Today, Q3 2017 EPS Estimates for Dycom Industries Inc. (DY) Cut by Analyst

Today, Q3 2017 EPS Estimates for Dycom Industries Inc. (DY) Cut by Analyst

Dycom Industries Inc. (NYSE:DY) – Analysts at DA Davidson decreased their Q3 2017 earnings per share (EPS) estimates for Dycom Industries in a research note issued on Wednesday. DA Davidson analyst J. Rogers now forecasts that the firm will earn $1.18 per share for the quarter, down from their prior estimate of $1.34. DA Davidson currently has a “Buy” rating and a $105.00 target price on the stock.

Several other brokerages also recently commented on DY. Vetr downgraded shares of 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. FBR & Co reduced their price target on shares of Dycom Industries from $121.00 to $115.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 22nd. Finally, Zacks Investment Research upgraded shares of Dycom Industries from a “sell” rating to a “hold” rating in a research report on Friday, November 18th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $97.19.

Dycom Industries (NYSE:DY) opened at 72.69 on Monday. The firm has a market capitalization of $2.28 billion, a PE ratio of 15.93 and a beta of 1.32. The firm has a 50 day moving average of $82.31 and a 200 day moving average of $85.15. Dycom Industries has a one year low of $47.10 and a one year high of $98.45.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Monday, November 21st. The company reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.02. The company had revenue of $799.20 million for the quarter, compared to analysts’ expectations of $801.34 million. Dycom Industries had a net margin of 5.30% and a return on equity of 28.63%. The business’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS.

Several hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its stake in Dycom Industries by 0.6% in the third quarter. Advisors Asset Management Inc. now owns 11,769 shares of the company’s stock worth $962,000 after buying an additional 65 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Dycom Industries by 0.5% in the second quarter. Thrivent Financial for Lutherans now owns 15,100 shares of the company’s stock worth $1,355,000 after buying an additional 70 shares during the last quarter. BOKF NA boosted its stake in Dycom Industries by 1.6% in the second quarter. BOKF NA now owns 5,230 shares of the company’s stock worth $469,000 after buying an additional 84 shares during the last quarter. Alpine Woods Capital Investors LLC boosted its stake in Dycom Industries by 0.7% in the third quarter. Alpine Woods Capital Investors LLC now owns 12,207 shares of the company’s stock worth $998,000 after buying an additional 86 shares during the last quarter. Finally, Geneva Advisors LLC boosted its stake in Dycom Industries by 1.9% in the third quarter. Geneva Advisors LLC now owns 8,618 shares of the company’s stock worth $705,000 after buying an additional 159 shares during the last quarter.

Dycom Industries Company Profile

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