Brokers expect Dycom Industries, Inc. (NYSE:DY) to post quarterly sales of $718.06 million

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Wall Street analysts expect Dycom Industries, Inc. (NYSE:DY) to post revenue of $718.06 million for the current fiscal quarter, Zacks reports. Three analysts released earnings estimates for Dycom Industries. The highest sales estimate is $722.79 million and the lowest is $713.40 million. Dycom Industries reported sales of $750.67 million in the same quarter last year, suggesting a negative 4.3% year-over-year growth rate. The company is expected to release its next quarterly results on Wednesday, March 2.

According to Zacks, analysts expect Dycom Industries to report annual revenue of $3.09 billion for the current fiscal year, with estimates ranging from $3.08 billion to $3.09 billion. For the next fiscal year, analysts expect the company to post sales of $3.38 billion, with estimates ranging from $3.28 billion to $3.46 billion. Zacks sales averages are an average average based on a survey of research analysts who cover Dycom Industries.

Dycom Industries Inc (NYSE:DY) last announced its results on Tuesday, November 23. The construction company reported earnings per share (EPS) of $0.95 for the quarter, beating the Zacks consensus estimate of $0.69 by $0.26. Dycom Industries had a net margin of 1.40% and a return on equity of 5.47%. The company posted revenue of $854.00 million in the quarter, versus analyst estimates of $815.89 million. In the same quarter a year earlier, the company posted EPS of $1.06. Dycom Industries revenue increased 5.4% from the same quarter last year.

Several stock analysts have weighed in on the company recently. DA Davidson raised its price target on Dycom Industries from $85.00 to $115.00 and gave the company a “buy” rating in a Wednesday, November 24 report. B. Riley raised his target price on Dycom Industries from $86.00 to $120.00 and gave the company a “buy” rating in a Wednesday, November 24 research report. Craig Hallum raised his target price on Dycom Industries from $110.00 to $121.00 and gave the company a “buy” rating in a Wednesday, November 24 research report. KeyCorp raised its price target on Dycom Industries from $104.00 to $115.00 and gave the company an “overweight” rating in a Wednesday, November 24 research note. Finally, TheStreet upgraded Dycom Industries from a “c” to a “b-” rating in a Tuesday, November 30 research note. One financial analyst has assigned the stock a sell rating and six have assigned the company’s stock a buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $111.43.

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DY stock opened at $88.30 on Friday. The company has a market capitalization of $2.66 billion, a PE ratio of 61.75 and a beta of 1.55. Dycom Industries has a one-year low of $62.88 and a one-year high of $105.28. The company has a current ratio of 3.69, a quick ratio of 3.51 and a debt ratio of 1.02. The company has a 50-day moving average of $90.39 and a two-hundred-day moving average of $81.18.

A number of institutional investors have recently changed their positions in the stock. William Blair Investment Management LLC increased its stake in Dycom Industries to 68,745.3% in the third quarter. William Blair Investment Management LLC now owns 444,052 shares of the construction company worth $31,634,000 after buying an additional 443,407 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings of Dycom Industries shares by 196.6% during the second quarter. Goldman Sachs Group Inc. now owns 665,087 shares of the construction company valued at $49,569,000 after buying an additional 440,884 shares in the last quarter. Point72 Asset Management LP acquired a new position in Dycom Industries during the third quarter worth $25,440,000. Peconic Partners LLC increased its position in Dycom Industries by 33.8% during the second quarter. Peconic Partners LLC now owns 973,384 shares of the construction company valued at $72,546,000 after purchasing an additional 245,719 shares during the period. Finally, Granite Investment Partners LLC acquired a new position in shares of Dycom Industries in the fourth quarter worth approximately $20,640,000. 91.06% of the shares are currently held by institutional investors.

Dycom Industries Company Profile

Dycom Industries, Inc provides contract services throughout the United States. Its services include engineering, construction, maintenance and installation services to telecommunications providers, underground facility location services to various utilities, including other construction and maintenance services to utilities electricity and gas, and others.

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Earnings history and estimates for Dycom Industries (NYSE:DY)

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