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.
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.
WARNING: This article was originally reported by Week Herald and is owned by of Week Herald. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://weekherald.com/2018/02/17/dycom-industries-inc-forecasted-to-post-fy2018-earnings-of-3-87-per-share-dy.html.
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.
Receive News & Ratings for Dycom Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries and related companies with MarketBeat.com's FREE daily email newsletter.