Dycom Industries Inc. (NYSE:DY) – Research analysts at KeyCorp lowered their Q2 2017 earnings estimates for Dycom Industries in a report released on Tuesday. KeyCorp analyst T. Afzal now anticipates that the firm will post earnings of $0.70 per share for the quarter, down from their previous forecast 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.

Other analysts also recently issued research reports about the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of Dycom Industries in a research report on Sunday, August 28th. Vetr upgraded Dycom Industries from a “sell” rating to a “hold” rating and set a $89.92 price target for the company in a report on Tuesday, August 2nd. DA Davidson reiterated a “buy” rating and set a $105.00 price target on shares of Dycom Industries in a report on Tuesday. Zacks Investment Research cut Dycom Industries from a “buy” rating to a “hold” rating in a report on Monday, August 29th. Finally, FBR & Co reiterated an “outperform” rating and set a $121.00 price target on shares of Dycom Industries in a report on Tuesday, November 1st. One 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 stock. The stock currently has a consensus rating of “Buy” and an average price target of $97.19.

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

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Dycom Industries (NYSE:DY) opened at 75.66 on Thursday. The stock has a 50 day moving average price of $82.61 and a 200-day moving average price of $84.92. The firm has a market capitalization of $2.38 billion, a PE ratio of 16.58 and a beta of 1.32. Dycom Industries has a one year low of $47.10 and a one year high of $98.45.

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

A number of institutional investors have recently bought and sold shares of DY. York Capital Management Global Advisors LLC purchased a new stake in shares of Dycom Industries during the third quarter worth about $80,013,000. Bank of Montreal Can purchased a new stake in shares of Dycom Industries during the second quarter worth about $18,977,000. Emerald Advisers Inc. PA purchased a new stake in shares of Dycom Industries during the second quarter worth about $18,414,000. Peconic Partners LLC boosted its stake in shares of Dycom Industries by 10.4% in the third quarter. Peconic Partners LLC now owns 2,178,112 shares of the company’s stock worth $178,126,000 after buying an additional 204,845 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Dycom Industries during the second quarter worth about $15,881,000. Institutional investors and hedge funds own 99.44% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was first posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this report on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2016/11/26/q2-2017-earnings-forecast-for-dycom-industries-inc-dy-issued-by-keycorp.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.

5 Day Chart for NYSE:DY

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