Dycom Industries Inc. (NYSE:DY) – Stock analysts at FBR & Co cut their Q2 2017 earnings per share estimates for shares of Dycom Industries in a research report issued to clients and investors on Tuesday. FBR & Co analyst A. Rygiel now forecasts that the firm will post earnings of $0.68 per share for the quarter, down from their prior estimate of $0.69. FBR & Co has a “Outperform” rating and a $115.00 price objective on the stock. FBR & Co also issued estimates for Dycom Industries’ Q3 2017 earnings at $1.19 EPS and Q4 2017 earnings at $1.62 EPS.

DY has been the topic of a number of other reports. DA Davidson reissued a “buy” rating and issued a $105.00 price target on shares of Dycom Industries in a research note on Tuesday. Zacks Investment Research raised Dycom Industries from a “sell” rating to a “hold” rating in a research note on Friday, November 18th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Dycom Industries in a research note on Sunday, August 28th. Vetr raised Dycom Industries from a “hold” rating to a “buy” rating and set a $98.88 price objective on the stock in a research note on Tuesday, August 23rd. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of Dycom Industries in a research note on Wednesday, September 28th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $97.19.

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

Dycom Industries (NYSE:DY) opened at 77.52 on Wednesday. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 16.99 and a beta of 1.32. The firm has a 50-day moving average of $82.92 and a 200 day moving average of $84.88. Dycom Industries has a 52 week low of $47.10 and a 52 week high of $98.45.

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

A number of institutional investors have recently added to or reduced their stakes in DY. Columbus Circle Investors increased its stake in Dycom Industries by 7.5% in the second quarter. Columbus Circle Investors now owns 835,260 shares of the company’s stock valued at $74,973,000 after buying an additional 58,538 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in Dycom Industries during the second quarter valued at about $15,881,000. Emerald Advisers Inc. PA acquired a new stake in Dycom Industries during the second quarter valued at about $18,414,000. Moody Aldrich Partners LLC increased its stake in Dycom Industries by 187.8% in the second quarter. Moody Aldrich Partners LLC now owns 31,475 shares of the company’s stock valued at $2,825,000 after buying an additional 20,540 shares in the last quarter. Finally, Rice Hall James & Associates LLC acquired a new stake in Dycom Industries during the second quarter valued at about $11,078,000. 99.44% of the stock is currently owned by hedge funds and other institutional investors.

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Dycom Industries Company Profile

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.

5 Day Chart for NYSE:DY

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