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $115.60.

Shares of Dycom Industries (DY) traded down $0.36 on Friday, reaching $111.14. 596,081 shares of the company’s stock were exchanged, compared to its average volume of 492,561. The stock has a market cap of $3,438.56, a price-to-earnings ratio of 26.21, a PEG ratio of 1.73 and a beta of 1.36. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.86 and a current ratio of 3.16. Dycom Industries has a 1-year low of $73.95 and a 1-year high of $123.99.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Dycom Industries by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,454,547 shares of the construction company’s stock valued at $219,732,000 after acquiring an additional 17,420 shares during the period. State Street Corp boosted its holdings in Dycom Industries by 3.3% in the 2nd quarter. State Street Corp now owns 1,023,232 shares of the construction company’s stock worth $91,602,000 after buying an additional 32,975 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Dycom Industries by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 929,812 shares of the construction company’s stock worth $83,236,000 after buying an additional 5,163 shares during the period. Wells Fargo & Company MN boosted its holdings in Dycom Industries by 12.2% in the 3rd quarter. Wells Fargo & Company MN now owns 783,436 shares of the construction company’s stock worth $67,282,000 after buying an additional 85,079 shares during the period. Finally, Northern Trust Corp boosted its holdings in Dycom Industries by 1.9% in the 2nd quarter. Northern Trust Corp now owns 549,839 shares of the construction company’s stock worth $49,222,000 after buying an additional 10,158 shares during the period.

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

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