Analysts expect Dycom Industries, Inc. (NYSE:DY) to report sales of $663.77 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Dycom Industries’ earnings. The lowest sales estimate is $660.14 million and the highest is $667.90 million. Dycom Industries reported sales of $701.13 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.3%. The company is scheduled to issue its next quarterly earnings results on Wednesday, March 7th.

On average, analysts expect that Dycom Industries will report full-year sales of $663.77 million for the current year. For the next year, analysts forecast that the business will post sales of $3.37 billion per share, with estimates ranging from $3.30 billion to $3.44 billion. Zacks’ 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 quarterly earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.09. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. The company had revenue of $756.20 million during the quarter, compared to the consensus estimate of $729.35 million. During the same period in the prior year, the firm earned $1.67 earnings per share. Dycom Industries’s revenue was down 5.4% on a year-over-year basis.

Several equities research analysts recently issued reports on DY shares. Stephens raised their target price on shares of Dycom Industries from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, December 20th. Zacks Investment Research upgraded shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. KeyCorp restated a “buy” rating and set a $118.00 price objective on shares of Dycom Industries in a research report on Thursday, December 21st. Deutsche Bank assumed coverage on shares of Dycom Industries in a research report on Tuesday, September 26th. They set a “buy” rating and a $103.00 price objective on the stock. Finally, B. Riley reiterated a “buy” rating and issued a $119.00 price target (up from $98.00) on shares of Dycom Industries in a report on Friday, November 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. Dycom Industries currently has an average rating of “Buy” and an average target price of $115.10.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its position in Dycom Industries by 6.6% during the second quarter. Public Employees Retirement System of Ohio now owns 1,298 shares of the construction company’s stock worth $116,000 after acquiring an additional 80 shares during the period. Riverhead Capital Management LLC raised its position 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 buying an additional 864 shares during the last quarter. Tower Research Capital LLC TRC raised its position 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 buying an additional 1,546 shares during the last quarter. First Bank & Trust acquired a new stake in Dycom Industries during the fourth quarter worth about $243,000. Finally, Shelton Capital Management acquired a new stake in Dycom Industries during the second quarter worth about $215,000.

Dycom Industries (DY) traded up $1.52 during trading hours on Friday, hitting $118.53. 325,430 shares of the stock were exchanged, compared to its average volume of 381,624. Dycom Industries has a 1 year low of $73.95 and a 1 year high of $120.72. The company has a current ratio of 3.16, a quick ratio of 2.86 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $3,620.15, a PE ratio of 25.55, a price-to-earnings-growth ratio of 2.32 and a beta of 1.38.

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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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