Trade Report: Today, Research Analysts Issue Forecasts for Dycom Industries Inc.’s Q2 2017 Earnings (DY)

Today, Research Analysts Issue Forecasts for Dycom Industries Inc.’s Q2 2017 Earnings (DY)

Dycom Industries Inc. (NYSE:DY) – Stock analysts at KeyCorp cut their Q2 2017 EPS estimates for Dycom Industries in a report released on Tuesday. KeyCorp analyst T. Afzal now anticipates that the firm will earn $0.70 per share for the quarter, down from their previous estimate of $0.73. KeyCorp also issued estimates for Dycom Industries’ Q3 2017 earnings at $1.14 EPS, Q4 2017 earnings at $1.79 EPS and FY2018 earnings at $5.93 EPS.

Dycom Industries (NYSE:DY) last issued its earnings results on Monday, November 21st. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.65 by $0.02. The company earned $799.20 million during the quarter, compared to analyst estimates of $801.34 million. Dycom Industries had a return on equity of 29.59% and a net margin of 5.30%. The business’s revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 EPS.

A number of other brokerages also recently commented on DY. Vetr downgraded Dycom Industries from a “hold” rating to a “sell” rating and set a $90.92 target price on the stock. in a research note on Monday, August 8th. Zacks Investment Research upgraded Dycom Industries from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Thursday, August 25th. Wells Fargo & Co. restated a “buy” rating on shares of Dycom Industries in a research note on Wednesday, September 28th. DA Davidson set a $110.00 target price on Dycom Industries and gave the company a “buy” rating in a research note on Monday, August 22nd. Finally, FBR & Co boosted their target price on Dycom Industries from $115.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday, August 25th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Dycom Industries has an average rating of “Buy” and an average target price of $97.19.

Dycom Industries (NYSE:DY) opened at 77.52 on Thursday. The stock has a 50 day moving average price of $82.92 and a 200 day moving average price of $84.88. Dycom Industries has a 12 month low of $47.10 and a 12 month high of $98.45. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 16.99 and a beta of 1.32.

Institutional investors have recently bought and sold shares of the company. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in Dycom Industries during the second quarter valued at $2,697,000. 1st Global Advisors Inc. boosted its position in Dycom Industries by 5.0% in the second quarter. 1st Global Advisors Inc. now owns 9,998 shares of the company’s stock valued at $897,000 after buying an additional 475 shares in the last quarter. Concorde Asset Management LLC acquired a new position in Dycom Industries during the second quarter valued at $256,000. Eagle Boston Investment Management Inc. boosted its position in Dycom Industries by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 145,601 shares of the company’s stock valued at $13,069,000 after buying an additional 3,878 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its position in Dycom Industries by 15.2% in the second quarter. Eqis Capital Management Inc. now owns 14,094 shares of the company’s stock valued at $1,265,000 after buying an additional 1,861 shares in the last quarter. 99.44% of the stock is owned by institutional investors and hedge funds.

Dycom Industries Company Profile

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