Dycom Industries, Inc. Expected to Earn FY2024 Earnings of $6.50 Per Share (NYSE:DY)

Dycom Industries, Inc. (NYSE:DY) – Stock analysts at Zacks Research increased their FY2024 earnings estimates for Dycom Industries in a research report issued to clients and investors on Wednesday, September 6th. Zacks Research analyst A. Gupta now anticipates that the construction company will post earnings per share of $6.50 for the year, up from their previous estimate of $6.20. The consensus estimate for Dycom Industries’ current full-year earnings is $6.50 per share. Zacks Research also issued estimates for Dycom Industries’ Q1 2025 earnings at $1.05 EPS, Q4 2025 earnings at $1.68 EPS and FY2025 earnings at $6.52 EPS.

A number of other equities analysts also recently weighed in on the stock. B. Riley reissued a “neutral” rating and set a $111.00 target price on shares of Dycom Industries in a research note on Thursday, August 24th. Wells Fargo & Company boosted their price objective on Dycom Industries from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 24th. UBS Group lowered their target price on Dycom Industries from $132.00 to $127.00 and set a “buy” rating for the company in a report on Monday, August 21st. StockNews.com started coverage on Dycom Industries in a report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, DA Davidson reiterated a “buy” rating on shares of Dycom Industries in a research note on Wednesday, May 31st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $120.40.

Dycom Industries Trading Down 0.0 %

NYSE:DY traded down $0.03 on Friday, reaching $98.36. 21,908 shares of the stock traded hands, compared to its average volume of 432,312. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 15.40 and a beta of 1.32. Dycom Industries has a 1-year low of $77.33 and a 1-year high of $122.13. The company has a current ratio of 3.38, a quick ratio of 3.13 and a debt-to-equity ratio of 0.83. The company’s 50 day moving average is $102.17 and its 200-day moving average is $98.93.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, August 23rd. The construction company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.66 by $0.37. Dycom Industries had a return on equity of 20.89% and a net margin of 4.71%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $1.46 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DY. Credit Suisse AG boosted its stake in Dycom Industries by 4.4% during the 1st quarter. Credit Suisse AG now owns 26,868 shares of the construction company’s stock valued at $2,516,000 after purchasing an additional 1,122 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Dycom Industries by 136.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,296 shares of the construction company’s stock valued at $2,931,000 after buying an additional 18,044 shares during the last quarter. Teacher Retirement System of Texas raised its position in Dycom Industries by 26.9% in the 4th quarter. Teacher Retirement System of Texas now owns 12,097 shares of the construction company’s stock valued at $1,132,000 after buying an additional 2,565 shares during the last quarter. SG Americas Securities LLC lifted its stake in Dycom Industries by 193.7% during the 1st quarter. SG Americas Securities LLC now owns 20,604 shares of the construction company’s stock valued at $1,930,000 after acquiring an additional 13,588 shares in the last quarter. Finally, Keel Point LLC boosted its holdings in Dycom Industries by 5.9% during the 1st quarter. Keel Point LLC now owns 3,220 shares of the construction company’s stock worth $302,000 after acquiring an additional 179 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.