Dycom Industries, Inc. (NYSE:DY) – Stock analysts at KeyCorp reduced their Q1 2018 earnings per share (EPS) estimates for shares of Dycom Industries in a report issued on Wednesday. KeyCorp analyst T. Afzal now forecasts that the construction company will earn $0.84 per share for the quarter, down from their prior forecast of $1.37. KeyCorp has a “Overweight” rating and a $87.00 price objective on the stock. KeyCorp also issued estimates for Dycom Industries’ Q2 2018 earnings at $0.53 EPS, Q4 2018 earnings at $1.46 EPS, FY2018 earnings at $4.02 EPS and FY2019 earnings at $4.82 EPS.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, August 30th. The construction company reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.03. The firm had revenue of $780.20 million during the quarter, compared to analysts’ expectations of $798.62 million. Dycom Industries had a net margin of 5.13% and a return on equity of 26.68%. Dycom Industries’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.64 EPS.

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Several other analysts have also weighed in on the stock. ValuEngine upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. Zacks Investment Research lowered shares of Dycom Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 15th. Canaccord Genuity restated a “buy” rating and set a $52.00 price target on shares of Dycom Industries in a research report on Thursday, May 25th. FBR & Co restated an “outperform” rating on shares of Dycom Industries in a research report on Monday, June 19th. Finally, DA Davidson restated a “neutral” rating and set a $97.00 price target (down previously from $105.00) on shares of Dycom Industries in a research report on Sunday, May 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $105.94.

Shares of Dycom Industries (DY) opened at 81.76 on Friday. Dycom Industries has a 52 week low of $70.33 and a 52 week high of $110.64. The company’s 50-day moving average is $84.51 and its 200-day moving average is $91.74. The firm has a market cap of $2.54 billion, a PE ratio of 16.08 and a beta of 1.27.

A number of hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP raised its stake in Dycom Industries by 22.4% in the first quarter. First Trust Advisors LP now owns 95,988 shares of the construction company’s stock worth $8,922,000 after buying an additional 17,581 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Dycom Industries by 1.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 20,850 shares of the construction company’s stock worth $1,938,000 after buying an additional 230 shares in the last quarter. Eqis Capital Management Inc. raised its stake in Dycom Industries by 5.4% in the first quarter. Eqis Capital Management Inc. now owns 8,935 shares of the construction company’s stock worth $831,000 after buying an additional 454 shares in the last quarter. State Treasurer State of Michigan raised its stake in Dycom Industries by 1.6% in the first quarter. State Treasurer State of Michigan now owns 12,800 shares of the construction company’s stock worth $1,190,000 after buying an additional 200 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in Dycom Industries by 2.9% in the first quarter. Great West Life Assurance Co. Can now owns 18,348 shares of the construction company’s stock worth $1,705,000 after buying an additional 514 shares in the last quarter.

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.

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

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