Dycom Industries, Inc. Forecasted to Post FY2018 Earnings of $3.87 Per Share (DY)

Dycom Industries, Inc. (NYSE:DY) – Investment analysts at KeyCorp issued their FY2018 earnings per share estimates for shares of Dycom Industries in a research report issued to clients and investors on Tuesday. KeyCorp analyst T. Afzal forecasts that the construction company will post earnings per share of $3.87 for the year. KeyCorp has a “Overweight” rating and a $123.00 price target on the stock. KeyCorp also issued estimates for Dycom Industries’ Q4 2018 earnings at $0.10 EPS, Q1 2019 earnings at $0.72 EPS, Q2 2019 earnings at $1.93 EPS, Q3 2019 earnings at $2.07 EPS, Q4 2019 earnings at $0.95 EPS and FY2019 earnings at $5.67 EPS.

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 analysts’ consensus estimates of $0.90 by $0.09. The firm had revenue of $756.20 million for the quarter, compared to the consensus estimate of $729.35 million. Dycom Industries had a return on equity of 22.49% and a net margin of 4.46%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 EPS.

Other research analysts also recently issued research reports about the company. B. Riley restated a “buy” rating on shares of Dycom Industries in a research note on Wednesday, November 1st. Canaccord Genuity restated a “buy” rating and set a $125.00 price target (up previously from $110.00) on shares of Dycom Industries in a research note on Tuesday. Craig Hallum restated a “buy” rating and set a $129.00 price target (up previously from $114.00) on shares of Dycom Industries in a research note on Tuesday. DA Davidson raised their price target on Dycom Industries to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 21st. Finally, Zacks Investment Research upgraded Dycom Industries from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. Dycom Industries presently has an average rating of “Buy” and an average price target of $121.50.

Dycom Industries (NYSE DY) opened at $115.11 on Thursday. The stock has a market capitalization of $3,560.00, a P/E ratio of 27.21, a P/E/G ratio of 1.64 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 12 month low of $73.95 and a 12 month high of $123.99.

Institutional investors have recently bought and sold shares of the business. Wellington Shields Capital Management LLC acquired a new stake in Dycom Industries during the 3rd quarter worth approximately $966,000. Thompson Siegel & Walmsley LLC lifted its position in Dycom Industries by 12.2% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 330,772 shares of the construction company’s stock worth $28,406,000 after acquiring an additional 36,034 shares during the period. State Street Corp lifted its position in Dycom Industries by 3.3% during the 2nd quarter. State Street Corp now owns 1,023,232 shares of the construction company’s stock worth $91,602,000 after acquiring an additional 32,975 shares during the period. Strs Ohio lifted its position in Dycom Industries by 461.8% during the 3rd quarter. Strs Ohio now owns 15,730 shares of the construction company’s stock worth $1,350,000 after acquiring an additional 12,930 shares during the period. Finally, Gabelli Funds LLC acquired a new stake in Dycom Industries during the 3rd quarter worth approximately $859,000.

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About Dycom Industries

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.

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

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